Values and Principles

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 Report.

Fraport has gained recognition for its Sustainability Report and the GRI Report (GRI Standard, Core) in accordance with the German Sustainability Code and has submitted the Declaration of Compliance.

Further information can be found on the website of the German Sustainability Code. 

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.