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.

Global targets in the plan Horizon 2030 have been verified by the Science Based Target, and are aligned with the scenarios in the 2nd.

Among the objectives lies our commitment to achieve a 35.30% reduction of scopes 1 and 2 by 2030. Using 2009 as the year of reference, this is equivalent to reducing emissions by 42.9% for every million euros of turnover. Likewise, we are committed to reducing emissions from scope 3 by 20% until 2030, using 2012 as a year of reference.

In 2023, scope 1 and 2 emissions went down by 73.35% in terms of intensity compared to the base year. In absolute terms, emissions have decreased by 45.58% since the base year, a reflection of our commitment to the roadmap set forth for meeting the goals.

Since 2009, and thanks to internal planning, we have reduced our scope 1 and 2 emissions by 274,319 tCO2e.

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.

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, we have a portfolio of offset projects: two renewable energy projects and one sustainable forest management project. The sustainable forest management project involves a forest in the Amazon (specifically in Peru); this protects the ecosystem and promotes the productive activities of local communities in a sustainable way, thereby reducing deforestation that could otherwise occur without such a project.

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