Strategy, Objectives and Organization

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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.

Organizational anchoring

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”.

Materiality Matrix

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. In the course of aligning sustainability reporting with the Global Reporting Initiative (GRI) standards, the materiality matrix needed to be further developed in 2018. The graphic shows the impact of direct and indirect business activities on the corresponding aspect, its relevance for stakeholders, als well as the relevance for Fraport’s business activities. The matrix is reviewed annualy to ensure it is up-to-date and, if necessary, adjusted. Please see "Updates to the materiality matrix" in Sustainability Report 2018, page 46.

 

Program

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 “Our Values – Sustainability Report 2018”).

 

Sustainable Developement Goals

With Agenda 2030 for Sustainable Development (adopted in September 2015), the international community is expressing its conviction that global challenges can only be solved if we all work together. The Agenda provides the basis for making global economic progress in line with social justice and within the ecological limits of our planet. The heart of the agenda consists of 17 Sustainable Development Goals (SDGs). For the first time, the SDGs give equal weighting to all three dimensions of sustainability – social, environmental, economic. Our focus is on the SDGs that are clearly within the sphere of influence of our actions. Please see “Our Values – Sustainability Report 2018”.

 

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.

2015

 

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
stakeholders.
2016 Verification of the matrix of current relevance and confirmation of applicability. Verification of the sustainable development goals of the UN Agenda 2030, selection of eleven goals.
2017 Verification of the matrix of current relevance and confirmation of applicability. Notable changes in the program: Adoption of a target for CO2 emissions at Group level and the addition of two further KPIs.
2018 Further development of the matrix in the course of conversion to the GRI standards. Verification of the relevance  of the selected topics in an online survey.  Four new topics have been added to the program: “Corporate governance and compliance”, “Data protection”, “IT and airport security”, and “Air quality”. Selection of SDGs has been reviewed and adjusted.