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
| Aug 9, 2012
ClickSafety, AGC provide online training program for construction professionals
Construction professionals will be able to take a wide range of mandatory and optional safety training programs online through a new collaboration between the Associated General Contractors of America and ClickSafety.
| Aug 9, 2012
Tornado-ravaged Greensburg, Kansas’s new green buildings save $200K a year
The town of Greensburg, Kan., virtually destroyed by a tornado in 2007, decided to rebuild 13 public buildings according to green standards.
| Aug 2, 2012
FBI investigates Turner, Tishman, Skanska, and Plaza Construction for billing practices on public projects in New York
After charges filed against Bovis Lend Lease in April led to an admission of guilt and $56 million in fines for overbilling clients, federal prosecutors are investigating the billing practices of four more New York City construction firms, according to reports.
| Aug 2, 2012
Court ruling may lead to more destructive testing on unfinished Harmon Tower in Las Vegas
A Clark County, Nevada district court judge ruled that the unfinished Harmon Hotel at CityCenter, operated and half-owned by MGM Resorts, could not use extrapolation when requesting damages at a possible trial.
| Aug 2, 2012
NIBS council recommends private and public measures to improve building sustainability
A new report by the National Institute of Building Sciences Consultative Council highlights four several areas that need focus to improve sustainability in buildings and infrastructure.
| Aug 2, 2012
Greenbuild summit will focus on greening affordable housing
A two-day summit focused on green building in the affordable housing market will be held Nov. 13 - 14, 2012 in San Francisco, Calif. at the Greenbuild International Conference & Expo.
| Aug 2, 2012
More than 250 downtown El Paso, Texas buildings don’t meet safety codes, says city’s fire department
A total of 726 buildings were inspected for unsafe conditions, and 266 did not meet safety codes, while 112 buildings were found to be vacant and needed further inspection.
| Jul 26, 2012
Wisconsin may establish stormwater storage requirement for green roofs
Green roofs and other green infrastructure would be required to capture stormwater under a draft state wastewater discharge permit from the Milwaukee Metropolitan Sewerage District.
| Jul 26, 2012
SouthPark Mall in Charlotte reopens after heavy rains collapse part of its roof
Code enforcement officials in Charlotte, NC gave the okay for the SouthPark Mall to reopen after two parts of its roof collapsed following heavy rains last week.
| Jul 26, 2012
New NRCA photovoltaic roof systems guidelines released
The National Roofing Contractors Association’s update of its Guidelines for Roof Systems With Rooftop Photovoltaic Components is now available.
