BUILDING RESILIENCE Physical Risk Type Primary Risk Driver Potential Impacts Timeline Potential Mitigation Measures Chronic Risks Heat Stress Extreme heat conditions • Reduce employee and tenant productivity (e.g. heat illness, worsened health risks from chronic conditions) • Increase in operation costs (e.g. increase in cooling demand leading to higher electricity costs) Short- to long- term • Identify opportunities to improve cooling efficiency and/ or capital upgrades, building commissioning, and operating procedures Precipitation Stress More evaporation and transpiration due to warmer temperatures result in more moisture in the air • Increase in asset structural damage (e.g. mould growth) • Increase in insurance premiums • Increase in operation and repair costs Short- to long- term • Regular checks to ensure that roof structures are able to withstand heavy rain and snow loads • Emergency management planning Subsidence Prolonged water exposure due to flooding and/or sea level rise • Increase in asset structural damage • Increase in insurance premiums and deductibles • Increase in operation (e.g. business interruptions) and repair costs (e.g. structural repairs) Short- to long- term • Regular site assessments for signs of subsidence • Ensure proper grading around buildings’ foundation Water scarcity Changes in precipitation patterns such as longer dry spells, more intense but less frequent rainfalls • Increase in operation costs (e.g. higher water utility bills, increased costs for waterefficient retrofits) Short- to long- term • Maximise operational efficiencies while minimising consumption through practices such as water audits and installing low-flow appliances and faucets, and minimising landscaping water requirements, where applicable Fire Weather Stress Atmospheric conditions (e.g. temperature, wind, precipitation, and relative humidity) may worsen the effects of wildfires • Increase in asset structural damage • Reduced air quality, affecting occupants’ health • Increase in operation costs (e.g. business interruptions) Short- to long- term • Fire-resistant building materials • On-site emergency water supply • High-efficiency air filters to protect indoor air quality Drought Stress Long periods of no to low rainfall • Increase in operation costs (e.g. increased costs due to reduced water supply) Short- to long- term • Maximise operational efficiencies while minimising consumption through practices such as water audits and installing low-flow appliances and faucets, and minimising landscaping water requirements, where applicable / 16 / EXPANDING HORIZONS
RkJQdWJsaXNoZXIy NTM2MDQ5