Responsible Corporate Governance

Fraport is a community and partnership-oriented group. Fraport aims to remain competitive at all sites and in all operational units and thereby secure jobs with fair and just working conditions. Fraport offers good working conditions based on collective bargaining agreements, professional and personal development pathways, and a highly developed corporate ethic. The long-held objective of Fraport to offer all employees a high level of workplace security is a significant factor for the appeal of Fraport as an employer, especially in the current conditions of the labor market. Comprehensive, integrated occupational health and safety is also an important component of overall corporate responsibility at Fraport. Comprehensive protective measures have been taken at both the Frankfurt site and the Group airports.

At the start of 2024, the Executive Board announced the new Group strategy Fraport.2030. The aim of this new Group strategy is to inspire our customers and, from a financial perspective, to achieve the targets set for EBITDA and free cash flow in 2030. This aim is reflected in the three key strategic priorities: growth and sustainability, efficiency and innovation, and top employer.

In addition to the stated financial goals, the corporate strategy also includes ecological and social priorities and reflects the basic understanding of Fraport of balanced corporate management. The Fraport Group’s pursuit of “growth and sustainability,” “efficiency and innovation,” and “top employer” makes sustainability a strategic priority for the Group. To this end, the Fraport Group is committed to maintaining a sustainable, conserving, and preventive approach to natural resources and the environment. The topic of sustainability has already been of particular significance for Fraport in recent years. The stated goal for Fraport AG and the Fraport Group is to achieve neutrality with regard to all greenhouse gases (net zero) within scopes 1 (direct emissions) and 2 (indirect emissions) by 2045. Ambitious milestones for greenhouse gas reductions on the path toward greenhouse gas neutrality by 2045 were agreed for both Fraport AG and the Fraport Group with a view to achieving this goal. In 2022, a “decarbonization master plan” was adopted to enable Fraport to meet its sustainability goals.

Starting with Fraport AG, the “decarbonization master plan” was successfully rolled out to all areas of the Fraport Group in the course of fiscal year 2023. Under the plan, the foreign equity holdings have defined measures for a carbon reduction path similar to the process at the Frankfurt site. A Decarbonization Board was created to ensure continuous monitoring of the implementation of the “decarbonization master plan,” which regularly reports to the Executive Board on the implementation status of the measures. Examples of the numerous concrete measures taken to reduce CO₂ emissions include the establishment of a ground-mounted photovoltaic system next to the North-West landing strip, the increasing purchase of green electricity, and the expansion of the infrastructure for alternative drive systems of vehicles at the Frankfurt site. Based on the findings of the Decarbonization Board, the Executive Board decided in 2024 to include not just CO₂ emissions but all greenhouse gases in the reduction targets, and so to focus on greenhouse gas neutrality (net zero) as a new, overarching Group target. Accordingly, the Fraport Group is committed to achieving the target of net zero in scopes 1 and 2 at its home site in Frankfurt and at all other fully consolidated sites worldwide by 2045. Fraport is thus pursuing the Net Zero Initiative of ACI Europe (Airports Council International Europe) and numerous other international airports.

In addition to the pursuit of financial objectives, the Executive Board takes account of the non-financial criteria defined by the Board in its resolutions. Using non-financial indicators, such as greenhouse gas emissions, which are measured as at December 31 and June 30, and employee satisfaction, which is determined every two years, the company measures the degree of target achievement. Corporate planning includes projects and measures aimed at achieving the financial and sustainability-related goals. The level of remuneration of the members of the Executive Board is also linked to the achievement of key Group targets – in particular sustainable growth in Frankfurt/Main and internationally, as well as increased profitability and competitiveness. The changes made to the Executive Board remuneration system in 2024, which apply from January 1, 2025, are aimed in particular at further incentivizing the implementation of the sustainability strategy of the Fraport Group.

Lastly, Fraport AG is involved in community, cultural, and social initiatives by sponsoring associations and supporting volunteer activities.

Further corporate governance practices are publicly available on the company’s website at www.fraport.com.