Strategy, Objectives and Organization
Strategie und Ziele_neu
Strategy and Objectives
In the long run the upward trend in the volume of air traffic seems to be unabated - this was one of the conclusions arrived at by the "Global Traffic Forecast 2010-2029" of the Airport Council International (ACI). The yearly growth rates are estimated to be in the order of 4.1% as regards passengers and 4.8% with airfreight. Against this background, air safety, noise abatement and climate protection will continue to be major challenges to be met by our industry. With regard to noise abatement and climate protection, Fraport's power and influence as airport operator may be limited. Nonetheless, being part of the aviation industry we regard it as our responsibility to set a good example as far as matters in the immediate domain of our influence are concerned. In addition, we wish to use our leading position among the airports to contribute to a development based on sustainability in our sector.
Sustainability being firmly anchored in Fraport's Corporate Principles in its Agenda 2015, in 2010 we compiled our objectives and the measures necessary for their achievement for the first time in a Sustainability Program. Our strategic orientation was developed in an interactive process involving all important stakeholder groups. Internal and external experts were checking and weighting the various issues identified on the basis of the guidelines pertaining to sustainability reporting as developed by the Global Reporting Initiative (GRI) and in stakeholder consultations. Using these components, we then prepared a materiality matrix. This matrix shows the most important actions for our future development.
The Central Unit identifies key strategic sustainability issues across the company and initiates further development as necessary. The unit is also responsible for environmental management, sustainability reporting and monitoring, and coordination of stakeholder dialogs.
The compliance management system and internal controlling system are among the areas of responsibility. Its management reports directly to the Executive Director Labor Relations. The Sustainability Board is the executive body with responsibility for sustainability management. It is headed by the Chief Executive Officer. Board members include the Executive Director Labor Relations, the senior managers of all divisions, and some senior managers in the Central Units of Fraport AG.