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, business travel and logistics. With more than 40 million passengers moving through our airport each year, our efficient and effective operations create value for the economy as we provide a gateway for other sectors and industries that depend on a reliable flow of people and goods.
Evolution in our business context is taking many forms whether it be advancements in the aviation sector, technology disruption, climate changes risks, changing consumption trends, passenger travel patterns, changing employee preferences or community expectations. Understanding and embracing change will shape our future and drive our strategic thinking.
Our 2019 Sustainability Report provides a window into our strategic objectives, initiatives and performance over 2019. While there is still much to do, we are proud of the progress we have made and are pleased to invite you to explore the details of our efforts in the report.
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. To play our role in addressing these challenges, we have maped the SDG framework against our sustainability strategy.
Details on what contributing to the SDGs means in the context of our airport operations is available here.
Our sustainability strategy responds to our 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.
Our Sustainability 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 Policy sets out our commitment to sustainability.
Our Sustainability Strategy has three pillars:
Our 2019-2021 commitments embed sustainability in all aspects of our business in line with the pillars of our strategy. Our flagship initiatives support these pillars and focus our attention on issues where we can drive a step change in our performance.
To read about our performance in progressing our sustainability strategy, see our annual sustainability reporting.
You can find information about our approach to Corporate Governance here, including our annual Corporate Governance statement and key documents and policies.
Sustainability Linked Loan
In May 2019, Sydney Airport successfully delivered an innovative Sustainability Linked Loan (SLL), under which the company’s bank debt facility margins will marginally decrease or increase depending on Sydney Airport’s 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.