Climate Change Data

Environmental Metrics

ESG Focus Areas

• Climate change
• Diversity
• Governance
• Health and Safety
• Supply Chain
• Community
• Human Rights

Environmental Achievements

• Reduced carbon footprint by 4.6% in relative terms compared to 2009
• Heathrow Airport became carbon neutral
• 68% of electricity purchased was from renewable sources

Social Achievements

• Launched “Ferrovial Juntos COVID-19” fund, raising €8.7 million for healthcare equipment, vaccine research, and food aid
• Improved accident rates significantly: the rate of serious and fatal accidents is down by 18%
• Implemented a more agile and efficient organization model obtaining annualized savings of €49 million in overheads

Governance Achievements

• Implemented a new operating model with committed savings of ~€50M
• First company to certify its SDG strategy with AENOR (Spanish Standards and Certification Association)
• Inclusion in the Dow Jones Sustainability Index for the 19th consecutive year

Climate Goals & Targets

Environmental Challenges

• COVID-19 pandemic impact on toll road and airport traffic
• Competition from infrastructure companies and financial investors
• Decarbonization in transportation
• Regulation and rule of law
• Commercial, political and social tensions

Mitigation Strategies

• Strengthened liquidity position
• Implemented cost reduction measures (opex and capex)
• Renegotiated contracts
• Restructured organization
• Developed alternative sourcing strategies
• Implemented corporate restructuring program

Supply Chain Management

Supplier Audits: More than 10,000 suppliers evaluated in 2020

Responsible Procurement

• Supplier Code of Ethics
• ESG criteria included in supplier performance evaluation

Climate-Related Risks & Opportunities

Physical Risks

• Extreme weather events affecting infrastructure
• Decreased productivity in extreme weather conditions

Transition Risks

• Rising commodity prices
• Increased taxes on fossil fuels
• Payment for emissions

Opportunities

• Development of energy-efficient products and services

Reporting Standards

Frameworks Used: GRI Sustainability Reporting Standards (comprehensive option), SASB, TCFD, IIRC

Certifications: ISO 9001, ISO 14001, ISO 50001 (Budimex, Ferrovial Construction, Cadagua, Ferrovial Services Spain), UNE 19601, UNE-ISO 37001, EMAS, ISO 45001, ISO 27001

UN Sustainable Development Goals

• SDG 2 (Zero Hunger)
• SDG 4 (Quality Education)
• SDG 6 (Clean Water and Sanitation)
• SDG 9 (Industry, Innovation and Infrastructure)
• SDG 11 (Sustainable Cities and Communities)

Various initiatives contribute to these goals, as detailed in the report.

Sustainable Products & Innovation

• Long Clean Surface (long-lasting disinfectant)
• Smart waste collection management

Awards & Recognition

• Global Road Achievement Award for Toowoomba Bypass
• World Class Call Center award for 407 ETR
• Named most sustainable company at the World Finance Sustainability Awards 2020

Environmental Metrics

ESG Focus Areas

• Decarbonization
• Environmental Footprint Reduction
• Climate Change Adaptation
• Positive Environmental Impact Investments
• EU Taxonomy Alignment
• Economic Development
• Community Engagement
• Improved Quality of Life
• Health, Safety, and Wellbeing
• Talent Development and Diversity & Inclusion
• Corporate Governance

Environmental Achievements

• GHG emission reduction (Scope 1&2): -45.6% (vs 2009)
• GHG emission reduction (Scope 3): -28.9% (vs 2012)
• Renewable electricity consumption: 68.5% (target 100% by 2025)
• Annual recycling of Construction & Demolition waste: 94.4% (>70% target)
• Water consumption reduction: -31.3% (vs 2017)

Social Achievements

• Increased female representation in leadership roles to 24% (target 30% by 2025)
• 112,626 applications received for 3,003 job offers, 29.77% filled internally
• €7.3 million donated for water and sanitation infrastructure in vulnerable communities
• 55 projects improving food access infrastructure in Spain

Governance Achievements

• 75% independent directors on the Board of Directors
• 33% female representation on the Board of Directors
• Executive compensation linked to ESG factors
• Renewed Code of Ethics and Business Conduct
• 167 communications received through ethics channels

Climate Goals & Targets

Environmental Challenges

• Geopolitical uncertainties impacting the global economy
• Supply chain issues and increasing financing costs in energy transition
• Risks associated with generative AI requiring new regulation and increased cybersecurity

Mitigation Strategies

• Focusing on core businesses and North American markets
• Claims process initiated for cost recovery on large US projects
• Risk assessment conducted twice yearly, mitigation measures implemented

Supply Chain Management

Supplier Audits: Ethical Integrity Due Diligence procedure; focus on Supplier Code of Ethics (renewed in 2023)

Responsible Procurement

• Supplier Code of Ethics (includes ESG factors)
• Target of 100% local purchases (96.9% achieved in 2023)

Climate-Related Risks & Opportunities

Physical Risks

• Climate transition risks

Transition Risks

• Regulatory changes
• Market shifts

Opportunities

• Development of energy-efficient products
• Energy transition projects (transmission lines, renewable projects)

Reporting Standards

Frameworks Used: GRI, UNGC, TCFD, SDGs

Certifications: AENOR (SDG alignment), CDP Climate (A), CDP Water (A), MSCI (A), GRESB (A), ECOVADIS (Gold)

UN Sustainable Development Goals

• Goal 7 (Affordable and clean energy)
• Goal 9 (Industry, innovation and infrastructure)
• Goal 11 (Sustainable cities and communities)
• Goal 13 (Climate action)

Sustainability Strategy inspired by 2030 Agenda and SDGs; framework for monitoring SDG impact.

Sustainable Products & Innovation

• AIVIA Smart Roads platform
• Sustainable aviation fuels (SAF)

Awards & Recognition

• Sustainalytics ESG Industry Top-Rated Company
• Numerous awards for Heathrow, AGS, and NTO