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Real-estate sector can impact climate action, EU pension authority says

( September 24, 2025, 13:19 GMT | Official Statement) -- MLex Summary: Climate-related insurance losses will only keep climbing unless action to build more weather-resistant buildings is taken, European Insurance and Occupational Pensions Authority chair Petra Hielkema said in a speech on Tuesday. As physical and regulatory risks pose threats to real estate in disaster-prone areas, Hielkema encouraged the sector to innovate in climate resilience through energy-efficient retrofits, disaster-resilient design and climate-smart construction. To incentivize wider and more immediate adherence, EIOPA  welcomed the EU simplification of sustainability rules, known as the Sustainability Omnibus Package. Full speech follows:...

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