Brookfield Properties in India receives ‘EDGE Champion’ recognition by IFC for Sustainable Excellence
Brookfield Properties in India has been awarded the EDGE Excellence in ‘Design for Greater Efficiencies Champion’ recognition by International Finance Corporation (IFC), the private sector arm of the World Bank. This esteemed certification acknowledges the organization’s commitment to sustainability in India's commercial workspace landscape.
Brookfield Properties received the EDGE Champion certification for its southern portfolio covering over 16.5 million square feet of space, including Ecospace, Ecoworld, Centennial, Northstar, Azure, NXT and the Galleria mall in Bengaluru and the Millenia Business Park in Chennai.
Achieving this certification represents the institutionalizing of green building practices within an organization. It acknowledges the company's intent to construct, operate and manage environmentally friendly buildings through tangible and reputable solutions. The certification is a crucial mechanism for accessing green finance, seamlessly aligning with prominent international green finance standards. It also aids in determining the most commercially feasible green strategy that will yield the desired results for the brand.
Shantanu Chakraborty, COO, Brookfield Properties said, “Our commitment to a greener future is reflected in the integration of global sustainability standards in our construction practices. By achieving reductions of over 20% in energy use, water consumption, and building material emissions, we are advancing towards our goal of achieving net-zero emissions by 2040. EDGE certification is a testament to our progress in creating sustainable workspaces. We thank IFC for recognizing our efforts.”
Adding to this, IFC’s Director of Climate Business, Jamie Fergusson, said, “The climate crisis requires urgent action at scale and EDGE is achieving just that. In the seven short years since it was founded, it spread across the world, with EDGE-certified buildings in 96 countries today with over 63 billion dollars in asset value. This scale, this urgency, is what EDGE is bringing to the built environment.”
