Sustainable corporate governance – Munich Airport Integrated Report 2022

Sustainable corporate governance

With our sustainability strategy, we are pursuing the goal of generating value for the company and the region, ensuring environmentally conscious operation, and assuming social responsibility. Our sustainability strategy takes into account the material topics and includes the associated measures for their implementation as well as the defined targets in the strategic sustainability program. Topics are material if they influence the sustainable development of the airport’s economic, ecological, or social environment.

Audited by PwC

Munich Airport’s external stakeholders and FMG management regularly assess the relevance of the topics defined as material. The results of the survey are incorporated into a Materiality Matrix. The topics with the highest relevance are brought into focus within the sustainability strategy.

Furthermore, key performance indicators are defined to make the achievement of strategic goals and the effectiveness of the measures measurable. In addition to the economic perspective, EBT (Earnings before taxes), and PEI (Passenger experience index) as a measure of customer satisfaction, CO₂ reductions are also used as an ecological indicator and the accident frequency indicator LTIF (Lost time incident frequency) as a social control indicator.

Materiality matrix 2022

Importance for external stakeholders

very highhighmedium

Sustainable use of resources

Sustainability program Management approaches

Sustainable infrastructure and construction projects*

Sustainability program Management approaches

Noise emissions and noise control

Sustainability program Management approaches

Biodiversity

Sustainability program Management approaches

Customer orientation and service quality*

Sustainability program Management approaches

Greenhouse gas (CO₂) and air pollutant emissions

Sustainability program Management approaches

Digitalization

Sustainability program Management approaches

Attractive employer*

Sustainability program Management approaches

Occupational health and safety

Sustainability program Management approaches

Aviation development, safety and security

Sustainability program Management approaches

Transparent corporate governance*

Sustainability program Management approaches

Importance for internal stakeholders

medium

high

very high

Sustainable infrastructure and construction projects*

Finances

Costs of expansion
Income from rents and leasing

Infrastructure

Goal: Better connections with the airport via rail
Further development of the airport campus makes it attractive as a base for companies and shops.

Environment

There is an environmental impact, but this is reduced by sustainable building.

Sustainability program Management approaches

Noise emissions and noise control

Finances

Introduction of low-noise aircraft at MUC (e.g. Airbus A350), noise-dependent landing charges.

Environment

Noise emissions impact the environment.

Society

Local residents are exposed to noise emissions.

Sustainability program Management approaches

Biodiversity

Environment

Ecological diversity conserves nature and enhances the environment.

Society

Society benefits from equilibrium between environment and nature.

Sustainability program Management approaches

Transparent corporate governance*

Employees

Employees receive training on a binding code of conduct. This increases their confidence in their actions. An electronic whistle-blower system is available.

Society

A corporate structure with clear responsibilities satisfies the expectations of the general public with regard to transparency and responsibility.

Sustainability program Management approaches

Sustainable use of resources

Finances

Cost reduction due to sparing use of drinking water
Investments in building of process water wells

Environment

Reduced environmental impact
Avoidance and recycling of waste is a top priority

Sustainability program Management approaches

Customer orientation and service quality*

Finances

Customer focus creates incentives to purchase, for example, increasing customer loyalty and thus helping to boost the business’ cost-effectiveness.

Employees

Employees experience appreciation for their input, which motivates them.

Society

Customers benefit from an offering tailored to their needs.

Sustainability program Management approaches

Greenhouse gas (CO₂) and air pollutant emissions

Environment

Environment is harmed by operations; climate protection strategy significantly reduces environmental impact.

Society

Reduction of environmental impact benefits the region’s residents.

Sustainability program Management approaches

Digitalization

Finances

Digital offering opens up new lines of business.

Expertise

The airport’s ongoing digital development is broadening the company’s in-house expertise.

Society

Company is contributing to digital progress.

Sustainability program Management approaches

Attractive employer*

Finances

Training costs

Employees

Employees are treated equally regardless of their age, gender, and background, and receive the same opportunities and salaries.
Employees experience appreciation for their input, which motivates them and encourages loyalty to the company.

Society

Equality and promotion of diversity at the workplace support integration into society.
Company is attractive to potential external applicants.

Sustainability program Management approaches

Occupational health and safety

Finances

FMG invests in the occupational health and safety of its employees, enabling the number of days of absence and costs to be reduced.

Employees

Employees benefit from a wide-ranging health program.

Sustainability program Management approaches

Aviation development, safety and security

Finances

Expected long-term growth in air traffic at the site has a positive impact on finances.
Obtaining operating license by promptly submitting the necessary proof and documentation

Expertise

Application of the latest safety standards and experience in their implementation

Employees

Job preservation

Environment

Environmental impact greater due to growth in air traffic

Society

Society benefits from services to numerous destinations and the growing importance of the location.
Maximum security instills confidence

Sustainability program Management approaches

* Topic adjusted/merged

Materiality process: Identifying and integrating topics

In a materiality process, FMG annually identifies and prioritizes relevant issues from external and internal perspectives. FMG reports in accordance with the GRI standards (Global Reporting Initiative).

In 2022, existing topics were updated, expanded, and partially summarized. In fiscal year 2023, eleven material topics form a central component of the airport’s sustainability activities. The adaptation of the material topics is the result of a strategic reassessment. The changes can be found in the GRI Content Index.

1. Identification
In addition to surveying key stakeholder groups, the material topics are aligned with societal trends and aviation industry developments and validated through an AI-based benchmark. Topics are adapted, supplemented, or incorporated for the first time.

2. Prioritization
Key aspects of sustainable development are regularly discussed as part of an internal sustainability committee. The Executive Board discusses these issues with experts and members of the senior management team and decides on the strategic direction to be taken for the sustainable development of the Group.

3. Implementation
Specific goals and measures are outlined within the strategic sustainability program for each material topic as well as the progress made implementing these. Following the decision and approval of management, the respective managers are responsible for implementing the associated measures to achieve the targets.

Quality

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Stakeholder dialogue

GRI index

Key figures comparison

Business model

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