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
| Nov 20, 2014
Pentagon is reviewing hospital construction standards
An independent review panel of military specialists met with healthcare leaders Nov. 12 to consider whether construction standards for medical centers should be strengthened to align with industry best practices.
| Nov 20, 2014
ConsensusDocs releases first standard agreement for commissioning contracting
The new standard contract provides a contractual vehicle for owners to save significant money from operation and maintenance costs regarding energy performance.
| Nov 20, 2014
Revamped zoning is transforming several New Jersey downtowns
The zoning policy shift could produce the biggest transformation of North New Jersey’s downtowns since the arrival of malls pulled shoppers away from town centers in the 1960s and 1970s.
| Nov 20, 2014
ANSI approves 2015 Wood-Frame Construction Manual standard
The American Wood Council's 2015 “Wood-Frame Construction Manual for One- and Two-Family Dwellings” (WFCM ) has been approved as an American National Standard by the American National Standards Institute (ANSI).
| Nov 17, 2014
AAMA releases new blast hazard mitigation specifications for vertical fenestration systems
This document provides a guide for manufacturers, architects/specifiers, contractors, and building owners for specifying types of systems and services to meet the requirements of blast hazard mitigation.
| Nov 17, 2014
National Roofing Contractors Assn. offers guide for LEED v4 provisions
National Roofing Contractors Association has released LEED v4: Roofing-related Provisions, a document that examines the roofing-related provisions of LEED v4.
| Nov 14, 2014
Army net-zero initiative moving past pilot stage
The U.S Army's ambitious net-zero initiative has had several successful pilot trials, and planners are prepared to expand the nine-part demonstration field to scores of other Army facilities.
| Nov 14, 2014
Former U.S. Treasury Secretary Paulson works to upgrade China’s building codes
Former U.S. Treasury Secretary Hank Paulson is today focused on making new construction in China more energy efficient by working with leaders to upgrade building codes.
| Nov 14, 2014
California aims for 20% reduction in water consumption by 2020
California’s comprehensive new water use plan makes conservation a priority, reinforcing a 2009 plan to reduce statewide per capita water consumption by 20% by 2020.
| Nov 6, 2014
Demountable structural steel could up the ante on sustainability
Demountable structural steel assemblies would be a greener way to make use of steel in the construction industry than recycling.
