Australia and the U.S. - Providing a climate change risk assessment for a major Australian and U.S. property group to better understand future environmental risks.
Dexus Property Group has over 100 office, industrial and retail properties in the U.S. and Australia, but could see the need to plan for the impact of extreme weather events linked to climate change.
A bespoke solution for the $13.6 billion business included an initial assessment of the portfolio using geographic information systems to spatially map climate change risk followed by a detailed ranking of each asset according to its vulnerability that could be ultimately visualized via an online portal.
DEXUS folded the climate change risk assessment into their risk management framework and developed adaptation strategies for the top ten high risk properties, one of the first commercial property groups to take such a step.
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