ESG Factors & Financial Tech with Geosmart

In this video discussion, Andrew Knight engages in conversation with Phillip Martin from Geosmart, an RICS Tech Partner specialising in geospatial solutions for environmental and property risk assessment. This conversation delves into the critical intersection of ESG factors with financial decision-making. Throughout the conversation, various technological topics are explored, highlighting the challenges and opportunities presented by climate change and sustainability in the context of financial and property sectors. Key technological topics covered include:

• Utilisation of location-specific data for ESG analysis
• Challenges of historical cost accounting in evaluating non-financial criteria
• Integration of non-financial criteria into accounting and financial modelling routines
• Recognition of flood risk as a component of market risk and credit risk in financial analysis
• Importance of improving climate risk data for better risk management and pricing of financial products
• Regulatory frameworks for ESG ratings and implications for sustainability claims
• Role of technology in assessing and mitigating risks associated with climate change and flooding
• Use of data-driven approaches in estimating retrofit costs and resilience interventions for properties
• Challenges in valuing properties in the face of climate-related risks such as coastal erosion
• Collaboration between professionals in the financial, property, and environmental sectors to address emerging challenges and opportunities.

More information regarding the Tech Partner Programme and our partner GeoSmart can be found here.