From roof-mounted solar panels and automated warehouses to electric vehicle depots, green technologies are transforming commercial property risk profiles.
While these innovations improve energy efficiency and sustainability, they also introduce new challenges: including fire hazards from solar photovoltaic (PV) systems, elevated fire loads from robotics, and lithium-ion battery risks in automotive manufacturing plants and electrical vehicle hubs.
But evolving building codes and global sustainability regulations mean that the embrace of environmental, social and governance (ESG) criteria are no longer optional for businesses and by extension, their insurers. And while sustainable building practices may mean higher upfront costs for insurers, they also push the industry to adapt to the changing world.
(Editor’s note: ESG refers to a set of standards used to measure an organ…