Know What's Happening in Real Estate Investing

First Street’s Jeremy Porter Urges Holistic Approach to Assessing Climate Risk Impact

Jeremy Porter, chief economist at First Street, highlighted the shift toward a holistic view of climate risk on the REIT Report podcast. He explained that physical climate threats now ripple through assets, suppliers, commodities, customers, and transportation networks, demanding integrated risk pricing. First Street unveiled a new module that quantifies climate exposure for all Dow Jones‑listed companies, with plans to add commodities, supply‑chain, and downstream customer risk. The discussion underscored rising insurance costs and the growing perception of climate risk as a core financial indicator.