GHG Emissions (Scope 3)

Since 2012, Ferrovial has calculated Scope 3 emissions following the guidelines established in the Corporate Value Chain (Scope 3) Accounting and Reporting Standard published by the Greenhouse Gas Protocol Initiative (WRI/WBCSD).

Scope 3 emissions are calculated for the most relevant categories across the value chain, in accordance with the applicability and materiality of each category. Ferrovial calculates 9 out of the 15 categories defined in the GHG Protocol Scope 3 Standard. Categories that do not apply include downstream transportation and distribution, processing of sold products, downstream leased assets, franchises, use of sold products and upstream leased assets.

Following the recommendations of the GHG Protocol Scope 3 guidelines, certain customer-related emissions associated with concessions are no longer included in the Scope 3 inventory, while continuing to be monitored and reported as relevant.

A significant share of Scope 3 emissions is calculated using primary data, improving the accuracy and robustness of the inventory.

The calculation methodology is based on the GHG Protocol (WRI/WBCSD) and is aligned with ISO 14064-1:2018. In addition, specific methodologies are applied to address particular aspects of the business, including DEFRA conversion factors for relevant Scope 3 categories.

Relevant Scope 3 emissions data are subject to independent external verification in accordance with ISAE 3410.

The management of Scope 3 emissions is aligned with the Company’s decarbonization strategy, focusing on reducing embedded carbon across the value chain, particularly in procurement and construction activities.

The activities, products and services for which Scope 3 has been calculated are detailed below:

• Purchased goods and services: Include emissions associated with the life cycle of materials purchased by Ferrovial that have been used in products or services that the company offers.
• Capital goods: Includes all upstream emissions, production equipment, goods purchased or acquired by the company in the year.
• Fuel and energy-related activities: In this section, we consider the energy needed to produce the fuel and electricity that the company uses and the loss of electricity in transport.
• Upstream transportation and distribution: Includes emissions from transport and distribution of the main products purchased during the year.
• Waste generated in operations: Emissions in this section are related to the waste generated by the activity of the company.
• Business travel: Emissions associated with business travel: trains, planes and taxis.
• Employee commuting: Includes emissions from employee travel from their homes to their jobs.
• Investments: Emissions related to investments in other companies.
• Use of sold products: Ferrovial calculates emissions from the use of transport infrastructure.
• End-of-life treatment of sold products: This category includes emissions from the disposal of waste generated at the end of the useful life of the products sold by Ferrovial in the reporting year.
• Upstream leased assets: Includes emissions related to the electricity consumption of those customers’ buildings where maintenance and cleaning services are carried out and consumption is managed.