At a glance planning due diligence

As the first property data business to Pledge to Net Zero, Landmark is committed to not only acting with urgency in the name of climate change, but also empowering the property industry to do the same. But as climate change continues at pace, managing and mitigating against this relatively new area of risk demands a sound foundation of data, insight and understanding.

This is why we have spearheaded a dialogue with experts across the property and real estate industry to deepen and validate our understanding of climate change. We have drawn on expert perspectives to reach some consensus on the task ahead and at the same time, created an urgent call to action for the whole property industry.

performance and subsidence/ ground stability were also flagged as likely areas of risk in the future.

In our white paper, Climate Change Reports: The New Frontier of Real Estate Due Diligence, our data and actively engaging with a net zero strategy. For instance, over half of commercial real estate lawyers have already improved their buildings’ energy performance, and nearly another quarter have active plans to improve or are considering it. The story is similar for residential solicitors and surveyors, where 43% have already improved their buildings’ energy performance and a further third are making moves to do so. The majority of residential and commercial firms have or are planning green policies around staff travel.

12 months.

RiskView Residential is Landmark’s gold standard, all-in-one environmental search report, used by property lawyers to assess a wide range of potential hazards on of prospective purchasers. These include flooding, ground stability, contaminated land, energy infrastructure and now includes daily planning application updates and constraints data.

The resulting Landmark white paper, Climate Change Reports: The New Frontier of Real Estate Due Diligence, (published November 2022) is a comprehensive discussion about how each part of the property industry sees its responsibilities, where we as an industry can deepen our commitment and how we can all challenge the status quo to take meaningful and timely action.

The consensus among the experts we spoke with is a need for pan-industry alignment on definitions, targets, benchmarks and modelled scenarios. They also all posed a critical question about who is responsible for interpreting climate risk reports.

The most common climate change risks for the property industry

Landmark Planning allows you to understand any nearby residential planning applications which might impact the property transaction. All the data within the report is supported by easy-to-understand guidance and next steps.

With more firms than ever engaging in climate change mitigation at home, the next urgent task is to ensure that the right climate change data is identified for property transactions. Most property law professionals (commercial 88%, residential 85%) believed that flooding is likely to emerge as the top risk in climate change reports across all property types over the next 30 years. Energy

We have recently released our climate change report, in both residential and commercial formats. The data baseline to inform the assessment is derived from UKCP18. Developed by the Met Office, this is the most authoritative climate projection data available for the UK. This UPRN-based search is designed to provide an overview of future risk as well as in-depth, advice, and recommendations for managing current environmental risks at the property and is provided within the standard desktop search. It’s also the only report on the market to include transitional risks as well and physical risks.

To find out more contact your Landmark Account Manager or search provider.

You can read more about our climate change reporting solutions here.