ULI Europe Quantifying transition climate risks in real estate investment models: the development of the Preserve tool

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2025-01-29
2025-01-29T13:00:00 - 2025-01-29T14:00:00
Europe/London

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    There is a lack of consistency in the way that transition risks and opportunities are being integrated into business plans across the real estate industry. As a result, climate transition considerations are not uniformly reflected in real estate investment appraisals, slowing down the sector's decarbonisation efforts.

    As part of its C Change programme, ULI Europe, together with sustainability analytics specialist Synergetic, cost consultant Mott MacDonald and valuations advisor CBRE UK, are developing a new tool that will enable real estate companies to quantify the financial impacts associated with the transition to net zero carbon economy. This will allow for risks and opportunities, such as changes in future energy cost and demand, potential rent increases, carbon pricing, and capital expenditure, to be consistently and uniformly integrated into investment decision making, mobilising the European real estate industry to urgently speed up the pace of decarbonization.

    Join us to learn more about how the Preserve tool will work in practice, and to hear from the industry experts on how the tool will help them balance the dual objectives of financial performance and climate action.


    Intervenantes

    Intervenant

    Daniel Chang

    Managing Director and European Head of ESG, Hines Europe Ltd

    Daniel Chang is European Head of ESG at Hines and in his role focuses on the transition to decarbonisation, enhancing meaningful social engagement in the built environment, and bolstering governance frameworks. Daniel joined Hines in 1999 as Development Manager and from 2009 to 2021 was a Portfolio Asset Manager in investment management. He continues to play a key part in the success of Hines’ European Funds with all 4 funds achieving 5 green stars in 2022 by GRESB and several being awarded as Global Sector Leaders, including the Hines European Core Fund (HECF), achieving this recognition for the last six consecutive years. In addition, HECF won the PREA open-end fund ESG award in 2021 and 2022, with Daniel playing an instrumental part in this accolade. Daniel sits on the Advisory Board for the ULI Randall Lewis Center for Sustainability in Real Estate, which is dedicated to creating healthy, resilient, and high-performance communities around the world. Daniel is also part of the C Change steering committee and is a member of ULI’s Sustainability Council in Europe. Prior to Hines, Daniel worked as an architect at Architecture Studio in Paris. Daniel holds a BSc in Architecture from the University of Maryland and an MBA and MS in Urban Planning from Columbia University.