IFC EDGE Awards its first Green Building Certificates to Two Mexican Companies
November 6, 2012- IFC, a member of the World Bank Group, awarded its first two EDGE (Excellence in Design for Greater Efficiencies) green building certifications to Mexican hotel chain Hoteles City Express and homebuilder Vinte Viviendas Integrales.
The two IFC clients were selected to pilot EDGE, an innovative green building certification system for emerging economies. EDGE was created to encourage business development in green buildings and to meet demand for a faster, simpler, and more affordable green-building certification process. It helps identify technical solutions at a building’s early design stage to increase resource efficiencies and reduce impacts on human health and the environment.
City Express was the first company worldwide to receive the certification for its hotel in Villahermosa, Mexico. VINTE received its certification for Privada Cresida, an affordable housing development in the Mexican state of Querétaro de Arteaga.
For their projects to earn certification, both companies had to achieve EDGE’s minimum standard 20 percent reduction in the use of energy, water, and other materials when compared to local benchmarks. Four more City Express hotels are being assessed by the EDGE program, along with one additional VINTE housing development.
"City Express was founded with a vision for sustainability, and this has been reflected in the company's actions across its hotel network,” said Luis Barrios, CEO of City Express. “IFC's EDGE certification provides an incentive to maintain and improve our processes for protecting the environment.”
"The EDGE certification provided by IFC will help expand sustainable financing from development institutions, which will facilitate the replication of our inclusive business model,” said Sergio Leal, CEO of VINTE.
With building-related greenhouse emissions likely doubling by 2030 and 70 percent of the world’s population living in urban areas by 2050, the demand for low-cost and energy-efficient buildings is growing. Green construction responds by lowering operating costs, reducing carbon footprints, and generating jobs through home-grown innovation.
“Now is the time to encourage large-scale adoption of green building design, before it is too late,” said Prashant Kapoor, IFC’s Senior Industry Specialist for Green Buildings. “By introducing EDGE, IFC has brought a solution to the marketplace that spells out the cost advantages of building green, while at the same time defining a much-needed universal green building standard.”