Three Texas cities lead YardiMatrix’s list of U.S. metro areas with the most environmental risk.
Houston, Austin, and Dallas all received low scores in the firm’s recent ESG report, in the categories of “natural disasters” and “government response.” The analysis included the February 2021 winter storms that claimed 150 lives statewide, and yielded power, food, and water shortages, affecting more than 4.5 million residents. Property damages exceeded $20 billion because of the freakish winter weather.
After the three Texas cities, Tampa and Los Angeles were next on the list of the riskiest U.S. metros. Four cities had the least environmental risk: Boston, Indianapolis, Minneapolis, and Portland. The least risky cities were in states that are taking environmental risk seriously.
Concerns about financial firms’ ability to assess environmental risk has spawned a new industry of consultants that analyze environmental data examine the impact on markets and individual buildings. This field will acquire better data and metrics as it matures, the report says.
Related Stories
| Sep 20, 2012
Smithtown, N.Y. considers bigger fines for building code violations
After a Suffolk County grand jury recommended stiffer fines for illegal demolitions, Smithtown, NY officials are weighing tougher penalties for developers who violate the town building code.
| Sep 20, 2012
AGC awarded federal grant to provide fall-protection safety program
The Associated General Contractors of America will continue to provide fall protection safety training next year after being awarded a federal safety grant.
| Sep 20, 2012
East Lansing officials accused of ignoring unauthorized project that led to partial building collapse
The unauthorized construction of a fifth-floor penthouse on a downtown East Lansing, Mich. mixed-use development led to a partial building collapse earlier this year.
| Sep 20, 2012
Reflective roofs could reduce rainfall in Arizona
Green standards may have to take into account the impact of reflective roofs on rainfall in the desert Southwest.
| Sep 20, 2012
Earth Advantage Institute offers green certification for small commercial buildings
Earth Advantage Institute announced a new green building certification aimed at new or substantially remodeled small commercial buildings built to green standards.
| Sep 14, 2012
To create more pedestrian-friendly neighborhoods, Chicago unveils safety plan
As more urban mixed-use and residential developments aim to encourage residents to walk and use mass transit, cities are addressing pedestrian safety.
| Sep 14, 2012
Worker killed in Brooklyn building collapse; overloaded floor decking blamed
One worker was killed after he and others plunged 40 feet through an unfinished upscale Brooklyn townhouse building.
| Sep 14, 2012
NRCA University offers photovoltaic class
NRCA University will offer a class called “Photovoltaic Roof Systems: Energizing Your Business” Oct. 16 in Philadelphia.
| Sep 14, 2012
Costa Rica’s strict building codes prevent major damage in powerful quake
The relatively little damage from a 7.6 earthquake was due in large part to strict building codes in Costa Rica, a country that has long enjoyed more stability, better governance, and stronger economic development than many of its Central American neighbors.
| Sep 14, 2012
Building codes should require continuous connection from roof to foundation, says IBHS chief
“One of the most effective ways to greatly increase a building’s strength and safety during hurricanes, tornadoes and straight-line windstorms is to be sure the building is tied together properly,” says Julie Rochman, president and CEO of the Insurance Institute for Business & Home Safety (IBHS).
