{"id":3299,"date":"2026-03-26T14:37:24","date_gmt":"2026-03-26T13:37:24","guid":{"rendered":"https:\/\/coima.com\/climate-change\/"},"modified":"2026-07-29T15:14:39","modified_gmt":"2026-07-29T13:14:39","slug":"climate-change","status":"publish","type":"page","link":"https:\/\/coima.com\/en\/sustainability\/climate-change\/","title":{"rendered":"Climate Change"},"content":{"rendered":"\n<p class=\"leading-line-height-paragraph tracking-paragraph font-paragraph max-w-container-paragraph text-left text-paragraph-sm! md:text-paragraph-base!\" id=\"paragraph-2de77e\">All stakeholders, from investors through to general public opinion, have a growing awareness of the phenomena linked to climate change and the relative impacts<sup style=\"font-size: 13px\">1<\/sup>. Italy is considered to be the Mediterranean country most vulnerable to the effects of this change. The recent report \u201cRisk Analysis. Climate Change in Italy\u201d, published in 2020 by the Euro-Mediterranean Center on Climate Change Foundation (CMCC), highlights that the adverse impact would affect all sectors of the Italian economy, and especially infrastructure &#8211; due to the intensification of geo-hydrological instability -, agriculture and the tourism industry. Urban areas would also be very vulnerable to climate risk due to their large built-up environments with very few green areas. Cities could experience serious adverse impacts on people\u2019s health and safety due to temperature rises, the greater frequency and longer duration of heatwaves, and intense precipitation events. With the aid of its checklist, COIMA identifies the main risks, the possible mitigations and the types of improvement which can be made in the active management of property assets. A preliminary identification of the main physical risks to assets is made by consulting extreme climate scenarios (such as RCP 8.5<sup style=\"font-size: 13px\">2<\/sup>). In the case of geographical areas affected by significant risks, such as zones subject to flooding or landslides, the investment is further analysed with the involvement of sector experts for a more in-depth assessment of the risk and impacts.<\/p>\n\n\n\n<p class=\"leading-line-height-paragraph tracking-paragraph font-paragraph max-w-container-paragraph text-left text-paragraph-sm! md:text-paragraph-base!\" id=\"paragraph-2de847\"><sup style=\"font-size: 13px\">1<\/sup> 2015-2019 was the hottest five-year period on record and it is currently estimated that the temperature is 1.1 degrees higher than that of the pre-industrial age (1850\u20131900). Forecasts indicate that if emissions continue at the present rate, the rise in temperature by the end of the century could be between 2.6 and 4.8 degrees.<br \/><sup style=\"font-size: 13px\">2<\/sup> RCP 8.5 \u2013 Representative Concentration Pathways<\/p>\n\n\n\n<h3 class=\"block max-w-container-heading! leading-line-height-heading tracking-heading text-left   text-heading-base! wp-block-ensoul-heading\" id=\"heading-2de8b3\">\n    Climate change: physical and transition risks<\/h3>\n\n\n        <section id=\"group-2df082\" class=\"ensoul-breakout\">\n        <div style=\"background-color:#2A6561;\" class=\"ensoul-group ensoul-group-group-2df082 relative block! w-full! wp-block-ensoul-spacing-wrapper has-background\">\n                                                \n            \n            <div class=\"w-full @container\/inner relative! flex h-full gap-x-group gap-y-group-y w-full z-10! pt-l pb-l md:pt-0 md:pb-xl text-paragraph-base! flex-col justify-start items-start\">\n                \n        <section id=\"group-2de9e6\" class=\"w-full\">\n        <div style=\"background-color:#678A88;\" class=\"ensoul-group ensoul-group-group-2de9e6 relative block! w-full! wp-block-ensoul-spacing-wrapper has-background\">\n                                                \n            \n            <div class=\"w-full @container\/inner relative! flex h-full gap-x-group gap-y-group-y w-full z-10! py-s px-m md:py-s md:px-m text-paragraph-base! flex-col justify-start items-center\">\n                \n\n<h3 class=\"block max-w-container-heading! leading-line-height-heading tracking-heading uppercase text-center   text-paragraph-base! md:text-heading-xs! wp-elements-5260cb419acd87e710f1f7fc9e64d827 wp-block-ensoul-heading has-text-color has-base-color\" id=\"heading-2de974\">\n    Physical risks<\/h3>\n\n            <\/div>\n        <\/div>\n    <\/section>\n    \n\n\n\n\n\n\n    <div class=\"w-full max-w-container-content-padded mx-auto px-[var(--spacing-content-padding-left)] \">\n    \n                <div class=\"ensoul-columns-section relative w-full wp-block-ensoul-columns\" id=\"columns-2decec\">\n            <div class=\"ensoul-columns-block grid gap-x-columns gap-y-columns-y items-stretch grid-cols-1 md:grid-cols-3 max-w-container-content mx-auto py-l px-m md:py-xl md:px-m text-paragraph-base!  \" style=\"\">\n                \n\n<div class=\"ensoul-column-wrapper min-w-0 h-full md:px-s text-paragraph-base! max-md:!w-full wp-block-ensoul-column\" id=\"column-2deb2e\">\n    <div class=\"column flex min-w-0 break-words h-full flex-col justify-start items-center gap-x-columns gap-y-columns-y\" style=\"\">\n                    \n\n    <div class=\"image-section flex flex-col w-full  text-paragraph-base! wp-block-ensoul-image\" id=\"image-2dea7d\">\n\n        <!-- Desktop Image -->\n    <figure class=\"relative !mx-auto w-fit max-w-full   max-md:hidden m-0 p-0\" style=\"max-width:60px\">\n                                <img decoding=\"async\"\n                width=\"\"\n                height=\"\"\n                src=\"https:\/\/coima.com\/app\/uploads\/2026\/03\/icona-alluvioni.svg\"\n                alt=\"Image\"\n                data-title=\"Climate Change\"\n                                loading=\"lazy\"\n                class=\"w-auto max-w-full \"\n                style=\"object-position: 50% 50%;\"\n            \/>\n        \n            <\/figure>\n\n<!-- Mobile Image -->\n<figure class=\"relative !mx-auto w-fit max-w-full   md:hidden m-0 p-0\" style=\"max-width:60px\">\n            <img decoding=\"async\"\n        width=\"\"\n        height=\"\"\n        src=\"https:\/\/coima.com\/app\/uploads\/2026\/03\/icona-alluvioni.svg\"\n        alt=\"Image\"\n        data-title=\"Climate Change\"\n                loading=\"lazy\"\n        class=\"w-auto max-w-full \"\n        style=\"object-position: 50% 50%;\"\n    \/>\n    \n        <\/figure>\n\n    <\/div>\n\n\n\n<p class=\"leading-line-height-paragraph tracking-paragraph font-paragraph max-w-container-paragraph text-center text-paragraph-sm! md:text-paragraph-base! wp-elements-51b5cf5dc2336a922791230119e739ca has-text-color has-base-color\" id=\"paragraph-2deae2\">Landslides and floods have a direct impact on buildings and transport, energy and communication infrastructures, damaging them and putting them out of operation. In some circumstances, these risks may lead to the decision not to invest.<\/p>\n\n            <\/div>\n<\/div>\n\n\n<div class=\"ensoul-column-wrapper min-w-0 h-full px-s md:px-s text-paragraph-base! max-md:!w-full border-l border-r border-white wp-block-ensoul-column\" id=\"column-2dec01\">\n    <div class=\"column flex min-w-0 break-words h-full flex-col justify-start items-center gap-x-columns gap-y-columns-y\" style=\"\">\n                    \n\n    <div class=\"image-section flex flex-col w-full  text-paragraph-base! wp-block-ensoul-image\" id=\"image-2deb73\">\n\n        <!-- Desktop Image -->\n    <figure class=\"relative !mx-auto w-fit max-w-full   max-md:hidden m-0 p-0\" style=\"max-width:60px\">\n                                <img decoding=\"async\"\n                width=\"\"\n                height=\"\"\n                src=\"https:\/\/coima.com\/app\/uploads\/2026\/03\/icona-innalzamento-mari.svg\"\n                alt=\"Image\"\n                data-title=\"Climate Change\"\n                                loading=\"lazy\"\n                class=\"w-auto max-w-full \"\n                style=\"object-position: 50% 50%;\"\n            \/>\n        \n            <\/figure>\n\n<!-- Mobile Image -->\n<figure class=\"relative !mx-auto w-fit max-w-full   md:hidden m-0 p-0\" style=\"max-width:60px\">\n            <img decoding=\"async\"\n        width=\"\"\n        height=\"\"\n        src=\"https:\/\/coima.com\/app\/uploads\/2026\/03\/icona-innalzamento-mari.svg\"\n        alt=\"Image\"\n        data-title=\"Climate Change\"\n                loading=\"lazy\"\n        class=\"w-auto max-w-full \"\n        style=\"object-position: 50% 50%;\"\n    \/>\n    \n        <\/figure>\n\n    <\/div>\n\n\n\n<p class=\"leading-line-height-paragraph tracking-paragraph font-paragraph max-w-container-paragraph text-center text-paragraph-sm! md:text-paragraph-base! wp-elements-b2b8fcaeed951c205a40c4b7a7646b91 has-text-color has-base-color\" id=\"paragraph-2debc3\">Rising sea levels may also cause serious damage to properties, with consequent maintenance, repair or rebuilding costs. Rising sea levels may also have repercussions on a vast scale, affecting assets\u2019 ability to retain their value in the long term.<\/p>\n\n            <\/div>\n<\/div>\n\n\n<div class=\"ensoul-column-wrapper min-w-0 h-full md:px-s text-paragraph-base! max-md:!w-full wp-block-ensoul-column\" id=\"column-2decc7\">\n    <div class=\"column flex min-w-0 break-words h-full flex-col justify-start items-center gap-x-columns gap-y-columns-y\" style=\"\">\n                    \n\n    <div class=\"image-section flex flex-col w-full  text-paragraph-base! wp-block-ensoul-image\" id=\"image-2dec40\">\n\n        <!-- Desktop Image -->\n    <figure class=\"relative !mx-auto w-fit max-w-full   max-md:hidden m-0 p-0\" style=\"max-width:60px\">\n                                <img decoding=\"async\"\n                width=\"\"\n                height=\"\"\n                src=\"https:\/\/coima.com\/app\/uploads\/2026\/03\/icona-condizioni-climatiche.svg\"\n                alt=\"Image\"\n                data-title=\"Climate Change\"\n                                loading=\"lazy\"\n                class=\"w-auto max-w-full \"\n                style=\"object-position: 50% 50%;\"\n            \/>\n        \n            <\/figure>\n\n<!-- Mobile Image -->\n<figure class=\"relative !mx-auto w-fit max-w-full   md:hidden m-0 p-0\" style=\"max-width:60px\">\n            <img decoding=\"async\"\n        width=\"\"\n        height=\"\"\n        src=\"https:\/\/coima.com\/app\/uploads\/2026\/03\/icona-condizioni-climatiche.svg\"\n        alt=\"Image\"\n        data-title=\"Climate Change\"\n                loading=\"lazy\"\n        class=\"w-auto max-w-full \"\n        style=\"object-position: 50% 50%;\"\n    \/>\n    \n        <\/figure>\n\n    <\/div>\n\n\n\n<p class=\"leading-line-height-paragraph tracking-paragraph font-paragraph max-w-container-paragraph text-center text-paragraph-sm! md:text-paragraph-base! wp-elements-a248811f6e3ff4f4d143f53f5b7d6724 has-text-color has-base-color\" id=\"paragraph-2dec8b\">The intensification of extreme weather events such as heatwaves may trigger an increase in the running costs of property assets.<\/p>\n\n            <\/div>\n<\/div>\n            <\/div>\n        <\/div>\n        \n        <\/div>\n\n\n        <section id=\"group-2dedb1\" class=\"w-full\">\n        <div style=\"background-color:#678A88;\" class=\"ensoul-group ensoul-group-group-2dedb1 relative block! w-full! wp-block-ensoul-spacing-wrapper has-background\">\n                                                \n            \n            <div class=\"w-full @container\/inner relative! flex h-full gap-x-group gap-y-group-y w-full z-10! py-s px-m md:py-s md:px-m text-paragraph-base! flex-col justify-start items-center\">\n                \n\n<h3 class=\"block max-w-container-heading! leading-line-height-heading tracking-heading uppercase text-center   text-paragraph-base! md:text-heading-xs! wp-elements-c4debcc0cb5d16ad0f5d45ef0e895564 wp-block-ensoul-heading has-text-color has-base-color\" id=\"heading-2ded6a\">\n    Transition risks<\/h3>\n\n            <\/div>\n        <\/div>\n    <\/section>\n    \n\n\n\n\n\n\n    <div class=\"w-full max-w-container-content-padded mx-auto px-[var(--spacing-content-padding-left)] \">\n    \n                <div class=\"ensoul-columns-section relative w-full wp-block-ensoul-columns\" id=\"columns-2df055\">\n            <div class=\"ensoul-columns-block grid gap-x-columns gap-y-columns-y items-stretch grid-cols-1 md:grid-cols-3 max-w-container-content mx-auto py-l px-m md:py-xl md:px-m text-paragraph-base!  \" style=\"\">\n                \n\n<div class=\"ensoul-column-wrapper min-w-0 h-full md:px-s text-paragraph-base! max-md:!w-full wp-block-ensoul-column\" id=\"column-2deeb3\">\n    <div class=\"column flex min-w-0 break-words h-full flex-col justify-start items-center gap-x-columns gap-y-columns-y\" style=\"\">\n                    \n\n    <div class=\"image-section flex flex-col w-full  text-paragraph-base! wp-block-ensoul-image\" id=\"image-2dee21\">\n\n        <!-- Desktop Image -->\n    <figure class=\"relative !mx-auto w-fit max-w-full   max-md:hidden m-0 p-0\" style=\"max-width:60px\">\n                                <img decoding=\"async\"\n                width=\"\"\n                height=\"\"\n                src=\"https:\/\/coima.com\/app\/uploads\/2026\/03\/icona-normativa-energetica.svg\"\n                alt=\"Image\"\n                data-title=\"Climate Change\"\n                                loading=\"lazy\"\n                class=\"w-auto max-w-full \"\n                style=\"object-position: 50% 50%;\"\n            \/>\n        \n            <\/figure>\n\n<!-- Mobile Image -->\n<figure class=\"relative !mx-auto w-fit max-w-full   md:hidden m-0 p-0\" style=\"max-width:60px\">\n            <img decoding=\"async\"\n        width=\"\"\n        height=\"\"\n        src=\"https:\/\/coima.com\/app\/uploads\/2026\/03\/icona-normativa-energetica.svg\"\n        alt=\"Image\"\n        data-title=\"Climate Change\"\n                loading=\"lazy\"\n        class=\"w-auto max-w-full \"\n        style=\"object-position: 50% 50%;\"\n    \/>\n    \n        <\/figure>\n\n    <\/div>\n\n\n\n<p class=\"leading-line-height-paragraph tracking-paragraph font-paragraph max-w-container-paragraph text-center text-paragraph-sm! md:text-paragraph-base! wp-elements-7ad27bee7e2fcd1085684955ed7e2f95 has-text-color has-base-color\" id=\"paragraph-2dee73\">The growing need to control emissions and the adverse effects they generate is leading to the definition of ever tightening energy regulations, and thus to the need to modify non-performing buildings to bring them into line.<\/p>\n\n            <\/div>\n<\/div>\n\n\n<div class=\"ensoul-column-wrapper min-w-0 h-full px-s md:px-s text-paragraph-base! max-md:!w-full border-r border-l border-white wp-block-ensoul-column\" id=\"column-2def76\">\n    <div class=\"column flex min-w-0 break-words h-full flex-col justify-start items-center gap-x-columns gap-y-columns-y\" style=\"\">\n                    \n\n    <div class=\"image-section flex flex-col w-full  text-paragraph-base! wp-block-ensoul-image\" id=\"image-2deef1\">\n\n        <!-- Desktop Image -->\n    <figure class=\"relative !mx-auto w-fit max-w-full   max-md:hidden m-0 p-0\" style=\"max-width:60px\">\n                                <img decoding=\"async\"\n                width=\"\"\n                height=\"\"\n                src=\"https:\/\/coima.com\/app\/uploads\/2026\/03\/icona-circolarita-economica.svg\"\n                alt=\"Image\"\n                data-title=\"Climate Change\"\n                                loading=\"lazy\"\n                class=\"w-auto max-w-full \"\n                style=\"object-position: 50% 50%;\"\n            \/>\n        \n            <\/figure>\n\n<!-- Mobile Image -->\n<figure class=\"relative !mx-auto w-fit max-w-full   md:hidden m-0 p-0\" style=\"max-width:60px\">\n            <img decoding=\"async\"\n        width=\"\"\n        height=\"\"\n        src=\"https:\/\/coima.com\/app\/uploads\/2026\/03\/icona-circolarita-economica.svg\"\n        alt=\"Image\"\n        data-title=\"Climate Change\"\n                loading=\"lazy\"\n        class=\"w-auto max-w-full \"\n        style=\"object-position: 50% 50%;\"\n    \/>\n    \n        <\/figure>\n\n    <\/div>\n\n\n\n<p class=\"leading-line-height-paragraph tracking-paragraph font-paragraph max-w-container-paragraph text-center text-paragraph-sm! md:text-paragraph-base! wp-elements-fe862b9dc477dbeff1396ce199754080 has-text-color has-base-color\" id=\"paragraph-2def3b\">Major transformations and modernisations are currently ongoing in technological solutions, materials and the efficiency upgrading of the production chain, with a particular focus on circular economies in the process of construction and renewal.<\/p>\n\n            <\/div>\n<\/div>\n\n\n<div class=\"ensoul-column-wrapper min-w-0 h-full md:px-s text-paragraph-base! max-md:!w-full wp-block-ensoul-column\" id=\"column-2df034\">\n    <div class=\"column flex min-w-0 break-words h-full flex-col justify-start items-center gap-x-columns gap-y-columns-y\" style=\"\">\n                    \n\n    <div class=\"image-section flex flex-col w-full  text-paragraph-base! wp-block-ensoul-image\" id=\"image-2defb2\">\n\n        <!-- Desktop Image -->\n    <figure class=\"relative !mx-auto w-fit max-w-full   max-md:hidden m-0 p-0\" style=\"max-width:60px\">\n                                <img decoding=\"async\"\n                width=\"\"\n                height=\"\"\n                src=\"https:\/\/coima.com\/app\/uploads\/2026\/03\/icona-obsolescenza.svg\"\n                alt=\"Image\"\n                data-title=\"Climate Change\"\n                                loading=\"lazy\"\n                class=\"w-auto max-w-full \"\n                style=\"object-position: 50% 50%;\"\n            \/>\n        \n            <\/figure>\n\n<!-- Mobile Image -->\n<figure class=\"relative !mx-auto w-fit max-w-full   md:hidden m-0 p-0\" style=\"max-width:60px\">\n            <img decoding=\"async\"\n        width=\"\"\n        height=\"\"\n        src=\"https:\/\/coima.com\/app\/uploads\/2026\/03\/icona-obsolescenza.svg\"\n        alt=\"Image\"\n        data-title=\"Climate Change\"\n                loading=\"lazy\"\n        class=\"w-auto max-w-full \"\n        style=\"object-position: 50% 50%;\"\n    \/>\n    \n        <\/figure>\n\n    <\/div>\n\n\n\n<p class=\"leading-line-height-paragraph tracking-paragraph font-paragraph max-w-container-paragraph text-center text-paragraph-sm! md:text-paragraph-base! wp-elements-711f57da5a1750a37878eb8cff922c15 has-text-color has-base-color\" id=\"paragraph-2deffa\">In a market where the quality and sustainability of real estate products is constantly growing in importance, an under-performing portfolio is exposed to a risk of obsolescence, and thus an equally high market risk.<\/p>\n\n            <\/div>\n<\/div>\n            <\/div>\n        <\/div>\n        \n        <\/div>\n\n            <\/div>\n        <\/div>\n    <\/section>\n    \n\n\n<div class=\"button-container flex text-paragraph-base! w-full wp-block-ensoul-button\" id=\"button-2df0f3\">\n        <a\n        href=\"https:\/\/coima.com\/app\/uploads\/2026\/06\/La_partecipazione_al_GRESB_Eng.pdf\"\n        target=\"_new\"\n        role=\"button\"\n            class=\"cursor-pointer group flex justify-center  gap-button items-center font-button text-button! hover:text-button-hover! text-button-font-size rounded-button bg-button-background hover:bg-button-background-hover p-padding-button border-button-width border-button-color [text-decoration:var(--decoration-button)]! hover:[text-decoration:var(--decoration-button-hover)]! transition-color duration-300 ease-in-out ens-btn ens-btn-primary w-full\"\n        data-wpml-string=\"button-label\"\n        data-wpml-string-link=\"true\"\n    >\n                    Participation in the GRESB                \n                <\/a>\n    <\/div>\n\n\n\n<div class=\"ensoul-spacer ensoul-spacer-spacer-2df14f h-2xl md:h-7xl\" id=\"spacer-2df14f\"><\/div>","protected":false},"excerpt":{"rendered":"","protected":false},"author":1,"featured_media":1547,"parent":3829,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"pages-narrow-en","meta":{"_acf_changed":false,"footnotes":"","_ensoul_lang":"en","_ensoul_tr_group":"4f82d8d4-963e-4823-8eac-5d8b1625b1b5"},"class_list":["post-3299","page","type-page","status-publish","has-post-thumbnail","hentry"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v28.2 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Climate Change - Coima<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/coima.com\/en\/sustainability\/climate-change\/\" 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