Extreme weather events are on the rise, which is accentuating the vulnerability of existing infrastructure. By and large, existing buildings were not constructed for the changing climate conditions and are at risk for damage, equipment failures, tenant displacement, and loss of business continuity. The paper provides an overview of how climatic events impact buildings and what building owners and managers can do to protect their assets.
New tools and guidelines can support building owners in tackling this challenge. A global leader in risk management and sustainability, DNV has developed the B-READY building resilience assessment tool, which provides a holistic assessment of building resilience. It considers all aspects of the building, including the social resilience of the occupants. The tool helps building owners pinpoint risks in their buildings related to changing climate conditions and identify practical, cost-effective strategies that lower their risk profile and preserve the value of their assets.