Cervest, which calls itself a “climate intelligence” company, this week announced Cervest Ratings, its latest approach to measuring and specifying climate-related risks of any sort of asset, including physical property but also portfolios, companies, and financial securities.

ESG (environment, social, and governance), and the implications of climate, has become an important consideration for real estate investors. Buildings and land can be particularly vulnerable to climate change-driven events. A CoreLogic estimate suggests that insured and uninsured damages from Hurricane Ian will run between $41 billion and $70 billion.

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Erik Sherman

 

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