Airports Council International (ACI) World, along with aviation consultancies Netherlands Airport Consultants (NACO) and To70, will lead the creation of a global standardised framework for improved airport ESG reporting.
According to a press statement by ACI World, the airports must also ensure any new developments that are designed, will be operated in economically sustainable, inclusive, socially and environmentally responsible way. Currently, they face the ongoing challenge of investing in infrastructure to meet future air travel demand.
For the second phase of the project, the NACO and To70 team will develop an ESG framework for Hamad International Airport and Kigali International Airport. This will serve as a pilot and further refinement of the ESG Global Framework before it is released for wider application, adds the press statement.
“This project offers airports a useful tool as they consider ESG reporting. We are happy to have trusted industry experts working on the consolidation and synthesis of reporting mechanisms used across regions who will, with the support of our members and key actors in the finance community, develop a comprehensive, enduring framework for the sector,” says Luis Felipe de Oliveira, Director General of ACI World.
ACI says the ESG framework will build on its ESG Management Best Practice and the work of various ACI regions, supporting the ACI Airport Carbon Accreditation programme. The global framework for ESG aims to give airports an institutional framework for governance, compliance and stewardship, taking into account different legal and regulatory requirements from country to country and region to region.
“ESG has rightly become a key agenda item for airports and institutions around the world. We’re proud to have been appointed to lead the development of this framework, which will give all airports the guidance they need to implement, review, and monitor ESG meaningfully within their operations,” says Esther Kromhout, Director at NACO.
“Airport decarbonisation must be tackled in synergy with leading ESG frameworks. By building bridges between carbon reduction roadmaps and an airport specific standard for ESG reporting, we will assure airports can obtain the green investments needed to reach Net Zero Carbon by 2050 or before,” adds Ruud Ummels, Director at To70.