Physical Climate Risks and Underwriting Practices in Assets and Portfolios


2024-05-31T10:00:00 - 2024-05-31T11:00:00

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    Registration is complimentary and open to everyone.

    With the number of billion dollar disasters increasing from year to year and property insurance costs skyrocketing in response to elevated physical climate risk, incorporating newly-available physical climate risk analytics into investment decisionmaking processes is becoming increasingly important.

    Building upon How to Choose, Use, and Better Understand Climate Risk Analytics (2022), this webinar explores the latest insights from ULI's follow-up report, Physical Climate Risks and Underwriting Practices in Assets and Portfolios.  This globally-focused event features a panel of esteemed real estate experts and climate risk consultants.  

    Learn how leading firms are operationalizing physical climate risk analytics, and dive into the report's new decision-making framework designed to assist the real estate industry in assessing and addressing physical climate risks--from due diligence to disposition. The framework itself offers a step-by-step guide that aids investors and practitioners in evaluating the costs of action and inaction, comparing costs and benefits of resilience, and making informed decisions about assets vulnerable to climate risks.

    Register today, and don't miss this opportunity to gain valuable insights and practical guidance on incorporating climate risk into the underwriting process, positioning your investments for resilience in the face of climate change. 


    Julie Manning

    Global Head of Climate & Carbon Strategy, LaSalle Investment Management

    Julie is the Global Head of Climate and Carbon for LaSalle, based in Chicago. She is responsible for leading the firm’s strategic efforts to drive and protect investment performance by decarbonizing and enhancing resiliency of LaSalle’s investment portfolios. She chairs LaSalle’s Global Sustainability Committee and Global Climate Risk Committee. Julie joined LaSalle in 1997, originally in the client accounting group as a controller, soon thereafter transitioning to portfolio management responsible for two global fund-of-funds totaling over US $1 billion of investor capital. She then worked as a portfolio manager in LaSalle’s North America custom accounts business, managing over $4 billion of client capital. Julie earned a Bachelor of Science in accountancy from Northern Illinois University in DeKalb, Illinois and holds a Certified Public Accountant (CPA) designation.

    Spenser Robinson

    Professor and Director of Real Estate, Central Michigan University

    Director of Real Estate at Central Michigan University. Co-Editor Journal of Sustainable Real Estate. Executive Committee ARES. I consult, research, speak and serve as an expert on related topics around Appraisal, Capital Markets, Entrepreneurship, Investment, Sustainability, and Valuation ( Currently working on projects around climate risk in real estate markets public and private, carbon mitigation certifications, and ESG validation for the coming wave of SEC/FINRA regulation.

    Sasha Njagulj

    Managing Director, Global Head of ESG, Real Estate, DWS

    Aleksandra (Sasha) Njagulj is the Managing Director, Global Head of ESG (environmental, social, and governance), Real Estate at DWS group. She is responsible for ESG integration across global real estate portfolios. Sasha is an accomplished ESG expert with over 20 years of practical experience in architectural design, design management and the sustainable built environment. In her previous role with CBRE Global Investors, she was Global Head of ESG with overall responsibility for developing and communicating global sustainability priorities and strategies across all business lines. Prior to this, Sasha was head of the Sustainability, R&D and Innovation department at Bouygues U.K. Throughout her career, Sasha has built a reputation both professionally and personally for championing the cause of responsible real estate investment. She received the UK-based edie 2020 Sustainability Leaders Award for Investor of the Year for an ESG programme she designed and delivered for CBRE. In addition, Sasha was awarded the global 2020 GRESB/BREEAM Individual Leadership Award, recognising strong leadership and commitment in the field of sustainable development. In 2021, she won the global Future Proof Real Estate Woman award as a leader in applying digitalisation, technology, open innovation and sustainability to create a better built environment. A qualified architect, Sasha holds a Master's degree in Architectural Design from the University of Belgrade; a Master's degree in Sustainability Leadership from the University of Cambridge. She chairs the GRESB Foundation Real Estate Standards Committee and leads IIGCC Adaptation and Resilience Working Group and in Investor Practices Advisory Group, co-chairs the INREV ESG Committee, is a BRE Academy fellow, and sits on ULI ESG Council and IIGCC Investor Practices Advisory Group.

    Michael McGowan

    Portfolio Manager, California State Teachers Retirement System

    Michael McGowan is a seasoned real estate professional with 30 years of experience in both public and private real estate investing. Mr. McGowan joined the real estate team of the California State Teachers’ Retirement System in 2021 and is Portfolio Manager of its Strategy, Portfolio Analysis, and Risk (“SPAR”) team. He is responsible for strategic initiatives within CalSTRS' $48 billion real estate portfolio, such as formulating allocation and investment strategies, ESG and Diversity, and overseeing $5 billion of investments in open-end funds and REITs. Voting member of Real Estate Investment Committee and Debt Committee. Before joining CalSTRS, Mr. McGowan was a Principal at Bard Consulting (2016-2021), where he assisted large public pension plans with their real estate investing strategies and implementation. Between 2005 and 2016, Mr. McGowan was a portfolio manager for a series of public real estate (REIT) mutual funds run by Forward and Kensington Investment Group. Prior to his career in public real estate, Mr. McGowan worked for RREEF (now DWS) as the Head of Research – Industrial and Office Properties.