Environmental Initiatives: Fraport AG Will Reforest 310 Hectares of Land in Hesse as Green Offset for Expanding Frankfurt Airport
Frankfurt, Germany (ots) - In conjunction with its planned expansion of
Frankfurt Airport, Fraport AG (FSE: FRA)Frankfurt Airport Services Worldwide
will reforest a total of 310 hectares of land at several locations in the state
of Hesse, Germany. Overall, Fraport AG will invest some EUR 100 million in
reforestation and nature conservation projects as green offsets for FRA's
expansion. A working group of the Darmstadt administrative district -
comprising representatives from the responsible authorities, forestry and
agriculture industries, environmental conservation groups, and Fraport AG - has
already identified 500 hectares in Hesse suitable for the reforestation
initiative. As a next step, Fraport will be contacting the respective
landowners in these areas to determine their interest in selling or providing
land for reforestation.
"We intend to create ecologically valuable areas in the Frankfurt/Rhine-Main
region of Hesse where we can develop these compensatory reforestation projects,"
said Dr. Wilhelm Bender, Fraport AG's executive board chairman. Furthermore,
Fraport will have forests in the direct airport vicinity reclassified at a
higher protection level, thus eliminating lumbering in these woodlands.
Embedded in Fraport AG's "Vision 2000Plus" guiding principles, environmental
protection is considered strategically vital for the company and its home base
Frankfurt Airport. Along with being committed to sustainable development,
Fraport has become a recognized leader in a wide range of airport-related
environmental technologies and concepts. Implemented in 1999, Fraport's
environmental management system (EMS) is based on the European Union's Eco
Management and Audit Scheme (EMAS) and is certified in accordance with the DIN
EN ISO 14001 environmental standard.