By
Vegard Blauenfeldt Naess
-
Aug 12, 2025
Why Climate Risk is a CFO Issue
Learn why climate risk isn’t just about sustainability - it’s about financial exposure, insurance costs, and portfolio value.
Climate Risk Isn’t Tomorrow’s Problem - It’s Already on Your Balance Sheet
In real estate, climate risk has moved from abstract headlines to concrete financial exposure.
Imagine a commercial building in Oslo. Two floods in three years. Insurance premiums spike. Tenants leave. The asset, once a prime investment, is now flagged by lenders.
This isn’t a one-off. Climate risk is now a direct threat to portfolio value. If you're a CFO, you’re already carrying that risk - whether your dashboard shows it or not.
The Hidden Costs You Might Be Missing
Energy-inefficient buildings lead to escalating utility costs which increases tenant risk as they need factor this into their operational expenses, link.
Properties in high-risk zones are increasingly suffering rising insurance premiums or loss of coverage, link.
Non-compliance with EU regulations limits access to green financing, link.
Investors Are Already Discounting Risky Portfolios
Funds apply climate risk discounts to valuations, link.
Lenders scrutinize ESG-alignment during portfolio reviews, link.
Real estate assessors are starting to differentiate asset values based on ESG KPIs, link.
Why Now? Regulations & Risk Converge
CSRD and EU Taxonomy mandate asset-level disclosures.
Stranded asset risk can devalue properties overnight.
Insurers are exiting high-risk zones, creating exposure gaps.
How Telescope Helps CFOs Take Control
Address-level risk scores (physical, transition, biodiversity).
Asset modeling to forecast retrofit ROI.
CSRD-aligned reports, ready for stakeholders.
Provide a better understanding of current and future portfolio risks.
Client Insight: Reitan Eiendom evaluated their entire portfolio in one month using Telescope - way faster than traditional consultancy timelines.
Worried about hidden liabilities on your balance sheet?
You know what to do!


