From 503 applicants, FIEC was appointed as a member organisation of the Platform on Sustainable Finance and its representative will be among the 50 experts to advise the European Commission on the development of the technical screening criteria for the EU Taxonomy. 
The EU Taxonomy is the key to achieving a sustainable recovery after the crisis. This is particularly the case for the construction sector, which is essential for making the transition to a more sustainable economy a reality. The investment gap for the sector is immense. Filling this gap by launching sustainable construction projects, i.e. buildings and infrastructure, will bring benefits for the entire economy and will significantly contribute to the achievement of the Green Deal’s objectives
This membership is a unique opportunity for FIEC to ensure the industry’s contribution to a sustainable Europe by making construction activities more sustainable.

Today FIEC is releasing its annual Statistical Report which shows the current state of the construction sector and demonstrates its significance for the economy as a whole.
After a positive overall development in 2019, the construction sector had a good start in 2020. However, at the end of Q1, the COVID-19 crisis severely hit the construction sector in many countries. In general, work on construction has resumed and companies are still benefiting from pre-crisis healthy order books. 
As construction activities usually show a delayed reaction to general economic developments, the end of 2020 will be critical for the sector as investments in new projects are expected to decline from autumn onwards. We therefore estimate a decline in investments in total construction by 8.5% for 2020.