Ferrovial - Annual Report 2012

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Innovation

Innovation strategy

Innovation strategy covers three levels:

  1. Common system of control to establish the open innovation model and tackle the challenges of the future.
  2. An innovation community that seeks to identify relevant individuals and to foster an appropriate cultural climate.
  3. The resources required: information, finance, ecosystems and programs to support the model.

Ferrovial uses an open innovation model that maintains an ecosystem which includes both the Ferrovial employees and partners/collaborators: the public authorities, public and private research centers, large companies, entrepreneurs and start-ups.

In terms of governance of the innovation process, each business line has an innovation manager who is responsible for establishing R&D and Innovation policies, allocating human and material resources as required, safeguarding and exploiting the results, and representing Ferrovial in dealings with R&D&i organizations and forums.

In 2012 the Global Innovation Group, which brings together the innovation managers of the business units, together with the key human resources managers, held a series of meetings to coordinate the existing programs, and provide a boost to new global initiatives such as the Ferrovial Innovation Awards.

Among the resources it has available, Ferrovial runs two of its own Competitiveness Centers (management of assets and intelligent transport systems), aimed at optimizing process management by identifying best practices and developing partnership projects.

The company also has two cutting-edge R&D&i departments: one dealing with water treatment (treatment of urban and industrial waste water and desalination via inverse osmosis) within its Cadagua construction subsidiary; and the other with waste management (controlled landfill processes, leachate treatment and recovery of materials and energy from waste) within the services company Cespa. Both also work closely with other research centers. Other companies in the Group, such as Ferroser, Amey, HAH and 407 ETR, carry out this innovation activity in their own R&D&i departments.

In addition, the company has technical offices (Ferrovial Agroman, Cintra, etc.) that support its innovation strategy by designing and developing new technologies and processes, or by establishing partnerships with other research centers.

In 2010 Ferrovial created the Center for Intelligent Infrastructure Innovation (CI3), based on a "Triple Helix" organizational model in which private enterprise, universities and the public sector participate to create a natural ecosystem for open innovation.

Ferrovial Agroman and Ferroser have renewed their R&D management system, designed in accordance with the UNE 166002:2006 standard, as certified by AENOR. This system ensures the highest technical quality and profitability for the company’s projects, while guaranteeing transparency in all R&D&i activities.

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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