Values and Principles

Responsible and Transparent Corporate Governance

Fraport is committed to adhering to nationally and internationally recognized principles and codes of conduct. For Fraport, this is the central basis on which to build trust. Fraport does not tolerate corruption or any other unfair business practices. Combating corruption and bribery is also an integral element of the Fraport Code of Conduct, which applies at all Group companies worldwide.

The OECD Guidelines are contained in the organization’s Code of Conduct adopted in 1976 to promote responsible business practices by companies in a global context.

They form part of the declaration by the OECD on international investments and multinational companies. They provide recommendations for responsible corporate actions with regard to transparency, labor relations, the environment, the fight against corruption, consumer protection, technology transfer, competition and taxation. 

The ILO Labor Standards were enshrined in a declaration of the International Labor Organization (ILO) in 1998.

They define social standards in the context of the world trade order, which aim to guarantee humane working conditions and adequate protections. The four basic principles are: freedom of association including the right to collective bargaining, the elimination of forced labor, the abolition of child labor and a ban on discrimination in relation to employment and jobs.

Since 1999, the UN Global Compact has been the world’s largest and most important network for responsible business conduct and corporate social responsibility.

Partnerships are initiated and practical approaches developed as part of a dialog between governmental and non-governmental stakeholders.

The participants publish an annual progress report about its ten principles. They deal with the topics of human rights, labor standards, environmental protection, and anti-corruption.

The implementation of the ten principles in our corporate governance is documented in the GRI and UN Global Compact Index 2020.

To anchor these principles in the company, Fraport has introduced two codes of conduct: one for employees and one for suppliers. These voluntary commitments fall under the umbrella of the Fraport Policy.

As part of its General Terms and Conditions (GTC) and depending on local conditions, Fraport AG requires its business partners and suppliers to adhere to the Fraport Supplier Code of Conduct. This includes regulations for the correct treatment of employees, observing human rights, environmental and climate protection, integrity of business transactions as well as a ban on corruption and bribery. Breaches of this code can lead to the termination of the business relationship. Likewise, breaches of antitrust law and serious misconduct carry the threat of contractual penalties and the right to claim specified amounts of financial compensation. Business partners and suppliers must also agree to require and verify adherence to these principles by their suppliers.

Fraport AG is fundamentally committed to the consistent procurement of products and services in line with sustainability criteria, and has signed a target agreement to this effect initiated by the Hessian Ministry of the Environment, Climate Protection, Agriculture and Consumer Protection.

The Fraport Group is committed to upholding international codes of conduct, specifically the principles of the UN Global Compact, of the Universal Declaration of Human Rights, the OECD Guidelines for multinational corporations and the labor standards of the International Labor Organization.

Respect for human rights is enshrined in the Group's binding Code of Conduct in which Fraport undertakes to uphold the fundamental rights of freedom of association and collective bargaining for the purposes of regulating the general conditions of employment in the Fraport Group. The code of conduct also stipulates open and trusting cooperation with legitimate employee representatives and that every effort will be made to strike a fair balance of interests throughout the Group. Fraport rejects all forms of forced and child labor and guarantees to protect the rights of children and adolescents.