IFC, a member of the World Bank Group, is the largest global development institution focused exclusively on the private sector in developing countries. IFC works in more than a 100 developing countries and helps companies and financial institutions in emerging markets to create jobs, generate tax revenues, improve corporate governance and environmental performance, and contribute to their local communities.
IFC has been investing in climate businesses for over 10 years and has committed to reaching an annual climate investment flow representing 28% of total investments by 2020. As the international community contemplates how to keep warming within a 2 degree increase, they are looking to the private sector to provide insights into how to build more sustainable economies. Green buildings have been a growing part of IFC’s climate-related investments. To date IFC has committed over $2 billion in the green building sector. One highly successful program in this regard has been the EDGE Green Building Program (Excellence in Design for Greater Efficiencies) which includes the launch of a simple, affordable voluntary certification program (see www.edgegreenbuildings.com).