- Asia / Pacific
- Europe and Central Asia
- Latin America / Caribbean
- Middle East
Sectors of activity
Water, Buildings and construction, Energy
Type of initiative
Capacity Building & Implementation, Financial Instruments & Investments, Policy Frameworks & Tools
Type of lead actor
United Nations / intergovernmental organizations
IFC’s Green Buildings Market Transformation Program helps to create a virtuous cycle of supply and demand for resource-efficient building design, construction and ownership. The aim is to set a metrics-driven definition of what constitutes a green building, reward property developers for building green, increase regulatory pull, and promote direct investment. The Program aims to certify as green 20% of new construction in key sectors and markets around the world, serving as the shifting point after which the market will demand green.
IFC has a four-part strategy for promoting green construction, with results in the following:
Investment and advice in the building sector: Over $4.5 billion invested from IFC's balance sheet in green construction. Relationships with developers and associations around the world.
Investment and advisory for banks: Over $500 million invested in financial institutions for green construction and mortgages. Ambitious program signed with the UK Government to deploy $150 million in concessional financing and advice to local FI's to finance green buildings.
Green building codes and incentives: Direct advice to several national and local governments around the world to create implementable green building codes. Tracking of fiscal and non-fiscal incentives for green construction on EDGE website.
EDGE certification program: Over 4.5 million square meters certified through a program tailored to emerging markets, with a robust database of case studies.
Impact and Results
4.5 million m2 certified so far, with the aim to certify 20% of new construction in key markets around the world. Comprehensive database of certified projects, including their impact and technical solutions, available at https://www.edgebuildings.com/projects/
Next steps and how to get involved
Interested stakeholders can get educated about EDGE through our ongoing awareness and training webinars listed at www.edgebuildings.com/events. IFC can also hold tailored Discovery Workshops to train stakeholders and map out next steps. IFC also holds trainings for EDGE Experts who become an accredit local technical advisor to developers and investors looking to launch green projects.