Sydney Airport is a vital asset for Sydney, NSW and Australia. It delivers economic and social benefits, that are crucial to the Australian people as well as the global community.
Climate change has the potential to affect our business through physical, transitional and regulatory changes.
We recognise our need to make a contribution to address climate change and restrict global temperature increases to less than 2°C, in line with the international agreement on climate change (The Paris Agreement).
We are committed to playing our part in the transition to a low carbon future by identifying and managing climate change risks today and into the future.
The Sydney Airport board oversees climate risk management and its potential to influence and inform corporate strategy and decision making.
Our board is supported by the Safety, Security and Sustainability (SSS) Committee which has full oversight of all environmental and sustainability matters, including climate change.
In our Environment Policy, we commit to addressing climate change by quantifying, managing and reducing our carbon emissions, together with planning ahead to adapt to the effects of climate change.
Our Airport Environment Strategy 2019-2024 includes an environmental action plan to address climate change mitigation and adaptation. The objectives of this plan are to:
- Understand and minimise direct and indirect impacts associated with climate change
- Cost effectively reduce energy and greenhouse gas emissions intensities
- Meet all relevant regulatory requirements
Sydney Airport’s Climate Risk and Adaptation Plan provides an overarching strategy to address the priority physical and transition risks and opportunities associated with climate change, and describe mechanisms to embed climate change adaptation into airport planning, design and operations. The risk assessment process was based on potential future climate scenarios, described in the climate change risk disclosures in our Annual Report and Sustainability Report. More information on our climate change mitigation and adaptation practice is outlined in detail in our Environment section.
Sydney Airport has a range of policies and controls that reduce the impacts caused by climate and weather issues. The Airport Emergency Plan is the principal tool used to manage business continuity. It provides Sydney Airport with a robust, risk based framework to manage incidents across the airport and minimise business and operational disruptions. This risk based management framework is the basis of new actions proposed to reduce climate risk.
Sydney Airport is committed to reporting in line with the Taskforce on Climate Related Financial Disclosure’s (TCFD) recommendations. See our Annual Report and Sustainability Report for our disclosures in line with the TCFD.
Visit the climate change mitigation and adaptation page for our actions in these areas.