- The company was named a finalist for its methodology for calculating the water footprint. The awards are given by the European Commission, and the presentation is held in Spain by the Ministry for the Ecological Transition’s Biodiversity Foundation
- This recognition highlights companies that successfully combine the economic viability of their businesses with environmental protection
Ferrovial has been chosen as a finalist in the European Commission’s European Business Awards for the Environment. The awards are held in Spain by Fundación Biodiversidad, which is a part of the Ministry for the Ecological Transition and the Demographic Challenge. This distinction recognizes companies with strategic, innovative environmental management systems.
The company is a finalist in the ‘Management’ category for its Water Footprint Calculation Methodology. This system was implemented in 2015 to analyze the risks and opportunities associated with water. The goal is to reduce the BWI index (Business Water Index) 20% by 2030 and offset the annual water footprint. Ferrovial realizes that water plays a major role as a limited natural resource. This is why we aim to promote efficient, sustainable use of this resource.
The methodology was developed specifically for the company, and it is based on the principles of The Water Footprint Assessment Manual (WFM), the Global Water Tool (GWT), and GRI-G4. These account for factors such as a country’s water stress, the impact on vegetation, and water’s accessibility to analyze the global impact on the resource.
The company was named a finalist in this category, along with three other major companies: El Corte Inglés S.A., Naturgy, and Tecnoresiduos R3.
European Business Awards for the Environment 19/20
The awards ceremony was attended by His Majesty King Felipe VI and Teresa Ribera, the fourth vice-president of the Government of Spain and minister of the Ecological Transition and the Demographic Challenge. They were in charge of presenting the awards.
You can watch the full video of the awards ceremony on the Biodiversity Foundation‘s YouTube channel.