Impact and dependencies assessment
While Ferrovial states it has developed a methodology and an internal tool for calculating the natural capital debt, no further evidence that the company assesses its impacts on nature, including biodiversity, within its own operations could be found in the public domain. Similarly, the company does not disclose any such assessment in its supply chain. Furthermore, no evidence that the company assesses its dependencies on nature within its own operations or its upstream business relationships could be found in the public domain.
Key areas and species
While Ferrovial states it worked on 5 projects subject to Environmental Impact Statement in 2021, no further evidence that the company discloses the locations that are in or adjacent to areas important to biodiversity within its own operations or the locations of its suppliers could be found in the public domain. The company discloses a catalogue of its biodiversity initiatives for both the flore and the fauna but no evidence that the company discloses a list of species existing in or adjacent to its own locations or the locations of its suppliers could be found in the public domain. Furthermore, Ferrovial does not disclose the status according to national and international conservation lists of species identified in its own locations.
Ecosystem conversion and restoration
Ferrovial does not disclose a commitment to ensure zero conversion nor does it disclose time-bound targets to achieve conversion-free supply chains. However, the company has a commitment to minimise ecosystem conversion and to restoring ecosystems. The company discloses details and outcomes of ecosystem restoration projects in areas affected by its own operations or by its suppliers. The company also discloses ecosystem restoration efforts beyond areas affected by its own operations or suppliers, such as compensation or offset mechanisms.
Resource exploitation and circularity
Ferrovial discloses its inputs according to an international standard. However, it only discloses its use of fuel for its material footprint and could provide more details on the different types of inputs it uses. The company also does not report quantitatively on its group-wide circularity performance. While the company discloses activities to improve soil health, it has an opportunity to set a target to improve soil health in its production or sourcing practices.
Water
Ferrovial has an opportunity to engage with its suppliers to reduce water withdrawal. While the company reports a decrease in water pollution, it does not disclose its processes for managing and monitoring discharge water quality nor does it regularly report on water pollution. The company has an opportunity to disclose targets to reduce water pollution. While the company tackles access to water and sanitation through specific projects, it does not translate into a commitment to respect the right to water. Furthermore, the company does not disclose its processes for implementing preventive and corrective action plans for identified specific risks to the right to water and sanitation in its own operations.
Solid and air pollution
The company is reducing the production of hazardous waste. While Ferrovial reports regularly on air quality parameters of emissions of harmful air pollutants, it has a strong opportunity to report time-bound targets to reduce air pollutants across the most material parts of its value chain.
GHG emissions
Ferrovial has a time-bound target to reduce its scope 1 and 2 emissions and reports progress against it. The company’s targets are aligned with a 2°C trajectory. Ferrovial also has a time-bound target to reduce its scope 3 emissions and reports progress against it.
Invasive species
While Ferrovial recognises invasive species as a cause of biodiversity loss, no evidence that the company identifies the activities that could lead to the introduction of IAS in its own operations could be found in the public domain. No evidence was found that the company identifies the activities that could lead to the introduction of IAS in its value chain.