Corporate Responsibility Management

Our progress

Major milestones in corporate responsibility issues in 2007:

Shareholders, investors and analysts

  • Complete, accurate access to Ferrovial's performance in the marketplace. The Corporate Responsibility Report incorporates the principles of the AA1000AS AccountAbility standard in the complete version available on the Internet. A Corporate Responsibility information system that allows non-financial information to be reported in a comparable and traceable manner was implemented in 2007. The content of the Corporate Responsibility Report was also analysed at a Stakeholders Forum, in which experts in sustainability and corporate responsibility participated alongside company executives.

  • Obtain good results and generate benefits. Revenue rose around 18.4% in 2007, partially owing to BAA's incorporation during the entire year. The EBITDA rose 31%, to over 3 billion euros, with operating revenues of close to 2 billion euros and growth of 31%. Ferrovial was awarded Euromoney's Deal of the Year in 2006 for BAA's acquisition and Mi Cartera de Inversión magazine called the acquisition the year's Best Financial Transaction.

Employees

  • Safe, flexible, quality employment. 79% of all Ferrovial employees have permanent contracts and 46% of all its activities are covered by OSHAS health and safety certification. Ferrovial has had Family Friendly Company certification since 2006. As for equal opportunities, the number of women in executive posts rose 12 points (23%). The Planning Program for executive succession was also launched in 2007.

  • Professional development in a prestigious company. Ferrovial is the world's leading infrastructure managers (PWF) and one of the world's most sustainable companies (Dow Jones Sustainability Index). It is one of the 10 companies with the best reputations in the world (Merco) and one of the 30 best companies to work for in Spain (Actualidad Económica). In addition to prestige, growth abroad became a source of career opportunities: 6% of the workforce was promoted in 2007. Summa, the corporate university for professional development, was launched in 2007 and concluded its first year with 37,378 classroom hours and the participation of 1,627 employees.

Customers and users

  • Enhance mobility with safe, quality infrastructures. In 2007, 35.8 million euros was invested in RDI projects related to infrastructure quality and sustainability, the equivalent of 1.9% of the EBIT. 65% of all revenue is now covered by quality systems and employees received 5,600 training hours in quality. Over 40 million euros have been invested in improving security at British airports since July 2006, including the recruitment of 2,000 new security officers and the purchase of screening devices and X-ray scanners.

  • Prevent inconveniences caused by security or works in execution. Wait times in security queues have fallen, despite increased airport security measures. Queues at security checkpoints fell to 5 minutes 95% of the time during the last quarter and airport handling service quality indictors improved all across the board.

Community

  • Defend human rights in all the countries where it operates. The Corporate Responsibility policy is committed to implementing the principles of the United Nations' Global Compact in all Group companies.

  • Ethical conduct in the marketplace. Ferrovial's ethical conduct in the marketplace was recognised as a competitive edge in 2007 by its major stakeholders (Rep Trak). Ferrovial is also one of the top Spanish 10 companies in terms of reputation (Merco) and received an award as one of the country's most responsible companies (IESE). There were no complaints on the corporate level or corruption-related investigations in 2007. 

  • Protect the environment. Ferrovial signed the Bali Declaration in its efforts to combat climate change. Several of the most outstanding improvements it has achieved include the inauguration of a plant that takes advantage of biogas energy with microturbines to save energy and prevent CO2 emissions (Cespa). Ferrovial's British subsidiary Amey introduced the use of hybrid automobiles, electric carriages and bicycles for employees. As for energy consumption, Ferrovial doubled its consumption of reused water (311,415 m3) in the construction area.

  • Commit to development in the Community. En 2007, Ferrovial invested 16.7 million euros in the cultural, social and environmental development of the communities where it operates, the equivalent of 0.9% of the EBIT. The "From Responsibility to Commitment" strategic plan, which reinforces its commitment to communities by promoting research projects to integrate immigrants, people with disabilities and seniors, was approved for the 2008-2010 period and the London Benchmarking Group (LBG)'s methodology was used to measure these projects' social impact. The Water is Life Project was developed along the lines of the Millennium Development Goals (MDG) for cooperative development to supply drinking water to the region of Mara in northeast Tanzania. Ferrovial presented its commitment to development at the United Nations' Global Compact Summit (Geneva).