601095 - EDGE LAC Vol

Who We Are
Who We Are

IFC is the largest global development institution focused on the private sector in developing countries. By encouraging growth, IFC advances economic development, creates jobs and improves the lives of people.
More About Us
About IFC

Our Leadership

Development Partners
Accountability

Learn more about accountability
Annual Report

Download the Report
What We Do
What We Do

IFC advances economic development and improves the lives of people by encouraging the growth of the private sector in developing countries. We achieve this by investing in impactful projects, mobilizing other investors, and sharing expertise.
What We Do Overview
SOLUTIONS

Our products and services
OUR PRIORITIES

Climate Business

Fragile & Conflict Afflicted Situations

Gender

Mobilizing Private Capital

Sustainability
SECTORS & EXPERTISE

Agribusiness & Forestry

Creative Industries

Education

Financial Institutions

Funds

Health

Infrastructure

Manufacturing

Public-Private Partnerships

Tourism, Retail & Property

Trade & Supply Chain Finance

Venture Capital

Working Upstream
Where We Work
Where We Work

As the largest global development institution focused on the private sector, IFC operates in more than 100 countries around the globe. We apply lessons learned in one region to solve problems in another.
Overview
By Region

Africa

East Asia and Pacific

Europe

Latin America and the Caribbean

Middle East and Central Asia

South Asia
Our Impact
Our Impact

Our impact improves lives. IFC brings a clear set of advantages to the world’s most challenging markets. Including a history of innovation, a global mandate, and a determination to achieve measurable development impact.
Our Impact Overview
PRINCIPLES & MEASUREMENT

Impact Investing at IFC

Measuring and Monitoring (AIMM)

Evaluation

Sustainable Development Goals (SDGs)

Owned by 186 member countries and consistently rated AAA/Aaa. IFC aims to achieve our mission of promoting development by providing debt and equity to the private sector, through a range of benchmark and bespoke products.

For Partners

For Investors

Get in Touch

Summary of Advisory Services Project Information

Project Number

601095

Primary Business Area

Cross-Industry Advisory Services

Disclosure Date

Feb 29, 2016

Country

Latin America and the Caribbean Region

Region

Latin America and the Caribbean

IFC Approval Date

Oct 21, 2015

Status

Completed

Estimated Total Budget

$1,500,000.00
(Project budget includes all project-funded activities)

Last Updated Date

Jun 12, 2021

Project Estimated End Date

Jun 30, 2018

Project Description

The project will be structured in two components:

Component 1: Development and Implementation of EDGE Voluntary Certification.
This component will be implemented through two sub-components:

1.1: Development of Local Capacity for Voluntary Certification.
This sub-component will seek to develop local capacities with regards to green building and EDGE voluntary certification. More specifically, this component aims to increase the capabilities and skills of each Local Partner and other important stakeholders such as architects, engineers, developers etc.

1.2: Implementation of EDGE Voluntary Certification.
The launch of the certification program in a given geography will be phased. First, a pilot of at least two project will trial run the certification process, then the program will be rolled out in the specified geography (city/region/country).

Component 2: Dissemination of the results and lessons learned.
The aim of this component is to promote green buildings in the selected countries in LAC, to capture experiences and lessons learned to disseminate them as a means to further help the deployment of green building projects across LAC and in other regions. Knowledge sharing is essential to provide key (private and public) stakeholders with space to interact, share experiences and develop partnerships to replicate good practices related to green buildings. IFC Specialists as well as experts from LAC and other regions will also be brought together for sharing of best practices.

Development Results

The overall objective of the project is to contribute to the reduction of GHG emissions in the construction sector in LAC countries by promoting the design and construction of cost-effective resource efficient (green) buildings. This will be achieved by strengthening the local capacity to implement an EDGE-based voluntary green building certification system. This intervention will be mainly focused in the mass housing and commercial buildings segments.

Indicator	Calendar Year 2020 Results	Cumulative Results as of 2020
Number of entities receiving advisory services	Not Available	10
Number of participants in workshops, training events, seminars, conferences, etc.	Not Available	966
Number of workshops, training events, seminars, conferences, etc.	Not Available	33
Number of entities that implemented recommended changes	Not Available	7

E&S Risks / Impacts and Mitigation

Performance Standard	Description and Potential Impact	Mitigation
PS 1. Assessment and Management of Environmental and Social Risks and Impacts	As part of its Due Diligence, and as mandated by IFC's Sustainability Policy, IFC team has screened this project to assess consistency with IFC's Performance Standards. The principles of the relevant Performance Standards have been applied to the project design. Environmental and social risks will continue to be reviewed throughout the life-cycle of the project.	IFC's advice will be provided in a manner consistent with the principles of the relevant Performance Standards. The IFC team will assist the client, as the final decision maker, in gaining a good understanding of IFC's Performance Standards and will provide recommendations for appropriate mitigation measures whenever warranted.

This Summary of Advisory Services Project Information (ASPI) is prepared by IFC to disclose a factual summary of the main elements of this advisory services project. It may also include findings and recommendations related to environmental and social considerations regarding this project. The purpose of the ASPI is to enhance the transparency of IFC's activities. For any project documentation or data included or attached herein, whether prepared by the project sponsor or otherwise, authorization has been given for public release by the client. IFC considers that this ASPI is of adequate quality for release to the public, but has not necessarily independently verified all of the project information therein.
It is distributed within sixty days of project's approval and may be updated periodically afterwards. Total budget and start dates are estimates only. The following ASPI is disclosed in accordance with IFC's Access to Information Policy (AIP) that went into effect on January 1, 2012.

The map is for illustrative purposes and does not imply the expression of any opinion on the part of the World Bank, concerning the legal status of any country or territory or concerning the delimitation of frontiers or boundaries. Country borders or names do not necessarily reflect the World Bank Group's official position. In some cases, available project location information is limited to the country of the project's activities. Locations are approximate.

Projects

Summary of Advisory Services Project Information

Project Description

Development Results

E&S Risks / Impacts and Mitigation

Similar Projects

Projects

Summary of Advisory Services Project Information

Project Description

Development Results

Development Impact / Project Objectives for Public Disclosures

Development Results

E&S Risks / Impacts and Mitigation

E&S Risks / Impacts and Mitigation

Press-Release

Additional Documents

Similar Projects

Disclaimer