As part of its day-to-day business, every company has an impact on a wide array of stakeholders, and internal and external factors. In order to present these qualitative and quantitative interactions of the business model, Munich Airport has defined for itself the six types of capital of the IIRC. On the basis of changes in the capitals, the airport can demonstrate key cause-and-effect relationships.

Landside access and traffic development

Capitals Impact on capitals

– Investment by FMG in the planned construction of the railway tunnel eastward on airport land

– Financial support of communal infrastructure projects through regional funds

+ Increase in non-aviation proceeds

+ Increase in aviation proceeds

+ Improved performance of the infrastructure

+ Improved (rail) connection to the airport

+ Quicker realization of infrastructure projects
+ Increased marketing potential of real estate

+ Improved expertise in infrastructure expansion

+ Better connection to where employees live in eastern Bavaria

+ Greater employer attractiveness through improved accessibility

– Impact on the environment due to construction

+ Creation of valuable compensation areas for nature conservation

+ Burden on the environment is relieved by optimizing the flow of traffic and shifting traffic into public transport

+ Improved connection between the airport's hinterland and the entire southern Bavarian region and the Deutsche Bahn rail network

+ Burden on road transport is relieved

Expansion of the Lufthansa long-haul fleet

Capitals Impact on capitals

+ Increase in the revenue of loading and unloading service providers

+ Higher revenue in the retail and catering trade in the terminals

+ Improved competitive position

– Investments for adapting the infrastructure

– Acquisition costs for the new connections

+ Strengthening of the hub function

+ New direct connections

+ Upgrading and modernization of the equipment

+ Acquisition of new competencies (for example, handling of the new aircraft types)

+ Larger range of jobs on offer

+ Lower noise pollution thanks to new aircraft types such as the A350

+ Less environmental pollution due to lower fuel consumption

+ Emissions from the A380 far below the international limit values

– More aircraft movements

+ Positive effects in overall economic terms

+ Creation of around 500 new jobs

+ Improvement of the attractiveness of the catchment area for the economy and tourism

Terminal 1

Capitals Impact on capitals

+ Creation of sufficiently sized areas for high-quality 5-star handling of forecast passenger numbers, thus safeguarding passenger charges and additional commercial revenues

– Investment in/costs of construction

+ Increased value of the airport

+ Improvement in quality (of amenities) for passengers and upgrade for airlines based in T1

+ Increased efficiency of processes

+ Improved expertise in infrastructure expansion

+ Creation of new jobs through the establishment of further businesses and catering outlets

+ Opening of a canteen for employees working in the area of Terminal 1

+ Consideration of the latest official requirements (Energy Saving Ordinance, Eco design Directive)

- Minor burden caused by building measures

+ Meeting the demand for improved quality in the travel experience

Digital strategy

Capitals Impact on capitals

+ New business model and potential sources of revenue
- Costs of development and implementation plus running costs

+ Added value thanks to connectivity and digitization

+ Gaining and developing the relevant expertise
+ Increased level of automation
+ More effective IT support for business processes

+ Added appeal as an advanced company 

+ Streamlinded workflows and processes

+ Cutting-edge experience for customers and visitors
+ Higher standard of travel and time at the airport

Construction of the T2 Satellite

Capitals Impact on capitals

+ Income from operations
- Investments in construction
- Ongoing operating costs

+ Capacity expansion
+ Updating the infrastructure
+ Additional services

+ Growth during project development, construction and launch

+ More jobs

- Increased emissions resulting from construction
+ Lower emissions than in older buildings during operation
+ Reduction in emissions due to the aircraft stands being close to the building

+ Increased airport value
+ Increased appeal, new services

Climate protection strategy

Capitals Impact on capitals

+ Savings due to the early implementation of measures for increasing efficiency
– Expenses (that cannot be directly refinanced)

+ Added appeal on the real estate market
+ Added comfort for the user

+ Pioneering role
+ Expansion of the pool of knowledge through the development of suitable measures
+ Impulse for new ideas

+ Increased employer attractiveness

+ Lower CO2 emissions
+ Increased environmental awareness among customers and other companies thanks to the airport’s pioneering role

+ Better acceptance
+ Positive effect on image as a «corporate citizen» thanks to regional measures
+ Long-term commitment
+ Attainment of goals set out in policies

Construction of a third runway

Capitals Impact on capitals

+ Expected growth in revenue
+ Increased value-added effects (IHK study)
– Costs of construction

+ Increased capacity
+ Improved competitive position
+ Higher-capacity hub function

+ Improved expertise in airport expansion

+ Job security
+ Creation of new jobs

+ Less of a backlog during take-off and landing
+ Improved conditions in conservation areas
– Impact on the environment due to construction

+ Response to demand for greater mobility with the maximum possible efficiency 
+ Improving Bavaria’s status as a business location, and safeguarding that status in the long term
+  Increased value of Munich Airport, a publicly-owned asset 
– Noise pollution due to increase in air traffic

International business

Capitals Impact on capitals

+ Increased revenue and proceeds
+ Diversification of revenue
+ Improved forecasting for long-term projects

+ Smooth opening of T2 satellite building
+ Protecting against local site development risks

+ Level of knowledge increases with every project
+ Knowledge is fed back into the Group
+ Expanded portfolio of consultancy services
+ Stronger brand value for «M»

+ Diverse working environment
+ International environment
+ Interesting opportunities for career development
+ Project work

+ Introduction of higher environmental standards, for example in developing and emerging markets

+ Customers benefit from our expertise
+ Chance to benefit from growth opportunities in the worldwide aviation industry
+ Contribution to improving global aviation standards through networking

Professional development

Capitals Impact on capitals

– Costs for vocational and professional development measures: external professional development budget at FMG of 3.2 million euros

+ Airport Academy as an in-house training center

+ Ongoing advancement of knowledge among employees
+ Higher standard of leadership
+ Increased brand value

+ Personal and technical development
+ Improved employee satisfaction
+ Increased appeal as an employer

Not affected

+ Wide range of apprenticeships
+ High standard of service and quality at the airport