Climate X：2023房地产行业气候风险管理操作手册（英文版）（112页）.pdf

1、OPERATION MANUALClimate Risk for the Real Estate IndustryNovember 2023November 2023Operations Manual Resource:Real Estate3ContentNovember 2023Operations Manual Resource:Real Estate43Contents11CEO Foreword15Using the Operating Manual19Climate Change:The State of Play21Present and Future Consequences2

2、3Climate Risk 101:24Physical Risks24Often Undermanaged and Underreported24Acute vs Chronic Physical Weather Events25Transition Risks25Climate Policies25Investor Sentiment25Consumer Sentiment27A Call to Action:The Need for Resilience28Adaptation vs Mitigation29How Climate Risk Impacts the Banking Sec

3、tor29Existing Climate Risk IntegrationNovember 2023Operations Manual Resource:Real Estate529Policymakers Stepping In30The Task Force on Climate-Related Financial Disclosures(TCFD)32Governance and Culture32Strategy and Business Model32Key Dates/Timelines33Climate-Related Risk Drivers for the Real Est

4、ate Industry42How Climate Risks Impact the Real Estate Sector40Mortgages40Energy Performance Certificate Ratings(EPC)40Impairment41Portfolio Monitoring and Management42Asset Mapping/Supply Chain49International Cooperation48International Institutions48Global Initiatives49Key TakeawaysNovember 2023Ope

5、rations Manual Resource:Real Estate653Countries Specificities54USA53Expectations53Regulatory Timelines54Institutions54Key Takeaways56Europe56Regulatory Timelines58Institutions58Key Takeaways61Germany60Expectations60Regulatory Timelines60Institutions60Key Takeaways64France62Expectations62Regulatory T

6、imelines62Institutions62Key Takeaways67The United Kingdom64ExpectationsNovember 2023Operations Manual Resource:Real Estate764Institutions64Key Takeaways65Regulatory Timelines71A Deep Dive:The Cost of Climate Change68Financial Costs68Business Disruption69Reputation69Poor Investments70Human Displaceme