ACS
Actividades de Construcción y Servicios

Social Action

The ACS Group channels its social action through the ACS Foundation, the formal social action policy of which is stated in its foundation charters and which is guided by several principles for action:

• Philanthropic action by means of donations and contributions to specialised institutions.

• Actions in seven areas of work: accessibility, assistance to development, environment, cultural and educational promotion, dissemination and restoration of Spanish national heritage, collaboration with scientific institutions and sponsorship and patronage of philanthropic institutions.

• Selection of projects which provide the greatest social benefit - carried out with prestigious bodies, leaders in their field - and of great general interest.

• Setting up of mixed monitoring committees, between donor and beneficiary, to monitor the execution of significant projects.

Annually, the ACS Foundation prepares its Action Plan, in which it explains in detail the activities planned for the following year. This report shows the most significant projects with the investment allocated for each area of action.

In 2010, the ACS Foundation has invested 3.417 million euros, which meant 93% of 2010’s budget.

In 2009, it invested a total of 3.745 million euros, which includes the total investment planned for the year (which was 3.260 million euros) and an additional extraordinary investment of 0.485 million euros, which meant that ACS Foundation in 2009 spent 112% of its budget for the year.

For 2011, it has been approved an increase in the budget of 10% compared to 2010, to exceed 4 million euros.