Hurricane Milton is headed for Florida’s west coast. High storm surge is expected to blast the properties, destroying many with an extreme danger to life.
Sign up to our newsletter
Get industry updates straight into your inbox.
The latest climate-related news curated by our team
Updates from around the world dealing with regulatory requirements, climate change, events and more.
The Long-term Effects of Hurricane Helene Highlight Growing Climate Risks and Mitigation Imperatives
Hurricane Helene reveals the huge losses a single storm can bring. Act down to reduce possible damage to your assets in tropical cyclone zones.
Phoenix tackles heatwave risks with state-led strategies. Despite supports from at state and private levels, its housing market faces long-term risks; better climate data is crucial for resilience.
Hamburg is expected to face the most severe flood damages in Europe in the coming years. Despite HafenCity's development as a flood-resilient project, recent flood events and storm surges have exposed its vulnerabilities.
The ECB highlights key challenges for banks in managing CRE valuations amidst climate risks. What are the strategies to address these obstacles and align with evolving demands?
Paris faces unprecedented temperatures and record-breaking heatwaves, leading to severe summers. Our article highlights the urgent need for robust climate adaptation policies and infrastructure upgrades.
EU, UK, US, and Canada central banks are revising lending and collateral valuations with climate risk frameworks, showing the need for regional strategies.
In recent years, the banking sector has intensified its focus on sustainability, driven by the integration of climate risk management frameworks. This article explores how Central Banks in the UK and EU are approaching climate stress testing and scenario analysis, adapting to climate risks and examining the evolving role of regulators in shaping resilient financial systems.
The United States and Canada share similar physical climate risks due to their geographical proximity, facing challenges for real estate valuation in both countries. Learn how local factors, such as regulations and regional climate and geography, impact property values and mortgage lending in the U.S. and Canada.
Canadian regulators support ISSB Standards adoption but may be cautious in mandating them due to complexities. This article delves into the challenges and advancements of climate-related financial disclosures in Canada's banking sector. Discover how regulatory bodies are navigating the transition to align with global norms while considering local economic realities.
Earlier this year, the NGFS released its recommendations report for Sustainable and Responsible Investment (SRI) in central banks’ portfolio management, highlighting challenges in chronic physical risk assessments. In this article, we explore key methodological and data challenges and potential solutions central banks should consider to enhance their sustainability risk management.
One of the Bank of England's roles is to manage and mitigate systemic risks such as climate change. Discover their actions, impacts on the property market, and opportunities to enhance these measures to ensure long-term economic stability and resilience in the face of climate change.
Recent frequent and severe UK flooding impacts property values and loans, prompting regulatory changes. This article explores five perspectives on how rising flood risks shape the property market, flood maps, damages, and regulations.
