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LMI Holdings Mega Warehouse in Ghana Awarded IFC EDGE Green Building Certification

LMI Holdings Mega Warehouse has received the International Financial Corporation (IFC) Excellence in Design for Greater Efficiencies (EDGE) Green Building Certification, making it the first warehouse in Ghana to receive this certification.

LMI Holdings, a leader in Ghana’s development space and the primary developer of the Tema Free Zone Area (Tema FZ) hosts over 80 companies in sectors including building materials, manufacturing, and agro-processing. The Mega Warehouse’s focus on efficient energy and water usage, along with the use of low-carbon construction materials such as cement, steel, and glass, has earned it this recognition.

The EDGE green building certification program, supported by the UK government with initial funding from Switzerland’s State Secretariat for Economic Affairs (SECO) recognizes LMI’s innovative technology and designs that are expected to achieve a 26% reduction in energy use, a 20% reduction in water use, and a 73% reduction in embodied carbon in materials. The 100,000 square meter LMI Mega Warehouse includes sustainability features such as a reduced Window-to-Wall Ratio, a reflective roof, high-performance glass, efficient ceiling fans, efficient water fixtures, and low-carbon material that reflects LMI’s commitment to environmental conservation.

“We are honored to receive the IFC Green Buildings EDGE Certification and see it as a testament to our dedication to environmental responsibility,” said Kojo Aduhene, LMI’s CEO. “Our team is committed to continuous innovation, and this recognition fuels our passion to set new industry standards for eco-friendly operations.”

This green certification aligns with LMIs broader sustainability vision, which is further supported by a $30 million loan from IFC in 2022 to develop a 16.8 MWp rooftop solar plant to power businesses operating in the Tema FZ, which is projected to increase Ghana’s solar capacity by 9 percent and reduce Co2 emissions by over 10,000 tons per year.

In his congratulatory speech, Kyle Kelhofer, IFC’s Senior Country Manager for Ghana, Liberia, and Sierra Leone, said, “The EDGE Green Building Certification awarded to LMI Holdings Mega Warehouse is a significant step forward for sustainable industrial development in Ghana and sets a benchmark for the sector. At IFC we are glad to support eco-initiatives that foster economic and environmental benefits.”

EDGE certification recognizes businesses that are committed to sustainable practices and show leadership in green initiatives within their industry. IFC sets universal standards for green construction through EDGE, a software application and certification system that is helping developers design energy-efficient and cost-effective buildings with low emissions. IFC also works with financiers, governments, developers, and building owners to scale up the development of green buildings in emerging markets.

About IFC

IFC — a member of the World Bank Group — is the largest global development institution focused on the private sector in emerging markets. We work in more than 100 countries, using our capital, expertise, and influence to create markets and opportunities in developing countries. In fiscal year 2023, IFC committed a record $43.7 billion to private companies and financial institutions in developing countries, leveraging the power of the private sector to end extreme poverty and boost shared prosperity as economies grapple with the impacts of global compounding crises. For more information, visit www.ifc.org.

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About EDGE

An innovation of IFC, EDGE helps property developers to build and brand green in a fast, easy, and affordable way. EDGE is supported by free software that offers up solutions to reduce energy, water, and the energy embodied in building materials by at least 20 percent. EDGE certification is recognized by the major green finance standards and streamlines green debt reporting requirements. The simplicity and low cost of EDGE, plus its focus on quantifying emission reductions makes it invaluable to map and track a path to zero carbon. The program has been generously supported by the following donors: The United Kingdom, Austria, Canada, Denmark, ESMAP, EU, Finland, GEF, Hungary, Japan, the Netherlands, and Switzerland. For more information, visit www.edgebuildings.com

About LMI Holdings

LMI Holdings, a highly diversified Ghanaian company with a presence in the construction, industrial park development, real estate development, warehousing and logistics, utilities, and ICT sectors in Ghana, is the primary developer of the Tema FZ, which hosts more than 80 companies operating in various sectors, including building materials, manufacturing and agro-processing

LMI Holdings’ ambitious strategic vision, which is to contribute to the building of a developed Africa by providing sustainable infrastructure, is the anchor in the establishment of all its subsidiaries. LMI Holdings! We are your trusted partner committed to success, sustainability, innovation, and value creation.

Visit us on our website; www.lmi-ghana.com

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