Corporate Social Responsibility Report 2017 1 MAIN MILESTONES BUSINESS MODEL ENVIRONMENTAL COMSA IN 2017 CONTRIBUTION CORPORACIÓN TEAM RISK LETTER FROM MANAGEMENT INNOVATION THE CHAIRMAN MANAGEMENT EXTERNAL COLLABORATORS CORPORATE OVER 125 YEARS STRATEGY OF HISTORY CUSTOMERS VALUE CREATION BUSINESS SOCIAL CONTRIBUTION MISSION, VISION AND VALUES COMMITMENT TO THE UNITED NATIONS SDG CORPORATE GOVERNANCE TRANSPARENCY, ETHICS, AND INTEGRITY ABOUT COMSA CORPORACIÓN ABOUT COMSA SPHERE ECONOMIC SPHERE ENVIRONMENTAL SOCIAL SPHERE ABOUT THE REPORT Index of contents Index MAIN LETTER OVER 125 MISSION, COMMITMENT TRANSPARENCY, MILESTONES FROM THE YEARS OF VISION AND TO THE UNITED CORPORATE ETHICS, AND IN 2017 CHAIRMAN HISTORY BUSINESS VALUES NATIONS SDG GOVERNANCE INTEGRITY 3 CORPORACIÓN ABOUT COMSA MAIN LETTER OVER 125 MISSION, COMMITMENT TRANSPARENCY, MILESTONES FROM THE YEARS OF VISION AND TO THE UNITED CORPORATE ETHICS, AND IN 2017 CHAIRMAN HISTORY BUSINESS VALUES NATIONS SDG GOVERNANCE INTEGRITY MAIN MILESTONES IN 2017 International presence Human team • Award of the contract for the Odense • 5.5% increase in training hours. tramway (Denmark). • Occupational risk prevention: Orange • 4.5% increase in the percentage of award to COMSA Industrial and Anto- total sales accounted for by inter- nio Baró runner-up award to COMSA national sales: 54% sales in external Service. markets. Environmental impact Corfirmed order growth and contribution • Confirmed order growth of 19%. • Calculation of COMSA Corporación’s • Increase of confirmed orders to sales carbon footprint (scope 1 and 2). Construction of the Antequera – Granada High Speed Line: Tocón – ratio by 12.5%. • REFER project in the RIS3CAT com- Granada and accesses to Granada sections (Spain) munity focusing on energy efficiency Risk management and the flexible rehabilitation of buil- • Preparation of a COMSA Corporación dings. Risk Map. • Implementation of a risk assessment Social impact and contribution protocol in the bidding process. • Contribution to the schooling of chil- dren in communities at risk of social Transparency, ethics, and integrity exclusion (Argentina). • Development of the COMSA Corpo- • Corporate volunteering actions for ración’s strategy on sustainability and the distribution of humanitarian aid Corporate Social Responsibility. in communities affected by torrential • 100% of employees are aware of rain in Huarmey (Peru). COMSA Corporación’s Code of Ethics. Innovation management • Innovation mainstreaming: creation of the Innovation Committee. • 75% increase in innovation invest- ABOUT COMSA CORPORACIÓN ABOUT COMSA ment. B-40 Motorway. Olesa de Montserrat-Viladecavalls section (Spain) 4 MAIN LETTER OVER 125 MISSION, COMMITMENT TRANSPARENCY, MILESTONES FROM THE YEARS OF VISION AND TO THE UNITED CORPORATE ETHICS, AND IN 2017 CHAIRMAN HISTORY BUSINESS VALUES NATIONS SDG GOVERNANCE INTEGRITY LETTER FROM THE CHAIRMAN Dear customers, suppliers, collaborators and emplo- for the environment is an organizational value, and yees, through innovation in materials, processes, and energy efficiencies, which will act as an internal ally and the This 2017 was a year of intense hard work, in which catalyst required to galvanize and accelerate necessary COMSA Corporación 2016-2020 Strategic Plan has changes. started to bear its first fruits. This contribution is all the more meaningful when its Looking at the key figures for the year, in 2017 the group purpose is to enhance the present and future quality turned over a total of 1,080 million euros in the 22 coun- of life of the society with which we interact in general, tries in which it operates, while employing over 7,700 and of our collaborators and employees in particular. people. We consolidated our international presence, increasing the percentage of our sales abroad by 4.5%. And this commitment, which in 2017 earned us the recognition of our customers and of highly respected These figures continue to position us as a benchmark entities in the fields of environment and health and in our business area. We can reasonably expect to face safety, must continue to be an underlying principle, the future from the steady and sound position neces- both for we who form part of COMSA Corporación, sary to continue with our strategy of planned growth, and for our suppliers, partners and customers. while strengthening our capabilities and operational flexibility. This is to be achieved through organizational We must therefore continue to concentrate on the per- efficiency and by focusing our activities on infrastruc- sonal and professional development of our employees, tures and engineering, and maintaining a constant dri- providing them with a working environment oriented ve for innovation, a characteristic which sets us apart towards their wellbeing. This will serve as a frame of from our rivals in an environment of increasingly more reference which we hope our collaborators will subs- competitive markets. cribe to, in a rigorous but simple and gratifying manner. One of the milestones of 2017 has been the publication We are facing many challenges, challenges which are of COMSA Corporación’s first Corporate Responsibility increasing over time but also serve to encourage and Report. The report reflects our strategy in this matter, stimulate us. I therefore wish to thank you all, in the Jorge Miarnau, Chairman of COMSA Corporación based on policies of good governance and transpa- hope that we can continue to enjoy your support on rency, in which innovation applied to climate change this path towards excellence. mitigation plays a major role. In this respect, COMSA Corporación wishes to con- tribute with policies and actions on circular economy Jorge Miarnau Montserrat and greenhouse gas emissions reduction. These are Chairman ABOUT COMSA CORPORACIÓN ABOUT COMSA to be applied to recurrent activities, in which respect 5 MAIN LETTER OVER 125 MISSION, COMMITMENT TRANSPARENCY, MILESTONES FROM THE YEARS OF VISION AND TO THE UNITED CORPORATE ETHICS, AND IN 2017 CHAIRMAN HISTORY BUSINESS VALUES NATIONS SDG GOVERNANCE INTEGRITY OVER 125 YEARS OF HISTORY COMSA was founded in 1891 in Reus. During its early years 2009 saw the merger of two family business groups, Grupo the company focused on track work and station renovation, COMSA and Grupo EMTE, with a commitment to providing becoming one of the leading railway companies of its time. their customers with an integrated service for their projects. In the 1940s, coinciding with the generational handover, the Currently the more than 125 years of experience, combined with company diversified into other areas of civil engineering and high level of specialization in the construction and moderni- began to be involved in all kinds of construction projects. zation of transport infrastructure, has made COMSA Corpora- ción a benchmark partner in projects with a high technological In the 1960s, now with the third generation of the family, the component centred on the development of communications focus moved to the mechanization of track work as the com- and regional cohesion all over the world. pany began to expand throughout Spain. Committed to sustainable growth and innovation, COMSA By the 1980s the company had consolidated its presence na- Corporación is fully focused on quality, professionalism, and tionwide and took part in the first Spanish high speed rail pro- customer satisfaction, with a scrupulous respect for the envi- ject (the Madrid-Seville line). ronment, and always acting in accordance with principles of sustainability, integrity, and responsibility. Internationalization began in the 1990s in Portugal and rapidly spread to Europe and Latin America, coinciding with the arrival of the fourth generation of the family. ABOUT COMSA CORPORACIÓN ABOUT COMSA 6 MAIN LETTER OVER 125 MISSION, COMMITMENT TRANSPARENCY, MILESTONES FROM THE YEARS OF VISION AND TO THE UNITED CORPORATE ETHICS, AND IN 2017 CHAIRMAN HISTORY BUSINESS VALUES NATIONS SDG GOVERNANCE INTEGRITY COMSA FOUNDATION TRANSFER OF START OF URBAN MECHANIZATION OF EXPANSION IN REUS. IT FOCUSED HEAD OFFICES TO DIVERSIFICATION: DEVELOPMENT OF RAILWAY WORK. THROUGHOUT ON RAILWAY TRACK BARCELONA. ROAD CONSTRUCTION, BARCELONA. SPAIN. WORK AND STATION BRIDGES AND REFURBISHMENT. BUILDINGS. 1891 1930 1940 1950 1960 1970 ABOUT COMSA CORPORACIÓN ABOUT COMSA 7 MAIN LETTER OVER 125 MISSION, COMMITMENT TRANSPARENCY, MILESTONES FROM THE YEARS OF VISION AND TO THE UNITED CORPORATE ETHICS, AND IN 2017 CHAIRMAN HISTORY BUSINESS VALUES NATIONS SDG GOVERNANCE INTEGRITY MODERNIZATION OF START OF DIVERSIFICATION ENTRY INTO THE MERGER EXPERIENCE AND THE SPANISH ROAD INTERNATIONALIZATION OF ACTIVITIES AND SHAREHOLDING OF BETWEEN COMSA SPECIALIZATION IN NETWORK AND AND PARTICIPATION CONSOLIDATION OF TRAKCJA PRKIL, A AND EMTE. THE CONSTRUCTION TECHNOLOGICAL IN AVE (SPANISH HIGH INTERNATIONALIZATION. BENCHMARK RAIL INTEGRATED AND MODERNIZATION INNOVATION. SPEED TRAIN). INFRASTRUCTURE SERVICE TO OF TRANSPORT COMPANY IN CUSTOMERS. INFRASTRUCTURES. POLAND. 1980 1990 2000 2006 2009 2017 COMMITTED TO THE FUTURE ABOUT COMSA CORPORACIÓN ABOUT COMSA 8 MAIN LETTER OVER 125 MISSION, COMMITMENT TRANSPARENCY, MILESTONES FROM THE YEARS OF VISION AND TO THE UNITED CORPORATE ETHICS, AND IN 2017 CHAIRMAN HISTORY BUSINESS VALUES NATIONS SDG GOVERNANCE INTEGRITY BUSINESS INFRASTRUCTURE CONCESSIONS CONCESSIONS Integral Management Aggregate and RENEWABLE ENERGIES of Conservation: precast concrete: INDUSTRIAL ENGINEERING TECHNOLOGY LOGISTICS MAINTENANCE AND SERVICES ENVIRONMENT ABOUT