UBS Has Real Estate Warning for Investors Ignoring CO2 Risks (1)

Real estate investors need to allocate considerably more resources to climate-proofing old buildings rather than erecting new structures, to keep up with net zero regulations and avoid being saddled with stranded assets.

Those are the findings released Tuesday by UBS Group AG, with the Swiss bank’s Sustainability and Impact Institute calling for nothing less than a “retrofit revolution.”

“Investors always have to weigh up risks versus the financial returns on a case-by-case basis,” Michael Baldinger, UBS’s chief sustainability officer, told Bloomberg. And there “will be cases where new builds can benefit from emerging materials and technologies to lower ...