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May 4, 2021
Climate-risk data. What's out there? How are we using it?
Deep dive discussion among peers and experts to understand the landscape of available climate-related risk data and its quality. We ask, what’s out there – is it worth checking out? And once you pick your provider, what then? Through case study review of providers, and closed-door whole room conversation among members, we highlight how firms are using climate-risk data, what stage of the process they are at, and the compromises you have to make with all data.
11am: Welcome comments
Chair of the NAREIM Sustainability Committee: Mona Benisi, Global Head of Sustainability Real Assets, Morgan Stanley Real Estate Investing.
11.05am: Meet the providers. Three providers, three slides, 10-mins
Three climate-risk data providers discuss their models, their assumptions and their business plans.
Etienne Cadestin, Founder and Global CEO, Longevity Partners
Ken O'Brien, Executive Director, Real Estate, MSCI
Rohan Hamden, CEO, XDI
Members gain valuable insights into the differences of each, learning:
Provider approaches physical risk, transitional and physical risk, regulatory risk and hazards
Provider approaches to what is included in their models, and what is not
Key questions to ask providers about models, assumptions and results
For members and managers only.
12pm: Poll: Who are you using? How long is the contract for?
Live poll to understand the key service providers members are using in relation to climate-risk data - and how long the contracts are for?
12.10pm: What does it all mean? How are managers using climate-risk data in their firms?
Whole room discussion focused on:
Goals: Why are you using climate-risk data? Is the data required for due diligence, or portfolio management and construction strategies? How do you use climate-risk data for value-add investing, vs core investing?
Analysis: Is the data even good enough?
Reporting: How do you communicate the data to the team, investors and C-suite.
Action and execution: What makes the data a success? Who uses and owns the data/application of the data in the investment process?
1pm: Morning session concludes. Lunch
ESG benchmarking — of your teams, process and operations
NAREIM members conduct live polling and breakout group discussion to understand how peers are executing on ESG strategies within their organizations — and what the teams, resources, process and policies look like to create the best environment for ESG to be a success for the firm, irrespective of size, scale or maturity.
2pm: Welcome comments
2.05pm: Setting the scene: What does the ESG landscape look like within real estate investment management?
Industry peer-group analysis: Mona Benisi, Global Head of Sustainability Real Assets, Morgan Stanley Real Estate Investing.
2.20pm: What does your team and process look like?
Live polling of attendees and feedback discussion.
2.30pm: Whole room case study and Q&A: What does ESG look like across the maturity curve?
Real estate investment management case studies highlighting the challenges and successes of their ESG evolution and strategy; their commitments and targets; how they work and incentivize JV partners; the resources they have at their disposal - and how those resources shape what they can, and cannot, execute upon. Managers will also answer questions on reporting and business integration and process.
Each manager will outline their evolution and approach through short 7-min presentations to members, followed by open Q&A.
Jill Brosig, Chief Impact Officer, Harrison Street Real Estate (Sector focus: Senior living and student housing)
Hannah Tillmann, Vice President, Sustainability, Berkshire Residential (Sector focus: Multifamily)
Anne Peck, Head of Architecture & Engineering, AEW Capital Management (Sector focus: Diversified)
Ying Yu, Senior Vice President, ESG & Sustainability, Prologis (Sector focus: Industrial)
3.30pm: Breakout room discussion and reporting back
In breakout groups, members discuss the key challenges and priorities they are working on and dig deep into the real-time solutions and best practices. Each breakout group leader will take notes and report on their roundtable conversations in a whole room feedback round after the breakout session. Each breakout group will be limited to 6 people. Video is highly recommended.
4pm: Concluding remarks
2021 committee members
Chair: Mona Benisi, Morgan Stanley Real Estate Investing
Co-chair: Jill Brosig, Harrison Street Real Estate
Co-chair: Uma Pattarkine, CenterSquare Investment Management
Anne Peck, AEW Capital Management
Thomas Rucker & Hannah Tillmann, Berkshire Residential Investments
Rachel Woolf, Blue Vista Capital Partners
Harris Cohn, Carbon Lighthouse
Elena Alschuler, LaSalle Investment Management
Mark Vollmer, New York Life Real Estate Investors
Jessica Long & Nichole Wiley, Nuveen Real Estate
Bob Geiger & Tony Liou, Partner Engineering and Science
Arielle Birenberg, Stockbridge Capital Group
June Munshi, The CenterCap Group
Alexander Hlavacek, The Inland Real Estate Group
Thomas Enger, UBS Real Estate