Task Force on Climate Related Disclosures

The contents of this Integrated Annual Report are aligned with the recommendations of the TCFD. The contents suggested by the initiative can be consulted in this index:

CONTENTS		LOCATION
Governance	Describe the board’s overview of climate-related risks and opportunities.	Climate Strategy section (page 92-93). Corporate Governance section (page 120-123).
Governance	Describe the role of management in assessing and managing climate-related risks and opportunities.	Chapter on Risks (page 110-114) Climate Strategy section (page 92-93).
Strategy	Describe the climate-related risks and opportunities identified by the organization in the short, medium and long term.	Strategy Chapter (page 30-31). Section on risks and opportunities related to climate change (page 92-93). Risks Chapter (pg 110-114).
	Describe the impact of climate-related risks and opportunities on the organization’s business, strategy and financial planning.	Climate Strategy section (page 92-93) and in each of the sections related to each of Ferrovial’s divisions (pages 32-43).
	Describe the resilience of the organization’s strategy, taking into account different future climate scenarios including a scenario of 2 °C or less.	Section on risks and opportunities related to climate change (page 92-93).
Risks	Describe the organization’s processes for identifying and assessing climate-related risks.	Risks chapter (page 110-114). Section on risks and opportunities related to climate change (page 92-93).
	Describe the organization’s processes for managing climate-related risks.	Chapter on Risks (page 110-114). Section on risks and opportunities related to climate change (pg 92-93).
	Describe how the processes for identifying, assessing and managing climate-related risks are integrated with the organization’s overall risk management.	Risks Chapter (pg 110-114). Section on risks and opportunities related to climate change (pg 92-93).
Metrics	Describe the metrics the organization uses to assess climate-related risks and opportunities and the risk management process.	Risks Chapter (pg 110-114). Risks and opportunities related to climate change (page 92-93).
	Break down GHG emissions, Scope 1, Scope 2 and, if appropriate, Scope 3, and associated risks.	Environment chapter (page 92-94). Appendix to GRI Standards indicators (page 169).
	Describe the organization’s objectives for managing climate-related risks and opportunities and performance against those objectives.	Environment Chapter (page 92-94).