ETHICS AND PROFESSIONALISM

Ethics and professionalism are fundamental principles of Ferrovial's strategy. These principles are evidenced by an action line that fosters leadership capacity and quality by establishing a code of ethics for personnel.

Code of Business Ethics

The Code of Business Ethics establishes the basic principles and commitments that all the group's companies, employees and executives must respect and comply with in their activities.

The document complies with the company's commitment to ensure that relations between the company, its employees and other stakeholders adhere to the principles of respect for the law, ethical integrity and respect for human rights (www.ferrovial.com).

The code is divided into three chapters:
• Ferrovial's relations with employees, and relations among employees, comply with the following commitments: respect and non-discrimination; abolition of child labour; equal opportunities; occupational health and safety; respect for the privacy and confidentiality of employee information; and fostering a balance between personal and professional life;
• Ferrovial and its employees must base their relations with customers, suppliers, competitors, partners, shareholders, investors and other market players on the principles of integrity, professionalism and transparency. In this connection, our actions will be governed by the rules of fair play; honesty and integrity; quality in products and services; confidentiality of third-party information; transparency, value creation and Corporate Governance; safeguarding of assets; avoidance of conflicts of interest; and discreet, professional use of company information;
• the commitments of Ferrovial and its employees to the community are based on respect for the environment and social responsibility (complying with the law in the countries where it operates, and respecting the cultural diversity, customs and principles of the persons and communities affected by its activities).

Suggestion box

In the area of ethics and professionalism, the company is also committed to implementing mechanisms of dialogue with employees.

In 2004, Ferrovial introduced a Suggestion Box in order to enable employees to suggest ideas and improvement proposals, make comments and criticism, and report on inefficient situations or unsuitable behaviour. That information is sent to the Management Committee, which comprises members of the Company's senior management. In 2005, 115 communications were received. (More information in the chapter on Hiring and Motivating the Best Human Capital).

The Global Compact

In 2002, Ferrovial became a member of The Global Compact, an initiative which is committed to promoting and respecting ten universal principles in the areas of human rights, labour, the environment and anti-corruption.

Principles of The Global Compact:
1. Businesses should support and respect the protection of internationally proclaimed human rights within their sphere of influence.
2. Businesses should make sure that they are not complicit in human rights abuses.
Ferrovial's actions in this sphere: See Code of Business Ethics and chapter on protection of human rights
3. Businesses should uphold the freedom of association and the effective recognition of the right to collective bargaining.
4. Businesses should uphold the elimination of all forms of forced and compulsory labour.
5. Businesses should uphold the effective abolition of child labour.
6. Businesses should uphold the elimination of discrimination in respect of employment and occupation.
Ferrovial's actions in this sphere: See Code of Business Ethics and chapter on Hiring and Motivating the Best Human Capital.
7. Businesses should support a precautionary approach to environmental challenges.
8. Businesses should undertake initiatives to promote greater environmental responsibility.
9. Businesses should encourage the development and diffusion of environmentally friendly technologies.
Ferrovial's actions in this sphere: See chapter on Respect for the Environment.
10. Businesses should work against all forms of corruption, including extortion and bribery.

Ferrovial's actions in this sphere: See Code of Business Ethics.

 

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