Published: December 18 2023
Budapest Airport (BUD) is the largest airport in Hungary and plays a significant role in the country's transportation sector. It is known for its contribution to Hungary's economy and its commitment to sustainability. In this article, we will explore the key factors that make Budapest Airport a leading Hungarian transport company.
Economic Impact and Global Recognition
Budapest Airport has been recognized for its significant contribution to Hungary's gross value added. According to a study by KPMG Consulting, the airport's contribution last year amounted to HUF 1,780 billion, equivalent to 2.7% of the country's GDP. Additionally, Budapest Airport ranks among the top 50 transport companies globally, highlighting its prominence in the industry.
Commitment to Sustainability
Budapest Airport prioritizes sustainability and continuously improves its environmental, social, and governance (ESG) performance. The airport operator has achieved a low risk rating in Sustainalytics' ESG assessment, demonstrating its dedication to incorporating ESG aspects into its investment decisions. This recognition places Budapest Airport at 49th out of 187 transport companies assessed worldwide and 995th out of 15,718 companies globally. The company's focus on ESG is evident through its Greenairport program, which aims to reduce the airport's carbon and ecological footprint.
Greener Aircraft and E-Mobility
As part of the Greenairport program, Budapest Airport collaborates with more than 40 partner companies to promote greener aviation. The airport encourages the use of new-generation aircraft, resulting in almost a third of aircraft movements being carried out by these environmentally-friendly planes between April and August. Moreover, Budapest Airport is actively investing in e-mobility, expanding its fleet of electric vehicles and developing the necessary charging infrastructure. The operator and its partner companies already utilize over 100 electric ground service vehicles, leading to a significant reduction in carbon dioxide emissions.
Future Plans and Partnerships
Budapest Airport is continuously working towards its environmental objectives and sustainability targets. The company plans to further develop its infrastructure and operations, including potential construction of a third terminal in collaboration with a Qatari investment company. By fostering partnerships with airlines and ground handling companies like Menzies Aviation, Budapest Airport aims to strengthen its position as a leading Hungarian transport company.
Budapest Airport stands out as a leading Hungarian transport company, making substantial contributions to the country's economy and prioritizing sustainability. Its achievements in economic impact, global recognition, greener aircraft, and e-mobility demonstrate the airport's commitment to excellence and innovation in the transportation sector.
Questions & Answers
What is Budapest Airport? Budapest Airport, also known as BUD, is the main international airport in Hungary and serves as a gateway to the country.
What is the contribution of Budapest Airport to Hungary's gross value added? According to a study by KPMG Consulting, Budapest Airport's contribution to Hungary's gross value added last year was estimated at HUF 1,780 billion, or 2.7% of GDP.
What is Budapest Airport's ranking among transport companies worldwide? Budapest Airport is ranked among the top 50 transport companies in the world.
What is the focus of Budapest Airport's sustainability efforts? Budapest Airport pays special attention to environmental, social, and governance (ESG) aspects in its investment decisions. The airport operator has achieved a low risk rating in ESG assessment and is ranked 49th out of 187 transport companies assessed worldwide.
What is the Greenairport program launched by Budapest Airport? The Greenairport program, launched in 2015, is an initiative by Budapest Airport to reduce the airport's carbon and ecological footprint. The program aims to make the operation of the airport greener and encourages aviation partners to adopt sustainable solutions.
What proportion of aircraft movements at Budapest Airport are carried out with new-generation aircraft? In the period from April to August, almost a third of aircraft movements at Budapest Airport were carried out with new-generation aircraft, which are more environmentally friendly than older types. This is one of the highest proportions in Europe.
What is the development of e-mobility at Budapest Airport? As part of its sustainability efforts, Budapest Airport is continuously expanding its fleet of electric vehicles and developing its e-charging infrastructure. The airport operator encourages its partner companies to develop e-mobility and already has a fleet of more than 100 electric ground service vehicles.
What is Menzies Aviation's role at Budapest Airport? Menzies Aviation is Budapest Airport's ground handling partner. They have become capable of fully electric ground handling, using electric equipment for passenger boarding, disembarkation, baggage loading, and other ground services. This helps reduce carbon dioxide emissions by up to 80 percent per aircraft compared to diesel-powered equipment.