Urban Land Institute (ULI) and LaSalle Investment Management have launched a new framework to help the real estate industry act on climate risk disclosure data.

Building on the first report that outlined how to source and interpret reliable climate risk data, the second provides a market overview, adaptable framework and recommendations based on emerging best practices for incorporating physical climate risk in the underwriting process.

“Physical climate risk data collection and disclosure is the first step the real estate industry can take to further invest in and build resilient infrastructure,” says Lindsay Brugger, head of urban resilience at ULI. “Data drives action and doing nothing incurs deeper costs — from higher insurance premiums to asset repair or replacement. Focusing on the underwriting process, the framework offers investment managers a methodology for developing risk-adjusted returns so deals can be adapted in alignment with a firm’s fund