The need for an ESG strategy
Australia Pacific Airports Corporation (APAC) operates Melbourne Airport in Victoria and Launceston Airport in Tasmania.
As operators of critical state infrastructure, it is APAC’s responsibility to consider the impact of our operations and investments on our employees, our natural environment and the communities in which we operate and serve.
While our primary objective is to manage, operate and build infrastructure that enables the safe and efficient movement of passengers, APAC is committed to doing so in a way that is ethical, environmentally friendly, socially responsible, and enhances our travellers’ experience.
Being an ESG-conscious operator
For APAC, being an ESG-aligned business means:
- ensuring the conservation and stewardship of the natural and physical environment we operate in
- having a positive impact on our community and stakeholders though engagement, support and advocacy on important local issues
- ensuring that our people, as well as employees across the airport and precinct, work in a safe and inclusive environment
- driving positive organisational and societal change through responsible governance and leadership
Role of APAC’s ESG Strategy
Having a coherent strategy will assist APAC to:
- identify and manage relevant and emerging ESG trends and risks, prioritising critical issues and ensuring appropriate resources are allocated to address them
- build positive external reputation by demonstrating APAC’s socially responsible decision making and ensuring we have an ongoing social license to operate
- safeguard future access to competitively priced investment capital as institutions move to prioritise lending to companies with clearly articulated ESG strategies
Going forward, as a sign of our commitment to further embedding ESG practices into the ways we work, we have set specific targets across areas that our stakeholders have agreed to be the most important for them, the broader community, the environment, and our business.
It is these targets and key initiatives that have been captured in this document.
Published February 2022