Extreme weather events, such as heat waves, droughts or floods, have occurred globally this summer.
Reporting by Diane Hoskins for CNN Business Perspectives
For years, we have been witnessing rising sea levels and extreme weather events around us that threaten real estate portfolios.
The profound effects of climate change on us are and will continue to be profound as regards human life.
The only solution is practical, immediate action.
Carbon-neutral declarations, science-based goals, and promises in international fora like the United Nations Climate Change Conference will not be quite enough.
Commercial buildings traditionally utilise concrete and steel to build buildings, along with others often used on carbon-intensive materials such as foam insulation, plastics and aluminium.
And, because almost 75% of all raw material in the US is used to build buildings, the deliberate decisions made when we buy, build; and complete our development projects will ultimately have a lasting impact on the environment as much as possible.