EDGE CERTIFICATION
The EDGE Certification is a ‘Green Building’ Certification of the International Finance Corporation (IFC), the financial branch of the World Bank (World Bank Group).
EDGE is applied to new and existing buildings around the world. It examines energy and water consumption as well as the embodied energy footprint of the building’s construction materials.
A. For all buildings (new or existing) there are two (2) levels of Certification:
- EDGE Certification
- 20% savings in energy consumption
- 20% savings in water consumption
- 20% reduction in embodied energy
- EDGE Advanced certification
- 40% savings in energy consumption
- 20% saving in water consumption
- 20% reduction in embodied energy
B. Especially for buildings in operation there is one (1) level of Certification:
- EDGE Zero Carbon Certification
- 1st step: EDGE Advanced Certification
- 2nd step: Normal use of building for at least one (1) year and recording of energy consumption of one (1) year
- 3rd step: Purchase of ‘Carbon Offsets’, i.e., carbon offsets so that the building operates as a building with a zero equivalent carbon balance.
The EDGE Certification provides an easy-to-use software (EDGE App) that gives the user the ability to determine the optimal interventions for each building, in order to achieve the savings required to obtain the Certification. The direct comparability of interventions is a great advantage of EDGE, compared with the other ‘Green Building’ Certifications. This same software is additionally used to download the Certificate.
Based on IFC’s experience, the additional cost to obtain EDGE Certification is typically estimated to be less than 3% and is generally compensated within two to three years.
In addition to the Certification, the Zero Carbon Pledge program is available (https://edgebuildings.com/zero-carbon-pledge/), and can join developers who commit to convert part or all of their portfolio to 100% Zero Carbon by some specific date between 2030 and 2050.
EDGE is recognized by the leading financial standards carriers (ICMA, GRESB and Climate Bonds Initiative) and is aligned with the European Taxonomy (EU Taxonomy).
The European Taxonomy assesses buildings based on energy consumption in kWh/m²/year, which also represents how EDGE works. For banks and corporate issuers of green bonds, EDGE provides a simple way to identify the alignment of investments with the requirements of the EU taxonomy and contributes to low-cost impact reporting on these parameters (carbon, energy, and water).