Hong Kong property companies have sprung into action – they are assessing their exposure to climate change impact, devising plans and adopting measures to bolster their resilience and capacity to adapt, especially to extreme flood and storm risks.It remains to be seen, however, whether such plans and their implementation will be sufficient to prevent asset damage and life loss in coming decades due to the uncertainty and severity of climate change.A stress test found that about 28 per cent of…
Source : South China Morning Post
Read more…Climate Change: Hong Kong property firms are assessing risks and improving resilience, as extreme floods and storms loom on horizon
