Property report service aims to boost understanding of climate risks

Landmark Information Group has launched a new product that aims to help users understand the current and potential climate-based risks on any property.

The climate change report details flood risk, subsidence, heat stress and coastal erosion as well as the transitional risk of energy performance certificates.

The data company claims anyone from property professionals to home buyers will be able to quickly assess the future impact of climate change on a property or portfolio. 

With The Law Society guidance on climate change expected to be released this year, Landmark said it’s likely that conveyancers will be guided to include future climate risks within their due-diligence processes.

The new product complements Landmark’s wide-ranging portfolio of climate risk management tools.

Chris Loaring, managing director of Landmark Legal, said: ‘With flood risk currently identified to affect 5.4m properties in the UK, the impact of climate change on property transactions and investment is undoubtedly concerning many property professionals and their clients. 

“Therefore, it’s essential that everyone plays their part in gathering authoritative information to provide clients with guidance on the potential future risks and options to mitigate them. Ultimately, in keeping with Landmark’s own commitment to net zero, this product will help provide much-needed clarity and support for property professionals and investors looking for a robust and easy-to-understand way to assess and communicate climate change risk.”