Since 2009, we have measured 100% of greenhouse gas emissions from our activities around the world in order to reduce our carbon footprint.
Among the objectives lies our commitment to achieve a 35.30% reduction of scopes 1 and 2 by 2030. Using 2009 as the year of reference, this is equivalent to reducing emissions by 42.9% for every million euros of turnover. Likewise, we are committed to reducing emissions from scope 3 by 20% until 2030, using 2012 as a year of reference.
In 2022, scope 1 and 2 emissions went down by 73.57% in terms of intensity compared to the base year. In absolute terms, emissions have decreased by 25.35% since the base year, a reflection of our commitment to the roadmap set forth for meeting the goals.
Since 2009, and thanks to internal planning, we have reduced our scope 1 and 2 emissions by 140,739 tCO2e.
Emissions Avoided & Compensated
We have set the goal of achieving climate neutrality by 2050 by lowering emissions and voluntarily offsetting emissions that cannot be reduced. The latter is done by neutralization in reforestation and mitigation projects outside the value chain.
The Deep Decarbonization Path outlines the roadmap to achieving the emission reduction target by 2030, in accordance with the SBTi initiative, and achieving neutrality by the middle of the century, excluding the service area. The Ministry for the Ecological Transition and the Demographic Challenge has awarded Ferrovial the highest recognition for its work to “Calculate,” “Reduce,” and “Compensate”.
This was thanks to the Compensa project, a nature-based solution focused on forest restoration in burned zones or agricultural areas to absorb emissions. This initiative, which is carried out in Torremocha de Jarama, Madrid, aims to restore vegetation in an agricultural area devoid of trees, turning it into a CO2 absorption forest. This project has helped repopulate 7.7 hectares in three years (4.8 in 2019, 1.8 in 2020, and 1.1 in 2021). A total of 4,000 trees will be planted, and over the next 50 years, they will absorb some 2,000 tons of CO2.
In addition to supporting the fight against climate change and being a key initiative in environmental matters, the project also has a social impact: it has created 10 local jobs each year, prioritizing individuals who are in a disadvantaged situation or belong to groups that are at risk of exclusion. They all receive training and are responsible for replanting their own forest, further adding social value to their work.
In addition, the Electricity Generation project, which is based on Wind Energy in Gujarat (India), will make it possible for up to 10% of emissions released (not considering service activity) to be compensated for progressively over the next four years.
Find Out More About Our Carboon Footprint Impact
There is a growing demand to reduce transport emissions. In the US, we operate the North Tarrant Express (NTE); the first carbon-neutral highway achieved thanks to our dynamic management of traffic. This alternative eases traffic congestion on previously existing roads. The study carried out by an independent consultant compares two scenarios: the past situation (previously existing road) and the present situation (existing road plus NTE). They concluded that, overall, the new scenario generates fewer emissions.
Also, Heathrow Airport, one of the many airports that we manage, is committed to being a Zero Carbon Airport by 2050.
Learn More About Greenhouse Gas Emissions
Download Climate Strategy
Ferrovial Climate Strategy 2022 (PDF 9 MB)
Ferrovial Climate Strategy 2021 (PDF 3 MB)
Ferrovial Climate Strategy 2020 (PDF 7 MB)
Ferrovial Climate Strategy 2019 (PDF 7 MB)
Ferrovial Climate Strategy 2018 (PDF 8 MB)
Ferrovial Climate Strategy 2017 (PDF 16 MB)
Carbon footprint 2016 (PDF 6 MB)
Carbon footprint 2015 (PDF 9 MB)
Carbon footprint 2014 (PDF 9 MB)
Carbon footprint 2013 (PDF 4 MB)
Carbon footprint 2012 (PDF 4 MB)
Carbon footprint 2011 (PDF 5 MB)
CDP Climate Change 2021 (PDF 775 KB)
CDP Climate Change 2022 (PDF 781 KB)