Ferrovial - Annual Report 2010

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Carbon footprint

Ferrovial believes that the best way to fight emissions is to reduce them at source. While improving its performance in this area, the company has implemented ambitious plans to reduce greenhouse gas emissions in its activities as part of its Sustainability Policy approved in May 2008 and within its Climate Change 2015 strategy.

In 2008, Ferrovial began to identify all sources of emissions in the company's activities and in 2009 completed the procedure for calculating the global carbon footprint. This consolidates the methodology for collecting data and calculating emissions. In 2010 it calculated the carbon footprint of all its global activities.

The calculation takes into account the holding in those contracts over which Ferrovial has operational control. 

The procedure also allows emissions to be identified by source, country and company, which is a key point when the establishing targets. This methodology was verified by an external body in 2009.

The reporting range has been established under Scope 1 and Scope 2, although there are companies that already have Scope 3 figures, and work is underway to calculate this scope in other businesses.

The new procedure sets 2009 emissions as the baseline. As it uses the same reporting approach and calculation methodology, a comparison can be made between emission figures over time, both in absolute terms and relative to revenue, thus avoiding the difficulties encountered in previous years.

More detailed information on the carbon footprint will be available during the first four-month period of 2011 in the Environment section of the Ferrovial website.  Once the report has been unified it will enable progress on emissions to be monitored, and thus confirm the effectiveness of the measures taken.

* The figures published are those available as of February 2011. Any update will be published on the Ferrovial website in the Quality and Environment section.

* 2009 data are different from those published in the Annual Report 2009 due to an update of consumption.

* In the year 2010, Budimex information is included, but Swissport information is excluded, since the company did not release any data following its exclusion from the perimeter in the first quarter of 2011.

Recognition by experts

Analysts in the main international sustainability indices have valued Ferrovial's efforts to reduce the environmental impact of its activities. Recently the company has been recognized by the Carbon Disclosure Project (CDP) within the reports "Europe 300" and "Spain: the 85 largest companies in terms of market capitalization" as a leading company in its sector.

Risks and opportunities of Climate Change

Risks and opportunities of Climate Change

Valentín Alfaya, Ferrovial Director of Environment, analyzes the 2010 milestones, such as the consolidation of the climate change strategy or the Ferrovial 2015-2020 project, which examines the risks and opportunities of Climate Change. In 2011, the Company will announce a commitment to reducing its carbon footprint.


© Copyright 2010. Ferrovial

In agreement with:
  • Dow Jones Sustainabiliy Indexes
  • LBG Spain
  • Ethibel
  • FTSE4Good
  • The Global Compact
  • Distinction of Equality
  • Triodos Bank
  • Carbon disclosure project

This is an electronic version of the 2010 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