- MANAGEMENT REPORT
- AN INTEGRATED VISION
Shaping the future through the development and operation of sustainable infrastructures and cities.
Committing to the highest level of operational excellence and innovation.
Creating value for society and for our customers, investors and employees.
Ferrovial’s business model is focused on the entire infrastructure lifecycle: Design, Finance, Construction, Operation and Maintenance.
Through its four business divisions, Ferrovial develops its business model with the aim of being a benchmark in the infrastructure and services sectors, contributing to improve the future of society through its ongoing commitment to talent, integrity, safety, excellence and innovation.
The purpose of this Annual Report is to describe how in 2014 Ferrovial has worked towards creating value, which is not limited to financial return, but goes beyond, having an impact on society, the environment, our customers and our employees. This report will attempt to offer a complete picture that goes beyond economic activity and presents the multiple ways in which the company creates value for its various stakeholders in the short, medium and long term.
To capture this reality, Ferrovial has used as a reference the framework recommended by the International Integrated Reporting Council (IIRC) for preparing integrated reports. Specifically, it seeks to present how Ferrovial manages the different factors, or “capitals” (financial, human, industrial, natural, intellectual and social) involved in its business model and what results it offers to each one in this value creation process.
To fulfill this aim, in addition to the Group’s activity, this report also presents its key data, strategy, corporate governance and risk management, with a detailed description of both the development and the process of value creation in terms of “financial capital”, and the other forms of “non-financial capitals” (human, industrial, natural, intellectual and social).
As regards the information on “non-financial capitals”, and for this report to become a single annual report of the company, it is presented as a management report in accordance with all the requirements set out by Global Reporting Initiative (GRI 4) for sustainability reports.
Lastly, necessary information is also presented to cover all the requirements under Spanish legislation in relation to Management Report.
In short, through this integrated vision, Ferrovial seeks to present a single report that describes the process of creating value for its various stakeholders and fulfills all the reporting requirements on its annual activity in the different areas in which the company operates.
Shaping the future through the development and operation of sustainable infraestructures and cities. Committing to the highest level of operational excellence and innovation. Creating value for society and for our customers, investors and employees.
|Shareholder return (M€)||510||477||17|
|Operating cash flow after taxes (M€)1||1,076||1,048||914|
|Total gross dividend received (M€)1||615||489||387|
|R+D investment (M€)||42.6||32.9||32.6|
|Investment in training per employee||258||195||285|
|Backlog by businees (M€)|
|-Services backlog (+JV)||22,369||18,624||13,288|
|Gross investments (M€)1||581||754||320|
Environmental magagement and natural capital
|Environmental magagement and natural capital||2014||2013||2012|
|Direct and indirect emissions of |
greenhouse gases (T CO2 equ) ( Scope1+Scope2)
|Water consumption (m3)||1,751,878||1,933,592||1,450,810|
|Average workforce (employees)||67,968||61,587||55,962|
|Staff costs (M€)||2,575||2,351||2,102|
|Workforce variation (%)||10.3||10||-6.7|
|Turnover rate (%)||3.6||2.9||2.7|
|Frequency rate (%)||23.4||21.1||25.7|
Social and relationship capital
|Social and relationship capital||2014||2013||2012|
|Economic contribution to the community (M€)*||6,9||3,7||4,4|
* Includes voluntary and compulsory contributions according to LBG methology (London Benchmarking Group).
(1) Excluded infrastructure projects