Commitment

Ferrovial began its journey more than a decade ago by implementing its Climate Strategy and setting reduction targets. This strategy has enabled Ferrovial to reduce emissions by 56% in 2020 (vs 2009, base year, in terms of carbon intensity), and increase renewable electricity sourcing up to 68% globally.

Ferrovial is now speeding up the decarbonisation of its portfolio and one of the first companies in its sector to have its ambitious emissions reduction targets approved by the Science Based Targets (SBTi) initiative. At least 32% in absolute terms by 2030, with the aim of reaching 35.3% in the area of infrastructure, excluding services (in terms of sources linked to its activity, i.e. scopes 1 and 2), and reducing 20% indirect emissions (Scope 3). The company is also committed to having 100% of the electricity consumed in 2025 to be renewable.

In addition, its Climate Strategy 2030-50 reinforces the business’ R&D activities, which establish a roadmap to develop new business opportunities. Ferrovial has reinforced its commitment to sustainability and reaffirms the importance of the SDGs in its strategic plans and in its activities, all of which are mentioned in its recently published Sustainability Strategy, including SDG 13 “Climate Action” which plays a key role. The measures implemented in these areas aim to decarbonise the economy and mitigate the effects of climate change. The company works hard to minimise its environmental impact and offer products and services that promote the adoption of a sustainable economic model. For this reason, Ferrovial’s Climate Strategy is based on the circular economy model, while the company offsets its biodiversity impact and minimizes its water footprint.

Climate change is a key element in the company’s governance, which incorporates the recommendations of the Task Force on Climate Disclosures (TCFD). The recognition and assessment of climate risks are integrated into Ferrovial’s Risk Management (FRM) corporate system.

These are the reasons why Ferrovial is seen as a global reference in the field of sustainable infrastructure. The fact that its Climate Strategy is fully integrated into the Corporate Strategy highlights the company’s commitment to achieving progressive and effective decarbonisation of the economy.

Quality and Environmental Management | Ferrovial

Lighthouse initiative

Ferrovial Shadow Carbon Pricing

Ferrovial has developed a tool to quantify the climate risk of its most relevant investments in the form of “shadow carbon pricing”, in order to accelerate the decarbonisation of its business models. This tool considers variable prices for a ton of carbon for different time horizons, regions and project types, thus quantifying the potential economic risk associated with climate change in the projects where the tool is used.

Ferrovial’s carbon pricing initiative is fully aligned with the Paris Climate Agreement, the EU’s taxonomy system and the expectations of investors and financers, which is a direct incentive towards achieving the decarbonisation of the economy, as well as providing quality information to redirect investments towards more sustainable activities.

The Deep Decarbonisation Path plan, included in Ferrovial’s Horizon 24 strategy, sets the route to achieve the reduction targets set by the SBTi for 2030 in the fields of construction and infrastructure. The main steps in this plan are: 100% electricity consumption from renewable sources by 2025; fleet renewal up to 33% zero-emission vehicles by 2030; improving energy efficiency in asphalt plants by 20%; and increasing energy efficiency in construction machinery by 10%.

For years, Ferrovial has been positioning itself as a company that offers sustainable infrastructure and services, while looking for new business opportunities in the areas of mobility, water, electrification, energy efficiency and infrastructure adaptation. By providing solutions through its ≪low carbon≫ business models, Ferrovial has become a strategic partner when it comes to emission mitigation and adapting to the effects of climate change.

Climate change – Consequences and solutions | Ferrovial

Ignacio Madridejos, CEO of Ferrovial:

“Ferrovial works hard to minimise its environmental impact and offer products and services that promote the adoption of a sustainable economic model. The company has established several initiatives in its Climate Strategy to support the decarbonisation of the economy and mitigate the effects of climate change.”

Making Sustainable Infrastructure that Can Improve our Mobility

At Ferrovial, we are always thinking about the future of mobility, designing new mobility solutions that are effective and environmentally friendly.