CBRE Expands Climate Risk Assessment Capabilities with Climate X Agreement, Enabling Enhanced Actionable Sustainability Insights
13 Juni 2024 - 2:30PM
Business Wire
CBRE Group, Inc. (NYSE:CBRE) today announced expanded
capabilities to provide comprehensive climate risk data for
property investors and occupiers to accelerate their sustainability
planning, reporting and decision making.
The company has entered into an agreement with Climate X, a risk
analysis platform, to enable CBRE’s sustainability specialists to
translate climate risk scenarios and hazards into
easy-to-understand information that helps 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. 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,” said Rob Bernard, CBRE’s chief
sustainability officer.
Climate X’s platform facilitates the calculation of risk from
local hazards, such as coastal flooding, drought, extreme heat,
landslides, storms and wildfires. It also enables CBRE to help
clients to calculate CapEx requirements and return on investment
for retrofits and acquisitions that increase adaptation and
resilience.
“Climate change is redefining how and where companies operate.
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,” said Lukky Ahmed, CEO & Co-Founder at
Climate X.
As CBRE seeks to simplify the complexity of sustainability, the
company will continue to expand its focus on climate risk and its
potential impact on clients’ portfolios locally and globally.
About CBRE Group, Inc.
CBRE Group, Inc. (NYSE:CBRE), a Fortune 500 and S&P 500
company headquartered in Dallas, is the world’s largest commercial
real estate services and investment firm (based on 2023 revenue).
The company has more than 130,000 employees (including Turner &
Townsend employees) serving clients in more than 100 countries.
CBRE serves a diverse range of clients with an integrated suite of
services, including facilities, transaction and project management;
property management; investment management; appraisal and
valuation; property leasing; strategic consulting; property sales;
mortgage services and development services. Please visit our
website at www.cbre.com. We routinely post important
information on our website, including corporate and investor
presentations and financial information. We intend to use our
website as a means of disclosing material, non-public information
and for complying with our disclosure obligations under Regulation
FD. Such disclosures will be included in the Investor Relations
section of our website at https://ir.cbre.com. Accordingly,
investors should monitor such portion of our website, in addition
to following our press releases, Securities and Exchange Commission
filings and public conference calls and webcasts.
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Sara Johnston +1 303 264 1912 Sara.Johnston@cbre.com
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