Moody’s Analytics will now make climate risk scores available on its analytics platform, in a move aimed at helping industry pros better quantify the exposure of commercial properties to the physical impacts of climate change. The firm’s climate risk scoring methodology analyzes both current and future risk and follows the firm’s recent expansion into sub-sovereign climate risk scores introduced by Moody’s ESG Solutions.
Recent research from Moody’s highlighting how climate change is impacting CRE markets notes that developers in Miami are not yet integrating climate risk analysis into property assessments. From 2015 to 2019, the Miami metro saw the highest percentage of assets exposed to flooding but added the most new space to inventory. yet it added the most volume of new space to its inventory during the 2015 to 2019 period.