Dallas – June 13th, 2024: 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.
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 a ROI-driven approach to mitigate climate impacts across every stage of the asset lifecycle."
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.
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About CBRE
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.
About Climate X
Climate X is the world’s only fully integrated climate risk platform, helping financial institutions, asset managers, real estate companies and service providers to price, manage and build resilience to climate change impacts on the built environment.
Climate X provides full hazard modelling translated into quantified financial impacts and adaptation measures, at asset, company, and portfolio levels. Their innovative solutions have transformed the approach of businesses towards climate challenges, enabling them to build and retrofit structures for a sustainable future.
They are reinforced by notable figures such as David Carlin, Robert Wigley, and Jackie Bennet OBE who serve as advisors and are supported by CommerzVentures, Pale Blue Dot and Bluewire Capital as some of its investors.
Climate X has received numerous awards, including FinTech Germany, Chartis’ Rising Star, and Deloitte’s Fast 50.
