Flughafen Zurich AG

Engaging in dialogue with legislators, administrative authorities and government agencies is very important. Airport operation is a highly regulated business in all countries and is subject to both national and international regulations. At the same time, regional (cantonal in Switzerland) and municipal authorities are responsible for certain matters.

At the Zurich site, a community event with representatives from the administrations of all five neighbouring municipalities is held every year. In addition, meetings on technical matters are organised with municipal authorities and agencies as and when required, usually in relation to building projects and to noise arising from aircraft, construction or operations generally. Regular exchanges also take place with representatives of neighbouring districts in Germany.

At the cantonal level, regular or ad hoc meetings take place with members of the Government Council, the Cantonal Parliament or the competent authorities, in particular with the Office for Mobility of the Canton of Zurich. Similarly, dialogue is conducted at the federal level with the Federal Council, with commissions of the Federal Assembly or individual members of parliament, or in particular with the Federal Office of Civil Aviation (FOCA). Flughafen Zürich AG addresses political issues in a "Political Newsletter" aimed at politicians and officials which is issued at least four times a year. The company also takes an active interest in legislative matters, primarily in relation to infrastructure, transport, spatial planning and environmental policy issues.

The company's airports abroad also communicated regularly with governments and local authorities, among other things with regard to further development of the concession models and specific airport development projects.

During the year under review, following a change in the general understanding of corporate governance, the Board of Directors of Zurich Airport Ltd. decided to change its practice of making financial donations to political parties. The Group Code of Conduct of the Zurich Airport Group was revised accordingly in October 2023. [...] The Board of Directors of Zurich Airport Ltd. exercises ultimate oversight of responsible business conduct as well as compliance with the UNGC's ten principles and the Code of Conduct. Its Audit and Finance Committee is responsible for non-financial reporting. The Management Board and the various heads of divisions are then responsible for implementing the sustainability strategy. They all bear equal responsibility for ensuring that the principles and guidelines of the company are followed in their respective divisions. The head of the "Finance & Services" division, along with the directly subordinate "Sustainability & Environmental", "Legal, Risk & Compliance" and "Financial Services" departments, are responsible for coordinating and developing sustainability-related matters. Together with the head of division, representatives from these departments steer the implementation of sustainability policies in close coordination with the relevant departments in the line organisation."
"###### Public Affairs Committee (PAC)

**Members**

Carmen Walker Späh (Chairwoman), Corine Mauch, Beatrix Frey-Eigenmann, Josef Felder (guest)

**Duties**

This committee chiefly monitors political matters that are relevant to Zurich Airport and acts as an advisory panel for political issues of strategic importance to the company.

The Public Affairs Committee chiefly monitors political matters that are relevant to Zurich Airport and acts as an advisory panel for political issues of strategic importance to the company. [...] The Management Board reports to the Board of Directors by means of a monthly Management Information System (MIS). Comprehensive financial and business reports are prepared on a quarterly basis, and a report on substantial business risks and the compliance situation every year. The Board of Directors is also kept informed about anticipated developments by means of rolling long-term planning for various scenarios. [...] Internal Audit, which was set up by management as an independent entity to help the Board of Directors and the Audit & Finance Committee exercise their duty of supervision, reviewed service agreements with third parties, project audits and aspects of retail business along with time and attendance recording, among other things. Follow-up activities to previous audits also took place. Internal Audit reports directly to the Chairman of the Audit & Finance Committee.

The Zurich Airport Group engages in dialogue with numerous stakeholders on a very wide range of matters. Stakeholders were last analysed in detail in 2021 in connection with the materiality analysis, when they were grouped according to their interests and expectations. The same internal experts from the divisions who conducted the materiality analysis were involved in this process. The results were then validated and discussed with an external consultant. In the reporting year, the list of stakeholders was simply reviewed. The following ten stakeholder groups were defined: Stakeholder groups of Zurich Airport Group [...] Governments and public authorities Engaging in dialogue with legislators, administrative authorities and government agencies is very important. Airport operation is a highly regulated business in all countries and is subject to both national and international regulations. At the same time, regional (cantonal in Switzerland) and municipal authorities are responsible for certain matters. At the Zurich site, a community event with representatives from the administrations of all five neighbouring municipalities is held every year. In addition, meetings on technical matters are organised with municipal authorities and agencies as and when required, usually in relation to building projects and to noise arising from aircraft, construction or operations generally. Regular exchanges also take place with representatives of neighbouring districts in Germany. At the cantonal level, regular or ad hoc meetings take place with members of the Government Council, the Cantonal Parliament or the competent authorities, in particular with the Office for Mobility of the Canton of Zurich. Similarly, dialogue is conducted at the federal level with the Federal Council, with commissions of the Federal Assembly or individual members of parliament, or in particular with the Federal Office of Civil Aviation (FOCA). Flughafen Zürich AG addresses political issues in a "Political Newsletter" aimed at politicians and officials which is issued at least four times a year. The company also takes an active interest in legislative matters, primarily in relation to infrastructure, transport, spatial planning and environmental policy issues. The company's airports abroad also communicated regularly with governments and local authorities, among other things with regard to further development of the concession models and specific airport development projects. [...] Memberships The Zurich Airport Group is a member of various industrial associations, chambers of commerce and local organisations. Some of the associations and organisations to which the company either contributes personnel or funding are: Aerosuisse, economiesuisse, Zurich Chamber of Commerce, Flughafenregion Zurich, the freiwillig@Kloten association, German Airports Association (ADV), and Airports Council International (ACI) Europe/LAC (Latin America and Caribbean)/APAC (Asia Pacific). Flughafen Zürich AG is also a member of the Swiss Business Council for Sustainable Development (Öbu) and of the UN Global Compact.

The company publishes the results in relevant publications such as annual reports or special publications. The data is also presented annually to the Board of Directors to ensure that top management is involved. [...] The data and the climate management system are also regularly reviewed by external auditors – both as part of the ISO 14001 environmental management system and as part of the Airport Carbon Accreditation program. The data collected by Flughafen Zürich AG is therefore externally validated and provides a solid basis for the reliability of the information on the CO2e reduction pathway.