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 | Aug 3, 2017
ASID headquarters is first space in the world to earn both LEED and WELL Platinum Certification
Washington, D.C. office is showcase for top levels of the two standards.
Codes and Standards | Aug 2, 2017
OSHA to release web-based injury and illness reporting form on August 1st
Employers can use the application to submit forms electronically.
Codes and Standards | Aug 1, 2017
Zoning that restricts housing construction also dampens other economic development
Land use restrictions reduce U.S. GDP by 9% annually.
Codes and Standards | Jul 27, 2017
Five fire scenarios tested on full-scale mass timber building
Results will help inform code changes.
Codes and Standards | Jul 26, 2017
New ISO standard on video fire detectors will help identify fires more quickly
The standard marks the first comprehensive international specification for this equipment.
Codes and Standards | Jul 25, 2017
Geotechnical solutions prevent building distress due to expansive clay soils
The condition is the most common geologic hazard in the U.S.
Codes and Standards | Jul 24, 2017
Non-union labor gaining ground in New York City
President of contractors’ group says competitive pricing is spurring more open shops.
Codes and Standards | Jul 20, 2017
New tallest tower west of the Mississippi built to stringent seismic standards
L.A.’s new 1,100-foot skyscraper dominates city’s skyline.
Codes and Standards | Jul 20, 2017
Chicago rises to the top of U.S. cities in percentage of LEED or Energy Star office buildings
Certified office buildings reach 66% in windy city.
Codes and Standards | Jul 19, 2017
Economic impacts of climate change will jump over next two decades
Average annual cost to buildings and infrastructure from eastern storms to rise by $7.3 billion.