We recognise that the world around us is rapidly evolving.
Sydney Airport plays a vital role in the transport value chain, bringing together a wide range of parties that jointly facilitate tourism, personal and business travel and logistics.
Evolution in our business context is taking many forms whether it be advancements in the aviation sector, technological disruption, climate change, changing consumption trends and passenger travel patterns, global health crises, changing employee preferences or community expectations. Understanding and embracing change will shape our future and drive our strategic thinking.
Contributing to the United Nations Sustainable Development Goals
The United Nations Sustainable Development Goals (SDGs) seek to address the most significant challenges our world is facing today. We have mapped the SDG framework against our sustainability strategy to show how we are contributing to the achievement of the SDGs. Details on our contribution this year is available here.
Our sustainability strategy responds to a changing world, and to the challenges and opportunities that shape business in Australia and globally. We believe that by focussing on sustainable growth, we will deliver long-term value for our stakeholders.
The strategy forms an integral part of our broader business strategy and supports the delivery of our purpose: to make Sydney proud every day.
Our Sustainability Strategy has three pillars underpinned by 2021-2024 focus areas and strategic outcomes aligned with SYD’s values:
To read about our performance in progressing our sustainability strategy, see our annual sustainability reporting.
Sustainability governance framework
Sustainability Linked Loan
Sydney Airport’s innovative Sustainability Linked Loan (SLL) determines if the company’s bank debt facility margins will decrease or increase depending on our sustainability performance over time.
Sydney Airport’s SLL represents the first syndicated SLL in Australia, largest syndicated SLL across the Asia Pacific and largest syndicated airport SLL globally. In Sustainalytics opinion, the loan aligns with the Loan Markets Association’s Sustainability Linked Loan Principles.
Read more about the transaction here.