Climate Risk & Resilience
Understanding both physical and transition risks is essential to our operations and remains a core element of how we consider the risks of potential assets, manage existing assets, and plan for lasting operational resilience. Our approach integrates climate risk analyses, asset-level resilience evaluations, and enterprise-wide risk oversight to help our portfolio remain well positioned with resilience planning also supported by both proven solutions and emerging technologies. Diligence on certain potential real estate assets includes a desktop physical climate risk analysis that evaluates exposure across 2030- and 2050-time horizons under moderate and high emissions scenarios. We may also pair these insights with third-party onsite assessments of each building’s resilience features depending on the level of risk identified by the desktop risk analysis. These findings are incorporated into diligence materials and help inform how we think about the risks before acquiring an asset. Our teams conduct multiple physical climate risk assessments across the portfolio, including desktop screening at acquisition, onsite reviews, operational assessments during ownership, and annual portfolio level analyses. These site-based reviews evaluate topography, access points, evidence of past high risk weather events, and the performance of existing resilience measures. We also conducted APAC, US, and EU portfolio-wide climate risk analyses in 2025 and reviewed the summary results with the Operational Risk teams to help inform portfolio-level planning. While year-over-year changes in modeled climate risk remain relatively stable, given long-term climate projections and limited shifts in geographic exposure, these assessments continue to provide a consistent baseline for monitoring risk and informing decision making. In response to the findings from these assessments, we expanded climate risk training for certain team members, made updates to emergency response procedures, enhanced flood response planning at higher risk assets, and conducted resiliency assessments at select European assets to identify mitigation measures.
Alongside physical risks, we evaluate exposure to transition risks, including evolving regulatory expectations. This includes assessing an asset’s carbon intensity relative to the Carbon Risk Real Estate Monitor (CRREM) decarbonization pathways, identifying emerging building performance standards, and evaluating opportunities for renewable energy procurement, green building certifications, and cost-effective decarbonization measures. To support ongoing improvement, Greystar actively participates in CRREM’s European Regional Committee, contributing practical insights to strengthen the framework’s applicability and support the integration of multifamily and student accommodation in its pathways. Risk Management & Operational Risk Our Risk Management and Operational Risk teams remain central to this work. They oversee Greystar’s global risk management infrastructure, monitor significant weather events across regions, and support emergency response preparedness. At the end of the year, the Risk team also partnered with our insurance partner to complete a climate peril analysis, including average annual loss assessments by peril, to inform our 2026 insurance coverage. In partnership with external insurance advisors, these teams lead oversight of our Master Insurance Programs (MIPs) in North America, Europe, and APAC monitoring exposure across a range of weather-related hazards to help ensure that insurance coverage remains aligned with evolving risks. More detail on our climate governance, risk, and strategy can be found in our 2025 TCFD aligned Climate Report.
Album Mansfield | Mansfield, Texas
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