NYC C-PACE Overhaul Adopts Loan-to-Value Underwriting, Boosting Loan Sizes

A new Capgemini Research Institute report finds that 68% of executives now say their organization actively prioritizes climate adaptation, up from 56% in 2025, yet only 15% have fully quantified the financial impact of climate-related disruptions. The fifth edition of A World in Balance: The resilience reset, based on a survey of 2,100 executives at 701 organizations with more than $1 billion in annual revenue across 13 countries, also shows the share of organizations falling behind on net zero goals rising to 11% in 2026 from 1% in 2025, with 29% saying they have postponed their net zero objectives, compared with just 8% last year. Nearly nine in 10 organizations report climate-related supply-chain disruptions, and more than seven in 10 executives say securing access to critical resources such as energy, water and materials now influences sustainability decisions more than emissions-reduction targets. Sustainability spending reached 1.04% of revenue last year, above the 0.8% initially allocated, and 83% of organizations plan to increase climate adaptation spending over the next 12 to 18 months. Cyril Garcia, Global head of Sustainability services and Corporate Responsibility at Capgemini, said climate disruptions have become the new normal and that leaders can no longer defer climate action.

With natural disasters such as torrential rains and earthquakes occurring one after another, the challenge is whether social infrastructure and housing can be restored quickly after a disaster. The Sanae Takaichi administration has listed disaster prevention and national resilience as one of 17 strategic investment areas, and expectations are growing in both the public and private sectors for the use of artificial intelligence and information and communications technology. According to materials compiled by the Ministry of Health, Labour and Welfare in March, the number of licensed construction contractors stood at 484,000 at the end of fiscal 2024, down about 20 percent from the peak at the end of fiscal 1999, while the number of workers in the construction industry in 2024 was about 4.77 million, down roughly 30 percent from the peak in 1997. The share of construction workers aged 55 and older is high at 36.7 percent, while those aged 15 to 29 account for only 11.7 percent. According to Teikoku Databank, construction industry bankruptcies in 2025 rose 6.9 percent from the previous year to 2,021 cases, increasing for a fourth consecutive year and marking the highest level in the past decade. A disaster management agency that will serve as the command center during disasters is scheduled to be established during 2026, and the Ministry of Land, Infrastructure, Transport and Tourism and local governments are advancing the use of satellite data and drone imagery to assess damage, while the introduction of remote-controlled construction machinery and automated construction is also progressing.

Nepal has estimated the damage from last week's severe floods at at least 387.5 billion Nepali rupees, or about $2.56 billion, covering property, homes, and infrastructure. The disaster occurred on August 26 after a glacial lake outburst sent a torrent of water and mud down the Trishuli River, killing more than 1,250 people and leaving over 4,200 missing. Dharma Raj Upreti, head of Nepal's National Disaster Risk Reduction and Management Authority, said that in the first four months of initial recovery, an estimated budget of about $52.6 million will be needed for building roads and temporary shelters, providing drinking water, and restoring electricity. Nepal needs to build about 20,000 new homes, of which at least 7,500 were completely destroyed. The damage figure is still a preliminary estimate and may be revised after detailed surveys.