Tools

EDGE is a tool to estimate the resource use of buildings already during the planning phase and awards projects that save resources. The cloud-based platform has a sophisticated set of city-based climate and cost data, consumption patterns and algorithms for predicting the most accurate performance results. On this basis, the tool calculates additional costs to build green and how long it takes to earn back the money through operational savings. With EDGE, the IFC aims to deliver a solution to prove the business case for building green and unlock financial investment. Based on the performance, buildings can receive a certification.

The Equator Principles (EP) are a risk management framework for determining, assessing and managing environmental and social risk in projects that can be adopted by financial institutions. The tool provides a minimum standard for due diligence to support responsible risk decision-making. The EP apply globally, to all industry sectors and to four types of financial products: (1) project finance advisory services; (2) project finance; (3) project-related corporate loans; (4) bridge loans. Financial institutions can officially commit to the adoption of the EP.

The EO100™ Standard for Responsible Energy is a set of rigorous performance standards for energy development projects that was developed by the non-profit organization “Equitable Origin” based on a consensus from industry, NGOs, affected communities and government agencies to incentivize excellence in social and environmental performance of energy projects. The EO100™ Standard provides a framework to monitor on-the-ground performance as well as company-level policies. The tool confirms responsible business practices through independent verification with the option of a third-party certification.

Envision is a flexible system of criteria and performance objectives to aid decision makers and help project teams identify sustainable approaches during planning, design and construction of infrastructure projects that will continue throughout the project’s operations and maintenance and end-of-life phases. The Envision system consists of different components: (1) The Envision Pre-Assessment Checklist can be applied early-phase and used to prepare later sustainability assessments; (2) the Envision Online Scoresheet provides for a detailed online self-assessment; (3) the Envision Verification provides for an independent third-party project review process; (4) the Envision Awards offer recognition for qualifying verified projects.