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IFC launches pilot run of Building Resiliency Index in Philippines

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Bruce Rodriguez, ABS-CBN News

MANILA - The World Bank&#x27;s private investment arm, the International Finance Corporation, launched the pilot run for the Building Resiliency Index (BRI) in the Philippines as it aims to boost the disaster-preparedness of the country&#x27;s real estate sector.The BRI is a web-based software aimed at monitoring and boosting the real estate sector&#x27;s measures against calamities.The index would rate buildings and projects in the Philippines based on a 5-level grading system, namely A+, A, B, C and R ratings. Ommid Saberi, Senior Industry Specialist for Green Buildings at IFC said, said the Philippines was chosen for the launch because the country regularly deals with floods, typhoons, landslides, earthquakes and other natural disasters. He said, this is part of the IFC&#x27;s efforts in promoting investments in green and resilient buildings.&quot;Investing $1 in building resilience can save $10 in damage. So every $1 invested in resilience can benefit the owner or country or project,&quot; Saberi explained.The initiative is supported by BPI, SM Prime Holdings, and leading Green Building developer NEO Group.American organizations like insurance firm FM Global and structural engineering company Miyamoto International are also supporting the program.<ul class="op-related-articles">	<li><a href="https://news.abs-cbn.com/business/01/29/18/edge-helps-guide-green-building-for-small-structures">EDGE helps guide green building for small structures</a></li>	<li><a href="https://news.abs-cbn.com/business/10/16/13/ph-urged-make-buildings-disaster-proof">PH urged to make buildings disaster-proof</a></li></ul>

The World Bank's private investment arm, the International Finance Corporation, launched the pilot run for the Building Resiliency Index (BRI) in the Philippines as it aims to boost the disaster-preparedness of the country's real estate sector.

The World Bank's private investment arm, the International Finance Corporation, launched the pilot run for the Building Resiliency Index (BRI) in the Philippines as it aims to boost the disaster-preparedness of the country's real estate sector.

IFC launches pilot run of Building Resiliency Index in Philippines

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IFC launches pilot run of Building Resiliency Index in Philippines

Bruce Rodriguez,

ABS-CBN News

Published May 11, 2021 08:00 PM PHT

Read More:

World Bank

International Finance Corporation

IFC

BRI

Building Resiliency Index

natural disaster

calamity

green building

sustainability

ANC

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