Universal Registration Document 2022

R I SK AND R I SK MANAGEMENT 2 RISK FACTORS

5 - C: RISKS RELATED TO AVIATION SAFETY Groupe ADP is subject to particularly constraining civil aviation safety standards, non-compliance with which may have negative consequences for its airport management activity. Criticality + Change in 2022 Detailed description of the risk factor

Potential effects for the Group y Additional financial costs caused by compensation for all damages y Litigation and legal recourse Interconnected risks y Safety and security risks y Risks related to portfolio management y Risks related to data management

The safety of civil aviation is a priority for the air transport industry. Safety standards are established at a global level under the aegis of the International Civil Aviation Organization (ICAO). These measures include the standards and practices recommended by the ICAO and which the signatory states of the Chicago Convention of 7 December 1944 have undertaken to implement. They are not directly applicable and are only ascribed a regulatory value when they are transposed into the states’ national laws. For airports situated in the European Union, the applicable legal framework is set by European Community law and by the rules of the European Aviation Safety Agency (EASA), which reflect the ICAO’s recommended standards and practices. On this basis, the European Airport Security Certificate can be granted in accordance with the provisions of Regulation (EC) 2018/1139 of the European Parliament and of the Council of 20 February 2018. For airports situated in countries outside the European Union, Groupe ADP is subject to the current local certification processes. Violation of these standards is likely to jeopardise the safety of air transport, prevent the operation of airports and the group could be held liable. In addition, these standards could be strengthened, making Groupe ADP responsible for fulfilling additional obligations.

MAIN RISK MANAGEMENT SYSTEMS Groupe ADP has developed an internal compliance monitoring process, as set by the competent authority, for a period of two years and reinforced by monitoring actions targeted on critical

activities. 2022 saw the completion within the deadlines set by the competent authority of cycle 2 of the CDG and LBG monitoring plans as well as the start of cycle 3 at ORY.

156

AÉROPORTS DE PAR I S / UN I VERSAL REG I STRAT I ON DOCUMENT 2022

Made with FlippingBook - Online Brochure Maker