Ferrovial - Annual Report 2012

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Environment

Environment

Ferrovial is committed to reducing the environmental impacts of its activities, taking a preventive approach that will benefit the environment and reduce the group's global carbon footprint.

This commitment is embodied in one of the principles making up the "ground rules" that all decision-makers at Ferrovial and its subsidiaries around the world must abide by:

  • Satisfy client and user expectations.
  • Everyone participates.
  • Mutual benefit in relations with suppliers and partners.
  • Eco-efficiency and reduction of greenhouse gas emissions.
  • The value of commitment.
  • Continuous improvement.
  • Intelligent dialog with stakeholders, in particular with governments and regulators.

The full text of the company's quality and environment policies, as well as amendments to the principles, can be found on the Quality and Environment section of Ferrovial's website.

Environmental strategy

Environmental sustainability is an increasingly central part of Ferrovial's operations, not only in terms of corporate responsibility or as a means of efficiently managing certain types of risks, but also as a source for new ideas and business models in a context of global crisis. In recent years Ferrovial has bolstered its capacity to provide services and infrastructures that address global challenges such as climate change, the energy crisis and loss of biodiversity. Our objective is to create long-term value by positioning ourselves as strategic partners to governments in the countries where we operate and helping them to meet global environmental goals.

Ferrovial has established a strategy to tackle these challenges that focuses chiefly on two aspects:

  • Responsible management of the environmental impacts produced by its activities.
  • Optimization of the capacity to develop infrastructures and services for a "green" low-emission economy.

Priorities

  • An approach that focuses on risk management and environmental responsibility.

All business areas are provided with management systems that exceed ISO 14001 and EMAS standards. They aim to control on-site impacts by using a preventative approach. Ferrovial has been a pioneer in environmental risk analysis and risk management systems, and it has adapted early to the demands of the European Environmental Liability Directive.

  • Anticipation of regulatory trends, based on a close and mutually beneficial relationship with legislators and regulators.

Ferrovial plays an active and transparent role in regulatory and legislative procedures, providing its experience and technical knowledge on regulated matters. This allows the company to anticipate any impacts on its activities and to capitalize on any opportunities that stricter environmental legislation might open to pioneering companies.

  • A fluid and collaborative relationship with relevant stakeholders with regards to sustainability.

Ferrovial is very satisfied with its close and stable relationships with spokespersons from civil society and leading environmental groups, with whom it actively seeks points of contact for partnership and mutual long-term benefit (WWF, FSC - Global Trade Forest, SEO BirdLife, etc.).

Likewise, it strives to maintain fluid and highly proactive relations with analysts and investors, anticipating their needs and responding to key sustainable development issues on the global agenda. This means retaining a leading position on the major sustainability indices (DJSI, CDP, etc.), as well as remaining a component of the top SRI (Socially Responsible Investment) portfolios.

  • Proactive carbon footprint management.

Ferrovial measures greenhouse gas emissions from 100% of its global activities, with the aim of reducing its carbon footprint via more efficient energy use. Global targets have been established for 2020, based on a bottom-up approach that identifies opportunities to reduce emissions from our production processes.

A thorough analysis of indirect emissions (Scope 3) is currently underway, including emissions generated by clients and users. The aim is to understand the global impact of our operations and to drive innovation in developing low-emission infrastructure and services.

  • Eco-efficiency and energy efficiency as means of reducing environmental impacts in an economically viable manner.

Ferrovial production centers prioritize efficient use of energy and natural resources, as well as cutting emissions and waste; but they are also acknowledged as sources of innovation and potential new services that Ferrovial can develop and subsequently offer its clients and users. Energy efficiency in buildings, integrated city management (SmartCities) and low-emission mobility are considered particularly key areas, all based on pioneering technology developments.

  • A proactive approach to preserving biodiversity.

Ferrovial is aware of the impact that some of its activities have on the natural environment. Innovative methods have been developed to mitigate such effects, capitalizing on the company's technological and scientific advances in the environmental restoration of infrastructure. Likewise, exhaustive research is being conducted into how to compensate for damage that cannot be mitigated on site, using offsetting mechanisms in several countries where Ferrovial operates. In 2012 a project was launched that seeks to provide a better understanding of how habitat banks work at a global level and what Ferrovial's role in this area should be.

attached files


Commitment

  • To reduce our environmental impact, follow a preventive pro-environment approach and cut the Group's carbon footprint.

Lines of Action

  • An approach focused on risk management and environmental responsibility.
  • Anticipation of regulatory trends, based on a close and mutually beneficial relationship with legislators and regulators, and a fluid and collaborative relationship with relevant stakeholders.
  • Proactive carbon footprint management.
  • Eco-efficiency and energy efficiency as means of reducing environmental impacts in an economically viable manner.
  • A proactive approach to preserving biodiversity.

2012 Milestones

  • Reduced the carbon footprint by 16.64% against the previous year and 21.89% against 2009.
  • Verified 100% of global emissions.
  • Consolidated the business models for energy efficient services, SmartCities and power generation using biogas.
  • Developed the "SmartForest" business model and carried out a large-scale renewal of housing and commercial buildings.
  • Developed "green purchasing policies", with the inclusion of new stipulations.

2013 Goals

  • Cut greenhouse gas emissions in line with the targeted 21.3% reduction by 2020.
  • Launch the new corporate platform to calculate and monitor Ferrovial's carbon footprint.
  • Develop analysis of environmental risks in the corporate Ferrovial Risk Management (FRM) tool.
  • Implement an urban renewal demo project in Spain and a pilot sustainable forestry management project (SmartForest).
  • Progress in the "Ferrovial, Natural Capital" initiative and consolidation of green purchasing policies.

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  • Dow Jones Sustainabiliy Indexes
  • LBG Spain
  • The Global Compact
  • FTSE4Good
  • Carbon disclosure project
  • Corporate Responsibility Prime. Rated by oekom research

This is an electronic version of the 2012 Annual Report prepared by Ferrovial, S.A. for its stakeholders, which aims to be complete and accurate. The contents of this version can be checked by referring to the print version. A copy of the print version in PDF format is available to download on this web page