Construction is becoming sustainable: More and more buildings carry so-called “green building labels”, but only few of these certificates are transnational. Follow Erste Asset Management on its trip trough the green label jungle.
Sustainable building means energy-efficient construction. Styrofoam insulation is usually the magic word, but it is a non-breathable material and can therefore lead to mold. Also, it can catch fire easily. Therefore, the German Steico Group has turned away from these materials, becoming one of the largest suppliers in the field of ecological building materials. With the use of wood fibers Steico provides an improved indoor climate. The material costs may be higher in the beginning but in the long run it will save costs. Energy and CO2 emissions can already be reduced in the production of raw materials, which is partly due to the fact that the wood used comes from sustainably managed forests.
It is one of the best-known stories from the Bible: Man wants to see eye to eye with God and starts building a tower towards heaven; and God punishes man’s hubris with Babylonian confusion. Bereft of a common language, mankind fails to finish the tower.