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3.3. ESG strategy, 3.3.3. Commitments and goals in the governance area, Our commitments

3.3.3. Commitments and goals in the governance area

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April 29, 2024

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We manage responsibly because we always put our values first.

 


We are an ethical company

 


We conduct a number of activities to strengthen the ethical culture among both employees and business partners. In order to exercise the utmost diligence in adhering to sustainability standards, we are taking a number of measures, including implementing a Code of Conduct for business partners, as well as conducting awareness-building training on preventing and addressing conflicts of interest.

Our strategic goals:

Regular information campaigns in the area of ethics and conflict of interest management

2023      Revision and expansion of issues of the Code of Conduct

2023      Development of a manual for dealing with situations where conflicts of interest occur or may occur

2024      Development of the Code of conduct for business partners


Anti-corruption

 


We do not condone any form of corruption in the actions of our employees in internal and external relations. We regularly conduct training among our employees to keep their knowledge and sensitivity in this area at a high level.


Our strategic goals:


Conduct of periodic training sessions among employees on anti-corruption issues

 


 
We consciously manage risk

 


ESG issues and risks are not a separate area for us, unrelated to the Group’s business strategy. We want to manage business and ESG risks in an integrated manner, so as to promote sustainable development and ensure stable and long-term growth of the Group’s value.


Our strategic goals:

2023      Integrate ESG risks into the risk management system


We care about cybersecurity

 


Ensuring the highest standards of cybersecurity is a priority for us, so we will improve the protection of IT systems and enhance the security of sensitive data through monitoring and increased oversight of data processing. At the same time, we train our employees in this area and raise awareness of the risks, as well as the ability to respond appropriately to their occurrence.


Our strategic goals:

Continuous improvement of protection mechanisms against cyber risks for Budimex Group’s information systems.


You can find our sustainability strategy at: https://esg.budimex.pl/.

Information on the implementation of the company’s strategic goals can be found in the individual sections of this report.

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3.3. ESG strategy, 3.3.2. Commitments and goals in the social area, Our commitments

3.3.2. Commitments and goals in the social area

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April 29, 2024

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We empower employees and business partners because we know that only dialogue is a guarantee of sustainable growth.

 


We are a company that integrates generations

 


Our strength lies in building diversity. We value both experience and innovation, which is why we form close-knit, strong and multi-generational teams. We believe in equal access to work. We are breaking stereotypes, especially in the perception of the role of women in construction. For years, we have been increasing their share of the workforce, including in managerial positions. We enable them to develop in tailored leadership programs. At the same time, we take care to level the playing field in the area of wages – we have established a dedicated fund for this purpose. Continuously building team competence and strong leadership is one of the pillars of Budimex Group’s activities. By developing key business areas, we support our employees and motivate them to succeed.

Our strategic goals:

2026      Strive to maintain a voluntary turnover rate of no more than 8.5%

2026      Aim for a GPGR (gender pay gap ratio) [1] of less than 9%

2026      GCR (glass ceiling ratio) – Aim to increase the percentage of women in middle and senior management at 22% (up from 19% in 2022).


We guarantee safe and decent work

 


Every day we do everything to ensure the safety of our employees and the participants of the projects we implement and their beneficiaries. Our strategy in this area is based on two pillars: “Always Safe, Always Ready”. Its foundations are accountability, dialogue within teams, and the constant search for and implementation of new solutions to support the creation of a safe workplace. This idea guides not only us. We also promote it to our stakeholders and the business community – subcontractors and business partners, as part of our annual Safety Week.

Our strategic goals:

Each year, top management will make regular safety visits to contract performance sites combined with meetings with company employees and business partners

annually               Conduct of training and programs to promote a safety culture with 100% of employees

annually               Organization of Safety Week in the Budimex Group for at least 90% of contracts


We are a good neighbor and we strengthen our relations

 


We are aware that through our projects we significantly affect the daily life of local communities. Our goal is to improve people’s quality of life, but we are not indifferent to their needs – here and now. We are open to dialogue. We regularly meet with local stakeholders, listen to their expectations and make every effort to maintain good neighborly relations. We support local initiatives, facilitate communication around ongoing projects and join in charitable activities, building valuable relationships for years to come. Promoting areas that are important to the Budimex Group – development and education – we establish contacts with universities and technical schools in the regions, offering programs that prepare people for work in the construction industry. By sharing our experience, we believe we are enabling younger generations to have a better start in the future.

Our strategic goals:

Conduct educational programs in schools and technical colleges for 5,000 students each year.

2023      No less than 50 outreach activities on all ongoing contracts

[1] Gender pay gap ratio, calculated in accordance with the methodology adopted for all Ferrovial companies.

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3.3. ESG strategy, 3.3.1. Commitments and goals in the environmental area, Our commitments

3.3.1. Commitments and goals in the environmental area

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April 29, 2024

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We build with respect for the environment because we believe that our responsible decisions can positively shape industry standards.

We prevent climate change


We are taking a series of measures to bring us to climate neutrality. This means, on the one hand, the need to invest in renewable sources to ensure access to clean energy, and on the other hand, it obliges us to undertake numerous projects to reduce CO2 emissions from the design stage of the project to its implementation. Accordingly, we plan to optimize our design processes to include an analysis of the reduction potentials of a given construction site, and we intend to gradually increase the share of low-emission transportation and heavy machinery in the construction process.

Our strategic goals:

2023 Aiming to source 100% of electricity from RES from the market

2026 100% of the energy produced by Budimex Group companies for Budimex comes from RES

2030 Aiming to reduce CO2 emissions from Scopes 1 and 2 by 20% (compared to 2020) [1]

2050 Achieving climate neutrality

Closing the circulation of raw materials


We will start closing the raw material circulation by analyzing the potentials of implementing the circular model throughout the value chain so as to develop and implement a circularity policy in the next step. The resulting performance standards will apply both within the Group and in cooperation with business partners. We want to use raw materials from certified sources and those that have a lower carbon footprint. We intend to consistently increase the percentage of waste recovered, including recycling, and use raw materials that are already recycled.

Our strategic goals:

2024 Recycle and recover 70% of soil and land waste

2024 Recover at least 70% of non-hazardous waste

2025 Develop a circularity policy

2026 Perform circularity analyses for each new project



We protect resources



At the same time, we want to increase our commitment in the field of natural resource conservation. In order to do this in an informed and responsible manner, it is essential to conduct impact analyses on water resource use and biodiversity. We aim to develop comprehensive plans to reduce our footprint in these two dimensions. We declare that we will undertake this challenging task with full commitment.

Our strategic goals:

2025 Conduct an assessment of the exposure of the company’s operations to water stress

2025 Conduct an analysis of the company’s dependence on biodiversity and the company’s impact on biodiversity

2025 Calculate the Corporate Biodiversity Footprint (CBF)[2] 

2026 Strive for a Biodiversity Net Positive[3]






[1] The target includes a 33% reduction in emissions from the vehicle fleet and a shift to using only renewable electricity.

[2] An index that measures the scale of a company’s impact on biodiversity, developed by Iceberg Data Lab. For more information: https://www.icebergdatalab.com/solutions/biodiversity/.

[3] Id. to achieve a net positive impact on biodiversity, i.e., a state in which the company’s unavoidable negative impacts on biodiversity become less than its contribution to ecosystem restoration.

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3.3. ESG strategy, Our commitments

3.3. ESG Strategy

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April 29, 2024

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[ESRS SBM-1]

Responsibility, honesty or sensitivity to others are values that Budimex Group has been following for years. The creation of the Budimex Group CSR Strategy for 2021-2023 was aimed solely at organizing and accelerating activities in this regard and did not require a change in the company’s identity or organizational culture. In order to strengthen its potential and respond even better to the challenges of the future and become an even more reliable partner in business, the organization’s past experience in the sustainability area has been transformed into the ESG Strategy for 2023-2026 with an outlook until 2050. The document announced on 30 June 2023, whose title and, at the same time, guiding principle is We change the world for you! And We Change Ourselves, systematizes the approach and plans of the Budimex Group with regard to the environment (E), social responsibility (S) and governance (G). In each of these areas, strategic goals have been set that respond to key challenges for the construction sector and are consistent with global UN Sustainable Development Goals. They are intended to set the pace for the organization’s activities and make it easier to measure progress. Fulfilling them will support the company’s sustainable development, including allowing it to achieve climate neutrality in the long term and lead positive change in the construction industry as a whole.

The implementation of the commitments set forth in the strategy is the responsibility of the team leaders who had a hand in drafting the document: the Director of the ESG, Quality and Environmental Protection Department (strategy oversight), the ESG Manager (environmental area), the Director of the Human Resources Management Division (social area) and the Legal Director of Corporate Areas (corporate governance).

[1] Until February 2024 under the name of Procurement, Quality and Environmental Protection Department.

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3.2. Budimex Group’s contribution to Agenda 2030, Our commitments

3.2. Budimex Group’s contribution to Agenda 2030

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April 29, 2024

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The Sustainable Development Goals (SDGs) are an important determinant of the Budimex Group’s activities. They are enshrined in the United Nations resolution “Transforming Our World. The 2030 Agenda for Sustainable Development” with its 169 assigned tasks. The document, as highlighted in its preamble, is a roadmap to 2030 for people, planet and prosperity, and its implementation will ensure a balance between the three aspects of sustainable development: economic, social and environmental.

In 2022, Budimex SA joined the Partnership for the Implementation of the Sustainable Development Goals coordinated by the Ministry of Development and Technology. On 30 June 2023, the Budimex Group announced its ESG Strategy for 2023-2026. This is the first document of its kind to define precisely the company’s commitments in the environmental (E), social (S) and governance (G) areas.

The company’s strategic activities allow it to contribute to the following Sustainable Development Goals:


Goal 3: Ensure healthy lives and promote well-being for all at all ages
Ensuring proper working conditions and raising awareness of physical and mental health is a prerequisite for employees’ wellbeing and high levels of motivation. That is why employees of the Budimex Group can benefit from, among other things, a private medical benefits package, health webinars, and a range of activities and training to raise their awareness in the area of occupational safety.




Goal 4: Ensure inclusive and equitable quality education and promote lifelong learning opportunities for all
Operating in the rapidly changing construction industry, which is important for sustainable development, motivates the Budimex Group to continuously improve and expand its knowledge. Among other things, the company offers employees a wide catalog of professional and development courses and training. Through cooperation with technical schools and universities, it is increasing the number of people with high professional competence.




Goal 5: Achieve gender equality and empower all women and girlsThe Budimex Group attaches great importance to ensuring equal opportunities and non-discriminatory working and pay conditions. The company is successively striving to eliminate the gender pay gap and is supporting the women it employs to improve their competencies and take on managerial positions.







Goal 7: Ensure access to affordable, reliable, sustainable and modern energy
In line with business diversification, the Budimex Group is increasing its involvement in green energy and sustainable transportation projects. Group companies are investing in renewable energy sources, as well as developing a national electric vehicle charging infrastructure. Our goal is that by 2026, 100% of the electricity consumed by Budimex is generated from renewable sources by Budimex Group companies.




Goal 8: Promote sustained, inclusive and sustainable economic growth, full and productive employment and decent work for all
The company’s priority is to create a safe and stable workplace for years to come. To this end, the Budimex Group continuously develops and implements policies and procedures in the areas of respect for diversity, anti-discrimination and anti-mobbing, and compliance, among others. In addition, the company promotes construction jobs to high school and college students. 




Goal 9: Build resilient infrastructure, promote sustainable industrialization and foster innovation
In view of its business profile, the Budimex Group is making a fundamental contribution to the development of reliable, sustainable and resilient infrastructure in Poland in support of sustainable social and economic development. This is possible, among other things, through innovation. The company has a specialized cell dedicated to this area.





Goal 12: Ensure sustainable consumption and production patterns
The Budimex Group supports the transformation of the construction industry to a circular economy being aware of the negative environmental effects caused by the construction sector’s increasing demand for natural resources.






Goal 13: Take urgent action to combat climate change and its impacts
In order to minimize its climate impact, the Budimex Group, among other things, is reducing the energy and material intensity of its operations and increasing the share of energy obtained from zero-carbon sources in the mix of purchased energy. To more effectively reduce its carbon footprint, the company has expanded its identification of greenhouse gas emissions to include Scope 3. An important contribution of the company to climate change adaptation is the search for design solutions that can withstand extreme weather events.



Goal 15: Sustainably manage forests, combat desertification, halt and reverse land degradation, halt biodiversity loss
The Budimex Group undertakes numerous measures to protect ecosystems in the vicinity of its projects. They concern, among other things, reducing construction noise and protecting biodiversity.





The Budimex Group makes a particularly significant contribution, in connection with its business model, to goals 7, 8 and 9.

As it continues to expand the scope of its activities in the sustainability area, the Budimex Group is also increasingly contributing to the achievement of two further goals adopted by the international community:


Goal 6: Ensure access to water and sanitation for all through sustainable management of water
The Budimex Group will be one of the first companies in Poland to measure its water footprint, i.e. its impact on water resources, in order to develop a comprehensive plan based on scientific knowledge for further activities to reduce the intake and consumption of this valuable resource.






Goal 11: Make cities inclusive, safe, resilient and sustainable
The construction of modern roads, bridges, railroads and stations is the subject of a large proportion of the Budimex Group’s contracts, which is crucial for expanding access to safe and sustainable transportation systems, including public transportation. In addition, the company is developing the infrastructure of local government transportation companies, including responding to the challenges of a sustainable future (electric vehicle charging stations).

 

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3.1. Values of the Budimex Group, Our commitments

3.1. Values of the Budimex Group

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April 29, 2024

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[ESRS G1-1]

The Budimex Group’s mission is to execute construction projects in a manner worthy of a market leader, with respect for the environment and ethics, with attention to customer satisfaction and user comfort. The company achieves all this through professionalism derived from experience and a passion for building, high operational efficiency, and partnerships with suppliers and subcontractors.

The Budimex Group is fully aware of the scale of measures to be taken in the area of climate change mitigation and resource conservation. Equally important are investments in human capital and the local communities surrounding the Group’s projects. The organization wants to continuously develop. Its enduring commitments are special diligence in ethical conduct, attention to occupational health and safety, mitigation of environmental impact, and ensuring customer satisfaction and the highest quality of services delivered. This holistic approach is reflected in the ESG Strategy 2023-2026, described in more detail in Section 3.3., which touches on three areas: environmental, social and governance. It represents a commitment to building with respect for the environment, strengthening employees and business partners, and responsible management.

Figure: Values of the Budimex Group




Code of Conduct

In order to create a stable benchmark for the proper conduct of its employees, the Budimex Group has developed and adopted a Code of Conduct. This internal document describes the Group’s four aforementioned values, identifies areas of special adherence to ethical values, and sets out guidelines for conduct in the listed types of relationships and areas of influence of the organization. Its provisions are guarded by the Ethics Committee, which includes the Legal Director of the Compliance area, the Director of the Human Resources Human Resources Management Division and the Director of the Internal Control Department. The Committee investigates violations of the Code and provides guidance on compliance with the principles contained therein, while maintaining the necessary standards of confidentiality. Any violations of the document can be reported through the mechanisms described in subsection 6.1.2. In the FBSerwis Group and Mostostal Kraków SA, oversight of compliance with the Code of Conduct is the responsibility of compliance officers.

Competency model

Budimex SA is constantly striving to develop and achieve the best possible results. The organization is focused on achieving new, increasingly ambitious and complex goals. The dynamic business environment and stakeholder expectations are forcing fast, effective actions oriented toward further successes. In order to function efficiently in such realities, the company has developed a set of attitudes, behaviors and skills called a competency model. According to it, each position was described through four key competencies: inspiring trust, collaboration, results orientation and nurturing innovation, as well as through job competencies specific to each pay grade. Each competency is described by specific behaviors, making them easier to see in daily practice, which in turn allows the company to consciously work on improving them.

Figure: Competency model



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