Climate Strategy

We continue our efforts to offer services and infrastructures that respond to challenges such as Climate Change, water footprint management, energy crisis and loss of biodiversity, to create long-term value.

The recent entry into force of the Paris Agreement – the first universal agreement on Climate Change – in which the main objective is to limit global warming below 2 degrees Celsius compared with pre-industrial levels, confirms the commitment of governments and the private sector to achieve a reduction of CO2 emissions that tends towards low-carbon economies.

We are aware of our responsibility in this process and therefore firmly commit to the reduction of our emissions and the environmental impact of our activities. We also promote the generation of new ideas and business models to offer our customers and users innovative solutions with less impact.

Our strategy contemplates the risks and opportunities detected in each activity, which has two fundamental objectives:

1. Responsible environmental impacts that occur in our activities, from an eminently preventive perspective. That perspective includes the development of actions to reduce GHG emissions.
2. The use of our capacities and knowledge in the development of infrastructures and services for a low emissions economy.

An overview of our Climate Strategy 2023

The following graphic shows the key points of our Climate Strategy.

DOWNLOAD OUR CLIMATE STRATEGY 2023 HERE

Actions to Reduce Emissions

To meet this commitment, we have developed and implemented actions to reduce emissions of both a general nature and specific to each business area:

• Incorporation of energy efficiency criteria in procurement and outsourcing of services.
• Sustainable Mobility Strategy for our employees. All corporate headquarters in Spain and the United Kingdom have mobility plans.
• Improved energy efficiency in both industrial and passenger vehicle fleets.
• Use of less polluting fuels.
• Development of technology and processes to avoid emissions.
• Incorporation of energy efficiency measures in buildings occupied by corporate headquarters.
• Promotion of the purchase of renewably sourced energy.

Efficiency in the use of energy and natural resources, as well as the reduction of emissions and discharges, are a priority in production centers, but also a source for innovation and the development of solutions that we can offer our customers and users. In particular, energy efficiency in buildings, comprehensive city management (SmartCities) as in the case of the municipality of Torrejón de Ardoz in Madrid, Spain or the low-emission mobility that is already being developed at London’s Heathrow airport. The conservation of biodiversity is also considered a priority, supported by the best scientific and technical knowledge.

Click here to know more about the objectives we have in place to reduce our carbon footprint.

Adaptation Plan

Another of the fundamental pillars of the company’s climate change strategy is adaptation to extreme phenomena. At Ferrovial, we seek to limit risks and impacts, reduce vulnerabilities and increase the resilience of the infrastructures we develop and operate.

We are working with a group of experts from the University of Cantabria led by a member of the Intergovernmental Panel on Climate Change (IPCC) to develop a methodology and an internal tool that will allow us to identify, assess and quantify physical risks, as well as establish specific adaptation measures to reduce and mitigate these risks.

This methodology considers different time horizons (short, medium and long term), climate scenarios (RCD scenarios published in the IPCC report), types of infrastructure and climate variables specific to each location. As a result, Ferrovial can have adaptation plans for each project that include:

• Taking out insurance policies which, in the event of a risk occurring, would cover repair costs and loss of income due to stoppage of activity.
• Application of preventive measures, including: considering climatic phenomena in the design of projects, carrying out preventive maintenance, etc.
• Definition of emergency plans associated with climate risks.

This instrumentation will help the company to standardize the process, improve risk management and be more resilient to climate change by including these measures in the design phase of projects.

Consult the Fact Sheet

Below you will find information about the projects in which we incorporate specific environmental measures to reduce the impact of climate change.