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Report profile

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

«What a difference» is the tenth integrated report to be published by Flughafen München GmbH (FMG), with a full online version and an abridged print version. The print version does not include the report profile, the GRI Content Index, the sustainability program, an overview of the material topics, the sustainability figures, as well as the notes to the consolidated financial statements, and the assurance reports. The online report (referred to below as the integrated report) encompasses all the reporting content. The integrated report is produced annually. The reporting period covers the fiscal year from January 1 to December 31, 2019. The last integrated report was published on June 24, 2019.

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 (for example, detailed reports from the specialist departments). There are also numerous publications available to download.

Content of the report GRI 102‑48; GRI 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 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 are economic, environmental, and social issues that are relevant to the company’s short-, medium-, and long-term value creation. They are also the issues that can potentially influence decisions by stakeholders. Moreover, issues that have an economic, environmental, and social impact are also considered material. These are described in this report and are of central importance for strategic sustainability management.

It is presumed that Munich Airport can actively influence all the material issues within the relevant divisions (business, corporate, and service divisions, as well as the subsidiaries and affiliated companies, and support offices). 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 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 framework. The framework concept of the IIRC requires companies to communicate the main 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 G4 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 have been assessed. As it applies the German Sustainability Code (GSC), FMG also refers to the transparency criteria required under the GSC in the GRI context index.

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 2019 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; GRI 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 reasons that could not have been foreseen at the time of publication.

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 May 28, 2020 and no objections were raised.

KPMG AG Wirtschaftsprüfungsgesellschaft also conducted an audit with limited assurance on 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 annual auditing and within the 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:

DIN EN ISO 14001
DIN EN ISO 14001 stipulates the fundamental structures and requirements for an environmental management system, with which an organization can improve its environmental performance, fulfill its legal and voluntary obligations, and achieve environmental objectives. At the same time, ISO 14001 also acts as the basis for the certification of environmental management systems.
Eco-Management and Audit Scheme (EMAS)
The joint system for voluntary environmental management and audits is an instrument developed by the European Commission for companies that wish to improve their environmental performance. EMAS expands the requirements of DIN EN ISO 14001 more stringently, for example in terms of external environmental audits, the continuous improvement of environmental performance, and transparent communications about environment-related developments.
Global Reporting Initiative (GRI)
An independent institution that publishes globally recognized guidelines on sustainability reporting. The GRI standards create a shared language for organizations and stakeholders that can be used to communicate and understand the economic, environmental, and social impacts of organizations. Its aim is to establish a common baseline for communication and to ensure the comparability of sustainability reports.
Greenhouse Gas Protocol (GHG Protocol)
Globally recognized instrument used to quantify and manage greenhouse gas emissions. The GHG Protocol defines requirements governing the calculation of greenhouse gas emissions on an organization-wide scale and the implementation of projects to reduce emissions.

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