If you believe that ESG and sustainable design are synonymous, you’re not alone. Diving deeper into their intricate nuances, we discover that ESG and sustainable design, while intertwined in essence, stem from different branches of our modern vocabulary. The confusion is indeed a matter of nomenclature and context.
Read MoreTopic: Climate Change
Embodied Carbon Reduction in the Built Environment
Earlier this year, the US passed the Inflation Reduction Act of 2022, with $369 billion in funding intended to cut climate pollution in half by 2030 (from 2005 levels). The private sector is also embracing capital-allocation strategies that take environmental, social, and governance (ESG) issues into account with their business practices. Over the next few…
Read MoreThe Effect of Economic Conditions on Insurance Rates
In today’s environment, when material prices are unpredictable, inflation is rising, claims are increasing, and disputes take much longer to resolve, that prediction of the cost of future claims becomes more uncertain. Learn how construction-related professional service firms may face certain future exposures, and how insurers must anticipate and prepare for losses from those exposures.
Read MoreDemystifying ESG for Design Firms: Risks and Opportunities
Simply put, ESG is an acronym that stands for environmental, social, and governance and is a framework for financial institutions to understand better a company’s sustainability profile and their risks. However, what exactly do the categories of E, S, and G measure and why (as well as how to measure) is the challenge that companies…
Read MoreAIA Climate Impact Survey
The rapidly changing climate is on everyone’s mind, whether the impact is felt with immediacy as severe weather in one’s own locality or the unease experienced from recent climate reports and increasing events that impact every place across the globe. The message for architects is becoming clearer every day – that the profession has a…
Read MoreClimate Impact on Professional Liability
AIA’s 2021-2025 Strategic Plan states that the mission of AIA is to “inspire and empower architects to improve society and transform the world.” A key tool to enabling architects to fulfill this mission is developing a better understanding of architect’s liability as the world changes around us. And professional liability is evolving due to climate…
Read MoreA New Sustainable Standard for Architects
Environmental, Social and Governance (ESG) is a system of criteria related to the environment, social equity, governance and supply chain practices that measure how investments and services can be scored and screened regarding sustainability. Why is this important to you as a design professional? Let’s first define ESG. The four components when considering ESG criteria…
Read MoreGlobal Climate Talks: Connecting the Dots to Architecture
The COP26 (Conference of the Parties) climate talks took place in Glasgow over the first two weeks of November. These meetings between heads of state around the world may seem far removed from your daily business concerns, but in reality, the actions taken and resulting agreements may have far-reaching consequences for your business model, including…
Read MoreTaking the Lead to Address Climate Change
As the climate changes and extreme climate variability characterizes our daily lives, design firms must respond in their solutions for the built environment. This webinar held on 10/18/21 discusses the challenges that professionals face, strategies for managing risks, and the support that professional liability insurance provides while firm provide innovative and productive solutions through their…
Read MoreAn Architect’s Guide to Flood Insurance
By Insurance Buyers Council, Inc. Since 1948, Insurance Buyers’ Council, Inc. (IBC) has a mission to provide their clients with unbiased information. IBC is not affiliated with companies that sell insurance to assure that the information they provide is completely unbiased; they do not benefit financially from any insurance recommendations. Combined, IBC’s staff possesses over…
Read MoreAn Architect’s Guide to Flood Insurance
