Climate Resilience

According to CDP by 2050 US$158 trillion of global assets will be at high risk from climate hazard including 750,000 properties in the UK alone. To address the visibility and financial impact of this escalating risk the International Sustainability Standards Board [ISSB] has published global standards for climate disclosure [formally called TCFD] focused on the needs of investors, financial markets and public reporting.

Sustainability factors are now a mainstream part of creating prosperity for cities, business and government. Federal governments are progressively implementing mandatory reporting of climate risk disclosure using the ISSB Standards for Sustainability Disclosures, encompassing IFRS S1 and S2.

To help clients meet compliance whilst reducing business risk, McGregor Coxall utilises data and digital twins to assess the vulnerabilities of their public and private property assets, simulate hazards and prepare resilience action plans. These resilience action plans utilise our biourbanism model and are used by clients to undertake site feasibility, mitigate climate impact and as an interactive digital twin to underpin sustainable masterplanning outcomes.

Organisations can utilise climate resilience action plans to support corporate governance, inform business strategy, establish indicators, set targets and monitor climate-related risk. Our work often incorporates interactive stakeholder and community consultation undertaken through a digital twin.

Dr Robyn Mansfield
Talk to Dr Robyn Mansfield about Climate Resilience
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Designing for Financial and Risk Outcomes

Investing in climate resilience not only addresses environmental sustainability but also yields significant financial and risk management benefits. By implementing our Biourbanism led solutions, projects can see;

1. Reduced Operational Costs: Nature-based solutions, such as green roofs and walls, improve energy efficiency by regulating building temperatures, thereby reducing heating and cooling costs. Water-sensitive urban design decreases water consumption and lowers utility expenses.

2. Enhanced Property Value: Properties designed with climate resilience in mind are increasingly attractive to investors and buyers. Features such as flood-resistant infrastructure, renewable energy sources, and sustainable landscaping enhance the market value of developments.

3. Mitigated Risk and Liability: Proactively addressing climate risks like flooding, urban heat, and sea level rise helps to avoid costly damage and business disruptions. This not only protects physical assets but also minimises liability and insurance premiums.

4. Long-term Investment Security: Sustainable designs ensure that buildings and infrastructure can withstand future climate challenges. This longevity provides security for long-term investments, reducing the need for frequent repairs or replacements.

5. Access to Funding and Incentives: Governments and financial institutions increasingly support sustainable projects through grants, subsidies, and favourable financing terms. Projects demonstrating strong climate resilience are more likely to qualify for such benefits, enhancing their financial viability.