Cape Town, September 25, 2014—The Green
Business Council of South Africa and IFC, a member of the World Bank Group,
have launched of IFC’s EDGE certification program in South Africa. The
program, which will be focused on the residential property sector in South
Africa, includes innovative software to help home builders determine the
financial viability of green construction.
The launch follows in the wake of the GBCSA’s
successful My Green Home campaign that provides education and awareness
about the cost effectiveness of including environmentally efficient components
in construction. IFC and GBCSA conducted a detailed market research study
on the potential need and impact of EDGE in the South African market.
Brian Wilkinson, CEO of the GBCSA, said “Entry
into the housing market is a major milestone in our commitment to bolstering
green building in all sectors of property development in South Africa.
The groundbreaking partnership between the GBCSA and IFC will see South
Africa become the first country to operate the EDGE certification program
for homes on behalf of IFC.”
The new partnership puts South Africa in
a leading position globally to test and apply a green rating system for
homes on a large scale. EDGE will extend the GBCSA’s efforts to transform
the way that homes, the largest sector of the property market, are built.
The commercial office sector is already covered by the GBCSA’s Green Star
SA rating tool.
EDGE is short for “Excellence in Design
for Greater Efficiencies” and seeks to help transform the property sector
in rapidly urbanizing countries by influencing design considerations. To
achieve the EDGE standard, a minimum savings of 20 percent in energy, water,
and embodied energy in materials must be met. Built on a user-friendly
interface, the EDGE software determines utility savings at the early design
stage to make a compelling financial case for building green. More information
can be found at www.ifc.org/edge.
“The goal of IFC’s EDGE program is to help
build capacity for developers, banks, and governments to mainstream resource-efficient
buildings in rapidly growing economies around the world,” said Marcene
Broadwater, IFC’s Global Head of Climate Strategy and Business Development.
“With EDGE, builders can assess the most cost-effective ways of bringing
green features into their designs, financiers can offer better terms to
developers and green mortgages for homeowners, and governments can do their
part through incentives and improved regulations.”
The GBCSA has secured the support of the
National Home Builder Registration Council as the local rollout partner.
IFC, a member of the World Bank Group, is
the largest global development institution focused exclusively on the private
sector. Working with private enterprises in about 100 countries, we use
our capital, expertise, and influence to help eliminate extreme poverty
and boost shared prosperity. In FY14, we provided more than $22 billion
in financing to improve lives in developing countries and tackle the most
urgent challenges of development. For more information, visit www.ifc.org.
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