JLL partners with Jupiter Intelligence to provide AI-driven climate risk analytics

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JLL and Jupiter Intelligence have entered into a strategic agreement to enhance JLL's Decarbonization Strategy solution with advanced climate-risk analytics. Through this collaboration, JLL aims to support clients comprehensively in their sustainability journey by integrating climate-related risk and opportunity forecasts into asset valuations and decarbonization strategies. This partnership enables clients to address climate disclosure requirements effectively, including recent rulings by regulatory bodies such as the U.S. Securities and Exchange Commission (SEC).

Guy Grainger, Global Head of Sustainability Services and ESG at JLL, highlighted the significance of Jupiter's AI-powered climate models in enhancing JLL's Decarbonization Strategy Services. These services assist owners and occupiers in developing investment roadmaps to reduce emissions and enhance portfolio value. By incorporating Jupiter's climate risk analytics, JLL can assess environmental factors impacting real estate valuation and decarbonization efforts.

JLL's Science Based Targets initiative (SBTi) goals, established following a scientific climate risk analysis by Jupiter, underscore the importance of integrating climate-related risk forecasts into asset valuations and decarbonization strategies. Rich Sorkin, CEO and co-founder of Jupiter Intelligence, emphasized the benefits of such integration, enabling clients to identify and mitigate potential risks, unlock new opportunities, and comply with global climate disclosure requirements.

Amidst increasing demand for decarbonization counsel, JLL's Sustainability Services and Decarbonization Strategy have witnessed rapid expansion. Notable clients, such as a major international banking institution, have sought JLL's guidance in developing cohesive decarbonization strategies to achieve carbon targets and energy intensity goals. Through this collaboration, JLL aims to facilitate a seamless transition to sustainable practices for clients across various milestones towards a net-zero future.

Original article posted on March 14, 2024

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