Case study: How Ferrovial creates economic value for its stakeholders
Ferrovial is a Spanish multinational company operating in the infrastructure sector for transportation and mobility. For Ferrovial, sustainability is a commitment and an opportunity to create sustainable value for all its stakeholders Tweet This!, committed to protecting the environment and to improving lives and communities, while executing best governance practices.
This case study is based on the 2022 Integrated Annual Report by Ferrovial, prepared in accordance with the GRI Standards, that can be found at this link. Through all case studies we aim to demonstrate what CSR/ ESG/ sustainability reporting done responsibly means. Essentially, it means: a) identifying a company’s most important impacts on the environment, economy and society, and b) measuring, managing and changing.
Abstract
Developing and operating sustainable, innovative and efficient infrastructures, creating long-term value for its stakeholders, is a top priority for Ferrovial. In order to create economic value for its stakeholders Ferrovial took action to:
- create economic value for employees
- create economic value for shareholders
- create economic value for the state
- create economic value for communities
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With this case study you will see:
- Which are the most important impacts (material issues) Ferrovial has identified;
- How Ferrovial proceeded with stakeholder engagement, and
- What actions were taken by Ferrovial to create economic value for its stakeholders
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What are the material issues the company has identified?
In its 2022 Integrated Annual Report Ferrovial identified a range of material issues, such as climate change risks and GHG emissions reduction, ethical behaviour, compliance and integrity, health, safety and wellbeing of employees and contractors, rights and working conditions. Among these, creating economic value for its stakeholders stands out as a key material issue for Ferrovial.
Stakeholder engagement in accordance with the GRI Standards
The Global Reporting Initiative (GRI) defines the Principle of Stakeholder Inclusiveness when identifying material issues (or a company’s most important impacts) as follows:
Stakeholders must be consulted in the process of identifying a company’s most important impacts and their reasonable expectations and interests must be taken into account. This is an important cornerstone for CSR / sustainability reporting done responsibly.
Key stakeholder groups Ferrovial engages with:
Stakeholder Group |
Shareholders |
Employees |
Investors |
Customers |
Suppliers |
Administrations |
Governments |
The media |
Analysts |
The business sector |
Trade unions |
The third sector |
Society in general |
How stakeholder engagement was made to identify material issues
To identify and prioritise material topics Ferrovial engaged with its stakeholders through a survey.
What actions were taken by Ferrovial to create economic value for its stakeholders?
In its 2022 Integrated Annual Report Ferrovial reports that it took the following actions for creating economic value for its stakeholders:
- Creating economic value for employees
- In 2022, Ferrovial paid € 1,446 million in personnel expenses.
- Creating economic value for shareholders
- In 2022, Ferrovial paid € 132 million in dividends to shareholders.
- Creating economic value for the state
- In 2022, Ferrovial paid € 30 million in corporate income tax.
- Creating economic value for communities
- In 2022, Ferrovial spent € 4.8 million in community investments.
Which GRI Standards and corresponding Sustainable Development Goals (SDGs) have been addressed?
The GRI Standard addressed in this case is: Disclosure 201-1 Direct economic value generated and distributed
Disclosure 201-1 Direct economic value generated and distributed corresponds to:
- Sustainable Development Goal (SDG) 8: Decent Work and Economic Growth
- Targets: 8.1, 8.2
- Sustainable Development Goal (SDG) 9: Industry, Innovation and Infrastructure
- Targets: 9.1, 9.4, 9.5
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References:
This case study is based on published information by Ferrovial, located at the link below. For the sake of readability, we did not use brackets or ellipses. However, we made sure that the extra or missing words did not change the report’s meaning. If you would like to quote these written sources from the original please revert to the following link:
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