Ho Chi Minh City, December 16, 2014—IFC,
a member of the World Bank Group, has awarded its first EDGE resource efficiency
certifications in Vietnam to building designs being developed by Nam Long
Investment Corp. and FPT City Da Nang JSC.
The EDGE (“Excellence in Design for Greater Efficiencies”) rating system
aims to help save energy, water consumption, and embodied energy in building
materials while reducing greenhouse gas emissions. Nam Long Investment
and FPT City Da Nang are the first companies to achieve EDGE certification
for a building project in Vietnam, where the building sector consumes up
to 36 percent of electricity and contributes to the country’s 12 percent
annual increase in greenhouse-gas emissions - among the highest growth
rates in the world.
IFC’s EDGE is a new building resource efficiency certification system
created for emerging markets. It provides clients with technical solutions
for going green and captures capital costs and projected operational savings.
“In parallel with the mandatory Building Energy Efficiency Code [QCVN
09:2013/BXD], we encourage investors, developers, and practitioners to
build more environmentally responsible buildings by meeting reliable voluntary
certification standards like EDGE,” said Nguyen Trung Hoa, Director of
the Department of Science, Technology, and Environment, in Vietnam’s Ministry
of Construction. “This will help cut costs and greenhouse gas emissions,
improving the community.”
Already recognized for the quality of its low and middle-income residences,
Nam Long, an IFC’s investee, has gone further in making its Bridge View
Apartment truly resource efficient. Adopting improved features such as
a low embodied-energy facade, energy-efficient lighting and low-flow faucets,
the Bridge View Apartment is expected to achieve reductions of 20.02 percent
in energy, 21.7 percent in water, and 26.8 percent in materials.
“Being the first EDGE-awarded real estate developer in Vietnam, we are
showing our strong commitment in developing affordable but environmentally
friendly residences with high quality of life standards,” said Nguyen
Ngoc Thanh, Design Director of Nam Long Investment Corp.
While the drivers behind EDGE are financial, the results are environmental
– EDGE helps mitigate climate change by encouraging resource-efficient
development in homes, hotels, retail outlets, hospitals, and offices.
Covering an area of 5.9 hectares, FPT City Da Nang JSC’s premises is a
top-end office complex in Da Nang city, expected to accommodate some 10,000
employees in the next two years. FPT’s office building has an excellence
in design for efficiency solutions in grey and black water treatment, rain
collection, high efficient cooling systems, and energy efficient lighting.
It is expected to reduce energy consumption by up to 20.97 percent, lower
water use by up to 31.8 percent and the energy used to produce building
materials by 20.2 percent.
“The EDGE Certificate awarded to FPT City Da Nang JSC’s office building
is a result of the company’s strategy to support initiatives that increase
the sustainability level of the construction sector while improving environmental
conditions in urban centers,” said Bui Thien Canh, Managing Director of
FPT City Da Nang JSC.
“The EDGE system shows a strong business case for resource efficient building,
where financing and environment can come together,” said Wendy Werner,
World Bank Group’s Practice Manager for Trade & Competitiveness for
East Asia and the Pacific. “We hope more of Vietnam’s building developers
will adopt the EDGE system once they learn of the benefits of certification.”
To qualify for EDGE Design Certification, companies must utilize the EDGE
software to prove their building design will reduce energy, water, and
embodied energy in building materials by at least 20 percent compared to
conventional buildings. The online software is available for free at www.ifc.org/edge.
Upon construction completion, the buildings will be evaluated for EDGE
IFC’s work to promote green buildings in Vietnam is delivered in partnership
with the Switzerland’s State Secretariat for Economic Affairs (SECO).
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.