GRI Standard Indicators
Fundamentals (GRI 101)
GRI 102 (GENERAL DISCLOSURES 2016)
| ORGANIZATION PROFILE | Page/Reference | Scope |
|---|---|---|
| 102-1 Name of the organization | Note 1.1. of Ferrovial’s Consolidated Financial Statements 2020 | Ferrovial |
| 102-2 Activities, brands, products, and services | 14-15 and 22 | Ferrovial |
| 102-3 Location of headquarters | Note 1.1. of Ferrovial’s Consolidated Financial Statements 2020 | Ferrovial |
| 102-4 Location of operations | 14-15 and 22 | Ferrovial |
| 102-5 Ownership and legal form | Note 1.1. of Ferrovial’s Consolidated Financial Statements 2020 | Ferrovial |
| 102-6 Markets served | 14-15 and 22 | Ferrovial |
| 102-7 Scale of the organization | 12-19 | Ferrovial |
| 102-8 Information on employees and other workers | 72-73 and Appendix to GRI Indicators | Ferrovial |
| 102-9 Supply Chain | 90-91 and Appendix to GRI Indicators | Ferrovial |
| 102-10 Significant changes to the organization and its supply chain | Notes 1.1.2 and 1.1.3 of Ferrovial’s Consolidated Financial Statements 2020 | Ferrovial |
| 102-11 Precautionary Principle or approach | 96-88 and 99-103 | Ferrovial |
| 102-12 External Initiatives | 130 | Ferrovial |
| 102-13 Membership of associations | 130 | Ferrovial |
| STRATEGY | Page/Direct Reference | Scope |
|---|---|---|
| 102-14 Statement from senior decision-maker | 9, 22-23, 100 | Ferrovial |
| 102-15 Key impacts, risks, and opportunities | 9, 100-103 | Ferrovial |
| ETHICS AND INTEGRITY | Page/Direct Reference | Scope |
|---|---|---|
| 102-16 Values, principles, standards, and norms of behavior | 24, 82-83 and 92-93 | Ferrovial |
| 102-17 Mechanisms for advice and concerns about ethics | 82-83 | Ferrovial |
| GOVERNANCE | Page/Direct Reference | Scope |
|---|---|---|
| 102-18 Governance structure | 106-108 Section C of Ferrovial’s Annual Corporate Governance Report 2020 |
Ferrovial |
| 102-19 Delegating authority | 106-108 Section C of Ferrovial’s Annual Corporate Governance Report 2020 |
Ferrovial |
| 102-20 Executive-level responsibility for economic, environmental, and social topics | 106-108 Section C of Ferrovial’s Annual Corporate Governance Report 2020 |
Ferrovial |
| 102-21 Consulting stakeholders on economic, environmental, and social topics | 130-131 | Ferrovial |
| 102-22 Composition of the highest governance body and its committees | 106-108 Section C of Ferrovial’s Annual Corporate Governance Report 2020 |
Ferrovial |
| 102-23 Chair of the highest governance body | 106-108 Sections C.1.2 and C.1.3 of Ferrovial’s Annual Corporate Governance Report 2020 |
Ferrovial |
| 102-24 Nominating and selecting the highest governance body | 106-108 Section C of Ferrovial’s Annual Corporate Governance Report 2020 |
Ferrovial |
| 102-25 Conflicts of interest | 106-108 Section D.6 of Ferrovial’s Annual Corporate Governance Report 2020 |
Ferrovial |
| 102-26 Role of highest governance body in setting purpose, values, and strategy. | 106-108 | Ferrovial |
| 102-27 Collective knowledge of highest governance body | The Board of Directors is informed annually regarding environmental management issues for the company, as well as regarding monitoring of the corporate responsibility strategic plan. Furthermore, the Board, directly or via its committees, remains abreast of a series of issues on which it is required to make decisions. These include approving policies on a wide range of issues. | Ferrovial |
| 102-28 Evaluating the highest governance body’s performance | Sections C.1.19 to C.1.21 of Ferrovial’s Annual Corporate Governance Report 2020. | Ferrovial |
| 102-29 Identifying and managing economic, environmental, and social impacts | 106-108 Section E of Ferrovial’s Annual Corporate Governance Report 2020 |
Ferrovial |
| 102-30 Effectiveness of risk management processes | 106-108 Section E of Ferrovial’s Annual Corporate Governance Report 2020 |
Ferrovial |
| 102-31 Review of economic, environmental, and social topics | 106-108 Section E of Ferrovial’s Annual Corporate Governance Report 2020 |
Ferrovial |
| 102-32 Highest governance body’s role in sustainability reporting | 128 | Ferrovial |
| 102-33 Communicating critical concerns | 83,128 and 130-131 | Ferrovial |
| 102-34 Nature and total number of critical concerns | 83,128 and 130-131 | Ferrovial |
| 102-35 Remuneration policies | 110-111 | Ferrovial |
| 102-36 Process for determining remuneration | 110-111 | Ferrovial |
| 102-37 Stakeholders’ involvement in remuneration | 110-111 | Ferrovial |
| 102-38 Annual total compensation ratio | Appendix to GRI Indicators | Ferrovial |
| 102-39 Percentage increase in annual total compensation ratio | Appendix to GRI Indicators | Ferrovial |
| STAKEHOLDERS ENGAGEMENT | Page/Direct Reference | Scope |
|---|---|---|
| 102-40 List of stakeholder groups | 130-131 | Ferrovial |
| 102-41 Collective bargaining agreements | 85, Appendix to GRI Standards and table of contents of non Financial Information Statements | Ferrovial |
| 102-42 Identifying and selecting stakeholders | 2, 130-131 | Ferrovial |
| 102-43 Approach to stakeholder engagement | 128 and 130-131 | Ferrovial |
| 102-44 Key topics and concerns raised | 128-132 | Ferrovial |
| REPORTING PRACTICE | Page | Scope |
|---|---|---|
| 102-45 Entities included in the consolidated financial statements | Appendix II of Ferrovial’s Consolidated Financial Statements 2020 | Ferrovial |
| 102-46 Defining report content and topic Boundaries | 2, 130-131 | Ferrovial |
| 102-47 List of material topics | 131 | Ferrovial |
| 102-48 Restatements of information | 130 | Ferrovial |
| 102-49 Changes in reporting | 130 | Ferrovial |
| 102-50 Reporting period | Fiscal year 2020 | Ferrovial |
| 102-51 Date of most recent report | Fiscal year 2019 | Ferrovial |
| 102-52 Reporting cycle | Annual | Ferrovial |
| 102-53 Contact point for questions regarding the report | Back cover | Ferrovial |
| 102-54 Claims of reporting in accordance with the GRI Standards | This report has been prepared in accordance with the Comprehensive option of the GRI Standards | Ferrovial |
| 102-55 GRI content index | 138 | Ferrovial |
| 102-56 External assurance | 155 | Ferrovial |
Thematic contents
| Materiality | Indicator | Page / Direct Reference | Scope | |
|---|---|---|---|---|
| GRI 103 Management approach 2016 | 103-1 Explanation of the material issue and its limitations | 131 | Ferrovial | |
| 103-2 The management approach and components | 12-15 | Ferrovial | ||
| 103-3 Evaluation of the management approach | 12-15 | Ferrovial | ||
| Economic Performance | ||||
| GRI 201 Economic Performance 2016 | 201-1 Direct economic value generated and distributed | See Appendix to GRI Standards | Ferrovial | |
| 201-2 Financial implications and other risks and opportunities due to climate change | 86-88 Risks and opportunities are disclosed in the Carbon Disclosure Project report, which is publicly-available on the CDP website. Information for 2020 will be made available during 2020. |
Ferrovial | ||
| 201-3 Defined benefit plan obligations and other retirement plans | Note 6.6.4 of Ferrovial’s Consolidated Financial Statements 2020 Note 6.2 of Ferrovial’s Consolidated Financial Statements 2020 |
Ferrovial | ||
| 201-4 Financial assistance received from government | Note 6.1 of Ferrovial’s Consolidated Financial Statements 2020 Note 6.4 of Ferrovial’s Consolidated Financial Statements 2020 |
Ferrovial | ||
| Market Presence | ||||
| GRI 202: Market presence 2016 | 202-1 Ratios of standard entry level wage by gender compared to local minimum wage | The relationship between entry level wage and the local minimum wage in relevant countries by gender (Men/Women) is as follows: Spain 1.28/1.28 (1.34/1.34 in 2019) United Kingdom: 1.3/1.3 (1/1 in 2019) United States: 1.66/1.66 (1.71/1.71 in 2019) Poland: 1/1 (1/1 in 2019) Chile: 1/1 (1.04/1.04 in 2019) |
Ferrovial | |
| 202-2 Proportion of senior management hired from the local community | In 2020, the proportion of senior management was 84.3% (85.79% in 2019) | Ferrovial | ||
| Indirect economic impacts | ||||
| GRI 203: Indirect economic impacts 2016 | 203-1 Infrastructure investments and services supported | 92-93 | Ferrovial | |
| 203-2 Significant indirect economic impacts | 14-15,26,30,33,36,39,76,80,81 | Ferrovial | ||
| Procurrent Practices | ||||
| GRI 204: Procurrent practices 2016 | 204-1 Proportion of spending on local suppliers | 91 | Ferrovial | |
| Anti-corruption | ||||
| GRI 205: Anti-corruption 2016 | 205-1 Operations assessed for risks related to corruption | 82-83 | Ferrovial | |
| 205-2 Communication and training about anti-corruption policies and procedures | 82-83 | Spain | ||
| 205-3 Confirmed incidents of corruption and actions taken | 82-83 | Ferrovial | ||
| Anti-competitive | ||||
| GRI 206: Anti-competitive 2016 | 206-1 Legal actions for anti-competitive behavior, antitrust, and monopoly practices | In 2020, three cases and litigations related to monopoly practices were open (two in 2019). Note 6.5 of Ferrovial’s Consolidated Financial Statements 2020* |
Ferrovial | |
| GRI 207: Tax 2019 |
207-1 Approach to tax |
94-96 | Ferrovial | |
|
207-2 Tax governance. control. and risk management |
94-96 | Ferrovial | ||
|
207-3 Stakeholder engagement and management of concerns related to tax |
94-96 | Ferrovial | ||
|
207-4 Country-by-country reporting |
94-96-Appendix to GRI Indicators | Ferrovial | ||
Environmental materials
| Materiality | Indicator | Page / Direct Reference | Scope | |
|---|---|---|---|---|
| GRI 103 Management approach 2016 |
103-1 Explanation of the material topic and its Boundary | 129 | Ferrovial | |
| 103-2 The management approach and its components | 86-88 | Ferrovial | ||
| 103-3 Evaluation of the management approach | 86-88 | Ferrovial | ||
| Materials | ||||
| GRI 301: Materials 2016 | 301-1 Materials used by weight or volume | Appendix to GRI Standards. It is given information about the most representative used material for each division. The most significant material could change every year according to each project, so the data could not be comparable. | Ferrovial | |
| 301-2 Recycled input materials used | Appendix to GRI Standards. | Ferrovial | ||
| 301-3 Reclaimed products and their packaging materials | The activity of the company does not include the production of goods destined for sale with packaging | Ferrovial | ||
| Energy | ||||
| GRI 302: Energy 2016 | 302-1 Energy consumption within the organization | Appendix to GRI Standards. | Ferrovial | |
| 302-2 Energy consumption outside of the organization | Energy use from consumption of fuels, electricity and losses due to electricity transport stood at 1,292,997 GJ | Ferrovial | ||
| 302-3 Energy intensity |
Energy intensity is 566.0 GJ/M€ (555.4 GJ/M€ in 2019). The 2019 data have been recalculated with the information available in 2020. |
Ferrovial | ||
| 302-4 Reduction of energy consumption | Energy consumption reduced 4.46% compared to 2020 | Ferrovial | ||
| 302-5 Reductions in energy requirements of products and services | 86-88 | Ferrovial | ||
| Water | ||||
| GRI 303: Water 2016 |
303-1 Interactions with water as a shared resource |
See Appendix to GRI Indicators. Data reported for 2020 include estimates based on the best information available at the date of preparation of the report. The main consumptions have been estimated based on average water consumption prices per country. |
Ferrovial | |
|
303-2 Management of water discharge-related impacts |
See Appendix GRI Indicators. |
Ferrovial | ||
| 303-3 Water withdrawal | See Appendix GRI Indicators. | Ferrovial | ||
|
303-4 Water discharge |
Total wastewater discharge amounted to 868,052 m3 (1,127,466 m3 in 2019). The discharge data has been calculated based on standard discharge indicators for certain activities published by various sources, not constituting actual discharge measurements. |
Ferrovial | ||
|
303-5 Water consumption |
See Appendix GRI Indicators. | Ferrovial | ||
| Biodiversity | ||||
| GRI 304: Biodiversity 2016 | 304-1 Operational sites owned, leased, managed in, or adjacent to, protected areas and areas of high biodiversity value outside protected areas. |
In 2020, Ferrovial worked on 18 projects subject to Environmental Impact Statement (or equivalent figures), according to the legal framework of each country. (17 in 2019). |
Construction business and Ferrovial Services Spain |
|
| 304-2 Significant impacts of activities. products. and services on biodiversity |
The most significant impacts on biodiversity have been contemplated in the respective Environmental Impact Statements or equivalent figures, according to the legal framework of each country, of the activities that so require. Likewise, compensation actions are carried out in those cases in which this has been required in accordance with the provisions of said declarations or equivalent figures. |
Ferrovial | ||
| 304-3 Habitats protected or restored |
Ferrovial carries out the ecological restoration of habitats affected by the construction and operation of its infrastructures in accordance with the regulations in force in each country, introducing wherever possible improvements over the minimum requirements as well as ecological restoration criteria that ensure better long-term results. |
Ferrovial | ||
|
304-4 IUCN Red List species and national conservation list species with habitats in areas affected by operations |
See Appendix to GRI Standards. | Ferrovial | ||
| Emisions | ||||
| GRI 305: Emisions 2016 | 305-1 Direct (Scope 1) GHG emissions | 91. Appendix to GRI Standards. | Ferrovial | |
| 305-2 Energy indirect (Scope 2) GHG emissions | 73. Appendix to GRI Standards. | Ferrovial | ||
| 305-3 Other indirect (Scope 3) GHG emissions | 73. Appendix to GRI Standards. Scope 3 emissions are limited to the described scope on the table 305-3 on the GRI Standards Indicators. |
See Appendix to GRI Indicators | ||
| 305-4 GHG emissions intensity | GHG emissions intensity reached 66 tCO2/INCN (M€) | Ferrovial | ||
| 305-5 Reduction of GHG emissions | 91. Appendix to GRI Standards. | Ferrovial | ||
| 305-6 Emissions of ozone-depleting substances (ODS) | This data is not considered material because Amey no longer has operational control over centers using refrigeration equipment, which use refrigerants based on fluorinated gases or ozone depleting substances. | Ferrovial | ||
| 305-7 Nitrogen oxides (NOX), sulfur oxides (SOX), and other significant air emissions | Appendix to GRI Standards. | Ferrovial | ||
| Effluents and Waste | ||||
| GRI 306: Effluents y waste 2016 | 306-1 Water discharge by quality and destination |
Total wastewater discharge amounted to 868,052 m3 (1,127,466 m3 in 2019). The discharge data has been calculated based on standard discharge indicators for certain activities published by various sources, not constituting actual discharge measurements. |
Ferrovial | |
| 306-2 Waste by type and disposal method |
See Appendix to GRI Indicators. Data reported for 2020 include estimates based on the best information available at the date of preparation of the report. |
Ferrovial | ||
| 306-3 Significant spills |
During 2019 and 2020 no significant spills have been recorded. |
Ferrovial | ||
| 306-4 Transport of hazardous waste |
During 2020 the amount of transboundary waste transported was 151.56 t (47.32 t in 2019). |
Ferrovial Servicios España | ||
| 306-5 Water bodies affected by water discharges and/or runoff |
In the projects developed by Ferrovial in 2020, 23 had high quality watercourses in their vicinity (19 in 2019), of which 2 started in 2020. |
Ferrovial Construction |
||
| Environmental Compliance | ||||
| GRI 307: Environmental Compliance 2016 | 307-1 Non -compliance with environmental laws and regulations |
The most significant penalties paid in 2020 for non-compliance with environmental legislation were €19,228 (€25,200 in 2019), corresponding to one case imposed in 2020, and €76,551 corresponding to two cases imposed in previous years (€90,751 in 2019). |
FS España |
|
| Supplier Environmental Assessment | ||||
| GRI 308: Supplier Environmental Assessment 2016 | 308-1 New suppliers that were screened using environmental criteria |
90-91 |
Ferrovial | |
| 308-2 Negative environmental impacts in the supply chain and actions taken |
90-91. In Construction. the negative environmental impacts had by the supply chain are evaluated. identifying potential risks and substandard work. The measures adopted range from expulsion from the project and/or rejection of the supplier. to warnings that improvements are required in less serious cases. In the Services division. face-to-face audits are carried out on a sample of suppliers. |
Ferrovial | ||
Aspectos Sociales Materiales
| Materiality | Indicator | Page / Direct Reference | Scope | |
|---|---|---|---|---|
| SOCIAL MATERIAL ASPECTS |
||||
| Management approach | ||||
| GRI 103: Management Approach 2016 |
103-1 Explanation of material issue and its limitation |
130-131 |
Ferrovial | |
| 103-2 The management approach and its components |
72-75 |
Ferrovial | ||
| 103-3 Evaluation of the management approach |
72-75 |
Ferrovial | ||
| Employment |
||||
| GRI 401: Employment 2016 | 401-1 New employee hires and employee turnover | Appendix to GRI Standards | Ferrovial | |
| 401-2 Benefits provided to full-time employees that are not provided to temporary or part-time employees | Social benefits for each country and bussiness are offered equally to full-time employees and part-time employees. In some cases, employees need to have held their posts for at least one year to be eligible for certain social benefits | Ferrovial | ||
| 401-3 Parental leave | Ferrovial does not consider this a risk, as the countries where it operates have protectionist legislation in place for such matters. Such information is therefore not subject to specific managerial procedures | Ferrovial | ||
| Labor Relations |
||||
| GRI 402: Labor Relations 2016 | 402-1 Minimum notice periods regarding operational changes | Ferrovial complies with the advance notice periods established in labor legislations or those enshrined, if applicable, in the collective agreements pertinent to each business, with no corporate advance notice periods having been established | Ferrovial | |
| Occupational Health and Safety | ||||
| GRI 403 Occupational Health and Safety 2018 |
403-1 Occupational health and safety management system |
42, 74-75 |
Ferrovial | |
|
403-2 Hazard identification. risk assessment. and incident investigation |
74-75 |
Ferrovial | ||
|
403-3 Occupational health services |
42, 74-75 |
Ferrovial | ||
|
403-4 Worker participation. consultation. and |
74-75 |
Ferrovial | ||
|
403-5 Worker training on occupational health and safety |
75 |
Ferrovial | ||
|
403-6 Promotion of worker health |
74-75 |
Ferrovial | ||
|
403-7 Prevention and mitigation of occupational health and safety impacts directly linked by business relationships |
Risk of developing occupational diseases is detected through risk assessments conducted by the Safety and Health Department and controlled through the health surveillance. where relevant relevant protocol according to the risk exposure of the workers are defined and applied. |
Ferrovial | ||
|
403-8 Workers covered by an occupational health and safety management system |
Ferrovial | |||
|
403-9 Work-related injuries |
Ferrovial | |||
|
403-10 Work-related ill health |
See Appendix to GRI Indicators | Ferrovial | ||
| Training and education | ||||
| GRI 404 Training and education 2016 | 404-1 Average hours of training per year per employee | See Appendix to GRI Standards | Ferrovial | |
| 404-2 Programs for upgrading employee skills and transition assistance programs | All training and development programs are aimed at improving the employability of the candidate. In the case of early retirement or restructuring plans (e.g. redundancy packages), specific training plans may be negotiated as part of other outplacement plans | Ferrovial | ||
| 404-3 Percentage of employees receiving regular performance and career development reviews |
The percentage of employees receiving regular |
Ferrovial | ||
| Diversity and Equality of Opportunities | ||||
| GRI 405: Diversity and equality of opportunities 2016 |
405-1 Diversity of governance bodies and employees | Appendix to GRI Standards Section C of Annual Corporate Governance Report 2020 |
Ferrovial | |
| 405-2 Ratio of basic salary and remuneration of women to men | Appendix to GRI Standards | Ferrovial | ||
| No discrimination | ||||
| GRI 406: No discrimination 2016 |
406-1 Incidents of discrimination and corrective actions taken | 83. Information about complaints received through the Corporative Whistleblowing Channel in Spain is given | Ferrovial | |
| Freedom of association | ||||
| GRI 407 Freedom of association 2016 | 407-1 Operations and suppliers in which the right to freedom of association and collective bargaining may be at risk | 90-91 | Ferrovial | |
| Child Labor | ||||
| GRI 408 Child Labor 2016 | 408-1 Operations and suppliers at significant risk for incidents of child labor | 90-91 | Ferrovial | |
| Forced or compulsory labor | ||||
| GRI 409 Forced or compulsory labor 2016 | 409-1 Operations and suppliers at significant risk for incidents of forced or compulsory labor | 90-91 | Ferrovial | |
| Forced or compulsory labor | ||||
| GRI 410 Security practices 2016 | 410-1 Security personnel trained in human Security guards at offices are hired via a Ferrovial rights policies or procedures |
Security guards at Ferrovial offices are hired via a Ferrovial rights policies or procedures company that certifies that said personnel have headquarters received the due training |
Ferrovial headquarters | |
| Rights of indigenous people | ||||
| GRI 411: Rights of indigenous people 2016 |
411-1 Incidents of violations involving rights of indigenous peoples |
During 2019 and 2020 there hasn’t been |
Ferrovial | |
| Human Rights Assessment | ||||
| GRI 412 Human Rights Assessment 2016 | 412-1 Operations that have been subject to human rights reviews or impact assessments | 84-85 | Ferrovial | |
| 412-2 Employee training on human rights policies or procedures |
82 | Ferrovial | ||
| 412-3 Significant investment agreements and contracts that include human rights clauses or that underwent human rights screening | 82-86, 90-91 | Ferrovial | ||
| Local Communities | ||||
| GRI 413:Local Communities 2016 |
413-1 Operations with local community engagement, impact assessments, and development programs |
92-93 | Ferrovial | |
| 413-2 Operations with significant actual and potential negative impacts on local communities |
During 2020 there has not been detected situations in which Ferrovial activities had caused a negative impact on local communities. |
Ferrovial | ||
| Supplier Social Assessment | ||||
| GRI 414: Supplier Social Assessment 2016 |
414-1 New suppliers that were screened using social criteria | 90-91 | Ferrovial | |
| 414-2 Negative social impacts in the supply chain and actions taken | 90-91 | Ferrovial | ||
| Public Policy | ||||
| GRI 415: Public Policy 2016 | 415-1 Political contributions | 82-83,130 | Ferrovial | |
| Customer Health and Safety | ||||
| GRI 416: Customer Health and Safety 2016 | 416-1 Assessment of the health and safety impacts of product and service categories | 80-81 | Ferrovial | |
| 416-2 Incidents of non-compliance concerning the health and safety impacts of products and services |
In 2020, no cases and litigation related to the safety of workers. subcontractors and users were open (109 in 2019). Note 6.5 of Ferrovial’s Consolidated Financial Statements 2020 |
Ferrovial | ||
| Marketing and labeling | ||||
| GRI 417: Marketing and labeling 2016 | 417-1 Requirements for product and service information and labeling | 80-81 | Ferrovial | |
| 417-2 Incidents of non-compliance concerning product and service information and labeling |
There has not been identified non-compliance incidents on this subject in 2019 and 2020 |
Ferrovial | ||
| 417-3 Incidents of non-compliance concerning marketing communications |
There has not been identified non-compliance incidents on this subject in 2019 and 2020 |
Ferrovial | ||
| Customer Privacy | ||||
| GRI 418 Customer Privacy 2016 | 418-1 Substantiated complaints concerning breaches of customer privacy and losses of customer data |
There has not been identified non-compliance incidents on this subject in 2019 and 2020 |
Ferrovial | |
| Socioeconomic Compliance | ||||
| GRI 419: Socioeconomic Compliance 2018 | 419-1 Non-compliance with laws and regulations in the social and economic area |
In 2020 no files and disputes relating to the safety of workers. subcontractors and users were closed with a penalty (109 in 2019). |
Ferrovial | |
AA1000 APS2008 Standard
The standard is based on three fundamental principles:
- Inclusiveness: This principle analyzes whether the company has identified and understood the relevant aspects of its sustainable performance and presents sufficient information in terms of quality and quantity. For more information, please refer to the “Material Issues” section in this chapter.
- Materiality: The information must be the information required by the stakeholders. In other words, it ensures disclosure of all those material aspects whose omission or distortion could influence its stakeholders’ decisions or actions. For more information, please refer to the GRI Standards Indicators Table.
- Responsiveness: This report includes the information relating to Ferrovial’s response to stakeholder expectations.
- Impact: the company monitors the impact of its activity on its surroundings, not only in economic terms but also from a social and environmental point of view. It also evaluates the return on investment of its social action programs. For more information, see the sections In two minutes, environment and community
GRI Standards Guidelines
The GRI Guidelines principles applied are:
Establishing report contents:
-
- Materiality: Aspects that reflect the significant social, environmental and economic impacts had by the organization or those that could have a substantial influence on stakeholder decisions.
- Stakeholder engagement: Identifying stakeholders and describing in the report how their expectations and interests have been addressed.
- Sustainability context: Presenting the company’s performance within the broader context of sustainability.
- Completeness: Coverage should enable stakeholders to assess the performance of the reporting organization.
- Establishing the quality of the report:
- Balance: The report must reflect both the positive and the negative aspects of the company’s performance.
- Comparability: Stakeholders should be able to compare the information over time and with other companies.
- Accuracy: The published information must be accurate and detailed.
- Clarity: The information must be presented in a way that is clear and accessible to everyone.
- Reliability: The information must be of high quality and it should establish the company’s materiality.