Ferrovial
Carbon footprint
Primary Climate Goal
Ferrovial aims to achieve net zero for Scope 1 + 2 by 2050
Secondary Climate Goal
Ferrovial aims to reduce Scope 3 by 20% by 2030 from a base year 2012
This target is most likely outdated and the company appears to have already achieved it
GHG emissions and Carbon intensity
Ferrovial reported Total CO2e Emissions - Market-Based Scope 1 + Scope 2 for the twelve months ending 31 December 2021 at 798 Kt (-45 /-5.3% y-o-y). Also positively, carbon intensity was down at 99 t (-11 /-10% y-o-y).
Ferrovial's Scope 3 emissions was down at 2,850 Kt (
The company is committed to achieving net zero for Scope 1 + 2 by 2050, which translates into the estimated reduction of -28 Kt per annum over the period of FY2022 - FY2050. This target, however, has not been recognised as science-based (and as aligned with Paris Agreement) by the SBTi.
Also, the company commits to reducing Scope 3 by 20% by 2030 from a base year 2012, which it appears to have already achieved as of 2021. This science-based target is aligned with Paris Agreement to limit global warming to 2°C above pre-industrial levels.