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JLL and Jupiter Intelligence Partner to Integrate AI-Driven Climate Risk Analytics into Real Estate Decarbonization Strategy

JLL and Jupiter Intelligence Partner to Integrate AI-Driven Climate Risk Analytics into Real Estate Decarbonization Strategy

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The new collaboration adds physical climate risk modelling to JLL’s end-to-end real estate Decarbonization Strategy

JLL announced a strategic agreement with global climate risk analytics technology firm, Jupiter Intelligence. JLL supports clients on their end-to-end sustainability journey, including strategies, action plans and ongoing management. Jupiter’s advanced data-science climate-risk modeling capabilities expand JLL’s Decarbonization Strategy solution, by integrating climate-related risk and opportunity forecasts into asset valuations and decarbonization strategies. The agreement enables comprehensive planning to address climate disclosure requirements, such as the recent U.S. Securities and Exchange Commission (SEC) climate risk disclosure ruling.

Jupiter’s AI-powered climate models provide a valuable layer to JLL‘s Decarbonization Strategy Services,” said Guy Grainger, Global Head of Sustainability Services and ESG for JLL. “Our Decarbonization Services help owners and occupiers create a clear investment roadmap to reduce harmful emissions and enhance value in their portfolio. Layering in Jupiter’s gold standard climate risk analytics allows us to also measure what might be happening in the environment and how that could impact overall real estate valuation and decarbonization efforts.

JLL’s own Science Based Targets initiative (SBTi) goals were established following a 2019 scientific climate risk analysis by Jupiter of JLL’s primary offices in Australia, China, France, Germany, India, Japan, the U.K. and the U.S. In the assessment, Jupiter measured climate perils, including extreme flood, precipitation, heat, fire, drought and wind, and projected changes between 2030-2050 that could pose potential risk to business continuity.

Jupiter is excited to work with JLL to bring scientific-driven climate analytics to their Decarbonization Strategy clients and quantify the impacts associated with climate change and severe weather events around the world,” said Rich Sorkin, CEO and co-founder of Jupiter Intelligence. “Clients that integrate climate-related risk forecasts into asset valuations and decarbonization strategies can identify and mitigate potential risks, unlock new opportunities and address an expanding set of global climate disclosure requirements.

Related Article: Deutsche Bank Links Management Pay to Decarbonization Goals in Sustainability Push: Deutsche Bank’s 2023 Report

Amidst growing demand for decarbonization counsel, JLL’s Sustainability Services and Decarbonization Strategy have expanded rapidly, providing sustainability pathways for leading global companies, including a major international banking institution. One of the first banks to announce ambitions to be a net-zero company by 2050, the bank’s leadership recognized that outside guidance could help better integrate its real estate and sustainability data and carry out its decarbonization programs more effectively at scale. JLL guided the company toward a cohesive decarbonization strategy to help reach its 2030 carbon target and 2035 energy intensity goals. The bank now has a viable investment roadmap, a strategic landlord engagement program and a new approach to data that will help the company forecast and visualize its full-scale carbon transition across several milestones to its end goal.


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