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FINANCIAL STATEMENTS
to 3.2% of Attica’s GDP (€4.1 billion), while 48,000 jobs were created on a regional level. More importantly, the airport
is the most important business entity of the local Mesogheia area, representing 47% of the area’s GDP and -through
the airport community- 22% of the total number of jobs in the area. At the same time the airport has boosted local
employment by creating 8,000 jobs for local residents (direct or indirect) and contributing annual value to the area
of €693 million. Finally, in relation to relevant studies for other major European airports, the performance of Athens
International Airport is in the upper range of the relevant benchmark. Conclusively, this study is a very valuable tool,
demonstrating the importance of the airport for the country’s economy and society.
3. Corporate Responsibility
Athens International Airport adopts a stance towards sustainable development by balancing its roles of a successful
entrepreneur, an efficient airport manager and a responsible provider of service. The Airport Company continuously
enhances its governance framework by developing and introducing policies and systems that boost our stakeholders’
confidence in our performance and prospects. In order to assist personnel in conducting business activities in a proper,
reputable and trustworthy manner, we have upgraded our Code of Business Conduct and we established a new Anti-
Fraud Policy.
Transparency, being of paramount importance, is served with the alignment of Corporate Responsibility reporting with
global best practice, such as the extensive assurance engagement for our sustainability disclosures. AIA was ranked
by the independent survey Accountability Rating Greece among the five most accountable corporations for the third
consecutive year.
Operational Responsibility: For a responsible Airport Company, governance is a term deeply associated with preparedness.
In 2009, we implemented a Business Continuity System in line with prevailing standards and industry best practice. The
new system allows us to plan for prompt and efficient recovery for a variety of failure scenarios across the organisation.
Our preparedness and continuity level is tested through scheduled simulation exercises, such as simulation of winter
operations, major fire eruption events and aircraft emergency situations. Furthermore, we responded effectively to
emerging challenges such as the measures undertaken due to the outbreak of the H1N1 influenza and the instigation of
the Non-Smoking Law for public areas.
Corporate Citizenship: In 2009, we remained firm to our commitment for active engagement with the local and greater
society. We implemented our annual local community plan, continuing our regular cooperation with local stakeholders
and undertaking initiatives for local infrastructure development and effectively addressing educational, cultural and
other social needs of the area. In another aspect of our citizenship, AIA positions itself as an important contributor to
cultural affairs. In cooperation with important Greek and International cultural foundations, we organised influential
events: i.e. the photographic exhibition “Miro of Majorca”, a special screen - projection on Biodiversity, in cooperation
with the Goulandri Museum, etc. Meanwhile, we consistently maintain a caring corporate profile by continuing our on-
going contribution to needy children through the support to non-profit organizations such as UNICEF, SOS Villages and
“The Smile of the Child”.
Environmental Responsibility: Sustainable development of the airport is a cornerstone of our corporate strategy. In recognition
of the growing importance of climate change, AIA stepped up its efforts in 2009, starting with the airport-community-
wide participation in Earth Hour 2009. The Airport Company pressed ahead with the second year of implementation of
its Climate Change Corporate Action Plan. As part of this plan, we continued the engagement with the Vravrona wetland
with a clean-up operation involving 150 volunteers from AIA and the greater airport community, we converted 22 more
vehicles to liquefied petroleum gas and we made remarkable progress in recycling rate (41%) that led to revising the
long-term goal upwards from 40% to 50% by
Financial Statements as at 31 December 2009 (Amounts in Euros unless otherwise stated) PAGE 9 OF 69
to 3.2% of Attica’s GDP (€4.1 billion), while 48,000 jobs were created on a regional level. More importantly, the airport
is the most important business entity of the local Mesogheia area, representing 47% of the area’s GDP and -through
the airport community- 22% of the total number of jobs in the area. At the same time the airport has boosted local
employment by creating 8,000 jobs for local residents (direct or indirect) and contributing annual value to the area
of €693 million. Finally, in relation to relevant studies for other major European airports, the performance of Athens
International Airport is in the upper range of the relevant benchmark. Conclusively, this study is a very valuable tool,
demonstrating the importance of the airport for the country’s economy and society.
3. Corporate Responsibility
Athens International Airport adopts a stance towards sustainable development by balancing its roles of a successful
entrepreneur, an efficient airport manager and a responsible provider of service. The Airport Company continuously
enhances its governance framework by developing and introducing policies and systems that boost our stakeholders’
confidence in our performance and prospects. In order to assist personnel in conducting business activities in a proper,
reputable and trustworthy manner, we have upgraded our Code of Business Conduct and we established a new Anti-
Fraud Policy.
Transparency, being of paramount importance, is served with the alignment of Corporate Responsibility reporting with
global best practice, such as the extensive assurance engagement for our sustainability disclosures. AIA was ranked
by the independent survey Accountability Rating Greece among the five most accountable corporations for the third
consecutive year.
Operational Responsibility: For a responsible Airport Company, governance is a term deeply associated with preparedness.
In 2009, we implemented a Business Continuity System in line with prevailing standards and industry best practice. The
new system allows us to plan for prompt and efficient recovery for a variety of failure scenarios across the organisation.
Our preparedness and continuity level is tested through scheduled simulation exercises, such as simulation of winter
operations, major fire eruption events and aircraft emergency situations. Furthermore, we responded effectively to
emerging challenges such as the measures undertaken due to the outbreak of the H1N1 influenza and the instigation of
the Non-Smoking Law for public areas.
Corporate Citizenship: In 2009, we remained firm to our commitment for active engagement with the local and greater
society. We implemented our annual local community plan, continuing our regular cooperation with local stakeholders
and undertaking initiatives for local infrastructure development and effectively addressing educational, cultural and
other social needs of the area. In another aspect of our citizenship, AIA positions itself as an important contributor to
cultural affairs. In cooperation with important Greek and International cultural foundations, we organised influential
events: i.e. the photographic exhibition “Miro of Majorca”, a special screen - projection on Biodiversity, in cooperation
with the Goulandri Museum, etc. Meanwhile, we consistently maintain a caring corporate profile by continuing our on-
going contribution to needy children through the support to non-profit organizations such as UNICEF, SOS Villages and
“The Smile of the Child”.
Environmental Responsibility: Sustainable development of the airport is a cornerstone of our corporate strategy. In recognition
of the growing importance of climate change, AIA stepped up its efforts in 2009, starting with the airport-community-
wide participation in Earth Hour 2009. The Airport Company pressed ahead with the second year of implementation of
its Climate Change Corporate Action Plan. As part of this plan, we continued the engagement with the Vravrona wetland
with a clean-up operation involving 150 volunteers from AIA and the greater airport community, we converted 22 more
vehicles to liquefied petroleum gas and we made remarkable progress in recycling rate (41%) that led to revising the
long-term goal upwards from 40% to 50% by
Financial Statements as at 31 December 2009 (Amounts in Euros unless otherwise stated) PAGE 9 OF 69
