Ferrovial is the first Spanish company, and the first infrastructure company in the world, to have its emission reduction goals validated by the Science Based Targets(SBT) initiative.
Ferrovial has committed to reduce scope 1 and 2 absolute emissions (those produced by its own activities) 32% by 2030 from a 2009 base-year, this is equivalent to reducing emissions by 42.9% per million euro of turnover. The company also commits to reduce scope 3 emissions (excluding capital goods and purchased goods and services) 20% by 2030 from a 2012 base-year.
The Science Based Targets (SBT) initiative is a joint initiative of CDP, World Resources Institute (WRI), World Wide Fund for Nature(WWF) and the United Nations Global Compactwhose goal is to increase ambition in corporate target setting to help companies future-proof growth during the transition to the low-carbon economy. The initiative defines and promotes best practice in science-based target setting, offers resources and guidance to reduce barriers to adoption, and independently assesses and approves companies’ targets. For a target to be approved, it needs to aligned with the ambition of the Paris Agreement which aims to achieve the level of decarbonization required to keep global temperature increase below 2 degrees Celsius compared to pre-industrial levels.