Climate change should be considered a new core aspect of creditworthiness when...

CNN Climate 1 year ago

Climate change should be considered a new core aspect of creditworthiness when prospective home buyers apply for a mortgage, a new report suggests. The analysis from the climate risk financial modeling firm First Street is a groundbreaking nationwide look at the ties between the growing risks from extreme weather such as floods and wildfires, and a long-suspected spike in mortgage defaults in hard-hit areas. It finds that lenders and borrowers are exposed to more financial risk than they are aware of because current ways of determining creditworthiness leave out exposure to climate disasters as a factor. If climate risk were to be taken into account by lenders — which the analysis shows may be increasingly necessary as climate change worsens the severity and frequency of certain extreme weather events — then the next time someone goes to get a home loan their credit score could be knocked down (or adjusted upward) due to their climate risk exposure. Win McNamee/Getty Images 📸 : Tap the link in bio for more.

layersDaily Sustainability Digest

Published about 3 hours ago



Sustainable construction is moving from exemplar projects to market-wide system design, with clean steel emerging as a critical test for whole life carbon policy. A new study suggests the global shift to low-carbon steel could be achieved without raising consumer costs through a revenue-neutral policy model, strengthening the case for low embodied carbon materials in mainstream procurement.

For contractors, developers and public clients, the issue is no longer whether green building materials can perform, but how governments can de-risk low carbon construction materials, reduce the carbon footprint of construction and support net zero whole life carbon targets without shielding high-emission incumbents.

The UK retrofit agenda is becoming central to environmental sustainability in construction. The National Retrofit Hub’s call for a stronger framework comes as electricity and gas prices begin to decouple, improving the life cycle cost case for heat pumps, energy-efficient buildings and electrified homes.

Retrofit policy now needs consistent standards, skilled delivery capacity and consumer protection, backed by whole life carbon assessment, lifecycle assessment and better evidence on building lifecycle performance. Public support for requiring data centres to share waste heat with nearby homes signals a shift in sustainable urban development, treating rejected heat as green infrastructure rather than waste.

Climate adaptation is also reshaping sustainable building practices. GRAHAM’s appointment to deliver the Oxford Flood Alleviation Scheme highlights rising investment in resilience, while reports of roads melting in eastern England expose the environmental impact of construction decisions based on historic weather assumptions.

The built environment is being asked to cut embodied carbon in materials while improving durability against heat, flooding and infrastructure stress. The strongest response will combine sustainable building design, low carbon design, circular economy in construction, sustainable material specification, environmental product declarations (EPDs) and end-of-life reuse in construction. BREEAM, BREEAM v7 and other performance frameworks are likely to play a growing role as clients demand net zero carbon buildings, resource efficiency in construction and credible carbon footprint reduction across the full asset lifecycle.

Show More

camera_altFeatured Instagram Posts:

Get your opinion heard:

Whole Life Carbon is a platform for the entire construction industry—both in the UK and internationally. We track the latest publications, debates, and events related to whole life guidance and sustainability. If you have any enquiries or opinions to share, please do get in touch.

Let's chat!
Avatar

WLC Assistant

Ask me about sustainability

Hi! I'm your Whole Life Carbon assistant. I can help you learn about sustainability, carbon assessment, and navigate our resources. How can I help you today?