The International Finance Corporation (IFC) has certified CRDB Bank's head office as an EDGE green building. The EDGE [Excellence in Design for Greater Efficiencies] certification is offered to properties that reduce the environmental impact of buildings in terms of direct energy consumption, water consumption and the energy footprint of construction materials. This means that CRDB Bank's headquarters has passed the IFC's EDGE certification metrics in line with its [IFC's] definition of what constitutes a green building as outlined in parameters of building green, increased regulatory pull, and promoted direct investment, CRDB Said in a statement yesterday. "The certificate recognizes the bank's commitment to reducing its carbon footprint and a special focus on transitioning to invest in low-carbon emission activities", the statement reads in part In consideration of how construction contributes to polluting the duced EDGE, a green building certification system focused on making new residential and commercial buildings more resource-efficient by bringing together those who design, develop, finance, and incentivize green buildings. Speaking during the event, the CRDB Bank Plc. CEO, Mr. Abdulmajid Nsekela, said it was in line with their environmental conservation efforts that the Environment Fund of the United Nations (GCF) was convinced to accredit the bank for facilitating the financing of green projects in Eastern and Central Africa in November 2019. With the green building, he said, CRDB Bank's energy consumption has decreased by 21 percent, while water usage has gone down by 27 percent. Looking ahead, he said they are committed to advancing to level 2 certification by 2026, aiming for an average consumption efficiency of 40 percent
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Property Linked Finance (PLF) could unlock up to £70 billion of private investment into energy efficiency upgrades, accelerating the transition to decarbonising UK’s buildings. The Green Finance Institute (GFI) has unveiled plans in a new report for a financing mechanism they say could unlock billions of pounds worth of private investment into improving the energy efficiency of UK buildings. Hyperlink in the first comment. #decarbonisation #decarbonization #energyefficiency #renovation #buildingrenovation #renovationwave #sustainable #sustainablebuilding #uk #unitedkingdom
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Best invest in Building and talking about Fusion power, space, and maritime propulsion systems and industry as data centres are. You talk about Nuclear (meaning Fission) and fail to discuss fusion. https://lnkd.in/ge_aeX7M The nuclear fission industry is, ignorant of what's happening around you. Pull your uranium heads out, start adjusting your industry to fusion energy and start preparing to enter the commercially growing fusion energy industry. As it dawns on Earth like the sun. Great Headline Guardian on Nuclear fission. https://lnkd.in/g8sMZtpR Fission is moving towards obsolescence at an accelerated pace, as it is "out of step, out of time, out of place," and merely a temporary industry globally. https://lnkd.in/gbd_mZqk By 2028, Helion is expected to start producing electricity from its first fusion commercial power plant, which will provide electricity to Microsoft. The plant will produce at least 50 MWe after an initial ramp-up period. https://lnkd.in/gY9J3MQY Now see what is happening in the Fusion industry in the world. https://lnkd.in/g9hMBD7a As fission trebles, fuel shortage is increasingly real,
The PM'S newly announced Future Made in Australia Act could compel Big 4 banks to unlock $400bn in sustainable finance. The new Future Made in Australia Act will establish strong market signals towards building future-facing sectors, including clean energy generation at utility-scale, zero emissions transport and decarbonised heavy industry. It will be up to the banks to align their capital allocation and reporting to the new taxonomy from FY2025 and, crucially, to prioritise financing that achieves the objectives of the new Act. See my commentary in Renew Economy: https://lnkd.in/gU4eYBc7
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🌍 New Report Release: Financing Transformation: A Guide to Green Building for Green Bonds and Green Loans 🌱 Announcing the launch of an important report that aims to bridge the knowledge gap in sustainable finance within the real estate sector. “Financing Transformation” was unveiled earlier this month at the Global World Green Building Summit. The report provides practical insights on how to leverage green finance instruments to meet global energy transition goals. Key Highlights: ↗ Details how various building verification and certification standards can be used to comply with global classifications and bond frameworks. ↗ Practical case studies and insights for Stakeholders. ↗ Useful for investors, financial institutions, owners, and developers of green buildings. 📥 We invite you to find out more and link to the report download at https://lnkd.in/dvm8wTM7 Join us in accelerating the real estate industry's transition to a sustainable future. #SustainableFinance #GreenBuilding #GBCSA #GreenBonds #GreenLoans #Sustainability
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What new innovative financing tool is greening buildings in cities? The World Bank has published an article co-written by Prashant Kapoor and William Beloe that makes a compelling business case for property-linked finance (PLF) as the key to unlocking the green retrofit market at scale in cities. Retrofitting is not just about incremental improvements; it's about high-impact measures. A financial mechanism like PLF enables such high-impact measures as it allows long-term financing, offering a framework for cities to achieve their decarbonization goals. Where traditional finance mechanisms often fall short, PLF aligns interests to incentivize high-impact energy efficiency upgrades with immediate results and lower risk. When managed correctly, PLF can be a win for all: greener buildings for cities, energy savings for building owners, and a reliable investment for lenders. Check out the article to learn more about how the PLF public-private partnership model can accelerate energy efficiency upgrades of existing buildings at scale: https://lnkd.in/eHkTecpW IFC - International Finance Corporation IFC Climate & Sustainability & Sustainability #APEXgreencities #greencities #climatesmartcities #sustainablecities #lowcarbonfuture #greenfinance #sustainablefinance #greenretrofits
How a New Innovative Financing Tool is Greening Buildings in Cities
blogs.worldbank.org
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The PM'S newly announced Future Made in Australia Act could compel Big 4 banks to unlock $400bn in sustainable finance. The new Future Made in Australia Act will establish strong market signals towards building future-facing sectors, including clean energy generation at utility-scale, zero emissions transport and decarbonised heavy industry. It will be up to the banks to align their capital allocation and reporting to the new taxonomy from FY2025 and, crucially, to prioritise financing that achieves the objectives of the new Act. See my commentary in Renew Economy: https://lnkd.in/gU4eYBc7
PM’s Made in Australia plan could compel Big 4 banks to unlock $400 billion in sustainable finance
https://reneweconomy.com.au
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Qatar’s Historic Green Bond Issuance Raises USD 2.5 Billion For Eco-Friendly Projects The Ministry of Finance has announced the issuance of green bonds totaling USD 2.5 billion, marking a first in the region to fund environmentally friendly projects. The bonds are divided into two portions: a USD 1 billion tranche with a five-year maturity priced at a 30 basis point premium over US Treasuries, and a USD 1.5 billion tranche with a 10-year maturity priced at a 40 basis point premium over US Treasuries. Qatar secured the lowest spread ever recorded by any bond-issuing country in the Middle East, Central and Eastern Europe, and Africa. The Ministry of Finance reported that the […] Read the full story here: https://lnkd.in/dmS9qDSZ #solarenergy #alternativeenergy #solarpv #pvsolar #photovoltaic #cleanenergy #cleantech #climatechange #middleeast #africa #india #asiapacific #asia #greenbond #middleeast #qatar #renewableenergy
Qatar’s Historic Green Bond Issuance Raises USD 2.5 Billion For Eco-Friendly Projects
http://solarquarter.com
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Very excited to finally see some leadership by the Australian Government today with the launch of the Future Made in Australia Act. In particular, these statements by Anthony Albanese: “That means giving the new Net Zero Economy Authority every tool it needs to support resource communities in particular through the coming decades of economic change. Town by town, worker by worker. This isn’t something that happens overnight, it’s the work of a generation. But the preparation for what comes next, has to start now.” “This means looking at how government procurement can support small business and local manufacturing, as well as sustainability and the circular economy.” “A social safety net that empowers people, a world-leading superannuation system, remarkable universities and TAFEs, a multicultural society that gives us a family connection to every nation in the world. We can make this a winning combination – but only if we work at it.” This is the sort of future that I would love to see for this wonderful country of ours with a #circulareconomy front and centre. Let's get cracking on making this a reality! #australianmade #justtransition #renewaustraliaforall #doughnuteconomics #tomorrowmovement
The PM'S newly announced Future Made in Australia Act could compel Big 4 banks to unlock $400bn in sustainable finance. The new Future Made in Australia Act will establish strong market signals towards building future-facing sectors, including clean energy generation at utility-scale, zero emissions transport and decarbonised heavy industry. It will be up to the banks to align their capital allocation and reporting to the new taxonomy from FY2025 and, crucially, to prioritise financing that achieves the objectives of the new Act. See my commentary in Renew Economy: https://lnkd.in/gU4eYBc7
PM’s Made in Australia plan could compel Big 4 banks to unlock $400 billion in sustainable finance
https://reneweconomy.com.au
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The green finance market has exploded over the past few years, driven by stricter carbon emissions laws and new government incentives at the local, state, and federal levels. Green loans are helping finance clean energy and energy-efficient upgrades on buildings across the spectrum—from solar panels on single-family homes to water conservation systems in office skyscrapers. But green finance is still new, and programs are still being rolled out across the country. The changing landscape can be challenging to property owners and developers, but tech tools are emerging that can help those looking to get green financing throughout the entire process and beyond. https://lnkd.in/gh9RCSyR #ccim #ccimwa #technology #green #financing
How Technology Can Help Fast Track Green Financing
https://propmodo.com
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The finance sector is increasingly supporting green projects with green bonds and loans. At Similan, we are thrilled to be at the forefront of this movement right here in South Africa! Our award-winning development, Newinbosch in Stellenbosch, is a prime example of how green neighbourhoods are making a difference. Here’s how our buyers and residents are already reaping the benefits: -Reduced Bond Costs: Thanks to our EDGE Advanced certification, bond costs are reduced through a 0.25% interest rate concession from participating banks. Plus, ABSA is offering a R55,000 cashback on bonds for our residents! -Significant Savings: Homeowners in Newinbosch can expect to save up to 40% on their energy and water bills, making a substantial impact on both their wallets and the environment. Discover more in this insightful article by the Green Building Council South Africa (GBCSA): https://lnkd.in/durmKNke
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KCB Group, the leading bank in East Africa by asset value, is demonstrating a strong commitment to both green finance and reducing their carbon footprint. Their 2023 Integrated Report highlights some impressive achievements: KCB Group dedicated a significant portion of their lending, 15% of the total, to support environmentally conscious businesses and projects. This commitment extends even further, with a goal of allocating 25% of loans to green projects by 2025. Their focus areas include renewable energy, sustainable agriculture, and climate-smart infrastructure, directly contributing to a more sustainable future. KCB Group isn't just financing green initiatives; they're actively implementing them within their own operations. Their carbon footprint has been reduced by 28%, showcasing their dedication to net-zero emissions. Additionally, they've planted over 300,000 trees in 2023 and have a goal of planting 1.2 million trees in the next five years. These efforts not only offset carbon emissions but also contribute to environmental restoration. KCB Group understands that reducing their environmental impact involves more than just planting trees. They actively monitor their resource usage, aiming for a 5% annual reduction. Initiatives like installing LED lighting in branches and solarizing select locations contribute to energy savings. While there were some increases in paper and fuel usage, KCB Group is actively addressing these challenges by mapping areas prone to power outages for solarization and optimizing equipment like data centers. Their commitment to efficiency remains unwavering. KCB Group serves as a leading example for other financial institutions. Their dedication to green finance, reducing their carbon footprint, and investing in a sustainable future is commendable.
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