PROJECT

Projects

Summary of Advisory Services Project Information

Project Number

608148

Primary Business Area

Manufacturing, Agribusiness & Services

Disclosure Date

Feb 16, 2025

Country

Thailand

Region

East Asia and the Pacific

IFC Approval Date

Jul 20, 2023

Status

Active

Estimated Total Budget

$349,146.00
(Project budget includes all project-funded activities)

Last Updated Date

Feb 19, 2025

Project Estimated Start Date

Jul 1, 2023

Project Estimated End Date

Jun 30, 2025

Client Legal Name

CENTRAL PATTANA PUBLIC COMPANY LIMITED

Project Description

This project entails an opportunity for IFC to employ its developed Greening Real Estate Investment Portfolios (GRIP) program, an integrated advisory-investment package to help real estate owner to develop and finance a holistic decarbonization strategy across their portfolios and value chain. The objective is to aggregate retrofit and new construction projects under a portfolio engagement to create sizeable investment opportunities. The portfolios are expected to be a mix of new build, existing green buildings, and non-green buildings. The focus would be on institutionally owned, investment assets including office, retail malls, warehousing and industrial real estate, hotels, data centers, hospitals and education buildings to ensure concentrated ownership and diversification. As part of the GRIP rollout in EAP, IFC will support Central Pattana Public Company Limited (“CPN”) to conduct assessments for Excellence in Design for Greater Efficiencies (“EDGE”), review CPN's decarbonization strategy, undertake a baseline assessment of embodied carbon emissions and help develop Sustainability-linked/Thematic Financing Framework.

Development Results

E&S Risks / Impacts and Mitigation