Flughafen München GmbHGeneral | General Information
|Company name||Flughafen München GmbH||
|Number of employees||5000 - 50.000|
|Indicator set||GRI 4|
|Directly affected by the disclosure of non-financial and diversity information||Not specified|
Flughafen München GmbH
Referentin Strategisches Nachhaltigkeitsmanagement
Describe your business model (including type of company, products / services)
Munich Airport operates in the aviation, commercial activities, and real estate business areas. The service portfolio offered by the Group covers virtually all the services available at the airport campus – from air travel including passenger and cargo handling through to retailing, hotels, and catering services. This integrated business model and depth of added value distinguish Munich Airport from its European competitors.
Munich Airport is committed to a corporate policy of sustainability. The focus on economic, societal, and social goals aims to ensure public acceptance of Munich Airport and consequently the viability of its business model.
2015 was a successful year for Munich Airport. For example, 2015 was the first year it broke the 40 million mark – 41 million passengers equates to an increase of three percent. Its cargo throughput grew by as much as nine percent, reaching a new peak of around 337,000 tonnes. The number of aircraft movements also increased – by one percent to almost 380,000 – an important trend that should grow stronger throughout 2016.
This positive traffic trend is one of the factors that led to Munich Airport achieving yet another excellent financial result in 2015. Group revenue once again grew year on year to around 1.25 billion euros, while the overall earnings after taxes (EAT) were 135.4 million euros. This makes Munich one of the most profitable airports in Europe.
Integrated Report 2015, p. 11, 24-25, 28, 34-35, 51-54, 85-87, 97, 105-106, and 157.
As a member of the <IR> Business Network, FMG also conducts its integrated reporting using the principle-based approach set out by the International Integrated Reporting Council (IIRC), which forms the basis of the <IR> framework. The report is based on the IIRC’s »guiding principles« and the necessary »content elements«.
As a signatory of the German Sustainability Code (GSC), FMG also refers to the transparency criteria required under the GSC in the GRI G4 content index.
The information on the financial and earnings position is based on the requirements set out in the International Financial Reporting Standards and interpretations published by the International Accounting Standards Board and the International Financial Reporting Standards Interpretations Committee and adopted into European law by the European Commission. The supplementary requirements according to Article 315a (1) of the German Commercial Code (Handelsgesetzbuch, HGB) also apply. The 2015 Group Management Report was created in accordance with the requirements of German Accounting Standard DRS 20.
In the Integrated Report 2015, an auditing firm conducted an audit with limited assurance on selected information and figures related to the sustainability performance that are of material relevance to FMG. The »International Standard on Assurance Engagements« (ISAE) 3000 was used as a basis for the audit.
The auditing framework covers the following content:
- Assessing the methods for determining material sustainability issues and corresponding reporting boundaries, including the results of stakeholder engagement
- Conducting a risk assessment, including a media analysis, of relevant information on Munich Airport’s sustainability performance in the reporting period
- Conducting a survey of managers and employees at Munich Airport who are responsible for managing aspects defined as material
- Evaluating the design and implementation of systems and processes for determining, processing, and managing the selected information and figures from the sustainability program, including data consolidation, included in the scope of the audit.
- Interviewing employees at Group level who are responsible for collecting and consolidating data and for conducting the internal checking activities related to said data
- Evaluating internal and external documents in order to determine whether the information and figures regarding the sustainability performance are backed up by sufficient evidence
- Analyzing data and trends which have been reported for consolidation at Group level from Munich Airport’s subsidiaries
- Evaluating the overall presentation of the selected information and figures related to the sustainability performance in the report