Ferrovial - Annual Report 2012

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Environment

Relations with stakeholders

Ferrovial has fluid relations with key stakeholders, meaning those affected by the company's main environmental risks across the globe, or those who may exert some influence over developing new business opportunities in the field of environmental sustainability. Analysis is conducted on these stakeholders as a whole, thus prioritizing relations with them and allocating the resources required to sustain fluent and two-way communications as part of an intelligent dialog.

As well as relations with product and service providers, Ferrovial has close links with analysts and investors specializing in Socially Responsible Investment (SRI), spokespersons from civil society (mainly NGOs and labor unions), governments and regulators, as well as local communities. The most appropriate channels of communication are established with each stakeholder group, which range from Ferrovial's environmental microsite (http://www.ferrovial.com/es/Calidad-y-Medio-Ambiente) to personal interaction, including medium and long term collaboration agreements.

Ferrovial seeks out projects of mutual interest it can run with some of the leading NGOs working in environmental conservation, such as the World Wildlife Fund (WWF) or the Forest Stewardship Council (FSC), which Ferrovial joined as a partner in 2012 supported by global environmental groups. The company also works closely with government bodies. One example is its long-term partnership with Spain's Observatorio de la Sostenibilidad (Sustainability Observatory), and the Fundación Biodiversidad.

This relationship is just one small example of the fluid relations that Ferrovial has with regulators and governments in the countries where it operates. Expert personnel from various Ferrovial divisions meet regularly with officials responsible for regulations that could affect the company's operations worldwide, based on a relationship of collaboration and mutual trust. When regulatory amendments are far-reaching, specific working groups are convened that feature representatives from all potentially affected business areas and subsidiaries. These groups carry out careful monitoring and seek to anticipate the effects of new regulations (e.g. recent amendments to the climate change framework in the United Kingdom). Structured lobbying is also conducted at international level, always pursuant to the regulations governing such activities. Occasionally agreements may be struck with other companies or industries that share common interests (e.g. the recent European Energy Efficiency Directive).

Case study

A long-term agreement to advance our understanding of the impact of climate change on biodiversity: the climate change monitoring program in National Parks (Spain).

Since 2009 Ferrovial Agroman has been a supporter of a project run by Fundación Biodiversidad, the Spanish Climate Change Office, the National Meteorological Agency and the organization responsible for the National Parks. The pioneering initiative aims chiefly at generating a greater understanding of the implications of climate change for the best protected natural environments on the Iberian Peninsula. The agreement has been extended to 2016, with Ferrovial providing more than 1.6 million euro in funding. More information at: http://reddeparquesnacionales.mma.es/parques/rcg/index.htm.

 

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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