Climate Solutions in Real Estate: Tackling Risk, Affordability, and Insurance
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In this episode of the Propcast, Louisa is joined by John Rogers, Chief Innovation Officer for CoreLogic and Kirby Brendsel, Flagstar Bank’s VP, Environmental, Social, & Governance (ESG) and Sustainability Director, where they discuss all things climate and housing affordability, and the solutions that are out there to help solve the issues!  John and Kirby explained the importance of providing data and analytics around climate risk to allow companies to measure the financial impact of climate change up to the year 2050, thus helping companies, cities, and governments to put in place mitigation plans.    Tune into this episode to hear more about how climate solutions can help with mitigation, housing affordability and insurance, and how our guest’s collaboration create a rising tide that lifts all ships.    Companies mentioned  New York Communities Corp Inc  IBM  Deloitte   LMRE’S 2023 Salary Report  IPCC    Episode Highlights  My big advice for anyone would be that if you're passionate; follow your passion, go for the things that you want to do, or things that you can make a difference on, even on a small scale related to sustainability. – Kirby  We provided something called ‘climate risk analytics’ which is an insight that allows companies to measure model and mitigate the financial impact of climate change – John   It’s all about using data, improving your data, and capturing your data to make sound strategic decisions that helps you drive things forward – Kirby   The chef scientist of NASA said to us that he’d never expected to get to this level of granularity in his lifetime – John     Key Takeaways   How Flagstar and CoreLogic are working together to help address the issue of climate change and housing affordability  John explains the ‘average annual loss’ which CoreLogic provides that is a ratio of a building’s risk in terms of reconstruction costs, allowing companies to understand their financial risk  Kirby explains how important the use of data is in making strategic decisions around climate and sustainability  The opportunity in cities that have a high climate risk to use CoreLogic’s analytics platform  The guests discuss the importance of educating people on the long term impact of climate change  John discusses how the needs of CoreLogic’s customers change and how they accommodate for this    About our guests  John Rogers   John Rogers holds the role of Chief Innovation Officer for CoreLogic and is responsible for the R&D. From driving new solutions that understand the impacts to the real estate economy due to climate change, to ground-breaking models that identify suitable land for affordable housing development, the R&D group tackles major housing issues and works with many clients across the housing industry to drive growth and mitigate risk on their book of business.     Prior to joining CoreLogic, John was a Partner with IBM Global Business Services where he focused on the delivery of large multi-million transformational programs for the financial sector both in the United Kingdom and Australia. Prior to this, John worked as a consultant for Itim Consulting, a boutique management firm based in London. John’s primary role was as a program manager on a number of assignments delivering global solutions within retail, pharmaceuticals, logistics and information services industries.   John earned a bachelor’s degree from University of Glasgow, United Kingdom in Aerospace Engineering.      Company Summary: CoreLogic   CoreLogic is a leading provider of property insights and innovative solutions, working to transform the property industry by putting people first. Using its network, scale, connectivity and technology, CoreLogic delivers faster, smarter, more human-centered experiences, that build
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