Increasing debt and equity investment flows to green buildings while providing macro-level guidance is central to IFC’s sustainability strategy. By encouraging innovation, IFC helps building owners in emerging markets to deliver carbon reductions, lower operating and maintenance costs, and achieve marketplace distinction.
IFC partners with other financial institutions and local banks to make direct investments in the following types of client-owned green buildings, whether new or retro-fitted:
Green building owners benefit from improved occupancy and lease rates due to more productive work and living environments. They also experience risk reduction from environmental regulations that are becoming more stringent, and avoid obsolescence.
To make the decision to “go green” easier and more affordable, IFC now offers an innovative investment tool for emerging economies. The IFC EDGE Green Building Certification System enables building owners to discover the best technical solutions for their environmentally friendly buildings without the need for expensive building specialists. Green buildings owners certified by EDGE can feel confident that they have achieved a universal standard of excellence.
Today, green buildings offer the single largest global opportunity to make deep emission cuts at low or even negative cost. This is especially true in countries with high CO2 from buildings, steep cost of electricity, and accelerating urbanization.
Building owners face a real danger of locking in inefficiencies for decades if their buildings are constructed unsustainably. IFC invites these owners to join us in the creation of a global best practice for green buildings.
In 2009, IFC supported the Coco Ocean Resort & Spa, in The Gambia, the first dedicated spa resort in West Africa. The owners’ strong commitment to environment, health, and social matters, together with high-energy costs in The Gambia, made energy conservation a priority. Coco Ocean’s use of creative and sustainable design to minimize energy and water consumption and maximize cost savings is a great example of green building design in the tourism sector.