4.3. Summary of achievement of environmental area (E) goals in 2023, Environmental responsibility
4.3. Summary of achievement of environmental area (E) goals in 2023
The responsibility for reducing the actual and potential impact of the Budimex Group’s activities on the environment is manifested by the measures taken to protect nature and natural resources. The activities carried out are driven by the Group’s values and the goals enshrined in its ESG strategy, as well as the UN Global Sustainable Development Goals for energy (Objective 7), responsible production and consumption (Objective 12), climate protection (Objective 13) and ecosystem protection (Objective 15).
Aiming to reduce greenhouse gas emissions, in 2023, Budimex Group was making efforts to increase its commitment to green electricity generation. Last April, Budimex SA and Ferrovial EG SE established a new joint venture. BXF Energia to acquire photovoltaic projects and wind farms with a total capacity of about 305 MW (as of the end of 2023). BXF Energia is continuing the Magnolia and Kamelia projects acquired by Budimex SA and is also analyzing projects with a total capacity of approx. 800 MW. By 2028, the company intends to build a portfolio of wind and photovoltaic projects under construction and in operation with a total capacity of approx. 500 MW. The Group’s goal under its ESG strategy is to use energy from renewable sources. In 2023, 100% of the energy procured from external suppliers came from such sources, marking the achievement of the strategic goal. Budimex SA oversees the implementation of energy-related goals as part of the Energy Management Committee operating within its structures.
Budimex SA, being an environmentally responsible company, last year intensified its activities related to the reuse of recovered construction waste. Thus, the criterion for a circular economy defined in the EU Taxonomy has been met, and one of the ESG strategic goals, originally planned for 2024, has been achieved.
Understanding the power of business influence and the needs of employees for eco-engagement, the company sought to raise awareness of its own staff and the teams of its business partners on environmental issues. One such initiative, which took place in 2023, was a grant program that allows employees to obtain funding for grassroots projects in the sphere of environmental education or combating climate change. Two educational campaigns were held: “Green April” – a campaign aimed at encouraging people employed by the company to take environmentally friendly actions, and “Autumn under the sign of ESG” – a series of activities, including training, aimed at introducing employees to sustainability issues.
In summary, all of the goals in the environmental area of the ESG strategy set for 2023 have been met.
