FERROVIAL | Advisory Vote on Climate Strategy Report

Status
93.18% votes in favour
AGM date
Proposal number
3
Resolution details
Company ticker
FER
Submitted by
Degroof Petercam Asset Management (DPAM)
Resolution ask
Strengthen board oversight of issue
ESG theme
  • Environment
ESG sub-theme
  • GHG targets / emissions
Type of vote
Other management proposal or proxy item
Filer type
Management
Company sector
Industrials
Company HQ country
Spain
Resolved clause
BOARD'S PERSPECTIVE:
The Company's Climate Strategy Report contains both the evolution of GHG emissions (carbon footprint) with respect to the levels of such emissions foreseen in the Company's Emission Reduction Plan, approved in the 2021 general meeting, which includes the targets for reducing GHG emissions for the years 2024 and 2030, and the actions to be undertaken to achieve the targets established in the Emissions Reduction Plan (2030 and 2050 horizons).

The Climate Strategy Report is consistent with the recommendations of the TCFD and is in accordance with international standards (ISO 14064). Additionally, the report has been reviewed by an independent body in accordance with specific internationally approved auditing standards (ISAE 3410).

In recognition of the past practices of the Company, the board has in its discretion decided to submit this item to the Company’s general meeting as a non-binding advisory vote. Although shareholders are invited to cast their vote to indicate their support for the Climate Strategy Report, the vote will not carry any legal consequences.
Supporting statement
DPAM PERSPECTIVE:
We are happy to know that Ferrovial’s climate strategy report contains both the evolution of GHG emissions (carbon footprint) with respect to the levels of such emissions foreseen in the Company's Emission Reduction Plan, approved in the 2021 general meeting, which includes the targets for reducing GHG emissions for the years 2024 and 2030, and the actions to be undertaken to achieve the targets established in the Emissions Reduction Plan (2030 and 2050 horizons). The Climate Strategy Report is consistent with the recommendations of the TCFD and is in accordance with international standards (ISO 14064). Additionally, the report has been reviewed by an independent body in accordance with specific internationally approved auditing standards (ISAE 3410).
However, the company does not disclose the formal role of the board with regards the climate report and over the governance rules in place with regard the results of the shareholder vote.

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