Washington, D.C., July 16, 2013—IFC,
a member of the World Bank Group, and the World Green Building Council
(WorldGBC) today announced that they will collaborate to rapidly scale
up the construction of green buildings in emerging markets. The new partnership
demonstrates a shared commitment to playing a leadership role in transforming
the built environment and mitigating climate change.
The WorldGBC has agreed to connect its network of national green building
councils to IFC’s investment and advisory program. The WorldGBC’s local
affiliate councils will certify green buildings through IFC’s EDGE, a
new web application that reveals solutions at the early design stage to
reduce energy, water, and material consumption by 20 percent.
The partnership will focus on rapidly
urbanizing countries with surging population growth that need to build
sustainably to avoid emissions growth, bolster energy security, and minimize
resource depletion. The built environment is expected to double by 2050;
China alone has the potential to add 53 billion square meters of building
space, which is equivalent to the building stock of Latin America today.
To date IFC has invested more than $570
million in resource-efficient buildings, including directly and through
financial intermediaries. IFC has also worked with the governments of Colombia,
Indonesia, the Philippines, and Vietnam to help develop their regulatory
“By leveraging the capabilities
of the World Green Building Council and IFC, together we can provide accessibility
to the entire green building industry while addressing the core needs of
developing countries,” said Prashant Kapoor, Principal Industry Specialist,
Green Buildings, IFC. “It is a window of opportunity to democratize the
green buildings market.”
“The business case for green buildings
continues to drive change throughout the world,” said Jane Henley, CEO,
WorldGBC. “The WorldGBC and IFC are organizations dedicated to transforming
the marketplace so that all buildings are more sustainable and efficient.
Together, as leaders in this movement, we have an opportunity to directly
affect sustainability on a global scale.”
The partnership was announced at “Transforming
the Built Environment in Emerging Markets” on July 16 at IFC’s headquarters
in Washington. For a complete recording of the event, visit www.ifc.org/edge.
IFC, a member of the World Bank Group, is the largest global development
institution focused exclusively on the private sector. We help developing
countries achieve sustainable growth by financing investment, mobilizing
capital in international financial markets, and providing advisory services
to businesses and governments. In FY12, IFC’s investments reached an all-time
high of more than $20 billion, leveraging the power of the private sector
to create jobs, spark innovation, and tackle the world’s most pressing
development challenges. For more information, visit www.ifc.org.
About the World Green Building Council
The World Green Building Council is
a network of national green building councils in more than ninety countries,
making it the world’s largest international organization influencing the
green building marketplace. The WorldGBC’s mission is to strengthen green
building councils in member countries by championing their leadership and
connecting them to a network of knowledge, inspiration, and practical support.
For more information, visit www.worldgbc.org.
About the U.S. Green Building Council
The U.S. Green Building Council (USGBC)
is committed to a prosperous and sustainable future through cost-efficient
and energy-saving green buildings. USGBC works toward its mission of market
transformation through its LEED green building program, robust educational
offerings, a nationwide network of chapters and affiliates, the annual
Greenbuild International Conference & Expo, the Center for Green Schools,
and advocacy in support of public policy that encourages and enables green
buildings and communities. For more information, visit www.usgbc.org.