Mortgage Bankers Association
Climate Impact & Sustainability Data (2005)
Reporting Period: 2005
Environmental Metrics
ESG Focus Areas
- Environmental
Climate Goals & Targets
Environmental Challenges
- Mold and dampness in commercial real estate causing direct damage, loss of use/rental value, stigma damages, and third-party liability.
- Lack of reliable scientific data on the health effects of mold exposure.
- Inconsistent judicial interpretations of insurance policy provisions related to mold.
- Limited availability of mold insurance coverage.
Mitigation Strategies
- Development of a white paper to provide information and guidance on mold issues.
- Recommendations for mold prevention, reduction, and remediation strategies.
- Emphasis on risk management techniques to assess and address mold-related risks.
- Advocacy for further scientific research on mold and its health effects.