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An asset management strategy to accommodate a changing climate

Abstract

Climate change is a significant factor that will affect how people live and work in future. In light of this and of international initiatives on limitations of emissions, the changing climatic conditions will affect the existing building fabric, and inflict a different kind of user demand on corporate property portfolios. A comprehensive literature review has shown that there is an absence of tools and metrics for facilities managers to evaluate the impact of climate change on their organization and develop mitigation and adaptation strategies for their existing and new built corporate property portfolios. There is a little augmentation for accommodating the existing and future climate changes into management of corporate property portfolio. This paper will argue the need to construct a comprehensive strategy for management of corporate property portfolio of large organizations, which will take into consideration climate change mitigation and adaptation

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