Ferrovial - Annual Report 2012


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Ethical Integrity

ethical integrity

The business and professional activities of Ferrovial and its employees are based on the value of integrity, and are carried out in accordance with the principles of honesty, avoidance of every form of corruption and respect for the individual circumstances and needs of all parties involved.

Ferrovial's Code of Ethics prohibits bribes to public authorities and civil servants and forbids its employees from giving or receiving undue payments of any type as well as presents, gifts or favors from third parties outside the scope of regular market practices, or which, by reason of their value, characteristics or circumstances, may reasonably be thought to alter the commercial, administrative or professional relations of its companies.

In addition, it prohibits any action that may involve unfair competition practices and undertakes to ensure compliance with the competition laws applicable in the countries where it operates.

Fraud prevention is the responsibility of each one of the managers, and Internal Audits supervises compliance with the Code of Ethics. It also manages the Complaints Box. In 2010 a new whistleblowing channel was created for reports related to the Code of Ethics.

Based on the information available for 2012, there have been no significant final penalties, monetary or otherwise, arising from violations of laws, regulations or standards governing the exercise of the Company’s activities.

The Code of Ethics, as well as the corporate procedures for “Protection of Ferrovial Assets Through Prevention of Internal Fraud" and the "Corporate Procedure for the Complaints Box", must be complied with by all employees and subsidiaries that make up the company in Spain and abroad.

Ethical integrity 201220112010Var 12-11
Complaints received through the Whistleblowing Channel  31  63 112 -51%
Training given on the Code of Ethics* (hours)  69 273 4,250 -75% *
*Training given to new hires and employees who did not take the course in previous years.

attached files


  • Ethics, professionalism and transparency in all Ferrovial activities.

Lines of Action

  • Combat corruption, bribery and extortion.
  • Promote the Global Compact principles.
  • Improve reporting of non-financial performance to analysts and investors.
  • Include ESG risks in the Risk Management Model
  • Integrate respect for Human Rights in all the areas of activity.
  • Establish relations with suppliers according to a methodology that includes Corporate Responsibility criteria.
  • Monitor the Principles for Sustainable Development.

2012 Milestones

  • Extended the operation of Ferrovial Risk Management (FRM).
  • Analyzed high-risk suppliers according to the Global Compact principles.

2013 Goals

  • Identify and analyze the information requested and valued by SRI analysts.
  • Identify ESG risks.
  • Analyze the FTSE4Good and UN Human Rights requirements.

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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