Summary of the Sustainability Report 2019
The most important aspects of Riga Airport’s sustainability
In 2019, Riga Airport took an important step to determine its potential for building a sustainable society, environment and economy on a larger scale. In accordance with the GRI guidelines and the AA 1000 Stakeholder Engagement Standard (SES), Riga Airport assessed and identified its stakeholders, mapped and surveyed them to identify the key sustainability aspects to be included in the non-financial report.
In total, the 2019 Airport Sustainability Report includes 19 significant, medium and less important aspects, for which 43 indicators have been identified, seven indicators of additions to the airport operators sector and other significant aspects.
Riga Airport Stakeholders
Riga Airport is more than just an infrastructure – a terminal, runways and hangars – it is an essential part of the national economy. The airport has a major impact on the national economy, the environment, local governments and communities, businesses, employees and others. In 2019, Riga Airport stakeholders were involved in an open dialogue to hear their views on the most important social, economic and environmental aspects of the airport’s operations. The most important Riga Airport stakeholders are:
- Airlines (including cargo airlines)
- Business customers/tenants operating in the company’s territory
- Non-aviation service providers
- Military customer
- Employees and the trade union
- Providers of aviation services
- Other suppliers and subcontractors
- Local communities (municipalities, residents, organizations)
- Business associations
- Public sector organizations
- Regulators and authorities
- Shareholder
- Civil society organizations
- Media
- Passengers
Riga Airport in 2019: A Snapshot
2019 was the most successful year in the company’s history, both in terms of operating results and financial indicators, with Riga Airport becoming one of the fastest growing airports among the European capitals. Growth continued in the first few months of 2020, but the COVID-19 pandemic brought it to a halt, causing the worst crisis in the global aviation industry’s history since World War II. Riga Airport also downsized its operations, nevertheless, the sustainable development policy of the airport and the sound economic results of 2019 made it possible for the company to maintain financial stability and ensure not only the core business processes, but also continue major investment projects.
Riga Airport’s Sustainability Performance in 2019
