2025 Recap: What we learned about climate risk in real estate and finance

Gustav Haaland

CEO

at

Telescope

Over the past year, we’ve spoken with people working closely with real estate, banking, and insurance about one shared topic: Climate risk.

In this short recap from The Hubble 2025, we sum up what we’ve learned:
– How climate risk is understood in real estate and finance

– What sustainability reporting has helped with

- and where it falls short

– How Omnibus changed the conversation, but not the underlying risks

– Why many actors are focusing more on decisions, priorities, and asset-level insight The Hubble is a video series by Telescope, created to make sustainability, risk, and finance easier to understand in practice. This recap reflects what we’ve learned through our conversations this year - not a conclusion, but a snapshot of where the market is right now.

In this episode

00:00 Introduction

01:25 The year of preparation

02:09 The Omnibus package

03:09 How Real Estate players responded

05:08 Banks & Finance

07:40 The banks role towards real estate

09:02 The growing insurance gap

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