Carbon Footprint

Since 2009, we have measured 100% of greenhouse gas emissions from our activities around the world in order to reduce our carbon footprint.

Ferrovial has had a firm Climate Strategy in place for years, framed within the company’s Strategic Plan and aligned with the Sustainability Strategy and the Sustainable Development Goals.

In 2024, Ferrovial worked on updating its climate roadmap to align with the decarbonization path of 1.5ºC in the short term and establishing a Net Zero target in 2050 or earlier; obtaining its validation by the Science Based Targets (SBTi) initiative in February 2025.

During the 2024 fiscal year, it has continued to meet the roadmap with a reduction of -35.78% compared to 2020 in Scope 1 and Scope 2 emissions in absolute terms; in relation to Scope 3 emissions, it has achieved a reduction of -18.08% compared to 2020.

Emissions Avoided & Compensated

We have set the goal of achieving climate neutrality by 2050 by lowering emissions and voluntarily offsetting emissions that cannot be reduced. The latter is done by neutralization in reforestation and mitigation projects outside the value chain. In the short term, by 2030, the company plans to offset 20% of its direct emissions, increasing on nature-based solutions and prioritizing projects in areas where it has operations.

The Deep Decarbonization Path outlines the roadmap to achieving the emission reduction target by 2030, in accordance with the SBTi initiative, and achieving neutrality by the middle of the century, excluding the service area. The Ministry for the Ecological Transition and the Demographic Challenge has awarded Ferrovial the highest recognition for its work to “Calculate,” “Reduce,” and “Compensate”.

This was thanks to the Compensa project, a nature-based solution focused on forest restoration in burned zones or agricultural areas to absorb emissions. This initiative, which is carried out in Torremocha de Jarama, Madrid, aims to restore vegetation in an agricultural area devoid of trees, turning it into a CO2 absorption forest. This project has helped repopulate 7.7 hectares in three years (4.8 in 2019, 1.8 in 2020, and 1.1 in 2021). A total of 4,000 trees will be planted, and over the next 50 years, they will absorb some 2,000 tons of CO2.

In addition to supporting the fight against climate change and being a key initiative in environmental matters, the project also has a social impact: it has created 10 local jobs each year, prioritizing individuals who are in a disadvantaged situation or belong to groups that are at risk of exclusion. They all receive training and are responsible for replanting their own forest, further adding social value to their work.

In addition, Ferrovial has a very diverse portfolio of offset projects, mainly focusing mainly on nature-based projects: two renewable energy projects, a sustainable forest management project and two reforestation projects.

• The sustainable forest management project involves a forest in the Amazon (specifically in Peru), thereby protecting the ecosystem and promoting the productive activities of local communities in a sustainable way and reducing deforestation that could be generated without such a project.
• One of the reforestation projects is located in Uruguay (Montes del Este, in the central-eastern part of the country), a project covering 4,313 hectares of planted forests on degraded grasslands. The planted forests will remove carbon dioxide from the atmosphere and store it in different carbon stocks, as well as benefiting the region’s biodiversity and providing jobs for local communities.
• Another reforestation project is located in Spain, specifically in A Fonsagrada (Galicia). This project consists of a plantation carried out in a dense area with the aim of recovering degraded areas through the establishment of a mass of native trees that are resistant to pests and diseases. It is an emission absorption project, based on nature and generating social benefits as well as promoting the creation of habitat for the fauna of the area

• Learn more about climate risks and opportunities
• Learn more about climate-related management incentives