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Climate change potentially poses physical risk to real estate assets, but the changes in the regulatory environment, as it ramps up efforts to mitigate climate change, also could make some assets less desirable by the time investors are ready to exit. This dual challenge makes managing and measuring risk all the more difficult for real estate investment managers. In an interview published in the December issue of Institutional Real Estate Americas, Justin Travlos, global head of responsible investment at AXA Investment Managers – Real Assets, discusses how the firm is approaching this challenge, as it gears up to meet its ESG goals. To access a pdf of this Sponsored Section, click here.