Implementing Net Zero in Commercial Real Estate
In this webinar, we will discuss the transition risk of climate change for the CRE sector as regulators around the world increasingly seek to reduce carbon emissions. We will demonstrate possible steps which owners and lenders can take to assess energy performance and reduce carbon emissions of CRE buildings and portfolios through various retrofit options. We will also show that the energy efficiency benefits of these retrofits may sometimes outweigh the credit risk associated with the financial costs of the retrofits. Conducting such assessments informs forward-looking risk management as the push for net zero continues to gain momentum.
- As nations move more rapidly to implement environmental regulations to combat climate change, building owners and lenders are in increasing need of exploring retrofit options to reduce carbon emissions.
- Depending on financing and leasing structures, the energy efficient benefits resulting from these retrofits may outweigh the credit risk associated with the financial costs.
- The impact assessments of energy efficiency options allow CRE lenders and investors to preemptively stay ahead of shifting consumer preferences and emissions regulations.
If you have any questions about this webinar, contact us here.
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SpeakersHewson Baltzell President & Chief Operating Officer Helios Exchange
Eric Bao Director-Research Moody's Analytics
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Hewson Baltzell is President, COO and initial investor in Helios Exchange, a SaaS business focused on energy efficiency in commercial buildings that has significant potential for reducing carbon emissions. Helios is the world's first commercial real estate platform for energy retrofit project development, insurance, and financing, with analysis of 315,000 commercial properties in North America and Europe.
He is also on the planning team at OS-Climate, an initiative under the Linux Foundation to create an open-source data and application development community to bring more and better climate data and analytics to institutional investors, regulators, and the public at large.
Having co-founded what is now MSCI ESG Research, Hewson spent 17 years building the dominant firm in the environmental, social and governance research field, from a 2-person start-up in 1998 (Innovest). He and his team conceived and built the rating models, carbon estimation models and many of MSCI’s current products. The ESG unit now has 300 employees, over 1,000 clients, research on over 9,000 equities, 250,000 bonds, and 35,000 mutual funds and ETFs, covering over 1.6 million securities, and revenue of $100 million.
Hewson was on the Board and Audit Committee of the Global Impact Investing Network for 7 years through December 2018 and has been on the Standards Advisory Council (the rating committee) of B-Lab for over 9 years.
Hewson recently spent a year as CEO of the Sorenson Impact Center at the University of Utah’s David Eccles School of Business. Founded and endowed by Jim Sorenson, an entrepreneur and early impact investor, the Center has 30 full time staff and 60 interns and focuses on managing an early-stage impact investing fund, on helping to solve social issues through data analytics and innovative financing structures, and on education through intern programs, impact-related courses, executive education, and the annual Winter Innovation Summit.
Prior to Innovest, Hewson spent 12 years in real estate finance at JPMorgan, Lehman Brothers and private investment companies. He has an MBA in Finance from Wharton and a BA in International Relations from the University of Pennsylvania.
See details about companies, non-profits, and other initiatives at www.hewsonbaltzell.com