Strategy, Objectives and Organization
Focusing on a sustainable future
For us, acting sustainably means shaping the future in a responsible way. We understand sustainable development as a continuous process. We are convinced that entrepreneurial flexibility can only be achieved by consistent inclusion of non-business aspects in management processes.
Sustainability or responsibility issues are handled by Fraport AG’s “Corporate Development, Environment & Sustainability” Central Unit under the direct authority of the Executive Board Chairman. This Unit embodies all strategically relevant subjects dealing with a responsible corporate governance and initiates their continued development. In addition, this Unit is responsible for preparing the materiality matrix and the program. Responsibility for reporting as well as rankings as assessments falls within the competence of the Unit “Finance & Investor Relations”.
The Group’s materiality matrix reflects Fraport’s broad understanding of a responsible corporate governance that not only covers ecological, but also corporate and social aspects. Its contents and their prioritization were yielded from a survey among Fraport stakeholders.
Our program addressing the strategically relevant issues for a responsible corporate governance is synchronized analogically with the fields of action indicated in the materiality matrix (please see “2015 Compact – Gute Reise! We make it happen”, page 28 et seq.).
Materiality Matrix & Program - History and milestones
|2010||First development based on the Global Reporting Initiative (GRI) guidelines and in dialog with the Company’s most significant stakeholder groups. Definition of targets and measures for the six top-priority areas of activity.|
|2011||Definition of targets and measures for the additional eleven areas of activity of the materiality matrix.|
|2012||Update following an internal evaluation process.|
|2013||Update following consultation with the Executive Board, the heads of the Company’s business, service and central units as well as representatives of important stakeholders. Verification of current relevance and confirmation of applicability.|
|2014||Verification of current relevance and confirmation of applicability.|
|Further development of the matrix in the course of conversion to the GRI G4 Guideline; objective: even stronger focus on the major fields of actions relevant for the company’s fitness for the future; survey among the Fraport management and major