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

Introduction Company profile and strategyService portfolio Communication and social responsibilityReport profile) See p. 172Contents and structure of the reportQuick to recognize the value of integrated corporatereporting as means of presenting a more all-encompassingpicture of an organization’s performance, Flug -hafen München GmbH is currently taking part in aworldwide pilot project initiated by the InternationalIntegrated Reporting Council (IIRC). The IIRC has setout to promote a new approach to reporting that meetsthe interests and expectations of all of an organization’sstakeholders, especially those of financial mar -ket investors. This approach presents a detailed pictureof the social and environmental context alongside anorganization’s economic performance. Perspectives2011 is Flughafen München GmbH’s second combinedreport.The ground covered by the combined report is de -fined, firstly, by our sustainability matrix, sustainabilitypro gram and sustainability target performance and,sec ondly, by business and financial reporting requirements.Besides detailing our integrated corporatestrategy and our diverse businesses, the report focuseson our plans to expand the airport’s infrastructureand on the efforts undertaken by the FMG Group toengage with its local communities and wider surroundingregion, to advance and retain employees, to protectthe environment, and to combat climate change.Other sections in the report include our consolidatedyearend accounts and management report, and keyperformance indicators for all three of our sustainabilityfocus areas.The report follows Global Reporting Initiative (GRI)Version G3.1 guidelines and the sector supplementsfor airports. It covers all core indicators, plus additionalindicators where relevant and applicable. The ) GRIindex contains page references for all the individualGRI indicators covered in the report. Perspectives2011 complies with Application Level A+ of the GRIguidelines. The GRI has reviewed the report to verifythat it conforms to their guidelines and has confirmedthat the report is a complete and correct implementationat level A+.The information provided on the FMG Group’s assets,finances and earnings follows German commerciallaw requirements and has been audited by the firmDeloitte & Touche GmbH in accordance with Section317 of the German Commercial Code (HGB) and withprinciples for the auditing of financial statements de -fined by the Institute of Public Auditors in Germany(IDW). The audit was completed on May 4, 2012, andthe financial statements were approved without reservations.Limits of scopeThe period reviewed is the 2011 fiscal year (January 1to December 31, 2011). The data presented generallypertains to this reporting period or to the status at theend of said period. As and where information relatesto other periods, this is indicated accordingly. Thecombined report is an annual publication. The previouscombined report, covering fiscal 2010, was publishedin 2011.Unless stated otherwise, the indicators and informationpresented in the report apply to the entire Group,including its subsidiaries. In instances where informationonly applies to Flughafen München GmbH, this isindicated accordingly.All of the statements in this report that are not basedon historical information are forward-looking. They takeinto account risks and uncertainties but not any futurechanges in global economic conditions, legal requirements,market conditions, competitors’ activities, orother factors beyond the influence and control of FMG.170