News / From the associates

The white paper developed by COIMA in collaboration with IUAV University analyzes the growing impact of climate change on the real estate sector and urban development. Phenomena such as rising temperatures, flooding, and extreme weather events directly affect the value, safety, and performance of assets; climate resilience therefore emerges as a strategic component not only for protecting investments but also for ensuring the competitiveness and livability of cities. Climate risk is already influencing market dynamics, operating costs, access to credit, and real estate valuations, making a structured and proactive approach necessary—one that integrates mitigation and adaptation into development and management strategies.

A central element of the analysis is the Climate Risk and Vulnerability Assessment (CRVA), a methodology used as an operational tool to map and assess climate risks throughout the entire real estate lifecycle. The approach adopted combines climate projections, urban morphological data, and socioeconomic indicators, integrating key variables such as temperature, precipitation, wind, and flood risk to translate them into concrete vulnerabilities of assets and urban contexts. The methodology, applied using a multi-scale approach (urban, neighborhood, and individual asset), supports investment, design, and management decisions by providing a replicable framework to anticipate risks, define intervention priorities, and monitor the effectiveness of adopted measures over time.

The study includes application case studies in the city of Milan, demonstrating how the integration of CRVA into decision-making processes can concretely steer real estate development toward more resilient models. Climate-informed design—through technical solutions, green infrastructure, and adaptation strategies—enables the reduction of risks, the improvement of asset performance, and the generation of long-term value. Looking ahead, the document highlights how climate resilience is becoming an increasingly important criterion for investors, regulators, and end-users, serving not only as a risk management tool but also as a competitive lever to attract capital and support sustainable urban growth.