First Street’s Jeremy Porter Urges Holistic Approach to Assessing Climate Risk Impact

Jeremy Porter, chief economist at First Street, joined the REIT Report podcast to discuss the evolving landscape of climate risk and its significant impact on corporate operations and financial performance. Porter explained how physical climate risk now propagates through assets, suppliers, commodities, customers, and transportation networks. “Prior to this, we were thinking about all of these independently, or we were thinking about a supply chain independent of physical climate risk, and the ability to sort of pull all of those things together really helps to price in the downside and to protect facilities through adaptation and mitigation in a way that we weren't thinking about previously,” he said. Porter shared how corporate attitudes towards climate risk have shifted from it being a peripheral concern to a core financial risk indicator. The conversation highlighted the quantifiable effects of climate risk on corporate revenues, the investment community's response, and the challenges posed by rising insurance costs.

You can listen to First Street’s Jeremy Porter Urges Holistic Approach to Assessing Climate Risk Impact online on Radio and Podcast. Open the player on this page to stream the available audio.

First Street’s Jeremy Porter Urges Holistic Approach to Assessing Climate Risk Impact is an episode from Nareit's REIT Report Podcast by Nareit.

This episode is 14:20 long.

This episode was published on Feb 24, 2026.

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