CRREM is publishing a new survey about transition risk in real estate.
Global market participants form the banking sector as well as international investors kindly participated in the survey ‘CRREM SURVEY ON TRANSITION RISK’, providing valuable insights and their market views on the current trends and/or challenges in regard to carbon- and transition-risks. The survey was open from July until end of September 2021.
The survey highlights areas where the market can still take further action. Challenges still remain especially in regard to collecting refrigerant losses, collecting tenant data (especially for residential properties), challenges when dealing with data gaps and reducing asset level assumptions made. Further challenges also include defining uniform measurement units and building areas (e.g. IPMS 2 (International Property Measurement Standard)).