Reporting principles

The present Corporate Responsibility Report endeavours to offer balanced, reliable information on the Ferrovial Group's performance in the material issues raised by stakeholders. In this way, this document has been compiled in compliance with the AA1000AS Standard and uses the third version of the Global Reporting Initiative (GRI) Guidelines as a reference.

The AA1000 Standard

For the first time, the Corporate Responsibility Report has applied the principles of the AA1000 Standard, a key tool for aligning information presented in reports with stakeholder expectations. This new feature affects the report's structure, which now includes an expanded section on stakeholder relations.

The AA1000 Standard is based on three fundamental pillars:

  • Relevance. This means that the information included in the report is needed by stakeholders, i.e., it ensures reporting on all those "material" aspects that could influence stakeholder decisions or actions if omitted or distorted.

  • Exhaustiveness. This analyses the extent to which the reporting organisation can identify and cover material aspects of its sustainable performance and present sufficient information in terms of quality and amount.

  • Capacity for response. This means reporting on the capacity to respond to stakeholder expectations.

The GRI3 Guidelines

This report is based on the third version of the Global Reporting Initiative (GRI) Guidelines, which includes a series of criteria and indicators that aim to define a report's content, scope and coverage, as well as ensure the quality of the information disclosed. A GRI index is presented in the final part of the Corporate Responsibility section of this report.

Ferrovial self-rated this Report as B level, according to GRI guideline requirements.

GRI Report Logo. B self declared

The following are among the principles on which the GR13 is based:

  • Principles for defining content:

    - Materiality

    - Stakeholder participation

    - Context of sustainability

    - Exhaustiveness

  • Principles for defining the quality of reports:

    - Balance

    - Comparability

    - Accuracy

    - Regularity

    - Clarity

    - Reliability

As regards the principles underpinning reporting content, Ferrovial's activities are described in the specific sections on materiality, stakeholder dialogue and principles for sustainable development.

A series of measures were applied during 2007 to ensure the quality of this report:

  • The implementation of a Corporate Responsibility Information System at Ferrovial (see the section on the Information Consolidation Process) that allows clear, reliable, regular, comparable and accurate information to be obtained.

  • Ferrovial hosted a Stakeholders Dialogue Forum with its Stakeholdres last 12th February 2008 in which representatives of several interest groups were asked to share their opinions on the rough draft of the Corporate Responsibility Report 2007 based on the following GRI3 principles were requested. Experts shared their opinions with the department directors involved in managing Ferrovial's corporate responsibility actions. This annual report includes 60% of these non-binding recommendations.