CBRE to use Climate X platform to help clients calculate climate-related risks

CBRE will use risk analysis platform Climate X to provide climate risk data to commercial renters and property owners.

The agreement will help clients calculate climate-related risks and return on investments for retrofits or acquisitions that can boost resiliency, the real estate services firm says. The information will allow property owners and operators to better evaluate risks associated with climate-related events, such as flooding, drought, extreme heat, storms, and wildfires.

The partnership with the risk analysis firm will enable CBRE to better aid clients to calculate capital expenditure requirements under the lens of adaptation and resilience, CBRE says. The agreement will also simplify the complexity of handling climate change-driven risks to better guide decarbonization strategies at a global and asset level, the firm says.

The agreement follows two other partnerships focused on sustainability that CBRE struck last year. One with Deepki, is intended to enable customers to collect energy, water, and waste consumption data for a comprehensive view on environmental performance. The other, with carbon accounting software provider Emitwise, allows customers to collect greenhouse gas emissions data from the supply chain and provide carbon accounting capabilities to suppliers.