CBRE teams up with Climate X on sustainability push
CBRE has struck a deal with Climate X to provide comprehensive climate risk data for property investors and occupiers.
Climate X is a risk analysis platform and will enable CBRE’s sustainability specialists to translate climate risk scenarios and hazards into easy-to-understand information to help clients evaluate locations and pinpoint potential threats from climate risks.
“Companies are operating in a world of increasing climate risks while also trying to advance their efforts to reduce emissions across their portfolios,” said Rob Bernard, CBRE’s chief sustainability officer. “This challenge will become more daunting as global temperatures continue to rise. We are simplifying complexity for our clients through a transparent, end-to-end approach to climate risk assessments and decarbonization strategies at a global and asset level.”
CBRE has struck a deal with Climate X to provide comprehensive climate risk data for property investors and occupiers.
Climate X is a risk analysis platform and will enable CBRE’s sustainability specialists to translate climate risk scenarios and hazards into easy-to-understand information to help clients evaluate locations and pinpoint potential threats from climate risks.
“Companies are operating in a world of increasing climate risks while also trying to advance their efforts to reduce emissions across their portfolios,” said Rob Bernard, CBRE’s chief sustainability officer. “This challenge will become more daunting as global temperatures continue to rise. We are simplifying complexity for our clients through a transparent, end-to-end approach to climate risk assessments and decarbonization strategies at a global and asset level.”
Climate X’s platform facilitates the calculation of risk from local hazards, such as coastal flooding, drought, extreme heat, landslides, storms and wildfires.
CBRE said the platform would enable it to help clients to calculate capex requirements and return on investment for retrofits and acquisitions that increase adaptation and resilience.
The firm was founded by Lukky Ahmed and Kamil Kuza in December 2021 and got initial funding from A/O Proptech, Deloitte, CommerzVentures and Voyagers Climate Tech Fund.
“Climate change is redefining how and where companies operate,” said Ahmed. “With Climate X’s cutting-edge data analytics, CBRE is poised to deliver best-in-class solutions that empower clients to take an ROI-driven approach to mitigate climate impacts across every stage of the asset lifecycle.
CBRE said it was seeking to simplify the complexity of sustainability and would continue to expand its focus on climate risk and its potential impact on clients’ portfolios locally and globally.
Photo © Louise Haywood-Schiefer
