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Paris, 6 June 2016
– IFC, a member of the World Bank Group, has entered into a partnership with Bouygues Bâtiment International (BBI) to support the global construction leader in the greening of the majority of its future portfolio in emerging markets with IFC’s EDGE (“Excellence in Design for Greater Efficiencies”) green building certification. The partnership agreement - which follows the historic COP21 meeting in Paris where nations, banks and businesses agreed to work together to limit global warming by two degrees - was signed in Paris.
IFC and BBI decided to collaborate in recognition of their shared
aspirations that the construction industry must follow a more low-carbon, less resource-intensive path. Through this innovative partnership, IFC and BBI will work together to promote sustainable design practices across the globe.
BBI, which works on all five continents through a network of subsidiaries, plans to EDGE-certify at least 5 projects during the first year of the agreement and increase the volume of certified projects in emerging markets to 80 percent by 2020. BBI will pioneer the wide-scale uptake of EDGE certification, encouraging other major construction companies to follow.
An innovation of IFC, EDGE was created to respond to the need for a measurable solution to prove the financial case for building green and help jumpstart the mainstreaming of green buildings. EDGE includes complimentary software to empower building professionals to quickly and easily determine the most cost-effective ways to build green based on occupant behavior, building type and the local climate.
“We are very proud of this partnership which is above all based on common values and a shared vision of the future” said Daniel Rigout, CEO of Bouygues Bâtiment International. “If we want sustainable construction to become a reality for everyone around the globe, we need suitable tools. Thanks to EDGE, we will be able to bring a new added-value to our clients in emerging countries”.
“Bouygues Bâtiment International is proving what can be possible when you combine expertise, global prominence and high-quality delivery with the drive to be a front-runner in sustainable construction,” said Alzbeta Klein, IFC Director of Manufacturing, Agribusiness and Services Global Industries. “We are proud to see this long-standing IFC investment client step up to take on this challenge.”
With EDGE, IFC’s ambition is to transform 20 percent of the construction market in more than 100 industrializing countries with the support of industry leaders, governments and financial institutions. Resource-efficient buildings can significantly benefit the poor, as utility bills can absorb as much as 30 percent of a homeowner’s income in developing countries.
IFC has a green building investment portfolio of $1.5 billion, which includes its own direct investments and mobilized financing. Complementing its investment work, IFC advises governments on green building regulations in Colombia, Indonesia, Peru, the Philippines and Vietnam.
About IFC
IFC, a member of the World Bank Group, is the largest global development institution focused on the private sector in emerging markets. Working with more than 2,000 businesses worldwide, we use our capital, expertise and influence to create opportunity where it’s needed most. In FY15, our long-term investments in developing countries rose to nearly $18 billion, helping the private sector play an essential role in the global effort to end extreme poverty and boost shared prosperity. For more information, visit
www.ifc.org
.
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 encourages solutions to reduce energy, water and the energy used to make building materials by at least 20 percent, which is the standard for EDGE certification. The program
has been generously supported by the following donors: Austria, Canada, Denmark, ESMAP, EU, Finland, GEF, Japan and Switzerland. For more information, visit
www.edgebuildings.com
.
About Bouygues Bâtiment International
Bouygues Bâtiment International
is a subsidiary of
Bouygues Construction
. As a global player in construction and services,
Bouygues Construction
designs, builds and operates buildings and structures which, on a daily basis, improve the quality of people’s living and working environment: public and private buildings, transport infrastructures and energy and communications networks. As leaders in sustainable construction, the Group and its 53,500 employees have a long-term commitment to helping their customers shape a better life. In 2014, Bouygues Construction’s turnover was 11.7 billion euros. For more information, visit
www.bouygues-construction.com
.
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