C Change Case Studies: Transition Risk Assessment Guidelines
Q&As on experiences with the guidelines
Case Study Summary: ULI’s C Change programme identified the lack of a common industry methodology to quantify and embed transition risks in property valuations as a critical barrier in decarbonising the built environment. As a response to this, ULI published the Transition Risk Assessment Guidelines in June 2023, aiming to standardise the treatment and disclosure of transition risks up and down the value chain of real estate investment. However, the guidelines will only help break down this barrier if they become standard practice within the sector. To encourage their adoption at scale, ULI is working with its members to pilot the guidelines on their real assets and share the results in a series of case studies, with the aim of demonstrating to the industry how the guidelines can be applied and how they support the business case for decarbonisation of a wider range of buildings.
C Change Case Studies
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Q&A on the guidelines with Catella Investment Management
This case study outlines Catella Investment Management's approach to applying the guidelines to a residential development in France, enhanced by an in-house tool that consolidates asset-specific material transition risks and supports investment decision-making.
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Q&A on the guidelines with Hines
This case study explores Hines' experience of using the guidelines to assess an office building in Amsterdam. Constructed in 1981 and facing elevated stranding risk, the building is subject to an extensive refurbishment programme.
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Q&A on the guidelines with Savills Investment Management
This case study focuses on Savills Investment Management’s experience of using the guidelines to assess a multi-tenanted office building in central London, which was built in 2008 and acquired in 2010, and is due to undergo a complete refurbishment programme.
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