"Perspectives 2011" - Sustainability and Annual Report (pdf)

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$Luftfracht (pdf) - Flughafen MÃ¼nchen$

Introduction Company profile and strategyService portfolio Communication and social responsibilityThe project not only resulted in numerous swiftlyimplemented savings in procurement projects acrossthe Group, it also led to a crucial realignment in pro -curement strategy. This has seen changes in the rolesassigned to buyers, consistent mapping of goodscategories to procurement teams, and the integrationof subsidiaries’ purchasing processes into a centralGroup procurement system.These changes, which also affected our procurementunit’s organizational structure, combined with theworkload involved in handling two major projects atthe airport (the new satellite building and the thirdrunway) and natural employee turnover, meant thatwe had to hire 17 new people in 2011. FMG’s procure -ment unit will be busy implementing the plannedchanges into 2012.EmployeesOne important event from our employees’ perspectivewas the formation of a new subsidiary for groundhandling services, AeroGround Flughafen MünchenGmbH, on January 1, 2011.The situation in the ground handling sector in 2011was dominated by the high traffic volume, whichplaced exceptional demands on our ground handlingcrews, particularly during the summer months. Theburden was all the more acute because a shortageof readily available labor in the local market madehiring the people we needed a problem.Our People First project, launched for our groundhandling personnel in 2010, was widened and trans -formed into a company health management program.This project, along with the company integrationmanagement system we introduced in 2011,exemplifies the considerable emphasis we as anorganization place on the whole issue of employeehealth.We also progressed our careers and families project(known in the FMG Group as “befamily!”), which wasintroduced to better reconcile employees’ family in -terests with employer needs and expectations. Theproject involves a raft of specific measures. Oneprom inent example is our decision to build a children’sdaycare center at the airport.In 2011, FMG kept up its acknowledged high level ofsupport for young people, demonstrating once againits commitment to good corporate citizenship in theairport’s surrounding region.Customer satisfactionMunich Airport typically wins a number of awardseach year that underscore its special qualities.Readers of the magazine Traveller’s World pickedBavaria’s gateway as the sixth-best airport in a worldwidecomparison in 2011. We successfully retainedour position as the best in Europe, and in the globalrankings we were only bettered by Singapore, Seoul,Hong Kong, Dubai and Bangkok. Munich was theonly commercial airport in Germany to make it intothe Traveller’s World top ten.The independent London-based research organizationSkytrax also conducts annual polls across theaviation industry to rank airlines and airports on theirperformance. Worldwide, more than 11 million pas -sengers from over 100 countries took part in thesurvey for the 2011 World Airport Awards.Survey respondents rated more than 240 internationalairports and an even greater number of airlinecompanies. The airports were scored according tosome 40 categories, including handling operationsand service quality, airport shopping and entertainment,and ease of transit.120
Workforce and work environmentEnvironmental and climate protectionFinancial reviewSustainable developmentP Supervisory board’s reportq Consolidated management reportp Consolidated financial statementsp Independent auditor’s reportIn the global rankings, Munich was fourth, the sameslot as a year earlier, behind Hong Kong, Singaporeand Seoul.For the sixth time in seven years, Munich Airport wasalso chosen as the best airport in Europe in the Skytraxawards.Corporate governance and complianceThe term compliance describes the efforts undertakenby companies to ensure that their operating unitsand employees abide by laws, regulations, nationaland international norms and standards, and in-housepolicy, rules and guidelines.Effective January 1, 2011, FMG set up a dedicatedCompliance department. The new department is anexecutive support office attached to FMG’s centralLegal Affairs and Compliance division, but reports tothe executive and supervisory boards directly. Thedepartment is responsible for implementing, extendingand optimizing the FMG Group’s new compliancemanagement system. Our aim is to have the systemcertified to the IDW PS 980 standard during 2012.Management and oversight bodiesAs a limited liability company domiciled in Munich,Flughafen München GmbH is governed in accordancewith the requirements of Germany’s Limited LiabilityCompanies Act, relevant commercial law and corporatelaw statutes, and a number of co-determinationand collective bargaining statutes. Besides an execu -tive board, the company has a supervisory board,installed as an independent body to oversee theexecutive board.Under the articles of Flughafen München GmbH, thesupervisory board’s role is to monitor executivemanagement. The supervisory board consists ofeight members representing the company’s shareholders,plus a further eight representing the com -pany’s employees. Flughafen München GmbH’sshareholders are represented on the supervisoryboard in proportion to their percentage ownership ofthe company. On the employee side, the board hasmembers representing company employees (fiveseats), labor unions (two seats), and managementlevelemployees (one seat). The supervisory board’skey powers include the authority to appoint and dis -miss members of the company’s executive managementteam.Under the provisions of the company’s articles, certainsteps and transactions undertaken by executivemanagement that exceed set maximum monetaryvalues may only be conducted with the expressapproval of the supervisory board. In the event thatsupervisory board members are divided on a decisionand the numbers in favor and against are equal,the vote of the chair (representing the shareholders)counts double.The shareholders’ representatives on the supervisoryboard are appointed by the relevant federal and stateministries and administrative districts.Flughafen München GmbH’s executive board consistsof the President and Chief Executive Officer (whois also Personnel Industrial Relations Director andspokesperson for the executive board), and the VicePresident and Chief Financial Officer (who is alsoChief Infrastructure Officer). Details of the company’ssystem of executive pay and the remunerationreceived by individual members of the executiveand supervisory boards are provided in the annex tothe consolidated financial statements, here in thisreport.) www.munich-airport.com/compliance121
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EconomyCargo volumeup 5.9%to more t
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Environment60%65%of aircraft deicer
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PublisherFlughafen München GmbHP.O
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