Climate Change Adaptation
Related services
Climate change adaptation is a means of navigating clear and material risks to the real estate sector. In addition to the physical and social impacts of extreme weather, growing regulatory pressures and changes in market preference are also impacting investment performance.
TFT helps real estate clients understand their potential climate-related risks, opportunities, and the financial impact on their properties. We develop strategies to manage those risks and improve resilience.
According to leading research, 45% of the value of global investment portfolios could be lost as a result of a short-term market shift in response to climate risk, equating to a staggering $35.4tn. Importantly, research also suggests the economic benefits of early action will result in significantly higher returns in the long run.
Climate change adaptation: clear and consistent support
Working in partnership with world-leading academics in the field of climate change, TFT takes a multi-disciplinary approach to assessing the changing physical exposure and vulnerability of portfolios or individual assets to current and future probabilistic climatic scenarios by:
- Determining material climatic threats, analysing exposure and vulnerability, and allocating risk against probabilistic climatic scenarios such as global temperature fluctuations
- Identifying short-term adaptation measures for high-risk assets as part of a strategy to improve resilience
- Establishing climate change mitigation opportunities for individual assets, settlements, and/or portfolios
- Providing cost estimates of adaptation and mitigation measures
Outcomes of the analysis support the identification of climate-related opportunities, asset capital allocations and risk distribution in preparation for transformation towards a low-carbon built environment, and ultimately to avoid the risk posed by stranded assets.
TFT offers additional supporting services including:
- Thermal comfort analysis
- Daylight, sunlight and overshadowing assessment
- Green building certification including BREEAM and LEED
Get in touch
Meet our team
Mat Lown
Mat is TFT's Chief ESG & Knowledge Officer. He's a chartered building surveyor and a chartered project management surveyor with more than 30 years of working with many leading property companies, investors, and asset managers.
In 2007, Mat founded TFT’s sustainability consultancy, which helps TFT’s clients to understand the specific sustainability risks and opportunities when making property investment and development decisions. Ultimately, he would like to see sustainability becoming part of what constitutes best practice.
Mat’s articles regularly appear in Construction News, Estates Gazette, RICS and Property Week, and he is a lead author of the RICS Guidance Note, ‘Sustainability – improving performance in existing buildings’. Also of note is Mat’s thesis, ‘Building a Greener Future’, which was published by the CIOB in 1991. He is vice chair of the British Property Federation’s sustainability committee, and a member of British Council for Offices ESG group.
Mat is interested in how great buildings and places can create delight and he particularly enjoys the creative re-use of existing buildings. The South Bank is a great example of how a place can be rejuvenated by considered new interventions and careful restoration of the original building fabric.
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