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