Report profile

Content of the report GRI 102-46 

«Thinking Ahead» is the seventh integrated report published by Flughafen München GmbH (FMG). New for the 2016 reporting year is the online report, which covers all the content of our reporting. Whenever the integrated report is mentioned, this always refers to the complete online report. In order to individually address stakeholders, it offers the option to select content on specific topics, separately collate that content, and then download it. The printed report does not include the report profile, the complete sustainability program, or the GRI Content Index. This information can all be found – presented in a user-friendly way – in the online report.

As well as containing the annual financial statements, which the Group is legally required to prepare, the integrated report also covers information on sustainability. The material sustainability issues for the company are identified by means of a materiality analysis and described in the annual report, along with an explanation of why these issues are relevant to FMG. The GRI Standards published by the Global Reporting Initiative (GRI) form the basis for reporting on sustainability performance.

The material issues for the reporting process are also important for strategic sustainability management. The materiality analysis identified the material issues for 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 issues that 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. 

It is presumed that Munich Airport can actively influence all the material issues within the relevant business units (Aviation, Commercial Activities, Real Estate, Participations, Services & External Business). The sustainability program outlines FMG’s initiatives and measures for managing the material issues.

Reporting principles

Integrated reporting: As a member of the <IR> Business Network, FMG conducts its integrated reporting using the principle-based approach set out by the International Integrated Reporting Council (IIRC), and, by extension, the <IR> framework. FMG’s report is based on the IIRC’s «guiding principles» and the necessary «content elements».

Sustainability data: FMG has been involved in the Global Reporting Initiative (GRI) for nearly a decade and takes part in several of its working groups. «Thinking Ahead» has been prepared in accordance with the GRI Standards «Comprehensive» option. Furthermore, Munich Airport takes account of the GRI’s sector disclosures for airport operators. The GRI G4 content index makes reference to the parts of the report that contain relevant information and explains if and how these are assessed. As it applies the German Sustainability Code (GSC), FMG also refers to the transparency criteria required under the GSC in the GRI index.

Information in the financial report: The information on the financial and earnings position is based on the requirements set out in the International Financial Reporting Standards and interpretations published by the International Accounting Standards Board and the International Financial Reporting Interpretations Committee and adopted into European law by the European Commission. The supplementary requirements according to Article 315a (1) of the German Commercial Code (Handelsgesetzbuch, HGB) also apply. The 2016 Group Management Report was created in accordance with the requirements of German Accounting Standard DRS 20.

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

The integrated report is produced annually. The last integrated report was published on Monday, August 08, 2016. The reporting period for this report covers the 2016 fiscal year, which runs from January 1 to December 31.

The heads of the Corporate Communications and Corporate Development divisions are responsible for the integrated report. The Executive Board inspects and approves it.

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.

Further information can be found on the Munich Airport website (e.g. studies and findings). There are also numerous publications available to download.

Data collection and calculation methods GRI 102-48; 102-49

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.  

In 2016, the Group adjusted provisions for deferred maintenance expenses (restructuring measures) that had been formed since 2013. The resulting changes are shown in the Notes or mentioned in footnotes within the integrated report. Furthermore, in 2016 the Group adjusted financial liabilities resulting from interests in partnerships that had been stated under liabilities since the switch to IFRS.

Human resources data is primarily collected and evaluated by an electronic HR management system. As at the reporting date of December 31, 2016, owing to the organizational realignment, the key figures on employees of AeroGround Berlin GmbH were not yet integrated into Flughafen München GmbH’s centralized system. Consequently, they cannot be included in this report for the past fiscal year. For the current fiscal year, this data is recorded centrally in FMG’s system. It can therefore be reported as at December 31, 2017.

Environmental data is recorded systematically in the environmental management system according to EMAS-VO and DIN EN ISO 14001 standards and is subject to external validation 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, unforeseeable reasons.

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 financial statements are audited by KPMG AG Wirtschaftsprüfungsgesellschaft in accordance with section 317 of the 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 April 24, 2017, and no objections were raised.

KPMG AG Wirtschaftsprüfungsgesellschaft also conducted an audit with limited assurance on selected information and 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 the annual environmental statement, information on the environmental management system was validated by accredited environmental auditor Dr. Reiner Beer (DE-V-0007) of Intechnica Cert GmbH (DE-V-0279) in accordance with EMAS 1221/2009 and ISO 14001 + Cor.1: 2009. The data additionally checked by Intechnica Cert GmbH is marked in the «External audit» column of the GRI content index with the following symbol:

The report was submitted for the GRI Materiality Disclosures Service and GRI confirmed the correctness of the position of the G4 Materiality Disclosures (GRI 102-40 – GRI 102-49).