From the course: ESG and Buildings
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Climate change: Risk, resilience, and mitigation
From the course: ESG and Buildings
Climate change: Risk, resilience, and mitigation
- Climate change risk management, mitigation, and resilience strategies are at the top of ESG considerations in the built environment. Mitigation focuses on reducing greenhouse gas emissions, primarily through reducing fossil fuel use and choosing cleaner energy sources. Resilience involves preparing buildings and infrastructure to withstand and recover from climate-related risks, such as storms and floods. According to the World Economic Forum, five out of the top 10 global risks in the next 10 years are environmental risks. At the forefront of these risks lies climate change, a complex issue with profound implications. There are three types of climate risks that buildings are exposed to: physical, transitional, and social risks. Physical climate risks are about the physical impact of the changing climate such as acute events due to extreme weather conditions. for example, flooding, and chronic issues that happen over time such as rising sea levels. Both acute and chronic physical…
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