Fraport publishes latest business and sustainability report: “2015 Compact – Gute Reise! We make it happen”
Fraport AG’s executive board chairman, Dr. Stefan Schulte, explained: “We intentionally chose the slogan of our new Mission Statement as the title for this latest report: ‘Gute Reise! We make it happen,’ which emphasizes that all our processes and infrastructure are designed to provide a ‘good trip’ to our customers. In this second report of its kind, we provide our stakeholders and interested members of the public with a summary of the Fraport Group’s business performance, as well as the company’s goals, activities, and progress in terms of responsible corporate management. This encompasses compliance with international codes of conduct, including the ten principles of the UN Global Compact, which we have been committed to since 2007.”
In addition to sections dealing with the new Mission Statement and the Fraport Group in general, the new report covers key issues deemed relevant for the company’s future development. Based on a survey of Fraport executives and stakeholders, these issues were newly defined, prioritized, and classified into four main topics, i.e., economic enhancement, employees, community, and environment. The company’s sustainability program has also been adapted accordingly, by defining fewer – yet more specific – goals along with documented performance indicators.
Moreover, the report emphasizes Fraport AG’s increasing focus on the Group’s international activities. In addition to its Frankfurt Airport home base, Fraport AG is active at 13 other airports worldwide located on four continents. As the latest addition to its international portfolio, Fraport AG is expected to take over the management and operation of 14 Greek regional airports in late 2016.
An overview of all key figures is added as a new feature to the end of the report. By linking financial and non-financial figures, this section allows readers to get a better insight into the Group’s overall development. While some tables provide information on the company’s business performance, profitability and other financial issues, others contain non-financial indicators from the Annual Report or key figures related to corporate governance (always enabling a year-on-year comparison). Fraport continues to comply with the standards of the Global Reporting Initiative (GRI) by publishing a separate GRI report online.
The “2015 Compact" report can be downloaded as a PDF at www.fraport.com/content/fraport/en/misc/binaer/responsibility/stakeholder-dialog/sustainability-reports/2015-compact/jcr:content.file/2015-compact.pdf
Fraport AG – which ranks among the world’s leading companies in the global airport business – offers a full range of integrated airport management services and boasts subsidiaries and investments on three continents. The Fraport Group generated sales of €2.6 billion and profit of about €297 million in 2015. In 2015, some 111 million passengers used airports around the world in which Fraport has more than a 50 percent stake. In its Mission Statement, Fraport places the focus on customers. The Group’s commitment to ensuring a “good trip” to all passengers and travelers is also reflected in the corporate slogan: “Gute Reise! We make it happen”. This commitment applies to all of Fraport’s business activities and services both at Germany’s largest aviation hub in Frankfurt and the Group’s airports worldwide.
At its Frankfurt Airport (FRA) home base, Fraport welcomed more than 61 million passengers and handled about 2.1 million metric tons of cargo (airfreight and airmail) in 2015. For the current summer timetable, FRA is served by 95 passenger airlines flying to 290 destinations in some 100 countries worldwide. Half of FRA’s destinations are intercontinental (beyond Europe) – underscoring Frankfurt’s role as a leading hub in the global air transportation system. In Europe, Frankfurt Airport ranks second in terms of cargo tonnage and is the fourth busiest for passenger traffic. With about 55 percent of all passengers using Frankfurt as a connecting hub, FRA also has the highest transfer rate among the major European hubs.
Frankfurt Airport City has become Germany’s largest job complex at a single location, employing more than 80,000 people at some 500 companies and organizations on site. Almost half of Germany’s population lives within a 200-kilometer radius of the FRA intermodal travel hub – the largest airport catchment area in Europe. FRA Airport City also serves as a magnet for other companies located throughout the economically vital Frankfurt/Rhine-Main-Neckar region. Thanks to synergies associated with the region’s dynamic industries, networked expertise, and outstanding intermodal transportation infrastructure, FRA’s world route network enables Hesse’s and Germany’s export-oriented businesses to flourish in global growth markets. Likewise, FRA is a strategic gateway for companies wanting to access the huge European marketplace. Thus, Frankfurt Airport – which is strategically located in the heart of Europe – is one of the most important hubs in the global logistics chain.
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