1. Social Dimension
  2. Reporting principles for non-financial information
  3. Volver

Ferrovial

Ferrovial - Integrated annual report 2013 / Reporting principles for non-financial information

In preparing this year’s Report, Ferrovial has continued to work on a model to integrate its economic, social and environmental information in order to move towards integrated reporting in line with the recommendations of the International Integrated Reporting Committee (IIRC).

Reporting principles

The AA1000 Standard

For the sixth consecutive year, the Corporate Responsibility information has applied the principles of the AA1000 Standard, a key tool for aligning information presented in the Report with stakeholder expectations and the company’s materiality. These are explained in a more extensive section on stakeholder relations and the materiality study.

The standard is based on three fundamental principles:

  • Inclusiveness This principle analyzes whether the company has identified and understood the relevant aspects of its sustainable performance and presents sufficient information in terms of quality and quantity.
  • Materiality The information must be the information required by the stakeholders. In other words, it ensures disclosure of all those material aspects whose omission or distortion could influence its stakeholders’ decisions or actions.
  • Responsiveness This principle analyzes whether the information provided meets stakeholder expectations.

GRI3.1 Guidelines

The Report follows Version 3.1 of the Global Reporting Initiative (GRI) Guidelines. These Guidelines include a series of principles and indicators that aim to define the report’s content, scope and coverage, as well as to ensure the quality of the information disclosed. A GRI content and indicator index is presented in this link.

Ferrovial declares it has a GRI application level of A+.

Principles

Definition of the Report’s contents
  • Materiality: Aspects that reflect the significant social, environmental and economic impacts of the organization or those that could have a substantial influence on stakeholder decisions.
  • Stakeholder engagement: Identify the stakeholders and describe in the report how their expectations and interests have been addressed.
  • Sustainability context: Present the company’s performance within the broader context of sustainability.
  • Completeness: Coverage should enable stakeholders to assess the performance of the reporting organization.
Definition of the Report's quality
  • Balance: The report must reflect both the positive and the negative aspects of the company’s performance.
  • Comparability: Stakeholders should be able to compare the information over time and with other companies.
  • Accuracy: The published information must be accurate and detailed.
  • Clarity: The information must be presented in a way that is clear and accessible to everyone.
  • Reliability: The information must be high quality and it should establish the company’s materiality.

The principles underpinning the content of the Report are described by Ferrovial in the specific sections on materiality and commitment to stakeholders.

A series of measures were applied throughout 2013 to ensure the quality of this Report:

The extension of the scope of the reporting system for Corporate Responsibility issues in the Group (see the section on the Information Consolidation Process) to ensure that the information obtained is clear, reliable, regular, comparable and accurate.