1. Introduction
  2. Objectives and milestones
  3. Volver

Ferrovial

Ferrovial - Integrated annual report 2013 / Objectives and milestones

Below is a look at how far Ferrovial complied with environmental targets set for 2013, as well as the new targets for 2014, set within the context of the 2020 roadmap.

2013 Objectives

Climate strategy:

  • In 2013 Ferrovial successfully managed to keep on track with the roadmap to cut greenhouse gas emissions from Ferrovial activities by 21.3% by 2020. The reduction of greenhouse gas emissions in 2013 was higher than initial estimates, at 31.7% on 2009 levels, in relative terms.
  • Not counting the temporary effect of the crisis in Spain, which has directly affected diffuse emissions from waste treatment and other activities, emission reductions are on track to comply with the 2020 target, at over 28%.

Management systems:

  • A new corporate platform to calculate and monitor the carbon footprint was set up in 2013. It will optimize calculations and offer more reliability, traceability and transparency in the data on emissions and fuel consumption.
  • A study and analysis of the organization’s climate and environmental risks was also completed as part of the corporate management tool (FRM, Ferrovial Risk Management). These risks will be monitored periodically in the future.

Biodiversity and Natural Capital:

  • An analysis of biodiversity markets was completed in 2013 within the scope of the “Ferrovial, Natural Capital” program. In addition, at the start of 2014 a collaboration agreement was concluded with the Massachusetts Institute of Technology (MIT) through the “L-Lab” program, which has enabled Ferrovial to align these mechanisms better with the company’s overall activities and capacities.

Ratings:

  • In 2013 Ferrovial improved its position in the main SRI (Socially Responsible Investment) ratings. In particular, it remains the only company of Spanish origin in its sector in the Dow Jones Sustainability Index.
  • Ferrovial has also considerably improved its score in the Carbon Disclosure Project (CDP), achieving 99 out of 100 in 2013 (9 points more than in 2012) and earning top ranking in its sectors globally.

Business management:

  • Significant progress was achieved in 2013 in a pilot project for energy rehabilitation and urban renewal across Spain. In 2013 an agreement was reached with the European Climate Foundation, as well as the municipal housing companies in Madrid and Zaragoza, to carry out a project that would affect more than 2,800 homes in both cities. Work has not yet begun.
  • As part of the “Ferrovial, Capital Natural” program begun in 2012, significant steps forward were taken last year to develop the SmartForest model, in partnership with the Forest Stewardship Council (FSC). The first biomass facilities were started up in Catalonia (Spain). 

Medium and long-term objectives (2014-2020)

Climate change:

  • The main medium-term goal has focused on the reduction of carbon footprint intensity globally by 21.3% on 2009 levels. Both the level of compliance and the trend line are reported each year. A medium-term goal has been established to cut emissions by 20.2% by 2016 in the terms explained above.

Eco-efficiency:

  • Development of a verified method to calculate the water footprint has been proposed, with the aim of achieving global coverage of 100% by 2016.
  • As for eco-efficient mobility, the company has decided to implement Mobility Plans in all Ferrovial’s head offices and its subsidiaries by 2016.

Biodiversity and Natural Capital:

  • By 2016 Ferrovial aims for 100% of Construction and Toll Road sales to be subject to a quantitative assessment of their impact on natural capital.