Ferrovial - Annual Report 2012

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About this report

About this report

In preparing this year's Report, Ferrovial has been working to integrate its economic, social and environmental information in order to move toward integrated reporting in line with the recommendations of the International Integrated Reporting Committee (IIRC).

Reporting principles

The AA1000 Standard

For the fifth consecutive year, the Corporate Responsibility Report has applied the principles of the AA1000 Standard, a key tool for aligning information presented in the Report with stakeholder expectations. These are explained in a more extensive section on stakeholder relations.

The standard is based on three fundamental principles:

  • Inclusivity: This principle analyzes the extent to which the reporting organization can identify and engage with the material aspects of its sustainable performance and present sufficient information in terms of quality and quantity.
  • Materiality: The information included in the report must be the information required by the stakeholders. In other words, it ensures disclosure of all those material aspects whose omission or distortion could influence its stakeholders’ decisions or actions.
  • Responsiveness: This means reporting on the response to stakeholder expectations.

GRI3 Guidelines

The Report follows Version 3.1 of the Global Reporting Initiative (GRI) Guidelines. These Guidelines include a series of principles and indicators that aim to define the report’s content, scope and coverage, as well as to ensure the quality of the information disclosed. A GRI content and indicator index is presented in the final part of the Corporate Responsibility section of this report.

Ferrovial declares it has a GRI application level of A+.

The guidelines are based on two sets of principles: Principles for defining the content:

  • Materiality
  • Stakeholder engagement
  • Sustainability context
  • Completeness

Principles for defining the quality of the Report:

  • Balance: The report must reflect both the positive and the negative aspects of the company’s performance.
  • Comparability: The information must be presented in such a way that stakeholders are able to compare changes over time, as well as the company’s performance with that of other companies.
  • Accuracy: The published information must be accurate and detailed.
  • Frequency: The report must be published periodically.
  • Clarity: The information must be presented in a way that is clear and accessible to everyone.
  • Reliability: The information must be high quality and it should establish the company's materiality.

The principles underpinning the content of the Report are described by Ferrovial in the specific sections on materiality, stakeholder engagement and principles for sustainable development.

A series of measures were applied throughout 2012 to ensure the quality of this Report:

The extension of the scope of the reporting system for Corporate Responsibility issues in the Group (see the section on the Information Consolidation Process) to ensure that the information obtained is clear, reliable, regular, comparable and accurate.

Ferrovial has continued with a process of stakeholder engagement. The corporate responsibility reports of the competition were also analyzed to extract the most relevant matters for the sector; a perception study was conducted among different stakeholder groups; the 2nd Stakeholders’ Forum was held; and lastly, the company’s materiality matrix was updated.

attached files

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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