Mike Williams On Scaling Real Estate Resilience

What's the investment case for climate resilience?

It's a question asked time and again here at Climate Proofers — and it's an important one. After all, if institutions can't be stirred to harden their climate defenses, the consequences will be costly: economically, financially, and societally.

It's also a question that Mike Williams, President of ClimateFirst, has bet his career on answering. With his company, ClimateFirst, he's gone all-in on quantifying climate risks to buildings and producing resiliency plans to mitigate against them.

In this episode, Mike shares how a decades-long engineering career provided a front-row seat to the emerging climate risk and resilience challenge, and explains how this inspired him to develop a scalable software solution to help real estate investors and owners take it on.

We also unpack ClimateFirst's first-of-a-kind case study, which illustrates the wisdom of investing in resilience at the building level. Mike walks us through his team's analysis of a single multifamily building "cloned" across nine US locations — each exposed to different hazards from extreme heat to flooding to hurricane-force winds. The results show that location is everything, with projected 10-year losses ranging from $70,000 to nearly $5mn for this identical asset.

He then shares the adaptive measures that can materially reduce these losses — without breaking the bank.

For all those in or around the real estate investment space — and indeed, all those interested in quantifying climate risk and resilience — this is the episode for you.

🔗 Read Investing in Resilience: Making Physical Climate Risk a Financial Priority for Real Estate HERE

📖 Read more ClimateFirst resources HERE