BluPrint: Property Firm in the Philippines Receives The World’s First EDGE Zero Carbon Certification
Posted on November 08, 2021
MANILA, Philippines—NEO’s real estate portfolio has earned them the International Finance Corporation’s EDGE Zero Carbon certification, the first in the world. The CEO and Managing Director of Property Management of NEO share their insights on how their structures can both be high quality and environmentally friendly.
The company originally aimed to reach Net Zero by the year 2030, but achieved this nine years early when EDGE partner, SGS-Sintali, verified seven office buildings in October 2021. A Zero Carbon advocate, NEO hopes to inspire property owners and managers around the world to commit to Net Zero, especially for existing buildings. As a climate catastrophe looms, vulnerable countries like the Philippines need to ramp up efforts across key sectors such as real estate where certifications for green buildings and Net Zero are powerful and compelling strategies.
EDGE or the Excellence in Design for Greater Efficiencies is such an example. An innovation of IFC, EDGE is a green building standard, rating system and free online platform designed for emerging markets. The EDGE Zero Carbon Retrofit Protocol was developed to provide a pathway to achieve zero carbon for existing buildings. For green retrofit projects to be certified under this new protocol, companies must verify that their retrofit design meets the minimum 40% operational energy efficiency improvements, as well as prove that the operational energy from the previous year is from renewable sources and/or carbon offsets. Once the retrofit is completed within a three-year period, the project will undergo final certification.
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