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Strategy, Objectives and Organization

Strategie und Ziele_neu

Strategy and Objectives

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.

A materiality matrix is a strategic tool to identify, evaluate and control future corporate opportunities and risks. Fraport’s materiality matrix was updated in 2013, now comprising 11 areas of action. Targets and measures were defined for each area of action, with achievements being reported in relation to the following issues: customers, employees, environment, community, noise abatement, and owners. The materiality of each area of action is defined by its position within the two axes denoting "relevance for Fraport" and "relevance for stakeholders".

Wesentlichkeitsmatrix engl. NHB 2013

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Here you will find more information on the Materiality Matrix.

Organization

The central unit “Corporate Development, Environment and Sustainability“combines the strategically important sustainability topics and initiates their further development, if need be. Furthermore, this unit is responsible for the environmental management, sustainability reporting and sustainability monitoring as well as the coordination of stakeholder dialogs.

Fraport’s Sustainability Board is the highest committee for sustainability management matters, directed by the Chairman of the Executive Board. Other board members are the Labor Relations Director as a co-chairman as well as the top managers of the relevant business, service and central units of Fraport AG.

For further details concerning the organization, please click here.