Climate Risk, Processing, Construction, Credit Score Programs; IMB Topics; In-Person Events Yup, another competitor for lenders come July: Bed Bath & Beyond is acquiring Tokens.com “to develop a blockchain-based investment and personal finance platform” and will use tools from tZERO and integrate with blockchain firm Figure to offer services such as mortgages and renovation loans. Indeed, mergers, acquisitions, and strategic partnerships are alive and well, ranging from branches moving to talk of more head ...

Investment Rating - The report does not explicitly provide an investment rating for the transport resilience sector, but emphasizes the critical need for investment prioritization and resource allocation to enhance road network resilience against climate hazards [17][18]. Core Insights - Road networks are essential for economic growth and social well-being, but they face increasing risks from aging infrastructure and climate change, necessitating adaptation investments projected to exceed hundreds of billions annually by 2030 [17][18]. - Effective transport resilience analysis has evolved into practical, scalable approaches that can be applied even in data-limited contexts, focusing on multidimensional risks at asset, system, and user levels [18][19]. - The report identifies two key analytical tools: the Global Resilience Index (GRI) for rapid vulnerability assessments and the Hazard & Risk Multi-Regional Assessment (HARMA) for in-depth economic analysis of climate impacts on transport networks [21][22]. Summary by Sections Executive Summary - The report highlights the increasing vulnerability of road networks to climate hazards and the urgent need for strategic investment in resilience measures [17][18]. - It outlines a common sequence of analytical steps for transport resilience assessments, emphasizing the importance of integrating economic analysis into prioritization efforts [19][20]. Resilience Assessment Methodology and Tools - The methodology for resilience assessments includes defining the scope, identifying climate hazards, and employing a five-step analytical framework: mapping exposure, assessing vulnerability, analyzing system criticality, identifying resilience measures, and conducting economic analysis [40][41][49][55]. - The GRI and HARMA models are presented as effective tools for conducting resilience assessments, with GRI focusing on rapid screening and HARMA providing detailed economic evaluations [56][58]. Case Studies - The report includes case studies from the Kyrgyz Republic, Nigeria, Pakistan, Brazil, and Malawi, showcasing practical applications of resilience analysis tools and their impact on investment prioritization and infrastructure planning [64][66][68]. - In the Kyrgyz Republic, a GRI application identified high-risk corridors for intervention, while Nigeria's assessment estimated significant repair costs from flooding, highlighting the need for targeted resilience investments [65][82]. - Pakistan's HARMA application demonstrated the tool's capability to assess network criticality and prioritize investments based on climate risks, while Brazil's integration of resilience analysis into operational processes exemplified effective implementation [66][67].

PME, a Dutch pension fund overseeing about $70 billion, has severed ties with BlackRock based on an assessment that the world’s largest money manager no longer acts in its best interests on issues such as climate risk https://t.co/gSZdRQviCh ...

Zillow’s climate risk scores have disappeared from home listings, but the risks are very real and more climate stories on Green Daily https://t.co/NeuYBBTNto ...

Zillow has deleted climate risk scores from US home listings. That means less information for buyers — but research raises doubts about the accuracy of such predictions https://t.co/IvOhMtEXOb ...

Amundi says it’s expecting to see more inflows as a result of what it describes as ongoing adjustments in institutional mandates triggered by a growing desire to manage climate risk https://t.co/bRqim26xZo ...

Core Viewpoint - The New York City Comptroller has expressed significant concerns regarding BlackRock's approach to engaging with public companies, particularly in relation to climate risk and decarbonization strategies [1][4]. Group 1: Asset Managers' Performance - BlackRock is the largest asset manager for New York City's pension funds, managing $42.3 billion across three pension plans [2]. - The Comptroller reported that 46 out of 49 public market managers are aligned with the city's decarbonization expectations, while BlackRock, Fidelity, and PanAgora are not [2]. - Lander indicated that the three asset managers failed to adequately address climate risk, which is essential for the long-term value of the pension funds [2][3]. Group 2: Recommendations for Change - Lander recommended that the city's pension funds terminate their relationships with BlackRock, Fidelity, and PanAgora due to their failure to meet climate expectations [4][7]. - The Comptroller suggested issuing a search notice for new managers to handle BlackRock's U.S. public equity index mandates to better align with climate expectations [5]. - Fidelity's restrictive engagement approach and PanAgora's limited focus on emissions disclosures were cited as reasons for their recommended termination [8]. Group 3: BlackRock's Response - BlackRock responded to the Comptroller's recommendations by stating that the accusations of abdicating financial duty are politically motivated and undermine retirement security [6]. - The firm mentioned that it has begun allowing clients to opt into its Climate and Decarbonization Stewardship strategy, although it will not proactively engage with U.S. companies [5].

Meet the climate risk engineers who prepare companies before disaster hits in today's Green Daily newsletter https://t.co/6vDW018iC0 ...

Core Insights - A significant trend has emerged where more Americans are relocating away from high flood-risk areas, with nearly 30,000 people moving to safer locations in the past year, marking the first net outflow since 2019 [2][3] - Low-risk flood counties have seen a net influx of just under 36,000 residents, indicating a shift in domestic migration patterns towards safer environments [2][3] Migration Trends - Redfin's analysis highlights that counties with the highest flood risk, where 23.7% to 99% of homes are at risk, are experiencing more residents leaving than moving in [3][7] - The largest population losses were recorded in Miami-Dade County, Florida, with over 67,000 residents leaving, followed by Harris County, Texas, and Kings County, New York, each losing around 30,000 residents [4][8] Economic Implications - Homeowners in flood-prone areas face rising insurance premiums and potential declines in property values, which can deter buyers and affect resale demand [5][7] - A Miami-area real estate agent reported that homeowners insurance and flood insurance costs have surged significantly, from $2,000 and $400 to $6,700 and $1,250 respectively, contributing to the outflow of residents [9] Demographic Shifts - The counties with the largest domestic exoduses are located in states such as Florida, Texas, New York, New Jersey, Louisiana, Virginia, and Alaska, reflecting a broader trend influenced by climate risks and economic factors [4][8] - Hudson County, New Jersey, experienced a loss of 12,735 residents, while other counties around New Orleans and along the Texas-Mexico border also reported significant outflows [8][9] Public Sentiment - Surveys indicate that 80% of Americans consider climate risks when house hunting, although fewer actively seek homes in lower-risk areas, suggesting a complex relationship between awareness and decision-making [11]

Core Insights - Flood-prone areas in the U.S. are experiencing a net outflow of residents for the first time since 2019, with high-flood-risk counties losing 29,027 more residents than they gained last year [1][2][4] Migration Trends - Major cities in coastal Florida, Texas, New York, and Louisiana are significant contributors to the national net outflow, with Miami-Dade County seeing the largest net outflow of 67,418 residents [2][3] - Harris County, TX (Houston) and Kings County, NY (Brooklyn) follow with net outflows of 31,165 and 28,158 respectively [2] - The trend of outflows has accelerated in some counties, notably Miami, which saw its net outflow increase from 50,637 in 2023 to 67,418 in 2024 [3] Factors Influencing Migration - High housing costs, climate risks, rising insurance premiums, and political factors are driving residents away from flood-prone areas [5][6] - In Miami, insurance premiums have surged, with homeowner's insurance rising from less than $2,000 to $6,700 in two years, and flood insurance increasing from around $400 to $1,250 [6] Local Impacts - Pinellas County, FL, experienced its first net outflow in many years, exacerbated by Hurricane Helene, which caused an estimated $93 million in damage [7][8] - Harris County faces multiple climate risks, including extreme heat, with 100% of homes at risk, contributing to the outflow of residents [9][10] Population Dynamics - Despite domestic outflows, many flood-prone areas continue to see overall population growth due to immigration, with Miami-Dade County's population increasing by 2.3% in 2024 [15][16] - The influx of immigrants has been affected by stricter immigration enforcement, which may impact future population trends in these areas [16] Comparative Analysis - Among the 310 high-flood-risk counties analyzed, 132 saw more people move out than in, while 178 experienced net inflows, particularly in Texas and Florida [12] - St. Johns County, FL, and Fort Bend County, TX, reported the largest net inflows of 11,661 and 10,467 respectively, indicating that affordability may play a role in migration patterns [13][14]