Corporate Responsibility Management

Principles and policies

The fundamental principles, on which the policies of Corporate Responsibility are based, are summarised in the Code of Business Ethics and the Global Compact.

Amongst others are the following noteworthy highlights:

Corporate Responsibility Policy

Ferrovial's Board of Directors is responsible for its corporate responsibility policy and for ensuring Ferrovial's compliance with applicable laws and regulations and that the customs and good practices in the industries and territories where it operates are respected and that the social responsibility principles which it voluntarily assumes are observed. (Chapter II, Functions of the Board in the Bylaws).

Ferrovial has defined corporate responsibility within the context of sustainability as a management tool that aims to create long-term value for stakeholders and the Company itself. In 2007, Ferrovial's Board of Directors approved a corporate responsibility policy that included the following points:

  • Ferrovial understands corporate responsibility as the voluntary integration of economic, ethical, social, employment and environmental issues as well as a respect for human rights into its business operations and relationships with stakeholders. This concept includes the definition of corporate social responsibility (CSR) contained in the European Union's Green Book (2001).

  • Recognition of corporate responsibility's strategic dimension, which is related to corporate competitiveness and aims to create value for stakeholders and the Company itself. If traditional companies were characterised by maximising shareholder value, corporate responsibility consists of creating value for stakeholders. This concept of responsibility involves constantly striking a balance between benefits and negative impacts for the community and to do so, considers the expectations of stakeholders, who are the new protagonists in this approach to creating corporate value.