$1T Worth of Boston Homes in Danger of Wind Damage
It’s not just flooding you have to worry about: Huge numbers of Boston-area homes could be damaged by high winds in storms made worse by climate change.
It’s not just flooding you have to worry about: Huge numbers of Boston-area homes could be damaged by high winds in storms made worse by climate change.
Intense competition to buy homes may be overriding any concerns buyers might have about climate-driven property risks in Massachusetts. But homes’ climate change adaptations are starting to become selling points.
The primary objective of financial regulatory authorities generally is to maintain the safety and soundness of banks and the financial system. How, then, do regulators incorporate climate change risks into their work?
Environmental, social and corporate governance topics have become key concerns for investors and donors, said John Traynor, the executive vice president and chief investment officer at People’s United Bank, a concern that he has recently seen gaining momentum.