Climate Risk and Market Value: Data Innovations for Real Estate

When

Wednesday, March 10th, 2021
1:00pm - 2:00pm EST

Choose Your Calendar

    Where

    Global ULI Online
    In this webinar, hear from experts leading efforts to improve climate data and models for real estate development and land use policy.

    Pricing

    Pricing Members Non-Members
    Private FREE $40.00
    Public/Academic/Nonprofit FREE $25.00
    Retired FREE N/A
    Student FREE $25.00
    Under Age 35 FREE $25.00
    All prices are in USD

    Real estate investors, owners, designers, and policymakers are increasingly turning to sophisticated data to understand how extreme weather events and other physical climate risks may affect portfolios, projects, markets, and residents. Climate data and the scientific models that produce risk ratings can influence capital and operations costs, insurance premiums and coverage, asset valuation, and sometimes where the industry invests and builds. These issues are more urgent than ever: in 2020, for the sixth year in a row, the United States had more than 10 natural disaster events that cost over $1 billion, and ULI published research demonstrating that climate risk is beginning to impact some investors’ interests in markets vulnerable to climate change. 

    In this webinar, hear from experts leading efforts to improve climate data and models for real estate development and land use policy. Speakers will share trends in climate analytics tools, recent updates to critical Federal flood rating models at FEMA, insights on insurance markets, and examples of how cities are leveraging data to improve resiliency and quality of life. Take away a critical understanding of what resources are available, how the field of climate analytics is growing, and what questions to ask now while climate risk model improvements are underway.

    Speakers

    Speaker

    Khalid Husain

    Vice President, ESG, Moody's Investors Service, Inc.

    Khalid Husain is a Vice President in Moody’s global environmental, social and governance (ESG) team. In this capacity, Khalid is responsible for the development of physical climate change risk analysis, updates to Moody’s environmental classification and the broader coordination of metrics and data analysis as part of the ESG Credit Impact Score initiative. Khalid brings multi-disciplinary expertise in ESG issues through past positions in investment management, consulting, policy analysis and environmental field work. Khalid holds a Masters degree in International Affairs with a focus on Economics and Finance from Columbia University and a Bachelors in Earth Sciences from McGill University.

    Speaker

    Nancy Watkins

    Principal, Consulting Actuary, Milliman

    Nancy P. Watkins is a principal and consulting actuary in Milliman's San Francisco office who leads a consulting practice that specializes in climate resilience, insurtech and catastrophic property risk. At the forefront of innovation in flood risk, her team provides state-of-the-art tools, technology, and analysis to insurers, reinsurers, and stakeholders in the flood insurance space. Widely known as a thought leader in the areas of property insurance availability and affordability, Nancy serves on the United Nations Capital Development Fund’s Climate Insurance Linked Resilient Infrastructure Finance Working Group to pilot climate adaptation financing for emerging markets and least developed countries. She leads the Milliman Climate Resilience Initiative and was awarded the American Academy of Actuaries Outstanding Volunteerism Award for her participation on the Flood Insurance Work Group.

    Speaker

    Matt Praske

    Energy & Sustainability Manager, WashREIT

    Mr. Matt Praske joined WashREIT in February 2014 and serves as the Director of Energy and Sustainability. In this role he oversees the company’s energy management programs, sustainability initiatives, and ESG reporting. Prior to joining WashREIT, he worked in high-performance building consulting with The Cadmus Group. Mr. Praske holds a Bachelor of Science in Mechanical Engineering and a Bachelor of Arts in Government & Politics from the University of Maryland. He is a LEED Accredited Professional and Certified Energy Manager.

    Speaker

    Carolyn Kousky

    Executive Director, Warton Risk Center, The Wharton School

    Dr. Carolyn Kousky is Executive Director at the Wharton Risk Management and Decision Processes Center at the University of Pennsylvania, where she also directs the Policy Incubator. Dr. Kousky’s research has examined multiple aspects of disaster insurance markets, the National Flood Insurance Program, federal disaster aid and response, and policy responses to potential changes in extreme events with climate change. She has published numerous articles, reports, and book chapters on the economics and policy of natural disasters and disaster insurance markets, and is routinely cited in media outlets including NPR, The New York Times, The Washington Post, Fortune, CBS News, and The Financial Times, among others. She is the recipient of the 2013 Tartufari International Prize from the Accademia Nazionale dei Lincei. Dr. Kousky was a member of the National Research Council Committee on Analysis of Costs and Benefits of Reforms to the National Flood Insurance Program and is a visiting Fellow at Resources for the Future. She has a BS in Earth Systems from Stanford University and a PhD in Public Policy from Harvard University.