Fraport AG

RATING

SECTOR

Transportation

WEBSITE

CONTACT

Frankfurt Airport Services Worldwide

Frankfurt am Main 60547

Germany

STOCK EXCHANGE

LISTING

  • FTSE4Good Index
  • CDP C List
  • Prime Status by Oekom Research
  • Corporate Knights Global 100
  • ‘Ethibel Sustainability Index (ESI) Excellence Europe 
  • Euronext Vigeo Eiris – Eurozone 120
  • Deutschland Ethik 30
  • Dow Jones Sustainability Index World
  • Pwc Sustainability Yearbook-Sam Silver Class 2010
  • Pre-Certificate in Gold by German Sustainable Building Council
  • Total E-Quality for equal opportunities

EMPLOYEES

22,514

CHIEF SUSTAINABILITY OFFICER

 Dr. Stefan Schulte 

AWARDS

  • Prime Status- ISS-oekom
  • Airport Carbon Accreditation

CONTENT SOURCE

FURTHER READING

Fraport AG

SECTIONS :  Sustainability    Evaluation  •  Progress  •  Watch  •  Overview

Company Activity

Fraport AG operates airports in Germany, rest of Europe, Asia, and the United States. The company primarily focuses on the operation of Frankfurt Main airport. It operates in four segments: Aviation, Retail & Real Estate, Ground Handling, and International Activities & Services. The Aviation segment operates landside and airside infrastructure, which covers the area of airport charges. The Retail & Real Estate segment engages in retail activities, including marketing of real estate and land. It manages buildings and facilities, and parking and retail areas; and rents advertising space. The Ground Handling segment provides loading, baggage, and passenger services through airmail and luggage transport to freight handling. The International Activities & Services segment operates, maintains, develops, and expands airports and infrastructure facilities in Germany and internationally. This segment also offers integrated facility and corporate infrastructure management, and information and telecommunication services. Fraport AG was founded in 1924 and is headquartered in Frankfurt am Main, Germany.

Company Sustainable Activity

Fraport AG has made a commitment to comply with the most important internationally recognized codes of conduct to promote responsible corporate governance at all Group sites – the principles of the UN Global Compact (since July 2007), the OECD principles, and the ILO core labor standards. The Supervisory Board of Fraport AG adopted the Corporate Governance Code of Fraport AG as early as 2002. The Code describes the key principles for the management and monitoring of the Company and includes internationally and nationally recognized standards for good and responsible corporate governance. The Fraport Code also includes the key rights of the shareholders who provide the company with the necessary equity capital and bear the entrepreneurial risk. The Fraport Code is firmly based on the German Corporate Governance Code. In addition, Fraport signed the Business Conduct Rules of the biggest European purchasing association, the German Association of Materials Management, Purchasing, and Logistics (BME) in 2009. The Rules are based on the principles of the UN Global Compact and include fundamental anti-corruption rules, antitrust agreements, rules on child labor and forced labor, and rules on compliance with human rights, environmental protection, health protection, and fair working conditions. The companies signing up to the agreement have made a commitment to promote the “Business Conduct Rules” with their suppliers in the best possible way. Equal opportunities, diversity, and achieving the right work-life balance for career and family are key elements of our employment policy. In 2007, Fraport signed the Charter of Diversity and in 2013 the Charter on Compatibility of Career and Caregiving Activities in Hesse. Signatories of this charter aim to support their employees in taking responsibility for relatives who need care. Since 2006, Fraport has been contributing its climate reporting to the “Carbon Disclosure Project” (CDP), the world’s leading climate reporting initiative in the financial industry. In addition, since 2009 Fraport has participated in Airport Carbon Accreditation, a program of ACI, with the objective of persuading the maximum number of European airports to adopt CO2-neutral operation. 

Fraport AG’s multi award winning occupational health management initiates a wide range of health promoting activities and measures with various focal points. For example, cooperation with gyms made it possible for employees to exercise close to their place of residence. Those who exercise regularly are rewarded with a contribution to membership fees. 

In 2018, the premiums for the collective operational supplementary health insurance were expanded to include greater dental prostheses reimbursements. In total, around 2,000 contracts were concluded with employees and their relatives. All employees in Germany were given a “Fitbox” with suggestions for improving their own health. This also includes a calendar with suggestions for prevention. Each month, a new topic is presented and accompanied with corresponding information and activities. If possible, given the state of operations, and management has given approval, Fraport AG employees can visit the health lectures during working hours. 

Fraport AG collaborates with the region affected by aircraft noise, representatives of the state government, and other members of the aviation industry in two committees. The Aircraft Noise Commission (FLK) is a legally appointed body that advises the Hessian Ministry of Economics, Energy, Transport and Regional Development (HMWEVW), the Deutsche Flugsicherung and the Federal Supervisory Office for Air Traffic Control. The FLK advises the aforementioned bodies on measures to protect against aircraft noise and air pollution resulting from aircraft exhaust gases. 

Fraport places a particular focus on promoting women in management positions at the two levels directly below the Executive Board as well as at the respective management levels at the German Group companies. For reporting purposes, executives who report directly to the Executive Board are categorized as level 1. Executives who report to this first level of leadership are categorized as level 2. Regarding the Group companies in Germany, the levels of management are categorized based on comparable positions at Fraport AG. This corresponds to the objectives in the “Act on Equal Participation of Women and Men in Management Positions in the Private and Public Sector”. The company remains committed to its objective to increase the proportion of women in management positions in Germany across both levels to 30% by 2021. Fraport respects national laws and does not want to impose any quotas based on German law at the foreign Group companies. 

The long term measures that are
already proving to be successful include the Cross Mentoring Program, internal mentoring and coaching within the context of the continuous development of female executives. This includes
offers that permit holding an executive position on a part­time basis within the scope of an 80% or 90% workload. In the future, it will also be possible to work within the framework of an interim management.

Operating an airport requires a lot of water and at the same time generates a lot of wastewater. When using “water as a good requiring protection”, Fraport factors in all aspects of modern water management. This includes both consumption control and quality control of the water that enters the ecosystem. At Airport Frankfurt, water is used sparingly; for this, water saving technologies are used in sanitary systems and circulatory systems in vehicle washing facilities, among other things. Fraport AG also replaces drinking water with service water, where possible. At CargoCity South and Terminal 2, rainwater is collected and supplemented by water from their own groundwater wells or treated water from the Main river. The service water is used in sprinkler systems, toilet flushing systems and for watering the green areas. 

Management activities at Fraport AG mainly deal with the emissions the company is directly responsible for, but it also looks at emissions that it is only indirectly connected to and which it can therefore only indirectly influence. Based on the Federal Government’s climate change agreement 2050, Fraport AG wants to reduce the CO2 emissions at Frankfurt Airport to 80,000 tons by 2030. This corresponds to a reduction by 65% compared to the emissions in the base year of the international climate change agreement (1990). In the past fiscal year, Fraport AG’s CO2 emissions amounted to approximately 188,631 tons of CO2, 0.8% less than in the previous year. The emission reductions from the energy savings from the ongoing programs to improve energy efficiency were nearly offset by the increased energy demand due to the unusually long and hot summer as well as by strong passenger growth at Frankfurt Airport. 

The current Group target corresponds to a reduction of around 50% compared to the base year of 2015. In 2018, emissions in the fully consolidated Group companies amounted to 244,029 metric tons of CO2 (previous year: 209,668). The increase in emissions is attributable to the first time incorporation of the Group companies Fortaleza and Porto Alegre. The emission value of these airports was 36,445 tons of CO2. Without these airports, emissions would have decreased by 1.0%. A way of successfully managing CO2 is
to participate in the Airport Carbon Accreditation program of the ACI (Airports Council International), in the development of which Fraport played a major role. Wherever possible, Fraport AG extends the green areas at the Frankfurt site. For example, the new buildings in CargoCity South are increasingly being planned with ecological green roofs. Fraport AG will upgrade some 2,300 hectares of land in the immediate and wider vicinity of the airport from a nature conservation perspective as a legal requirement under the zoning decision for the airport expansion. High Quality habitats such as deciduous forests, orchards, marshes, and nutrient­ poor grassland are being developed. 

To gain information on the proportion of certain polluters to the overall exposure in a region, computational models have been developed that include all the relevant sources of pollution and their emissions for a given zone. The LASPORT program takes into account various airport related emission sources in the lower atmosphere, prepares spread computations, and illustrates the exposures.
It was developed on behalf of the Association of German Airports (ADV) in 2002 and is now being expanded in collaboration with specialists from Fraport AG. 

From an organizational standpoint, the “Environmental Impact, Noise, and Air Quality” department of the Airside and Terminal Management, Corporate Safety, and Security strategic business unit is responsible for this task. The CO2 emissions are surveyed and monitored in the Environmental Management department. The department is part of the Corporate Development, Environment, and Sustainability central unit. The Executive Board is directly involved as it receives an annual report on the matter. 

As an airport operator, Fraport can only indirectly influence emissions from aircraft. In order to motivate airlines to use low emission aircraft, airport charges are levied on nitrogen oxides and hydro­ carbon at the Frankfurt site. The emissions­ based fee is charged per kilogram of nitrogen oxide equivalent emitted during takeoff and landing (“landing and take­off cycle”, LTO) by an aircraft. The charges are levied per landing and per takeoff. The necessary information on aircraft and engine types is determined by way of a recognized fleet database.

Certificates

  • CEIV Pharmaceutical Certificate
  • ISO 14001
  • EMAS

Sustainable Development Goals

How company covers SDGs

Fraport operates several airports around the world. They hold lots of important certificates such as ISO,EMAS for some of their airports. they received lots of important and accountable awards. They are clear on their objectives, link them to specific SDGs and provide us with specific Key Performance Indicators (KPIs) on the progress that has been made.

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