InfraCredit’s Main Office Building Receives EDGE Advanced Certification.
Lagos, 19 April 2024: InfraCredit, a ‘AAA’-rated specialised infrastructure credit guarantee institution is pleased to announce that its main Office Building has been awarded the EDGE Advanced Certification from the International Finance Corporation (IFC)
EDGE Excellence in Design for Greater Efficiencies), an innovation of the IFC, the private sector arm of the World Bank, is a program that recognizes buildings around the world for their green design. By focusing on energy and water efficiency, as well as the careful selection of building materials, EDGE-certified buildings help to significantly reduce carbon emissions and with universal climate goals. This is crucial for contributing to a healthier environment and aligns with Nigeria’s Nationally Determined Contribution (NDC) under the Paris Agreement, which aims to reduce greenhouse gas emissions and combat global warming.
This certification reflects our unwavering commitment to integrating environmental, social, and governance (ESG) considerations into our operations and environmental structure. It also underscores our dedication to creating workspaces that are not only efficient and resource-conscious but also conducive to the well-being of our people and the broader community. It depicts that we are not only ensuring our guaranteed projects are climate-aligned, but also leading by example in the transition to a greener economy and planet.
As part of the EDGE Advanced Green Building certification, InfraCredit’s project achieved the following: 58% energy savings, 44% water savings, and 53% less embodied carbon in materials.
Commenting on the EDGE certification, Chinua Azubike, CEO of InfraCredit said: “We are delighted to receive the EDGE Certification, and this reiterates our commitment to sustainable practices, not just across our projects and transaction cycles but by also exemplifying our stance on green housing and sustainability across Africa. The accomplishment reinforces InfraCredit’s dedication to backing climate action efforts, demonstrating its adherence to global standards and its capacity to attract domestic institutional investors for projects focused on combating climate change and fostering sustainable development.”
For more information, please contact:
Infrastructure Credit Guarantee Company PLC
Media Enquiries: [email protected]
Guarantee Enquiries: [email protected]
Enquiries pertaining to EDGE Certification: [email protected]
Phone: +234 6312300
About InfraCredit
InfraCredit is a ‘AAA’ rated specialised infrastructure credit guarantee institution backed by the Nigeria Sovereign Investment Authority, GuarantCo & InfraCo Africa (Private Infrastructure Development Group companies), KfW Development Bank, Africa Finance Corporation, and African Development Bank, to provide local currency guarantees and mobilize long term debt financing for infrastructure in Nigeria. InfraCredit’s guarantees act as a catalyst to attract domestic credit from pension funds, insurance firms and other long-term investors into credit-worthy infrastructure projects, thereby deepening the Nigerian debt capital markets. InfraCredit operates on a commercial basis with a developmental role and benefits from private sector governance.
InfraCredit maintains the highest domestic financial strength ratings accorded to any financial institution by Agusto and Co. and Global Credit Ratings Co., two of the major domestic credit rating agencies. For more information please visit www.infracredit.ng and follow us on LinkedIn and Twitter.
