In addition to the "Ferrovial, Natural Capital" program, the company develops different projects related to biodiversity, aiming both to evaluate and mitigate the impact on the natural spaces or ecosystems affected by its activity, and to anticipate market trends and the case being, take advantage of the opportunities that arise.
Ferrovial works with several scientific institutions ( CSIC, Universidad Rey Juan Carlos de Madrid, USAL) in the development of a methodology on a corporate scale to measure the company’s impact on Natural Capital and therefore on biodiversity.
All this will be done within the framework of the tool called Corporate Ecosystem Assessment. This is defined as a process that provides information on improvement in decision making. Introducing the concepts of Natural Capital, Ecosystem Services and biodiversity as a framework to evaluate the dependence and impact of companies on them from the following points of view:
The objective is to have a proven and replicable evaluation method for all of its activities, which can serve as a decision-making tool, incorporating the “Biodiversity No Net Loss” criterion. To achieve this, this tool will allow a correct application of the Mitigation Hierarchy, with the intention of not only restoring or compensating impacts on ecosystems, but avoiding and minimizing them. Once designed, the methodology will begin to be tested in concrete contracts and later will be automated so that the evaluation is done in a systematic way.
Ferrovial also participates in the Spanish Enterprise and Biodiversity Initiative, a public-private partnership project with the Biodiversity Foundation and the Spanish Ministry of Agriculture, Fisheries, Food and Environment. It also collaborates with WWF, with whom it has developed the “Guide for Timber Procurement”. This includes references and different resources and tools with the intention of adapting to the changes taking place in the sector of legal trade and responsible for forest resources. And with the final objective, to establish a leading procedure to help the conservation of these resources and therefore of biodiversity. In addition, it supports various promoted initiatives; the company aligns its biodiversity strategy with the policies, objectives and plans at the national and European level. In this sense, Ferrovial Agroman has for years had a specific procedure for the quantitative evaluation of risks associated with protected areas or of high ecological value and the implementation of the necessary measures for their mitigation and control.
With respect to the emerging biodiversity markets, Ferrovial has been deepening the existing offsetting mechanisms. At present, Ferrovial is attentive to the development of new legal frameworks in countries like Spain or the United Kingdom.