Three Texas cities lead YardiMatrix’s list of U.S. metro areas with the most environmental risk.
Houston, Austin, and Dallas all received low scores in the firm’s recent ESG report, in the categories of “natural disasters” and “government response.” The analysis included the February 2021 winter storms that claimed 150 lives statewide, and yielded power, food, and water shortages, affecting more than 4.5 million residents. Property damages exceeded $20 billion because of the freakish winter weather.
After the three Texas cities, Tampa and Los Angeles were next on the list of the riskiest U.S. metros. Four cities had the least environmental risk: Boston, Indianapolis, Minneapolis, and Portland. The least risky cities were in states that are taking environmental risk seriously.
Concerns about financial firms’ ability to assess environmental risk has spawned a new industry of consultants that analyze environmental data examine the impact on markets and individual buildings. This field will acquire better data and metrics as it matures, the report says.
Related Stories
Codes and Standards | Apr 25, 2019
Chicago, Houston, and Dallas deemed ‘most dangerous cities for migratory birds’
The three cities are in the heart of North America’s most trafficked aerial corridors.
Codes and Standards | Apr 19, 2019
Notre Dame fire highlights danger of renovating historic structures
The devastating fire at Notre-Dame de Paris is the latest blaze to damage or destroy historic buildings while undergoing renovations. It highlights how vulnerable such structures are to fire while undergoing repairs.
Codes and Standards | Apr 19, 2019
Developers and owners can now join AIA 2030 Commitment
Organization offers tools and resources for working toward net-zero design.
Codes and Standards | Apr 19, 2019
New method of manufacturing cement removes CO2 from the air
Breakthrough could have significant impact on reducing greenhouse gas emissions.
Codes and Standards | Apr 12, 2019
Deadline nears on New York City sprinkler requirement for tall office buildings
The mandate applies to all buildings regardless of when constructed.
Codes and Standards | Apr 8, 2019
LEED v4.1 now available for cities, communities, residential/homes
The rating system emphasizes performance monitoring, fully integrated design, social equity, and human health.
Market Data | Apr 8, 2019
Engineering, construction spending to rise 3% in 2019: FMI outlook
Top-performing segments forecast in 2019 include transportation, public safety, and education.
Codes and Standards | Apr 5, 2019
Manhattan expected to adopt congestion pricing plan for automobiles
New York would be first U.S. city to charge drivers extra for downtown motoring.
Codes and Standards | Apr 4, 2019
Chicago makes major building code overhaul
Previous comprehensive changes were done 70 years ago.
Codes and Standards | Apr 3, 2019
Construction advanced materials makers can enhance industry efficiency with technology
Integration of new IT approaches in construction with new materials has potential to enhance sustainability, alleviate worker shortage.