Environmental, Social, & Governance
Environmental, Social, & Governance LAWA strives to be economically sustainable, inclusive, and socially and environmentally responsible through its design, construction and operations. Increasingly, airports and other organizations have begun to adopt the ESG reporting framework. The framework was developed to help innovate inter-capital investment programs, increase organizational Governance E S G G
Look for the ESG icons throughout the report for metrics associated with LAWA’s ESG reporting.
efficiency, facilitate compliance, identify and mitigate risk, enable self-reflection on industry standards, and integrate purpose in organizational messaging. ESG frameworks are a valuable tool for investors and shareholders to analyze an organization’s practices. ESG reporting looks at key performance indicators (KPIs) to analyze an organizations performance commitment and innovation in environmental, social and governance topics. Historically, LAWA’s Annual Sustainability Reports have included KPIs that fit into the ESG framework. For the first time, LAWA initiatives that fit into ESG categories are identified with E, S, or G icons, as shown above, alongside the metric or story throughout this report. The next page includes definitions of the three categories and examples from this year’s Sustainability Report. While the majority of the Annual Sustainability Report incorporates environmental and social KPIs, additional information regarding LAWA’s governance is incorporated within this section.
Executive Board Structure and Oversight LAWA is a self-supporting department of the City of Los Angeles, which owns and operates two airports within its system: LAX and VNY. The Board of Airport Commissioners (BOAC) governs LAWA and includes seven members. Those on the BOAC are appointed by the Mayor of Los Angeles and approved by City Council to serve a five-year term. As of this publication, one seat is currently vacant. Current BOAC members include:
Beatrice C. Hsu BOAC President
Valeria C. Velasco BOAC Vice President
Matthew M. Johnson
Nicholas P. Roxborough
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