In this report, GIC and S&P Global Sustainable1 analyses the escalating risk that physical climate hazards will bring, and explores investment opportunities in climate adaptation.

Stadiums and venues provide a central and accessible location to help communities respond to extreme weather crises, providing safe storage and shelter in times of need. With these events becoming more frequent, severe and expensive, FEMA Administrator Deanne Criswell and NFL Chief Security Officer Cathy Lanier today announced that FEMA and the NFL are launching a new strategy to build resilience in communities through a program that will designate NFL stadiums and fields as mission capable venues that can be used during response and recovery missions. Through Mission Ready Venues, a public-private partnership, NFL stadiums are recognized for their capabilities to better sustain public safety and be a source of support for the communities they serve. The designation identifies the ways the stadium or venue could be used for response and recovery activities during declared emergencies or disasters.