Helvetica partners with Correntics to protect its Swiss real estate portfolio against climate risks

Switzerland has already warmed by approximately 3°C since the pre-industrial era. Rising temperatures, shifting rainfall patterns, and more frequent extreme events pose significant threats to Swiss property assets, including physical damage and increased energy demand, urging real estate investors to account for physical climate risks in their decisions.

Addressing this, Helvetica, a leading Swiss real estate investor, has partnered with Correntics to conduct a portfolio-wide climate risk assessment of its commercial and residential properties in Switzerland.

Following a methodology aligned with international best practices and the Global Real Estate Sustainability Benchmark (GRESB), the assessment identified which sites and regions across Helvetica’s portfolio are most at risk, and how those risks may evolve in the future.  

«This climate risk analysis offers a portfolio-level view of the physical climate risks affecting our assets today, as well as how these risks could change over time under different climate conditions. It provides a solid foundation for identifying key risk drivers and informs subsequent work on adaptation planning and financial impact analysis.»

The assessment was conducted using Correntics’ climate risk analytics platform, combined with high-resolution Swiss climate scenarios, an ensemble of future scenarios based on different socio-economic assumptions and emission pathways, ranging from strong mitigation to continued high emissions. These scenarios were complemented by relevant global data, ensuring that local conditions were accurately reflected, while maintaining a methodology that can be applied consistently to international portfolios.

«Our data-driven approach, combined with climate scenarios, provided Helvetica with a deep understanding of the emerging risks at the asset level and also for the overall portfolio, which is crucial for implementing adequate climate adaptation measures.»

Physical climate risk assessment for Helvetica and their real estate portfolio using Correntics

Key insights from the assessment included: 

 

  • Identification of physical climate risks and risk evolution over time, highlighting which sites and regions contributed most to overall exposure.
  • Differentiation between acute (floods, storms, and heatwaves) and chronic risk drivers (rising temperatures, shifting precipitation patterns), with an evaluation of how their relevance might change under future climate conditions.
  • A categorised view of the portfolio, e.g., by building usage (residential, commercial, offices, etc.) and regions (cantons, cities), highlighting patterns of risks across various building types and geographic areas. 
  • A detailed flood risk analysis, particularly relevant for real estate assets in Switzerland.
  • Recommendations for adaptation measures

For any questions, please reach out to Michael Gloor, info@correntics.com

Related notes