European Union Taxonomy: maximum eligibility
The Taxonomy of the European Union (EU) is an essential component of the EU’s policy aimed at decarbonizing the economy. It is a system for classifying businesses and company activities to determine whether they meet the EU’s environmental, social and governance criteria. This year it is mandatory to report on the eligibility of businesses and the environment component is the first step. Ferrovial reports that 89.3% and 84.8% of its businesses are eligible for the European taxonomy according to INCN and CAPEX, respectively.
Eligibility of Ferrovial's activities
The three components
ENVIRONMENT
Mitigation and adaptation to climate change
Water, circular economy, pollution and biodiversity
SOCIAL
Diversity, health and safety, labor rights and human rights
Social impact and development
GOVERNANCE
Diversity in the Board and governance structure
Remunerations
Stages of green taxonomy
Eligibility
- Company’s CNAE
- Contribution of CAPEX, OPEX and INCN
Mitigation Adaptation
Evidence of compliance with environmental criteria
DNSH
Assessment of non-significant damage
Social Safeguards
Verification of compliance with social safeguards
