IFC, a member of the World Bank Group, has chosen the Philippine Green Building Initiative (PGBI) as their partner to promote the green building sector through the use of EDGE, a green building certification system for emerging markets. The PGBI, a non-profit group of professional associations promoting energy efficient and environment-friendly design and construction, will be named as the exclusive certification provider for Philippines’ EDGE projects.
According to Yuan Xu, IFC country manager, IFC and PGBI share the same goals in which together they would want to see more green building designers and developers turning the market into one that invites economic growth, minimizes resource consumption, reduction of greenhouse gas emissions and generates savings for building owners and residents.
Amando de Jesus, PGBI president, said that the impact of global warming had significantly been the fundamental factor for PGBI’s establishment. EDGE, a design and investment planning tool, is an immediate action that offers developers a leadership opportunity while helping to mitigate climate change.
EDGE (Excellence in Design for Greater Efficiencies) is IFC’s green building certification system to promote energy efficiency through building designs that reduce energy – including power used in making construction materials – and water. IFC (International Finance Corporation) is the largest global development institution focused on the private sector in emerging markets.