Share of investments that are categorised as high risk based on the climate risk identification methodology used by the vehicle (eg IPCC SSP5-8.5, Climate explorer, etc.). Climate-related physical hazards may include extreme weather events such as heatwaves, heavy rain, drought and associated wildfires, coastal flooding (Source: IPCC report). Please specify in the comment box how the assessment was conducted. If not assessed, please provide the reason in the comment box.
ESG SDDS Wiring-Guide
Proportion of assets that are at high risk, in any category, from climate-related physical hazards (% of AUM)
Topic: Climate Change - Physical Risks |
Field Level: Vehicle |
Label: cc_physical_risks_assets_high_risk_category_climate_related_physical_hazards_percentage_aum |
Indicator ID: ESG3.4.2.2
Industry Mapping: GRESB Real Estate Standard and Reference Guide (2025), CRREM V2 (2024), CSRD, IFRS S2 Climate-related Disclosures, TCFD (2021), RICS ESG data list for real estate valuations (2024)
Definition:
Additional Guidance:
"Follow the same methodology, thresholds, and disclosure principles described in ESG3.4.2.
Note 1: A significant share of AUM in high-risk zones indicates material exposure to climate hazards. Where insurance costs are rising or adaptation measures are absent, investors may apply valuation discounts, assume higher capex, or question the resilience of the portfolio.
This indicator is one of the six environmental factors considered most relevant for underwriting (see INREV (2025) Integrating environmental considerations in real estate underwriting paper)."
| Data Type | Double |
| Values | 0.00 - 100.00 % |
| Example | 50.00 % |
| Reference Field | Asset data - Based on the data provided in AL6.1 (Average climate-related physical risks (low/medium/high)) divided by AL1.18 (Market value at the end of the period) |
| INREV Guideline ID | ENV23 - Required KPI |
| INREV Index reference | - |
| External reference | - |
| GDD reference | - |