Corporate governance –transparent structures

Zurich Airport Ltd. adheres to the principles of transparent corporate governance and endeavours to strike an appropriate balance between management and control.

Risk management

Zurich Airport Ltd. maintains a comprehensive risk management system covering all the company’s business divisions. The Board of Directors has oversight of risk management and may request Internal Audit to carry out audits of the risk management process.

The following principles apply to Zurich Airport Ltd. as regards dealing with problems and risks:

  • We are aware of the dangers that give rise to risks and therefore jeopardise the attainment of our corporate goals.
  • We identify, evaluate and deal with dangers in all our operations at Zurich Airport, taking all our business divisions and relevant influencing factors into account. Risks from our international business are consolidated and viewed from the standpoint of their impact on the parent company. Our subsidiaries are therefore obliged to set up their own risk management systems to provide comprehensive and timely reporting to the parent company, and to monitor them in accordance with the oversight function of the relevant bodies. 
  • We evaluate risks both qualitatively and quantitatively wherever possible.
  • We choose the most cost-effective method of risk handling available to us (e.g. insurance, prevention) and are willing to bear certain risks ourselves, for instance if the cost/benefit ratio is unfavourable. 
  • We actively involve our business partners in managing risks. When transferring risks, we consider our own risk-bearing capacity and that of our business partner.

As risk owners, division heads are responsible for dealing with risks that arise solely or predominantly in their division.

Do you have any questions?

The ESG Team will be happy to help you.

  • esg@zurich-airport.com