Climate Change Data

Environmental Metrics

ESG Focus Areas

• Economic-competitivity
• Environmental
• Socio-economic

Environmental Achievements

• Achieved Airport Carbon Accreditation – Neutrality Level 3+ for Linate and Malpensa airports for the 4th consecutive year.
• Received ISO 50001 certification for its Energy Management System in October 2013.

Social Achievements

• Launched the “Developing Sustainability Culture” project to link business objectives with sustainability issues.
• Maintained a high level of employee satisfaction (positive average scores concerning competence, reliability, correctness and availability in stakeholder surveys).

Governance Achievements

• Voluntarily based its Corporate Governance structure on the recommendations and principles of the “Self-Governance Code for listed companies” of Borsa Italiana.
• Established an Ethics Committee, a Remuneration Committee, and a Control and Risks Committee.

Climate Goals & Targets

Environmental Challenges

• Reduction in passenger and aircraft movements compared to 2012.
• Decision of the European Commission concerning State Aid granted to SEA Handling.
• Economic crisis impacting the air transport sector.
• Competition from high-speed rail.
• Uncertainty relating to regulatory developments.

Mitigation Strategies

• Implemented measures to offset the impact from the de-hubbing of Alitalia (attracting new airlines, introducing new services, increasing frequencies).
• Initiated talks with the European Commission to identify an alternative solution to the State Aid sanction.
• Focused on improving process efficiency and cost containment.
• Developed alternative revenue sources (e.g., retail, food & beverage, property).

Supply Chain Management

Responsible Procurement

• Priority given to products and services with similar environmental sustainability parameters.

Climate-Related Risks & Opportunities

Reporting Standards

Frameworks Used: GRI G3.1 (2011), Airport Operators Sector Supplement

Certifications: ISO 9001, ISO 14001, ISO 50001, OHSAS 18001, ISAGO, EMAS

Third-party Assurance: Deloitte

Environmental Metrics

ESG Focus Areas

• Environmental
• Social
• Governance

Environmental Achievements

• Achieved Airport Carbon Accreditation at level 3+ (neutrality) for the 6th consecutive year
• Increased separate waste collection (Malpensa and Linate combined)

Social Achievements

• Launched "The Social Challenge" initiative, providing funding to 7 social projects
• Awarded the "Family Audit" Certification for work-life balance initiatives
• Provided over 17,000 hours of training to employees

Governance Achievements

• Established a new Ethical System, including a Code of Conduct and Principles of Relationship with Stakeholders
• Strengthened accountability through an Observatory on the economic footprint generated by airports

Climate Goals & Targets

Environmental Challenges

• Intense competition between airports, pressures on aviation revenues
• Need to integrate ESG issues into business management
• Supply chain disruptions

Mitigation Strategies

• Developing alternative income sources (retail, food & beverage, real estate)
• Adopting an integrated governance model to incorporate ESG issues into strategy and operations
• Implementing certified management systems for quality, safety, environment, and social aspects
• Developing alternative sourcing strategies

Supply Chain Management

Supplier Audits: 1442 suppliers qualified in 2016

Responsible Procurement

• Considering sustainability aspects in supplier selection
• Requiring specific information and assessments on suppliers’ sustainability management methods

Climate-Related Risks & Opportunities

Reporting Standards

Frameworks Used: GRI G4 Sustainability Reporting Guidelines, Airport Operators Sector Disclosures

Certifications: Airport Carbon Accreditation - Neutrality Level 3+, OHSAS 18001, ISO 14001, ISO 50001, EMAS, UNI EN ISO 9001:2008, UNI CEI EN 45011, Family Audit

Third-party Assurance: Deloitte

Awards & Recognition

• Family Audit Certification

Environmental Metrics

ESG Focus Areas

• Climate Change
• Biodiversity
• Noise Pollution
• Water Management
• Waste Management
• Workforce Diversity
• Employee Well-being
• Stakeholder Engagement
• Supply Chain Sustainability
• Governance
• Anti-corruption

Environmental Achievements

• Achieved Airport Carbon Accreditation (ACA) Level 4+ (net-zero emissions by 2030)
• Launched a tender for the sale of SEA Energia to transition away from fossil fuels
• Reduced airport expansion area by half compared to initial recommendations
• Devised a compensation plan to return five times more high-quality natural land to the local community
• Increased ecosystem value index of affected area by 50%
• Doubled tariffs applied to nighttime noise emitted by flights

Social Achievements

• Developed a staff management plan to manage a workforce reduction while safeguarding employees
• Launched a Diversity & Inclusion project
• Participated in Assolombarda’s Project STEAMiamoci to promote gender equality
• Launched the “Your Gate for Your Job” project to bridge the gap between labor demand and supply
• Renewed UNI ISO 45001 certification for Workplace Health and Safety Management System
• Implemented various COVID-19 safety measures

Governance Achievements

• Approved a 2022-2026 Sustainability Plan
• Integrated ESG performance into the management incentive system (MBO)
• Renewed ISO 37001 certification for Anti-bribery Management System
• Implemented a whistleblowing system

Climate Goals & Targets

Environmental Challenges

• Supply chain disruptions due to the pandemic
• Potential negative impacts from the Malpensa Master Plan on the environment
• Noise pollution from increased air traffic
• Meeting CO2 emission reduction targets
• Air, water, and soil pollution
• Extreme weather events
• ESG legislation developments
• Managing and developing necessary skills/resources
• Managing and disposing of waste
• Higher costs for initiatives to reduce/offset CO2 emissions

Mitigation Strategies

• Operational back-up plans and investments in training
• Engaging with neighboring communities
• Noise mitigation initiatives (penalizing tariffs, runway optimization)
• Airport Carbon Accreditation (ACA) certification
• Environmental Management System
• Infrastructure improvements (water disposal systems)
• Integrating ESG topics into supplier qualification processes
• Generational turnover plan, retention plan, communication initiatives
• Increasing separate waste collection
• Closely monitoring key indicators and price curves for certificates of origin and carbon credits

Supply Chain Management

Supplier Audits: 41 audits (14 SEA, 14 SEA Prime, 13 SEA Energia)

Responsible Procurement

• Supplier Register qualification process considering sustainability parameters and human rights
• Integrity Pact for key tenders

Climate-Related Risks & Opportunities

Physical Risks

• Extreme weather events

Transition Risks

• Increased environmental transition risks, potential increases in fiscal and regulatory action

Opportunities

• Investments in decarbonisation and clean energy transition

Reporting Standards

Frameworks Used: GRI Standards, Airport Operators Sector Disclosures

Certifications: Airport Carbon Accreditation (ACA) Level 4+, ISO 14001, ISO 50001, ISO 45001, ISO 27001, ISO 37001, EMAS, BREEAM, Family Audit

Third-party Assurance: Deloitte & Touche (limited assurance)

UN Sustainable Development Goals

• Not disclosed

Not disclosed

Sustainable Products & Innovation

• SAF (Sustainable Aviation Fuel)

Awards & Recognition

• ACI World’s Voice of the Customer award

Environmental Metrics

ESG Focus Areas

• Decarbonisation
• Diversity & Inclusion
• Sustainable Mobility
• Airport Safety
• Stakeholder Engagement
• Supply Chain Sustainability

Environmental Achievements

• Achieved Airport Carbon Accreditation (ACA) Level 4+ for both Linate and Malpensa airports.
• Doubled the number of electric passenger shuttles at Malpensa.
• Began upgrading airport vehicle fleet to low-emission alternatives (full replacement planned by 2025).
• Installed Milan's first superfast charging station at Linate (using 100% renewable energy).
• Approved a significant energy efficiency plan to invest €15 million over three years and reduce direct CO2 emissions by 10,000 tonnes/year.
• Initiated a plan to encourage airlines to use Sustainable Aviation Fuel (SAF) before EU regulations mandate it.

Social Achievements

• Launched two Diversity & Inclusion projects focusing on LGBTQ+ inclusion and empowering female staff.
• Increased the percentage of women in management positions from 32% in 2019 to 38% in 2022.
• Increased the number of SEA employees under 30 fivefold since 2019, with women in this age bracket increasing from 25% to 60%.

Governance Achievements

• Approved a new “Sustainable Procurement Policy” and “Supplier Code of Conduct”.
• Maintained ISO 37001 certification for its Anti-bribery Management System.
• Obtained ISO 45001 certification for its Workplace Health and Safety Management System.

Climate Goals & Targets

Environmental Challenges

• Threats to air traffic growth due to regulatory limitations and intermodal competition.
• Pressure to accelerate decarbonisation policies.
• Opposition to airport expansion projects.
• High costs of Sustainable Aviation Fuel (SAF).
• Concerns about the quality and effectiveness of carbon offsets.
• Shortage of skilled labor in the air transport sector.
• Risks associated with extreme weather events.
• Potential for interruptions to business processes due to strikes or other events.

Mitigation Strategies

• Developed a Decarbonisation Plan aiming for Net Zero emissions by 2030.
• Implemented energy efficiency measures and investments in renewable energy.
• Engaged in stakeholder dialogue and collaboration to address concerns about airport expansion.
• Developed incentive plans to encourage SAF adoption.
• Updated its offsetting investment choices to align with more reliable programs.
• Implemented a Staff Management Plan to address workforce challenges.
• Improved airport infrastructure to enhance resilience against extreme weather.
• Developed operational back-up plans and invested in training.

Supply Chain Management

Supplier Audits: 39 audits conducted in 2022 (24 at SEA, 13 at SEA Prime, 2 at Airport ICT Services).

Responsible Procurement

• Sustainable Procurement Policy
• Supplier Code of Conduct
• Supplier Register with sustainability criteria

Climate-Related Risks & Opportunities

Physical Risks

• Extreme weather events (storms, cloudbursts, heavy snowfall)

Transition Risks

• ESG legislation developments
• Higher costs for emissions reduction initiatives
• Increased demand for carbon offsets

Opportunities

• Development of energy-efficient products and services
• Adoption of SAF and hydrogen technologies

Reporting Standards

Frameworks Used: GRI Standards, Airport Operators Sector Disclosures (2014 version)

Certifications: Airport Carbon Accreditation (ACA) Level 4+, ISO 14001, ISO 50001, ISO 45001, ISO 27001, ISO 37001, ACI World Airport Customer Experience Accreditation

Third-party Assurance: Deloitte & Touche (limited assurance)

UN Sustainable Development Goals

• Not disclosed

Not disclosed

Sustainable Products & Innovation

• Smart Security system
• Electric passenger shuttles
• Superfast charging stations

Awards & Recognition

• ACI World Airport Customer Experience Accreditation

Environmental Metrics

ESG Focus Areas

• Decarbonisation
• Diversity & Inclusion
• Airport Safety and Security
• Quality of passenger services
• Business ethics/Transparency
• Integration of ESG strategy into business

Environmental Achievements

• Direct carbon footprint decreased by 37.4% compared to the previous year.
• Renewable energy now accounts for over 12% of total energy supply.

Social Achievements

• Achieved UNI PdR 125/2022 Gender Certification.
• Linate airport received the Best Airport Award from the Airport Council International Europe.
• Both Linate and Malpensa airports received the Airport Service Quality Award from ACI World.

Governance Achievements

• Exercised ESG option in revolving credit lines, linking financial costs to carbon footprint targets.
• 31% of SEA Group’s medium/long-term loans are structured in a sustainability-linked format.
• Updated Bribery Prevention Policy approved by the Board of Directors.

Climate Goals & Targets

Environmental Challenges

• Risks associated with the design and/or execution of investments in the maintenance/construction of airport infrastructures.
• Risks associated with the amount of noise produced by aircraft.
• Risks associated with a failure to meet CO2 emissions reduction targets.
• Risks associated with air, water, and soil pollution.
• Risks related to extreme weather events.
• ESG legislation developments.

Mitigation Strategies

• SEA pays great attention to its relations with neighbouring communities.
• SEA is committed to noise mitigation initiatives.
• Linate and Malpensa participate in the Airport Carbon Accreditation (ACA) certification programme.
• SEA actively participates in EU calls for tenders to obtain the funding required for the energy transition.
• Work has been carried out to improve infrastructure resilience.
• A project was initiated to develop a climate change adaptation plan.
• Research is already underway to integrate ESG topics into existing supplier qualification and assessment processes.
• SEA has set up a permanent internal working group (Net Zero Team) to oversee the matter.

Supply Chain Management

Supplier Audits: 44 audits (30 at SEA, 11 at SEA Prime, 3 at Airport ICT Services)

Responsible Procurement

• Sustainable Procurement Policy
• Supplier Code of Conduct

Climate-Related Risks & Opportunities

Physical Risks

• Extreme weather events

Transition Risks

• ESG legislation developments
• Failure to meet CO2 emissions reduction targets

Opportunities

• Development of energy-efficient products and services

Reporting Standards

Frameworks Used: GRI Standards, Airport Operators Sector Disclosures (2014 version)

Certifications: Airport Carbon Accreditation (ACA) Level 4+ Transition, ISO 14001, ISO 50001, ISO 45001, ISO 27001, ISO 37001

Third-party Assurance: EY S.p.A. (Limited review)

Sustainable Products & Innovation

• Smart Security
• Face boarding
• Self-service Bag Drop Stations
• Virtual Desk
• Hydrogen airport vehicles (TH2ICINO project)

Awards & Recognition

• ACI Europe Best Airport Award (Linate)
• ACI World Airport Service Quality Award (Linate and Malpensa)

Environmental Metrics

ESG Focus Areas

• Climate change
• Gender equality

Environmental Achievements

• Renewal of level 4+1 ACA certification in May 2024 for reduction of scope 1 and 2 emissions.
• Work began on the preparation of the corporate strategy for the management of scope 3 emissions.
• SEA programme to support the use of SAF applied for the second year, with a maximum contribution of Euro 800/tonne of pure SAF, for a maximum allocation of Euro 500 thousand.
• Planning is underway for the activities necessary to ensure regular supply of HVO renewable diesel at both airports.

Social Achievements

• Obtained Gender Equality certification in April 2024 from RINA.

Governance Achievements

• Not disclosed

Climate Goals & Targets

Environmental Challenges

• Supply chain difficulties affecting aircraft production.
• Strikes by industry workers and air traffic control disruptions.
• Geopolitical environment affecting airspace and operations (Ukraine conflict, Middle East conflict).
• Staff shortages in the aviation sector.

Mitigation Strategies

• Close monitoring of the economic-financial situation of airlines.
• Active participation in technical industrial association roundtables to address regulatory changes.
• Implementation of direct and indirect initiatives to reduce emissions, in line with the airport sector’s best practices and the commitments assumed (“Net Zero 2030”).
• Workforce development initiatives.

Supply Chain Management

Supplier Audits: Not disclosed

Responsible Procurement

• Not disclosed

Climate-Related Risks & Opportunities

Physical Risks

• Extreme weather events

Transition Risks

• Regulatory changes related to environmental policies

Opportunities

• Not disclosed

Reporting Standards

Frameworks Used: Null

Certifications: Airport Carbon Accreditation (ACA) level 4+1, Gender Equality Certification (RINA), ISO 27001, ISO 45001:2018

Third-party Assurance: EY S.p.A.

UN Sustainable Development Goals

• Not disclosed

Not disclosed

Sustainable Products & Innovation

• Not disclosed

Awards & Recognition

• Best Safety Practice at Work Varese (Confindustria)