Integrated Sustainability report 2020

Integrated Sustainability report 2020

06

Ambition at
the highest level

Construction of Pumarejo bridge, Barranquilla, Colombia

Purpose
and Values

We seek to strengthen a culture based on ethics and commitment to sustainable development

VISION

Develop infrastructures that promote the well-being and sustainable development of the regions where we operate, creating value for all our stakeholders

MISION

Be a benchmark in infrastructure development

PURPOSE

Move society forwards to a sustainable future through the development and management of infrastructures that generate a positive social, economic and environmental impact

POSITIONING

We are a global group that is committed to meeting any challenge in order to transform our society; working with effort and passion to improve people’s infrastructure and services.

VALUES

Values guide us internally and with our external audiences to build our competitive position and define us in the marketplace

VALUES

VALUES INFOGRAPHIC

Governing
Bodies

Sacyr General Shareholders’ Meeting

GENERAL SHAREHOLDERS’ MEETING

The General Shareholders’ Meeting is the sovereign body in which all the duly convened shareholders of the Company meet and participate in order to decide on matters within their competence.

The General Shareholders’ Meeting is responsible for deciding on matters attributed to it by law or the Company’s bylaws, and in particular, and by way of example only, for approving the annual financial statements, the allocation of profits and the approval of corporate management, as well as the appointment and removal of directors, the amendment of the Company’s bylaws, and the approval of the directors’ compensation policy.

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MANAGEMENT BOARD
Except in matters reserved to the competence of the General Shareholders’ Meeting, the Management Board is the highest decision-making body of the company.
COMMISSIONS
The Board of Directors is supported by delegated and consultative bodies, which assist it in the exercise of its functions: Executive Committee, the Audit Committee, the Appointments and Remuneration Committee and the Sustainability and Corporate Governance Committee.
BOARD OF DIRECTORS
In accordance with the Board Regulations, in general, the Board's policy is to delegate the ordinary management of the company to the executive bodies and the management team, and to concentrate its activity on the general supervisory function.
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Sacyr complies with corporate governance best practices

GOOD GOVERNANCE
PRACTICES

Good governance practices generate value for our stakeholders.

  • Sacyr has created a Sustainability and Corporate Governance Committee and a Sustainability Committee.With this, Sacyr wants to promote and make visible the work it is already carrying out in terms of sustainability and collaboration with all its stakeholders in the fight against climate change, the promotion of diversity and conciliation, ensuring health and safety and promoting the positive social impact of its activities. The Sustainability and Corporate Governance Committee is mainly responsible for supervising and proposing corporate environmental, social and governance policies, known by the acronym ESG (Environmental, Social and Governance).
  • The Sustainability Committee is responsible for developing and executing actions related to sustainability within a strategy aligned with the SDGs (Sustainable Development Goals). This Committee is chaired by Manuel Manrique, Chairman and CEO of the group, and is made up of the Corporate General Management, the Talent Management and HR General Management, the Communication and Sustainability General Management, the Business Legal Department, the Secretary of the Board of Directors and a rotating CEO from the business areas.
  • A complete review of Sacyr’s compliance with the recommendations of the Code of Good Governance (CBG) has been carried out as a result of the partial amendment of the Code by the CNMV in June 2020.
  • During the year, the Board of Directors has updated and reviewed the existing Corporate Policies, and has also approved the following Policies:
    1. Biodiversity Policy.
    2. Water Policy.
    3. Climate Change Policy.
    4. Information Security Policy.
    5. Occupational health and safety Policy.
    6. Human Rights Policy.
    7. Quality, environment and energy management Policy.
    8. Sustainability Framework Policy.
    9. Innovation Policy.
    10. Diversity and Inclusion Policy.
    11. Financial Information Communication Policy.
    12. Sacyr ́s Non-Financial and Corporate Information Communication Policy
    13. Supply Chain Management Policy.
    14. Anticorruption Policy and Relationship with Public Officials.
    15. Gifts and Hospitality Policy and its development procedure.
    16. Sponsorship and Donations Policy and its development Procedure.
    17. Personal Data Protection Policy.
    18. Crime Prevention Compliance Policy.
    19. Regulatory Compliance Policy on Antitrust.
  • Sacyr has increased the percentage of compliance with the recommendations of the Code of Good Governance applicable to it. Compliance with these amounted to 91.23%, an increase of 20% with respect to the previous year.
  • Sacyr is aware of the importance of having a balanced participation of women and men in the organization’s governing bodies. In this sense, female participation has been progressively increasing in the Company’s Management Board.
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Innovation
as a driver of
development

Artificial vision model for infrastructure inspection

INNOVATION AS A DRIVER OF SUSTAINABLE DEVELOPMENT

At Sacyr, we innovate to promote the sustainable development of the planet and enhance people's quality of life through the implementation of major infrastructure and services projects, for and by citizens.

Innovation Channel

At Sacyr creativity and innovation increase with each of the projects we undertake

  • A clear business focus that allows us to prioritise those innovation projects that most contribute to improving the infrastructure users’ experience and to reducing funding costs.
  • An active governance of innovation, where the various Innovation Departments and Committees are responsible for establishing innovation and R&D guidelines, coordinating initiatives between the different business areas and structuring initiatives that incentivise innovation.
  • An innovation culture that promotes an open innovation model, based on cooperation between external agents, such as entrepreneurs, scientists, universities and business partners; and the intrapreneurs that form part of Sacyr success.
  • A solid process of enhancing innovation, by obtaining project certificates from public authorities and by seeking out more advanced patents for our R&D+i developments. 
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Number of projects
under development 2020

0

Employees involved
in innovation initiatives

0

Number of training hours
in innovation

+ 0
Hours

Percentage of net income profit
invested in innovation

0 %

Number of projects
launched 2020

0

Number of employees
innovation

0

Investment in
clean technology

0
Millions of euros

Number of certified
companies

0

INNOVATION STRATEGY

At Sacyr, we define innovation as new ideas that, when applied to our business, create value. Value for our customers, shareholders, employees and society.

Our commitment to innovation is one of the company's strategic pillars with the aim of ensuring our company’s competitiveness. In the short, medium and long term through sustainable growth.

The innovation strategy established by management is based on:

SUSTAINABLE
DEVELOPMENT

An innovation of a strategic nature that affects all the businesses and activities carried out by the Sacyr group. This model is focused on sustainable development, taking advantage of opportunities and new business models, new technologies and driving digital transformation.

VISION OF
THE FUTURE

Forward-looking innovation that takes into account society's new needs, habits and trends.

INNOVATION
MODEL

An open innovation model that fosters the creation of an ecosystem based on cooperation with external agents, such as entrepreneurs, scientists, universities and business partners; and the intrapreneurs that form part of our success.

TALENT

Attracting the best innovative talent and developing our employees, regularly encouraging and challenging their ability to innovate, and supporting safe environments to create new value propositions.

DISRUPTIVE
TECHNOLOGIES

The implementation of projects that allow us to assess the impact of the most disruptive technologies on our activities, supported by new methodologies based on rapid decision-making.

CERTIFICATION

A solid process of enhancing innovation, by obtaining project certificates that bring external recognition to our system.

MANAGEMENT
SYSTEM

All of the above is supported by an R&D&I management system in accordance with the UNE 166002:2014 standard, the purpose of which is to identify, manage and maintain innovation activities and processes, control all possible technological resources more efficiently and enable the company to become more adaptable to new market environments.

INNOVATION MODEL
at Sacyr

Governance: R&D Management System and Certifications

Our innovation management process has two governing bodies (Innovation Investment Committee and Innovation Operating Committee) that direct and monitor the definition of strategic priorities, investment, technological and market alliances, as well as compliance with and deployment of the Innovation Policy throughout the company.

Open Innovation

Teamwork is the key to our success. For this reason, we seek the best talent, internal and external, with which to drive new ideas that contribute to building a better, more sustainable and safer world.

From the Open Innovation area, we promote a technological observation and foresight system that identifies opportunities and challenges for Sacyr and detects innovation needs in processes or services.

Sacyr iChallenges 2020 Call for Proposals

Projects

We drive forward projects that seek the implementation of the proposals that have been identified in the open innovation programs and provide valuable answers to our challenges.

We manage these innovation initiatives through agile methodologies that allow us to show the value provided by the projects in a short period of time, making decisions about their evolution in a flexible way, scaling those projects that are successful and iterating and redefining the hypotheses in the rest.

We have developed initiatives based on the Internet of Things for the management of our plants and machinery on site, generating real-time knowledge of the status of our assets that allows us to make more agile and efficient decisions.

We have celebrated a new edition of the Natural Innovators Awards in different countries, recognizing 99 employees in 6 categories

Culture

At Sacyr, we innovate to improve people's quality of life. We transform ourselves because we believe in a better, safer and more sustainable planet.

To this end, we carry out several initiatives:

  • Inspirational innovation sessions:once again this year, we brought the latest trends in innovation and digital transformation to all Sacyr employees through our iFridays.
  • Training and awareness-raising: Innovation is part of the training itineraries of Sacyr employees and is integrated with various formats (courses, podcasts, videos).
  • Internal recognition: at Sacyr, we recognize and reward talent, effort and dedication to innovation in the company.
  • Sacyr Innovation Awards: The winning startup of the 10th edition of the Awards in Spain, was the English firm Emitwise, which receives an amount of 50,000 euros to develop its carbon emissions measurement solution for Scope 3.

Communication is a fundamental part of a company's transformation process.

Natural Innovators Awards

Teamwork is our key to success

Risks

AEDAS project in Alcalá de Henares, Madrid, Spain

COMPREHENSIVE INTEGRAL RISK MANAGEMENT SYSTEM (CRMS)

Sacyr is committed to respectful compliance with all legal obligation to which it is subject in any country in which it carries out its activities

Risk management process through the Comprehensive Risk Management System (CRMS)

1

Planning

Based on the company's strategy and objectives, this stage activates the necessary management tools for key business decisions.

2

Identification

Activities are carried out to identify critical risks associated with each key decision.

3

Assessment

Activities are carried out to assess, filter and prioritize critical risks according to impact scales, tolerance thresholds and other metrics.

4

Treatment

The activities at this stage are aimed at defining the response strategy for each specific risk as well as implementing the appropriate response plans.

5

Monitoring

In this stage the evolution of pre-existing risks is measured, as well as new risks, evaluating the effectiveness of the response plans, and initiating Contingency Plans in case the established tolerances are exceeded.

6

Control

This stage includes the internal control and assurance activities carried out by the Risk Control and Management Department, as well as the capture of lessons learned for the continuous improvement of the group.

Regulatory
Compliance

Pirámides-Tulancingo-Pachuca Highway, Mexico

QUERIES AND COMPLAINTS LINE

The Queries and Complaints Line (codigoconducta@sacyr.com) is the channel created by the Sacyr Group so that the members of the organisation or third parties can denounce, in a safe confidential manner, any possible breach of the Code of Conduct and in, general, of our Regulatory Compliance, Crime Prevention and Fair Competition Model, as well as any other applicable internal or external regulations.

In addition to this Line the Sacyr Group has a second line of complaint, in this case, an Anti-harassment Hotlinedenunciaacoso@sacyr.com).

The Regulatory Compliance Unit, with the supervision of the Audit Department, is the body responsible for receiving, processing and managing both Lines, safeguarding confidentiality and the rights of the affected parties and guaranteeing the protection of the complainant.

REGULATORY COMPLIANCE, CRIME PREVENTION AND FAIR COMPETITION MODEL

Supervision of the correct functioning of our Regulatory Compliance Model corresponds to the Audit Committee, which is supported by the Regulatory Compliance Unit for its operational management.

Among the activities performed in 2020 in relation to this Regulatory Compliance Model are the update of the essential elements of such model.

ANTI-MONEY LAUNDERING MEASURES

The main measures it has in place are:

  • Designation of a specific Internal Control Body responsible for the supervision and enforcement of measures to prevent breaches of these regulations.
  • Information and dissemination of the Internal Protocol in which the policy and procedures are developed.
  • Existence of a system of IT alerts to detect possible risky transactions.
  • Specific training in this area for employees and external collaborators.
  • Existence of a specific hotline for this area, available both to members of the Organisation and to third parties (sacyr.prevencionbc@sacyr.com)
  • Audits by independent external experts.
  • Third-party due diligence processes.
  • Annual risk self-assessment analyses.

RESPECT FOR HUMAN RIGHTS

Commitment

Protecting the human rights of our employees and those who work with us has been paramount to our way of doing things and our values.

Due diligence

Our approach to project due diligence is to identify high-risk performance areas, prevent and remedy negative social and environmental impacts.

  • Identify, prevent, mitigate and account for how it addresses its human rights impacts in all its operations and activities.
  • Remedy, to the extent possible, the adverse human rights impact they have caused or contributed to.
  • Promote training and awareness-raising initiatives for Sacyr’s stakeholders in the area of Human Rights.
  • Actively foster a culture that promotes respect for human rights, as well as behaviours that encourage this respect.
  • Voluntary adhesion to public or private agreements in order to make commitments and define actions with the aim of reducing behaviour that contravenes this Policy.
  • Obtaining and maintaining certifications in accordance with internationally recognised standards.
  • Encourage suppliers to adopt policies that are in line with this Policy.
  • Compliance with the applicable requirements related to respect for human rights, as well as the monitoring of recommendations in this field, at a national and international level.
  • Active and continuous communication on Sacyr’s actions with regard to respect for Human Rights.
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2020 HIGHLIGHTS

  • Approval of the Sustainability Framework Policy, which replaces the previous Corporate Social Responsibility Policy. 
  • Approval of the Human Rights Policy 
  • Approval of the Supply chain management policy

In 2014, the Sacyr group signed a Framework Agreement with the International Federation of Building and Wood Workers and Comisiones Obreras

Through this agreement the following guidelines are established:

1

Freedom of association and the right to collective bargaining is respected

2

Employment is freely chosen

3

Non-discrimination

4

Protection of migrant workers

5

Child labour is not used

6

Living wages are paid

7

Hours of work are not excessive

8

Health and Safety of the workers

9

Workers’ welfare

10

Specialised training

11

Employment relationship

Transparency

Training of workers in relation to COVID-19, Autovía del Turia, Valencia, Spain

TAX TRANSPARENCY

Sacyr's Total Tax Contribution (TTC) for the year 2020 considering all the territories in which the Group.

Total Tax
Contribution
in 2020

+ 0
Millions of euros

[+9,85%]

TAXES BORNETAXES COLLECTED
TAX CATEGORY (Mill. of €)201820192020201820192020
I. INCOME TAX3748476128
II. PROPERTY TAX757000
III. EMPLOYMENT RELATED TAXES192228211129138162
IV. PRODUCTS AND SERVICES TAXES363427155170251
V. SPECIAL TAXES141811891
TOTAL286333302299328423

TTC BY BUSINESS GRAPHIC

TTC BY COUNTRY GRAPHIC

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Contribution to the 2030 Agenda

Click on the objectives to learn more

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E-WEB-Goal-01
  • Donation of gifts to children hospitalized at the Infanta Cristina Hospital in Parla and the Henares Hospital in Coslada. Spain.
  • Donation of gifts to Juventudes Hospitalarias of Parla. Spain.
  • Donation of gifts to children in situations of exclusion at Asociación Nazaret, Madrid. Spain.
  • Collaboration with the Spanish Red Cross to promote programs against social exclusion. Spain.
E-WEB-Goal-02
  • CAFESTORE. Preparation of more than 2,000 daily menus for three months, which were donated to a soup kitchen. Spain.
  • Food Collection Campaign with the Food Bank. +8,000kg in 2020.Spain.
  • Donation of food kits in the most disadvantaged areas of Peru, Mexico and Colombia, through the NGO Ayuda en Acción.
  • EDUCO School Lunch Grants Funding. Spain.
E-WEB-Goal-03
  • Donation of medical supply to the Madrid City Council and to residences of Plena Inclusion Spain with intellectual disabilities people.
  • Donation to the AECC for cancer research. And dissemination of talks and awareness-raising days for the prevention of breast cancer. Spain.
  • Protocol Certification of Sacyr Facilities, S.A. (and subsidiaries) with regard to COVID-19 infections and to manage work centres included in this scenario. Spain.
  • Collaboration with AESRT to publish a children’s story to raise awareness of the disease and help raise funds for the association. Spain.
E-WEB-Goal-04
  • STEM education days for students aged 16-25 years old. Spain.
  • Collaboration with EXIT Foundation to promote mentoring with minors and prevent them from dropping out of school. Spain.
  • Collaboration with Aldeas Infantiles SOS Chile, in the “School in your Village” program, for post-pandemic school reintegration.
  • Organisation of training sessions on biosecurity protocols to support the economic reactivation of 60 restaurants in Pasto, Colombia.
E-WEB-Goal-05
  • Approval in July 2020 by the Board of Directors of the Diversity and Inclusion Corporate Policy, which sets our strategy at a global level.
  • Corporate Protocol for prevention and action in cases of harassment and discriminatory acts.
  • Specific committee for the prevention of harassment, with members trained in the management of procedures derived from the protocol.
  • We monitor the salary gap between men and women, which does not exceed 6% in any of our professional categories.
  • We have an equal presence of men and women in our workforce. 42% of our employees are women.
E-WEB-Goal-06
  • In 2020, the use of recycled or reused water accounted for 21.74% of total water supply for own consumption, 17% on the previous year.
  • In June 2020, Sacyr’s Board of Directors approved the Water Policy, which defines and establishes the principles and criteria that govern the procedures in use and management of water.
  • Sacyr Water. Social fees and procedures for non-payment.
  • We avoided the consumption of 1,029,770m3 of drinking water, prioritising the use of recycled water. 25% water reused over of total consumption.
E-WEB-Goal-07
  • In 2020, domestic energy consumption was 3,772,047.66 GJ, 65% less than in 2019.
  • Sacyr has renewed its greenhouse gas verification under the ISO 14064-1 standard for the Construction area in Spain, as well as for Valoriza Medioambiente’s national waste treatment plant services and operations.
  • Sacyr’s commitment to achieve carbon neutrality by 2050.
  • Renewal of the registration of its Carbon Footprint in the Registry of the Ministry for Ecological Transition and the Demographic Challenge, Spain.
E-WEB-Goal-08
  • Development of the “ONBOARDING DIGITAL KM 0 - EMPLOYEE SATISFACTION” programme.
  • During 2020, Sacyr's headcount comprised 44,623 workers (in 2019 there were 43,467 people in Sacyr). This represents an increase of 2.7% over the previous year. Of this total workforce, 24,331 are men (22,609 in 2019) and 20,292 are women (20,8558 in 2019)
  • 90.08% of those interviewed for the Onboarding Digital Km 0 Programme are quite satisfied or very satisfied with their recruitment at Sacyr.
  • Workshops and employee training days have been organised, which have involved 328,294 hours of training.
E-WEB-Goal-09
  • Sacyr Innovation Awards
    3rd Edition of Sacyr iChallenges, aimed at solving challenges and needs of the company’s businesses.
  • Number of employees participating in projects: 261
    Number of projects under development: 44.
  • Group companies certified under UNE 166002:2014: 13 Investment in R&D+i:
    +€8 Million
    6.6% of Net Profit invested in innovation.
  • Campaign “You are part of the challenge. Sacyr for the Climate”: 130 employees, 10 countries, 241 proposals.
E-WEB-Goal-10
  • Training in equality and non-discrimination through the Week of People with Disabilities, on the occasion of the International Day of People with Disabilities (Dec. 3).
  • We promote the labor inclusion of people with different abilities, through collaboration with foundations and entities such as Capacis, Inserta, Incorpora, and A LA PAR. We have a presence at specialised employment trade fairs. In 2020, we hired 963 disabled employees.
  • We promote multicultural presence as a source of knowledge and talent. The company employs people of more than 86 nationalities and is present in more than 20 countries.
  • We have implemented specific programmes for each generation, according to their needs:
    - Sacyr Generation Senior.
    - Sacyr Builds Future.
E-WEB-Goal-11
  • SMART Guadalajara: application for the management of street cleaning and solid urban waste collection services in which the citizen plays a leading role.
  • Sacyr Engineering and Infraestructure has obtained the sustainable certification BREEAM in the promotion of Badalona H20 homes.
  • Kompas, the system developed by Dinami-K Ingeniería and implemented by Valoriza Medioambiente in the city of Huelva, enables oversight of city control teams and optimisation of traffic management.
  • Development of the Sigolis app by Valoriza Medioambiente, which enables trucks to collect industrial and urban solid waste (USW) in general, constantly geolocated, further automating the collection process.
E-WEB-Goal-12
  • Environmental and social impact assessment of 2,436 suppliers. 36% of our suppliers are local, promoting the growth of local economies.
  • Integration of the new lines of the Spanish Circular Economy Strategy.
  • Participation in the publication of “34 Green Economy Cases”, as part of the Spanish Green Growth Group (GECV).
  • Sacyr used 9,607,464.92 tonnes of recycled or reused materials in 2020, representing 55.84% of the total materials used.
  • Approval of Sacyr’s new Supply Chain Management Policy.
E-WEB-Goal-13
  • Launch of the “Sacyr for the Climate - You are part of the Challenge” campaign, with the aim of reducing the company’s climate footprint.
  • Launch of the environmental sustainability training programme, with a special focus on climate change.
  • Review and update of Sacyr’s Climate Change Policy. A- rating, through the Carbon Disclosure Project (CDP), for performance in the area of climate change.
  • We obtained the “CALCULO” and “REDUZCO” seal from the Ministry for Ecological Transition for the 7.34% reduction in CO2 in the three-year period 2016-2018.
  • Offsetting of emissions associated with travel by Sacyr executives.
E-WEB-Goal-14
  • The company has just approved the Sacyr 2021-2025 Sustainable Plan, one of whose areas of action is the protection biodiversity, with a specific objective: to set biodiversity conservation objectives in all contracts.
  • Preparation of monitoring reports on the status of species.
  • Carrying out environmental education workshops, aimed at raising awareness and sensitization to preserve fauna and flora.
E-WEB-Goal-15
  • 6,898.36 Km2 of total surface area of areas protected by Operations Centres owned, leased or managed by the Group.

    Protection of more than 1,200 species.
  • In 2020, the most significant effects were the alteration/destruction of habitats, effects on animals and plants, and loss of plant cover. Measures adopted included maintenance of wildlife crossings, reforestation of felled species and the circulation of vehicles at moderate speeds.
  • In 2020, a total of 3.05 hectares of the total area affected by the development of our projects has been restored.
  • Volunteering in Spain
    - Asociación Reforesta: planting of trees and river cleaning.
E-WEB-Goal-16
  • Code of Conduct and its policies, Consulting and Whistleblower hotline and Regulatory Compliance and Crime Prevention Model.
  • Sacyr’s Board of Directors has 13 members at 31 December 2020: one executive director, five proprietary directors, six independent directors and one non-executive director.
  • Total compliance with Good Corporate Governance recommendations is 91.23%, up 20% year-on-year.
  • Certification in Corporate Social Responsibility according to SGE21.
E-WEB-Goal-17
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