The tranformation of construction industry

Why do we need a tranformation of the construction industry?

The building sector represents a significant contributor to global greenhouse gas emissions, accounting for over a third of annual emissions. To reduce energy consumption and emissions, it is essential to accelerate the transformation of this sector.

Furthermore, the closure of material cycles is essential for the sustainable utilisation of our finite raw materials. Politics and business are already working intensively on this challenge:

The European Union has taken a significant step towards climate neutrality with the reform of the European Emissions Trading System (EU ETS). The reform includes a series of proposals to update existing legislation and introduce new legislative initiatives. The objective is to implement the EU climate targets: The objective is to reduce net greenhouse gas emissions by at least 55 % by 2030 and achieve climate neutrality by 2050.

The federal government has taken action to create a state seal of quality with the "Sustainable Building Quality Seal". This ensures that buildings meet the required standards for ecological, socio-cultural and economic quality, as well as the quality of planning and construction processes.

The financial sector is currently engaged in a heated debate about its potential to transform the construction industry. Banks and financial institutions can achieve a significant leverage effect by incorporating effective sustainability criteria into their financing models. This approach not only creates properties that retain their value, but also minimises long-term risks that could lead to a loss in value of properties and stranded assets.

We are committed to support sustainable construction and view steel as a valuable building material for the transformation of the construction sector. Steel is infinitely recyclable and, unlike other building materials, steel does not undergo downgrading during recycling or even have to be disposed of as contaminated waste. The closed material cycle of steel thus offers the construction industry a sustainable alternative to the use of primary raw materials and promotes resource-saving, energy-efficient and environmentally friendly construction methods.