1. Environmental management
  2. Relations with stakeholders
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Ferrovial

Ferrovial - Integrated annual report 2013 / Relations with stakeholders

Ferrovial has fluid relations with key stakeholders, meaning those who are, or could be, affected by the company’s main environmental risks across the globe, those with regulatory influence, 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 communication in the context of intelligent dialog.

Particularly important are relations 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 for each of these groups, ranging from Ferrovial’s environmental microsite (http://www.ferrovial.com/es/Calidad-y-Medio-Ambiente) to personal interaction, and including medium and long term collaboration agreements.

In the particular case of NGOs and other representatives from civil society, Ferrovial tries to find projects of common interest with some of the most important organizations dedicated to conservation, such as the World Wildlife Fund (WWF) and Forest Stewardship Council (FSC). Ferrovial has been a member of the FSC, which is supported by environmental groups worldwide, since 2012. It also carries out relevant projects of common interest with SEO-Birdlife. In addition, the company works closely with institutions linked to government. This is the case with its long-term collaboration with the Biodiversity Foundation of the Department of the Environment, within the scope of the Agreement for the Global Change Monitoring Network, where the Spanish Climate Change Office, the Meteorological Agency and the National Parks body also participate.

The anticipation of regulatory trends, based on a close and mutually beneficial relationship with legislators and regulators, is considered an effective means of managing the impact of future regulation on Ferrovial’s activities. As a result, the company is very proactive in its regulatory and legislative processes that may affect its activities around the world, contributing its experience and technical knowledge on matters that are the object of regulation. 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. 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 (this was the case of the recent European Energy Efficiency Directive, approved in 2012).

Ferrovial also has a growing influence in the development of policies and strategies of broader scope. An example of this is that in 2013 a representative of Ferrovial was appointed to the Green Growth Group, a body where the representatives of civil society, academia and the business world advise the European Commission on the future of the economic and environmental agenda for the 2030 and 2050 horizon.

Likewise, Ferrovial strives to maintain fluid and highly proactive relations with analysts and investors, anticipating their needs and responding to key sustainable development issues on the global agenda. This relationship has been firmly consolidated in the last decade. It has made Ferrovial a model in the main sustainability ratings (DJSI, Carbon Disclosure Project, etc.) and in the main SRI portfolios.

Case study

Ferrovial - World Environment Day

This year, Ferrovial and the Spanish Ornithological Society (SEO) has for the first time celebrated World Environment Day by inviting employees and their families to participate in activities across Spain. The aim was to know on the ground the natural legacy of Spain and raise awareness of the importance of its conservation.

This pilot project was carried out in five natural spaces: Parque Regional del Sureste; the bird reserve in the Casa de Campo in Madrid; in the third most important wetland area for biodiversity in Spain, La Albufera in Valencia; the Doñana National Park in Huelva; and the stretch of the Llobregat river on its passage through the town of Abrera in the province of Barcelona.

Through guided visits with specialized monitors, employees and their families had the chance to get to know more about these natural spaces and the fauna that inhabits them, and to watch some species in their natural habitat, take part in conservation work, construct nests and ring birds.

The day was very successful and the company plans to repeat the activity at a future date.