What began as an assessment tool, quickly evolved as developers began asking for proof that they could take to banks to unlock more attractive financing.
This became a turning point. “We can show a developer exactly how much their customers will save, how much it costs to go green, and the payback,” said Kapoor. That transparency attracted financial institutions—leading banks like Bancolombia, Nedbank, CIB, BBVA, HSBC, Standard Chartered, and others—which began offering green mortgages and loans for EDGE-certified buildings.
Critical support also came from donor partners. “At first it was just our own time and budget,” Kapoor noted. “But then the Swiss government, the European Union, UK government and the Global Environment Facility came in. They were incredibly patient and visionary.” With this critical support, EDGE soon built the infrastructure for global certification, partnering with local councils and verifiers like GBCI, Sintali, Bureau Veritas, CAMACOL, and GBC South Africa.
South Africa became the proving ground. With concessional finance tied to EDGE, developers could directly compare how quickly rentals in their properties were growing between conventional and green projects. EDGE-certified properties outperformed projects without efficient measures in place, making a stronger case that building green made business sense in emerging markets.