Materiality Assessment

Since the development of our Sustainability Report 2014/15, we have conducted annual stakeholder engagement exercises as part of the materiality assessment process to identify and prioritise the sustainability issues to be covered in each report. In 2019/20, we commenced a review of our materiality assessment process with a view to adopting a more systematic and strategic approach to create more business value for AAHK. Based on the findings of the review, we will formulate a multi-year materiality assessment plan to guide our future stakeholder engagement exercises beginning with our next sustainability report.

Materiality assessment process

In preparing this report, we have adopted the following two-step approach to determine the most important and relevant sustainability issues and hence define the report content.

Step one
Identify materiality issues

  • A list of important sustainability issues was compiled based on previous sustainability reports.

  • The relevance of the sustainability issues was determined based on the following sources:

    • Business plans

    • Internal policies and management reports

    • Industry trends

    • International and local sustainability reporting frameworks
      such as the GRI reporting framework and HKEX
      ESG Reporting Guide

  • 24 issues were identified as the most important and relevant sustainability issues and grouped into four categories – Economic and Society, Environment, Operating Practices, and People – for senior management’s review and validation.

Step two
Senior management review and validation

  • AAHK’s senior management was shown with the list of identified issues and invited to give feedback.

  • Following the consolidation of comments from AAHK’s senior management, 24 issues were confirmed as the most important sustainability issues to be addressed in this report.

The most important sustainability issues for HKIA

Economic and Society

  1. Air cargo strategy

  2. Branding and reputation

  3. Connectivity

  4. Economic contribution

  5. Infrastructure development

Environment

  1. Biodiversity

  2. Carbon and energy

  3. Climate-related risks and impacts

  4. Waste

Operating Practices

  1. Airport safety and security

  2. Compliance with laws and regulations

  3. Contingency planning

  4. Customer experience

  5. Cybersecurity

  6. Facilities management

  7. Innovation and technology

People

  1. Attracting talent

  2. Employee engagement

  3. Employee well-being

  4. Ethics and integrity

  5. Occupational health and safety

  6. Retention and turnover

  7. Succession planning

  8. Training and career development

This report is structured around five key focus areas that reflect our priorities. Each area details how we are managing various sustainability issues identified as most important to AAHK and our stakeholders, the progress made and specific actions taken during the reporting year, and any future plans and commitments.

The five key focus areas are:

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