IFC launched the Building Resilience Index on April 20 to help Vietnamese enterprises build climate-resilient projects.
Building Resilience Index (BRI) is an online risk warning mapping system and resilience assessment framework for the construction industry that facilitates the evaluation, development, and publication of the adaptability of the works.
"In the face of threats posed by a rapidly changing climate, it's vital to ensure that buildings are resilient to natural hazards such as cyclones, flooding, fire and landslides, especially in Vietnam's urban areas, where so many people live," said Thomas Jacobs, IFC country manager for Vietnam, Cambodia and Lao PDR. "By equipping local developers, investors, and policymakers with the Building Resilience Index, we look forward to helping strengthen the country's climate agenda, promoting a greener, sustainable, and more inclusive economy."
The BRI is included in the World Bank's (WB) 2019 Action Plan on Climate Change Adaptation and Resilience. Hotels, commercial structures, hospitals, colleges, and homes are examples of the types of initiatives that should be prioritised for BRI.
The incorporation of sustainable solutions and climate change adaptation into urban development will help ensure a secure environment for residents, according to Nguyen Cong Thinh, deputy director of the Ministry of Construction's Department of Science, Technology, and Environment. In the interim, it is key to avoid harm to property as well as contributing to Vietnam's green development blueprint for climate change adaptation and net-zero emissions.
BRI is anticipated to replicate the success of the Excellence in Design for Greater Efficiencies (EDGE) green building certification programme of the IFC, a member of the WB Group that focuses on climate change mitigation.
Since 2015, the EDGE programme has reportedly saved $4.1 million annually in electricity and water costs for 77,000 residents and reduced annual greenhouse gas emissions by 30,000 tonnes.
According to the IFC, Vietnam is one of the most vulnerable nations to climate change, with losses of up to $10 billion in 2020, or 3.2 per cent of GDP, attributable to the effects of climate change. About 300 coastal urban areas, which provide livelihoods for a swiftly urbanising and expanding population, suffer greatly because they are located in littoral areas and are susceptible to climate change-related disasters.
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By Quynh Trang