The magnitude of climate-related risks has tripled to 27 in 2024, making it crucial to incorporate climate risk assessments and resilience measures into asset management plans. A panel of experts discussed this topic at the 2025 ULI Resilience Summit in Denver. They emphasized that climate risk assessments are no longer just about satisfying investor demands, but also about protecting assets and adding value. Companies like JBG Smith and Global Infrastructure Partners are using tools like S&P Global’s Climanomics and Ramboll’s HazAtlas to identify climate risks and develop mitigation strategies.
The experts stressed the importance of making climate risk assessments actionable, involving insurance teams, and using frameworks to evaluate potential risk reduction measures. They also highlighted the need for companies to educate their board members about climate risk resilience and integrate risk management with capital expenditures planning. By building a framework for climate risk assessment and resilience, companies can better prepare for future climate events and drive value. The 2026 ULI Resilience Summit is scheduled for May 8 in Nashville, Tennessee.