Conveyancing Information Executive updates climate change practice note following lender updates
Summary
The Conveyancing Information Executive has updated its climate change compliance note to reflect changing lender expectations and a stronger focus on evidence-based management of climate-related risks in property transactions. The revision aligns with the Prudential Regulation Authority's updated supervisory approach and expands attention to both physical risks, such as flooding and wildfires, and transition risks, including energy performance.
Why it matters
Residential property surveyors increasingly need to understand how climate-related risks are being assessed and reported within conveyancing and lending processes. The update signals that environmental reporting and property risk advice are becoming more integrated into transaction workflows and lender requirements.
Key points
- CIE has revised its climate change compliance note.
- The update reflects PRA Supervisory Statement SS5/25 replacing SS3/19.
- Physical risks highlighted include heat stress, flooding and wildfires.
- Transition risks include energy performance in property transactions.
- The note also clarifies support expectations from environmental report suppliers.
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