Sao Paulo, Brazil, April 19th, 2022— IFC, a member of the World Bank Group, and the Brazilian Chamber for the Construction Industry (CBIC) are partnering to promote the decarbonization of the built environment in Brazil through the design and construction of resource efficient buildings using EDGE (Excellence in Design for Greater Efficiencies).
IFC and CBIC will work together to disseminate knowledge, create capacities to design eco-efficient buildings and promote access to EDGE certification among the private real sector, including small and medium-sized enterprises, developers, professionals and industry associations. An IFC innovation, EDGE certification offers a free software to identify cost-efficient measures to design a green building with a lower environmental impact and cheaper operational costs. To obtain an EDGE certificate, a construction project should achieve at least 20% of savings in energy, water, and embodied energy in building materials when compared to a conventional building.
Under the partnership, the two institutions will promote the EDGE certification among CBIC members via virtual training for management and staff. IFC will also work with selected CBIC members to help them plan a pathway to zero carbon emissions and evaluate the opportunities and challenges of the Green Building market penetration in Brazil.
"Green buildings offer a win-win for all: developers gain market differentiation and faster sales, property owners achieve lower operating costs and a better return to their investment, and society in general benefits from a more efficient use of the planet's resources," says José Carlos Martins, president of CBIC.
"Encouraging green building projects in the construction industry is key to lay the foundation for a green economic recovery. Together with CBIC, we are demonstrating that it is possible to reduce the socio-environmental impacts of the sector, help mitigate the climate pressure of urbanization and open up new green economic opportunities in the country," says Carlos Leiria Pinto, IFC's Country Manager in Brazil.
"IFC is honored to work with CBIC to help communicate the benefits of building green. EDGE certification is growing rapidly in large part because of the bridge it offers between developers and financial institutions keen to invest in green assets. Working together, CBIC and IFC hope to accelerate the decarbonization of the building sector in Brazil," says Hania Dawood, IFC's Manager for Climate Strategy and Business Development.
The launch of the partnership will take place in a free, virtual event on April 19th, at 9 am (Brasilia Time). The webinar will feature EDGE experts and also a demonstration of successful cases in Brazil. The event will be open to the public, and registrations can be made on CBIC's website. In addition, CBIC and IFC are providing an exclusive E-book on green buildings, demonstrating the advantages and benefits of green certification.
IFC has identified the market potential for green buildings to be an estimated $24.7 trillion by 2030 across emerging market cities with more than half a million people. In June 2021, IFC announced its first partnership in Brazil to stimulate the green building market, with Itaú BBA. The initiative involves technical training for the bank's property developer clients and advisory services to identify opportunities in the green building market with the EDGE certification.
About CBIC
The Brazilian Chamber for the Construction Industry(CBIC) aims to address issues related to the construction industry and the real estate market. The entity institutionally represents the sector and promotes the integration of the construction production chain throughout the country, contributing to Brazilian economic and social development. CBIC acts in the promotion and articulation of the sector to forward the main demands and proposals to the public authorities, always with the objective of stimulating the productive sector, improving the business environment and the consequent generation of employment and income in the country. Learn more: www.cbic.org.br
About IFC
IFC—a member of the World Bank Group—is the largest global development institution focused on the private sector in emerging markets. We work in more than 100 countries, using our capital, expertise, and influence to create markets and opportunities in developing countries. In fiscal year 2021, IFC committed a record $31.5 billion to private companies and financial institutions in developing countries, leveraging the power of the private sector to end extreme poverty and boost shared prosperity as economies grapple with the impacts of the COVID-19 pandemic. For more information, visit www.ifc.org.
About EDGE
An innovation of IFC, EDGE helps property developers to build and brand green in a fast, easy and affordable way. EDGE is supported by free software that encourages solutions to reduce energy, water and the energy used to make building materials by at least 20 percent, which is the standard for EDGE certification. The program has been generously supported by the following partners: Austria, Canada, Denmark, ESMAP, EU, Finland, GEF, Hungary, Japan, United Kingdom, and Switzerland. For more information, visit www.edgebuildings.com.
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IFC and CBIC will work together to disseminate knowledge, create capacities to design eco-efficient buildings and promote access to EDGE certification among the private real sector, including small and medium-sized enterprises, developers, professionals and industry associations. An IFC innovation, EDGE certification offers a free software to identify cost-efficient measures to design a green building with a lower environmental impact and cheaper operational costs. To obtain an EDGE certificate, a construction project should achieve at least 20% of savings in energy, water, and embodied energy in building materials when compared to a conventional building.
Under the partnership, the two institutions will promote the EDGE certification among CBIC members via virtual training for management and staff. IFC will also work with selected CBIC members to help them plan a pathway to zero carbon emissions and evaluate the opportunities and challenges of the Green Building market penetration in Brazil.
"Green buildings offer a win-win for all: developers gain market differentiation and faster sales, property owners achieve lower operating costs and a better return to their investment, and society in general benefits from a more efficient use of the planet's resources," says José Carlos Martins, president of CBIC.
"Encouraging green building projects in the construction industry is key to lay the foundation for a green economic recovery. Together with CBIC, we are demonstrating that it is possible to reduce the socio-environmental impacts of the sector, help mitigate the climate pressure of urbanization and open up new green economic opportunities in the country," says Carlos Leiria Pinto, IFC's Country Manager in Brazil.
"IFC is honored to work with CBIC to help communicate the benefits of building green. EDGE certification is growing rapidly in large part because of the bridge it offers between developers and financial institutions keen to invest in green assets. Working together, CBIC and IFC hope to accelerate the decarbonization of the building sector in Brazil," says Hania Dawood, IFC's Manager for Climate Strategy and Business Development.
The launch of the partnership will take place in a free, virtual event on April 19th, at 9 am (Brasilia Time). The webinar will feature EDGE experts and also a demonstration of successful cases in Brazil. The event will be open to the public, and registrations can be made on CBIC's website. In addition, CBIC and IFC are providing an exclusive E-book on green buildings, demonstrating the advantages and benefits of green certification.
IFC has identified the market potential for green buildings to be an estimated $24.7 trillion by 2030 across emerging market cities with more than half a million people. In June 2021, IFC announced its first partnership in Brazil to stimulate the green building market, with Itaú BBA. The initiative involves technical training for the bank's property developer clients and advisory services to identify opportunities in the green building market with the EDGE certification.
About CBIC
The Brazilian Chamber for the Construction Industry(CBIC) aims to address issues related to the construction industry and the real estate market. The entity institutionally represents the sector and promotes the integration of the construction production chain throughout the country, contributing to Brazilian economic and social development. CBIC acts in the promotion and articulation of the sector to forward the main demands and proposals to the public authorities, always with the objective of stimulating the productive sector, improving the business environment and the consequent generation of employment and income in the country. Learn more: www.cbic.org.br
About IFC
IFC—a member of the World Bank Group—is the largest global development institution focused on the private sector in emerging markets. We work in more than 100 countries, using our capital, expertise, and influence to create markets and opportunities in developing countries. In fiscal year 2021, IFC committed a record $31.5 billion to private companies and financial institutions in developing countries, leveraging the power of the private sector to end extreme poverty and boost shared prosperity as economies grapple with the impacts of the COVID-19 pandemic. For more information, visit www.ifc.org.
About EDGE
An innovation of IFC, EDGE helps property developers to build and brand green in a fast, easy and affordable way. EDGE is supported by free software that encourages solutions to reduce energy, water and the energy used to make building materials by at least 20 percent, which is the standard for EDGE certification. The program has been generously supported by the following partners: Austria, Canada, Denmark, ESMAP, EU, Finland, GEF, Hungary, Japan, United Kingdom, and Switzerland. For more information, visit www.edgebuildings.com.
Stay Connected
www.ifc.org/lac
www.twitter.com/IFC_LAC
www.linkedin.com/company/ifc-américa-latina-y-el-caribe
www.facebook.com/IFCwbg
www.instagram.com/ifc_org/
www.youtube.com/IFCvideocasts
www.twitter.com/IFC_org
www.ifc.org/SocialMediaIndex
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