Sustainable developmentReport profile

Report parameters GRI 102-46; 102-48; 102-49

«Shaping the Future» is the ninth integrated report to be published by Flughafen München GmbH (FMG), with a full online version and an abridged print version. This means: The online report (referred to below as the integrated report) encompasses all the reporting content. The print report does not include the report profile, the GRI Content Index, the sustainability program or the notes to the consolidated financial statements. The integrated report is produced annually. The reporting period comprises the fiscal year from January 1 to December 31, 2018. The last integrated report was published on July 5, 2018.

The heads of the Corporate Communications and Corporate Development divisions are responsible for the integrated report. The Executive Board audits and approves it, and the final approval is then granted by the Supervisory Board of Flughafen München GmbH.

Further information can be found on the Munich Airport website (e.g. detailed reports from the specialist departments). There are also numerous publications available to download.

Content of the report GRI 102-48; 102-49

In addition to the voluntary consolidated financial statements in accordance with Article 315e (3) of the German Commercial Code (Handelsgesetzbuch – HGB) as per the internationally recognized accounting standards, which the Group is legally obliged to prepare, the integrated report also includes information on sustainability. The material sustainability issues for the company are identified by means of a materiality analysis and described in the annual report, along with an explanation as to why these issues are relevant to FMG.

These material issues for the reporting process are also important for strategic sustainability management. The materiality analysis serves to identify the topics that are important for FMG. These are economic, environmental, and social issues that are relevant to the company’s short-, medium-, and long-term value creation. They are also issues that potentially influence decisions by stakeholders. Moreover, issues that have an economic, environmental, and social impact are also considered material. They are described in this report.

It is presumed that Munich Airport can actively influence all the material issues within the relevant business units (Aviation, Commercial Activities, Real Estate, Participations, Services & External Business). The sustainability program outlines FMG’s initiatives and measures for managing the material issues.

Reporting principles

Integrated reporting according to IIRC

Since 2010, FMG, as a member of the <IR> Business Network, has conducted its integrated reporting using the principle-based approach set out by the International Integrated Reporting Council (IIRC) and, by extension, the International <IR> framework. D. The <IR> framework concept of the IIRC requires companies to communicate the essential activities with which they create financial and non-financial value in the short, medium, and long term. FMG’s report is based on the IIRC’s guiding principles and the necessary content elements. 

Sustainability reporting

This report was prepared in accordance with the GRI standards: Comprehensive option. Furthermore, Munich Airport takes account of the GRI’s sector disclosures for airport operators. The GRI Content Index makes reference to the parts of the report that contain relevant information and explains if and how these are assessed. As it applies the German Sustainability Code (GSC), FMG also refers to the transparency criteria required under the GSC in the GRI Content Index. 

The standards published by the GRI in 2016 form the basis for reporting on sustainability performance.

Information in the financial report

Pursuant to Article 315e (3) of the German Commercial Code (Handelsgesetzbuch – HGB), FMG voluntarily prepares the consolidated financial statements in accordance with international accounting standards. The company applies the International Financial Reporting Standards (IAS/IFRS) and interpretations (SIC/IFRIC) published by the International Accounting Standards Board (IASB) and by the International Financial Reporting Standards Interpretations Committee (IFRS IC) as adopted by the European Union. It also observes the regulations of Article 315e (3) sentence 2 in conjunction with (1) HGB.

The 2018 Group Management Report was also created in accordance with the requirements of German Accounting Standard DRS 20. 

Data collection and calculation methods GRI 102-48; 102-49

In general, the data collected refers to the period described above or to the situation at the end of the reporting period. Where any information is based on a different time period, this is stated explicitly. Unless otherwise indicated, the information and figures in this report refer to the entire group, including affiliated companies in which FMG holds a controlling interest. Explanations are provided should the scope of consolidation differ.

All data and information was collected by the relevant organizational units for the reporting period using representative methods. Changes are highlighted in the corresponding footnotes. 

Human resources data is primarily collected and evaluated by an electronic HR management system.

Environmental data is recorded systematically in the environmental management system according to EMAS Regulation (EC) No. 1221/2009 and DIN EN ISO 14001:2015 and is subject to external validation or certification by a certified environmental auditor.

Greenhouse gas emissions are calculated as per the specifications of the Greenhouse Gas Protocol. Heat values and emission factors subject to emissions trading are recorded in accordance with German Emissions Trading Authority (DEHSt) guidelines. The data published in the report forms the basis for annual participation in the Carbon Disclosure Project (CDP). 

All statements made in this report on future matters take risks and uncertainties into account and are based on the information and forecasts available at the time of publication. While all forward-looking statements are made with great care, deviations may arise for a number of different, unforeseeable reasons. 

The figures listed in this report have been rounded according to standard commercial practice. In isolated cases, this may result in values not adding up exactly to the stated total. This also applies to percentages. 

External audit and certification

The Group management report and consolidated financial statements were audited by KPMG AG Wirtschaftsprüfungsgesellschaft in accordance with section 317 of the German Commercial Code (Handelsgesetzbuch, HGB) and in compliance with the German standards for the proper audit of financial statements as defined by the German Institute of Public Auditors (Institut der Wirtschaftsprüfer – IDW). The audit was completed on April 26, 2019, and no objections were raised.

KPMG AG Wirtschaftsprüfungsgesellschaft also 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. Information and figures audited as part of this process are marked in the «External audit» column of the GRI Content Index with the following symbol:  

As part of the annual environmental statement, information on the environmental management system was validated in accordance with the EMAS Regulation (EC) No. 1221/2009 and ISO 14001:2015 by accredited environmental auditor Dr. Reiner Beer (DE-V-0007) of Intechnica Cert GmbH (DE-V-0279). The data additionally audited by Intechnica Cert GmbH is marked in the «External audit» column of the GRI  Content Index with the following symbol: 

The report was submitted for the GRI Materiality Disclosures Service and GRI confirmed the correctness of the position of the Materiality Disclosures (GRI 102-40 to GRI 102-49).

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