Defining targets for the proportion of women on the Supervisory Board, Executive Board, and the two levels below the Executive Board

According to the German Stock Corporation Act, Fraport AG, as a listed company to which the German Co-Determination Act applies and whose Executive Board consists of more than three persons, must have at least one woman and at least one man as a member of the Executive Board (minimum participation requirement). Fraport AG complied with this requirement during the reporting year.

The targets for the proportion of women at the two management levels below the Executive Board as well as the deadlines for reaching these targets must be determined based on this law.

It is not necessary to set targets for the proportion of women on the Supervisory Board at Fraport AG because that board is already subject to a fixed gender quota in accordance with Section 96(2) of the AktG.

Targets for the Executive Board

If the minimum participation requirement applies to the Executive Board, the obligation to set targets for the Executive Board ceases to apply in accordance with the provisions of the German Stock Corporation Act.

The Supervisory Board set a target of 25% of women on the Fraport AG Executive Board at its meeting of September 18, 2015, and this target remained even after the obligation to set targets for the Executive Board had been eliminated. This target should have been reached by June 30, 2017. With the appointment of Dr. Pierre Dominique Prümm on July 1, 2019, the Executive Board was expanded to five members. As a result, between July 1, 2019 and the end of September 2022, the Executive Board comprised one female member and four male members, thus failing to meet the target during that period. Since Mr. Michael Müller left the Executive Board at the end of September 2022, the target figure for the proportion of women on the Executive Board of Fraport AG has once again been met. With the appointment of Julia Kranenberg to the Executive Board on November 1, 2022, the proportion of women on the Executive Board of Fraport AG was increased to 40%.

Targets for the first and second management levels below the Executive Board

The Executive Board sets the targets for the proportion of women at the two levels below the Executive Board in accordance with Section 76(4) of the German Stock Corporation Act and Principle 3 of the GCGC.

At the turn of the year 2021/2022, the Executive Board set a target for Fraport AG of 31.8% of women in the first management level below the Executive Board (“direct reports”) and a target of 30.9% of women in the subordinate management level (“direct reports” to the first management level) for the period from January 1, 2022 to December 31, 2026. Regarding the Group as a whole, the Executive Board also set a target of 30.8% of women in the first management level below the Executive Board (“direct reports”) and a target of 30.2% of women in the subordinate management level (“direct reports” to the first management level) for the same period.

As at the balance sheet date of December 31, 2022, the actual proportion of women in the first management level at Fraport AG was 19.0%, and 30.8% in the second management level. As at the balance sheet date of December 31, 2022, the actual proportion of women in the first management level within the Group was 23.1%, and 31.6% in the second management level.

Gender ratio on the Supervisory Board

In accordance with Section 96(2) of the AktG (Principle 11 of the GCGC), where members are newly elected and posted to the Supervisory Board of Fraport AG, the statutory gender quota must be met, with a minimum of 30% women and 30% men on the Supervisory Board.

The Supervisory Board decided at its meeting of September 18, 2015 that these ratios are to be met separately for shareholders and for employees. This requirement was fulfilled in the course of the new elections of the Supervisory Board in 2018 as well as the subsequent court appointments and the special elections to the Supervisory Board in 2020 and 2021. The Supervisory Board currently comprises three female and seven male shareholder representatives and three female and seven male employee representatives.

In consideration of the 2023 elections to the Supervisory Board, in November 2022 the Supervisory Board resolved, by means of a written procedure, that the quotas are to be met separately for the members representing the shareholders and those representing the employees. This means that, at the Annual General Meeting held on May 23, 2023 for the election of shareholder representatives and the election held in 2023 for employee representatives on the Supervisory Board, at least three women and at least three men must be proposed for election.