Washington, D.C., November 22, 2023 - IFC, the private sector arm of the World Bank, proudly announces the recognition of 20 EDGE Champions from around the world for their unwavering commitment to decarbonize their building portfolios. This recognition, from IFC highlights their dedication to sustainability via the use of IFC's green building solution, EDGE (Excellence in Design for Greater Efficiencies).
EDGE is a free software, a green building standard, and an international green building certification system, which has seen exponential growth since its inception in 2015. To date, EDGE has certified as green a cumulative total of over 65 million square meters of floor space globally, saving a total of over 1.3 million tons of CO2 annually, equivalent to the emissions of almost 300,000 gasoline-powered passenger vehicles.
As EDGE Champions, these companies have made a commitment to prioritize green building practices and aim to certify at least 80% of their building portfolios using the EDGE certification. As of 2023, around the world, a total of 79 companies have already made this commitment.
"The climate crisis requires urgent action at scale and EDGE is achieving just that. In the seven short years since it was founded, it spread across the world, with EDGE-certified buildings in 96 countries today with over 63 billion dollars in asset value. This scale, this urgency, is what EDGE is bringing to the built environment," said Jamie Fergusson, Global Director Climate, IFC.
Meet the Champions
With projects certified across the Americas, Africa, Europe, the Middle East and Asia, this year's Champions represent Brazil, Colombia, Ghana, Mauritius, Mexico, Peru, and South Africa.
COMVIVE is a Mexican residential developer of energy efficient homes in sustainable communities, committed to building toward the goal of Net Zero. COMVIVE is committed to sustainable development, addressing the environmental, social, and economic challenges facing humanity, and is committed to the UN's Sustainable Development Goals.
Ashmore is one of the world's leading investment managers dedicated to Emerging Markets with a long history of outperforming the market. With the belief that there are many potential asset classes in emerging countries - as capital markets grow rapidly in emerging markets – they are part of that growth, both enabling access to these markets through developed world pools of capital, but also increasingly by emerging market pools of capital.
Founded in 1997, Goldkey Properties has been developing award-winning top-quality commercial, residential, and mixed-use spaces all over Accra, Ghana.
Consorcio ARA is engaged in the design, promotion, construction and sale of Affordable Entry Level, Middle Income and Residential housing developments, as well as building and leasing shopping centers in Mexico. So far, ARA has sold around 389,200 homes and today approximately 1,557,000 people live in ARA homes. It currently has a presence in 15 states, with 41 developments in operation.
Divercity Urban Property Group, invests in affordable rental housing in well-located urban precincts with scale across South Africa. This enables Divercity to deliver market-beating returns for investors, while making a significant positive social and environmental contribution.
IDEI is considered one of the most remarkable real estate companies in the North of México. With 50 years of history, its purpose is to build a better Mexico, following its mission to create sustainable, unique, and avant-garde real estate projects that improve people's quality of life.
Grupo Oikos has developed more than eight million square meters in Industrial, Institutional, Housing and Commercial projects across Colombia. Their projects are based upon the principles of customer satisfaction, minimization of significant environmental impacts and prioritization of health and safety.
Paladin Realty Partners is a real estate private equity investment manager and operator focused on value-added and opportunistic real estate investments in the United States and selected markets throughout Latin America. Paladin has one of the longest track records of any institutional fund manager in Latin America, actively investing in Brazil, Mexico, and the Andean region since 1998, including more than 37,000 housing units, as well as select commercial, multifamily, student housing, senior housing, and mixed-use properties.
BSF Almacenes del Perú are leaders and pioneers in warehouse development in Peru. With more than 650,000 square meters built, BSF strives to build a just and equitable world, in complete harmony with the environment. To do this, they align their actions with the Sustainable Development Goals (SDGs) of the United Nations (UN). One of BSF's objectives is to develop the first zero-carbon logistics center in the region.
Lango Real Estate is a private real estate company focused on the acquisition of prime income generating commercial real estate assets in key gateway cities across the African continent. Originally established in partnership with the IFC, Lango has emerged as a leader in the asset class in Africa, with a global shareholder base and assets worth more than $600million, diversified across four countries. Lango has embarked on a roadmap to list on the London Stock Exchange in 2025.
BESCO is a Peruvian real estate and construction company and a subsidiary of BESALCO, a construction holding in LATAM founded in 1944. BESCO in Peru has 25 years of experience and has built more than 30 million sq. ft. in residential and commercial construction, sports facilities, construction for mining, and school infrastructure.
JAVER is a prestigious Mexican housing developer based in Monterrey, Nuevo León. Operating since 1973, they are celebrating their 50th anniversary in delivering high-quality projects for different market segments.
Belgica Edificaciones is a Peruvian real estate developer created in 1996, focused on the promotion of multi-family housing real estate projects that maximize the added value provided to clients, including sustainability criteria that allow savings, without reducing comfort or quality of life.
FIBRA Macquarie México is a premier owner of institutional quality industrial and retail real estate with a best-in-class internal property management platform and attractive growth pipeline. The company aligns its ESG commitments, investment strategies, and business operations to globally recognize and adopt sustainability objectives.
Los Portales is recognized for carrying out large-scale real estate projects in the residential sector with more than 50 years of experience in supporting the growth of Peru. They have projects in 9 provinces and 18 cities, leading the development of businesses in the real estate sector.
Fibra Shop is a real estate investment trust created primarily to acquire, develop, and operate a wide range of shopping centers in Mexico. Fibra Shop's main objective is to provide attractive long-term risk-adjusted returns to holders, through stable cash distributions and the appreciation of their real estate assets.
Founded in 2004, Madrid Inmobiliaria builds residential projects for the affordable and middle-income segment in Peru. The company is currently certifying 100% of its portfolio with EDGE and was the first in Peru to obtain an EDGE certification, helping drive the development of green buildings in the country.
Vesta is a real estate holding and development company, specialized in leasing industrial facilities and distribution centers in Mexico. Currently, the company has presence in 11 States and 95% of its customers are multinational firms dedicated to light manufacturing and distribution.
Vinte develops comprehensive sustainable communities where clients not only have a home, but also, they are able to access other types of infrastructure including educational, commercial, and recreational facilities, connectivity services and technology for community development. Between 2019 and 2022, Vinte has certified 8,299 EDGE homes located in 6 states across Mexico, including 841 EDGE Advanced-certified homes.
VitaIn Inmobilaria is a Peruvian real estate development company born from the experience of professionals specialized in areas such as architecture, engineering, construction, management, and real estate advisory. They have the support of Grupo López, a construction company that began building residential projects in 2008. Their objective is to promote exclusive and modern residential buildings, which will improve the quality of life of families.
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 2023, IFC committed a record $43.7 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 global compounding crises. For more information, visit www.ifc.org
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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 offers up solutions to reduce energy, water, and the energy embodied in building materials by at least 20 percent. EDGE certification is recognized by the major green finance standards and streamlines impact reporting requirements.
The simplicity and affordability of EDGE, plus its focus on quantifying emission reductions makes it invaluable to map and track a path to zero carbon. The program has been generously supported by the following donors: Austria, Canada, Denmark, ESMAP, EU, Finland, GEF, Hungary, Japan, the United Kingdom, and Switzerland. For more information, visit www.edgebuildings.com.
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