Assets
| Type | Time | Amount | Unit |
|---|---|---|---|
| ifrs-full:Assets | 2022-12-31 | 15271000000 | dkk |
| ifrs-full:Assets | 2021-12-31 | 15368000000 | dkk |
Revenue
| Type | Start date | End date | Amount | Unit |
|---|---|---|---|---|
| ifrs-full:Revenue | 2022-01-01 | 2022-12-31 | 3532000000 | dkk |
| ifrs-full:Revenue | 2021-01-01 | 2021-12-31 | 1761000000 | dkk |
XML
See the xml submitted here:
XML: http://regnskaber.virk.dk/40270741/amNsb3VkczovLzAzLzE3LzJiL2RlLzE4L2RlZGEtNDE4Ni05ODZiLTM1ODcxY2ZkMTBkNA.xml
Separator
The full data:
<?xml version="1.0" encoding="UTF-8" standalone="no"?>
<xbrli:xbrl xmlns:xbrli="http://www.xbrl.org/2003/instance"
xmlns="http://www.w3.org/1999/xhtml"
xmlns:arr="http://xbrl.dcca.dk/arr"
xmlns:ixt="http://www.xbrl.org/inlineXBRL/transformation/2020-02-12"
xmlns:cmn="http://xbrl.dcca.dk/cmn"
xmlns:sob="http://xbrl.dcca.dk/sob"
xmlns:link="http://www.xbrl.org/2003/linkbase"
xmlns:ifrs-full="http://xbrl.ifrs.org/taxonomy/2021-03-24/ifrs-full"
xmlns:iso4217="http://www.xbrl.org/2003/iso4217"
xmlns:ix="http://www.xbrl.org/2013/inlineXBRL"
xmlns:mrv="http://xbrl.dcca.dk/mrv"
xmlns:fsa="http://xbrl.dcca.dk/fsa"
xmlns:xbrldi="http://xbrl.org/2006/xbrldi"
xmlns:gsd="http://xbrl.dcca.dk/gsd"
xmlns:KOB="http://xbrl.cph.dk/2022-12-31"
xmlns:xlink="http://www.w3.org/1999/xlink"
id="DKGAAP"
xml:lang="en">
<link:schemaRef xlink:href="http://archprod.service.eogs.dk/taxonomy/20211001/entryDanishGAAPExcludingBalanceSheetIncomeStatementIncludingManagementsReview20211001.xsd"
xlink:type="simple"/>
<xbrli:context id="ctx-1">
<xbrli:entity>
<xbrli:identifier scheme="http://standards.iso.org/iso/17442">549300Z01GJGM7D3HQ74</xbrli:identifier>
</xbrli:entity>
<xbrli:period>
<xbrli:startDate>2022-01-01</xbrli:startDate>
<xbrli:endDate>2022-12-31</xbrli:endDate>
</xbrli:period>
<xbrli:scenario>
<xbrldi:explicitMember dimension="cmn:ConsolidatedSoloDimension">cmn:ConsolidatedMember</xbrldi:explicitMember>
</xbrli:scenario>
</xbrli:context>
<xbrli:context id="ctx-34">
<xbrli:entity>
<xbrli:identifier scheme="http://standards.iso.org/iso/17442">549300Z01GJGM7D3HQ74</xbrli:identifier>
</xbrli:entity>
<xbrli:period>
<xbrli:startDate>2022-01-01</xbrli:startDate>
<xbrli:endDate>2022-12-31</xbrli:endDate>
</xbrli:period>
<xbrli:scenario>
<xbrldi:explicitMember dimension="cmn:ConsolidatedSoloDimension">cmn:ConsolidatedMember</xbrldi:explicitMember>
<xbrldi:typedMember dimension="cmn:IdentificationOfMemberOfSupervisoryBoardDimension">
<cmn:memberOfBoardIdentifier>1</cmn:memberOfBoardIdentifier>
</xbrldi:typedMember>
</xbrli:scenario>
</xbrli:context>
<xbrli:context id="ctx-35">
<xbrli:entity>
<xbrli:identifier scheme="http://standards.iso.org/iso/17442">549300Z01GJGM7D3HQ74</xbrli:identifier>
</xbrli:entity>
<xbrli:period>
<xbrli:startDate>2022-01-01</xbrli:startDate>
<xbrli:endDate>2022-12-31</xbrli:endDate>
</xbrli:period>
<xbrli:scenario>
<xbrldi:explicitMember dimension="cmn:ConsolidatedSoloDimension">cmn:ConsolidatedMember</xbrldi:explicitMember>
<xbrldi:typedMember dimension="cmn:IdentificationOfMemberOfSupervisoryBoardDimension">
<cmn:memberOfBoardIdentifier>2</cmn:memberOfBoardIdentifier>
</xbrldi:typedMember>
</xbrli:scenario>
</xbrli:context>
<xbrli:context id="ctx-36">
<xbrli:entity>
<xbrli:identifier scheme="http://standards.iso.org/iso/17442">549300Z01GJGM7D3HQ74</xbrli:identifier>
</xbrli:entity>
<xbrli:period>
<xbrli:startDate>2022-01-01</xbrli:startDate>
<xbrli:endDate>2022-12-31</xbrli:endDate>
</xbrli:period>
<xbrli:scenario>
<xbrldi:explicitMember dimension="cmn:ConsolidatedSoloDimension">cmn:ConsolidatedMember</xbrldi:explicitMember>
<xbrldi:typedMember dimension="cmn:IdentificationOfMemberOfSupervisoryBoardDimension">
<cmn:memberOfBoardIdentifier>3</cmn:memberOfBoardIdentifier>
</xbrldi:typedMember>
</xbrli:scenario>
</xbrli:context>
<xbrli:context id="ctx-37">
<xbrli:entity>
<xbrli:identifier scheme="http://standards.iso.org/iso/17442">549300Z01GJGM7D3HQ74</xbrli:identifier>
</xbrli:entity>
<xbrli:period>
<xbrli:startDate>2022-01-01</xbrli:startDate>
<xbrli:endDate>2022-12-31</xbrli:endDate>
</xbrli:period>
<xbrli:scenario>
<xbrldi:explicitMember dimension="cmn:ConsolidatedSoloDimension">cmn:ConsolidatedMember</xbrldi:explicitMember>
<xbrldi:typedMember dimension="cmn:IdentificationOfMemberOfSupervisoryBoardDimension">
<cmn:memberOfBoardIdentifier>4</cmn:memberOfBoardIdentifier>
</xbrldi:typedMember>
</xbrli:scenario>
</xbrli:context>
<xbrli:context id="ctx-38">
<xbrli:entity>
<xbrli:identifier scheme="http://standards.iso.org/iso/17442">549300Z01GJGM7D3HQ74</xbrli:identifier>
</xbrli:entity>
<xbrli:period>
<xbrli:startDate>2022-01-01</xbrli:startDate>
<xbrli:endDate>2022-12-31</xbrli:endDate>
</xbrli:period>
<xbrli:scenario>
<xbrldi:explicitMember dimension="cmn:ConsolidatedSoloDimension">cmn:ConsolidatedMember</xbrldi:explicitMember>
<xbrldi:typedMember dimension="cmn:IdentificationOfMemberOfSupervisoryBoardDimension">
<cmn:memberOfBoardIdentifier>5</cmn:memberOfBoardIdentifier>
</xbrldi:typedMember>
</xbrli:scenario>
</xbrli:context>
<xbrli:context id="ctx-39">
<xbrli:entity>
<xbrli:identifier scheme="http://standards.iso.org/iso/17442">549300Z01GJGM7D3HQ74</xbrli:identifier>
</xbrli:entity>
<xbrli:period>
<xbrli:startDate>2022-01-01</xbrli:startDate>
<xbrli:endDate>2022-12-31</xbrli:endDate>
</xbrli:period>
<xbrli:scenario>
<xbrldi:explicitMember dimension="cmn:ConsolidatedSoloDimension">cmn:ConsolidatedMember</xbrldi:explicitMember>
<xbrldi:typedMember dimension="cmn:IdentificationOfMemberOfSupervisoryBoardDimension">
<cmn:memberOfBoardIdentifier>6</cmn:memberOfBoardIdentifier>
</xbrldi:typedMember>
</xbrli:scenario>
</xbrli:context>
<xbrli:context id="ctx-40">
<xbrli:entity>
<xbrli:identifier scheme="http://standards.iso.org/iso/17442">549300Z01GJGM7D3HQ74</xbrli:identifier>
</xbrli:entity>
<xbrli:period>
<xbrli:startDate>2022-01-01</xbrli:startDate>
<xbrli:endDate>2022-12-31</xbrli:endDate>
</xbrli:period>
<xbrli:scenario>
<xbrldi:explicitMember dimension="cmn:ConsolidatedSoloDimension">cmn:ConsolidatedMember</xbrldi:explicitMember>
<xbrldi:typedMember dimension="cmn:IdentificationOfMemberOfSupervisoryBoardDimension">
<cmn:memberOfBoardIdentifier>7</cmn:memberOfBoardIdentifier>
</xbrldi:typedMember>
</xbrli:scenario>
</xbrli:context>
<xbrli:context id="ctx-42">
<xbrli:entity>
<xbrli:identifier scheme="http://standards.iso.org/iso/17442">549300Z01GJGM7D3HQ74</xbrli:identifier>
</xbrli:entity>
<xbrli:period>
<xbrli:startDate>2022-01-01</xbrli:startDate>
<xbrli:endDate>2022-12-31</xbrli:endDate>
</xbrli:period>
<xbrli:scenario>
<xbrldi:explicitMember dimension="cmn:ConsolidatedSoloDimension">cmn:ConsolidatedMember</xbrldi:explicitMember>
<xbrldi:typedMember dimension="cmn:IdentificationOfMemberOfSupervisoryBoardDimension">
<cmn:memberOfBoardIdentifier>8</cmn:memberOfBoardIdentifier>
</xbrldi:typedMember>
</xbrli:scenario>
</xbrli:context>
<xbrli:context id="ctx-41">
<xbrli:entity>
<xbrli:identifier scheme="http://standards.iso.org/iso/17442">549300Z01GJGM7D3HQ74</xbrli:identifier>
</xbrli:entity>
<xbrli:period>
<xbrli:startDate>2022-01-01</xbrli:startDate>
<xbrli:endDate>2022-12-31</xbrli:endDate>
</xbrli:period>
<xbrli:scenario>
<xbrldi:explicitMember dimension="cmn:ConsolidatedSoloDimension">cmn:ConsolidatedMember</xbrldi:explicitMember>
<xbrldi:typedMember dimension="cmn:IdentificationOfMemberOfSupervisoryBoardDimension">
<cmn:memberOfBoardIdentifier>9</cmn:memberOfBoardIdentifier>
</xbrldi:typedMember>
</xbrli:scenario>
</xbrli:context>
<xbrli:context id="ctx-43">
<xbrli:entity>
<xbrli:identifier scheme="http://standards.iso.org/iso/17442">549300Z01GJGM7D3HQ74</xbrli:identifier>
</xbrli:entity>
<xbrli:period>
<xbrli:startDate>2022-01-01</xbrli:startDate>
<xbrli:endDate>2022-12-31</xbrli:endDate>
</xbrli:period>
<xbrli:scenario>
<xbrldi:explicitMember dimension="cmn:ConsolidatedSoloDimension">cmn:ConsolidatedMember</xbrldi:explicitMember>
<xbrldi:typedMember dimension="cmn:IdentificationOfMemberOfExecutiveBoardDimension">
<cmn:memberOfBoardIdentifier>1</cmn:memberOfBoardIdentifier>
</xbrldi:typedMember>
</xbrli:scenario>
</xbrli:context>
<xbrli:context id="ctx-33">
<xbrli:entity>
<xbrli:identifier scheme="http://standards.iso.org/iso/17442">549300Z01GJGM7D3HQ74</xbrli:identifier>
</xbrli:entity>
<xbrli:period>
<xbrli:startDate>2021-01-01</xbrli:startDate>
<xbrli:endDate>2021-12-31</xbrli:endDate>
</xbrli:period>
<xbrli:scenario>
<xbrldi:explicitMember dimension="cmn:ConsolidatedSoloDimension">cmn:ConsolidatedMember</xbrldi:explicitMember>
</xbrli:scenario>
</xbrli:context>
<xbrli:context id="ctx-44">
<xbrli:entity>
<xbrli:identifier scheme="http://standards.iso.org/iso/17442">549300Z01GJGM7D3HQ74</xbrli:identifier>
</xbrli:entity>
<xbrli:period>
<xbrli:startDate>2022-01-01</xbrli:startDate>
<xbrli:endDate>2022-12-31</xbrli:endDate>
</xbrli:period>
<xbrli:scenario>
<xbrldi:explicitMember dimension="cmn:ConsolidatedSoloDimension">cmn:ConsolidatedMember</xbrldi:explicitMember>
<xbrldi:typedMember dimension="cmn:IdentificationOfAuditorDimension">
<cmn:auditorIdentifier>1</cmn:auditorIdentifier>
</xbrldi:typedMember>
</xbrli:scenario>
</xbrli:context>
<xbrli:context id="ctx-2">
<xbrli:entity>
<xbrli:identifier scheme="http://standards.iso.org/iso/17442">549300Z01GJGM7D3HQ74</xbrli:identifier>
</xbrli:entity>
<xbrli:period>
<xbrli:startDate>2022-01-01</xbrli:startDate>
<xbrli:endDate>2022-12-31</xbrli:endDate>
</xbrli:period>
<xbrli:scenario>
<xbrldi:explicitMember dimension="cmn:ConsolidatedSoloDimension">cmn:ConsolidatedMember</xbrldi:explicitMember>
<xbrldi:typedMember dimension="cmn:IdentificationOfAuditorDimension">
<cmn:auditorIdentifier>2</cmn:auditorIdentifier>
</xbrldi:typedMember>
</xbrli:scenario>
</xbrli:context>
<xbrli:unit id="pure">
<xbrli:measure>xbrli:pure</xbrli:measure>
</xbrli:unit>
<gsd:IdentificationNumberCvrOfReportingEntity contextRef="ctx-1" id="pp-value-4-1" xml:lang="en">14707204</gsd:IdentificationNumberCvrOfReportingEntity>
<gsd:TelephoneNumberOfReportingEntity contextRef="ctx-1" xml:lang="en">+45 3231 3231</gsd:TelephoneNumberOfReportingEntity>
<gsd:RegisteredOfficeOfReportingEntity contextRef="ctx-1" id="pp-value-8-1" xml:lang="en">TÃ¥rnby</gsd:RegisteredOfficeOfReportingEntity>
<mrv:StatementOfCorporateSocialResponsibility contextRef="ctx-1" id="pp-value-12-1" xml:lang="en">CORPORA<span xmlns="http://www.w3.org/1999/xhtml" class="_ _1"/>TE RESPONSIBILITY A year <span xmlns="http://www.w3.org/1999/xhtml" class="ws0"> </span>of changesAs the world started to recover from the impacts of the global COVID-19 pandemic, it was hit by another crisis â one that once again showed how interconnected we all are. Globalisation, for all its benefits, also means thatregional crises can quickly escalate into global crises. The Russian invasion of Ukraine and subse-Energy savings at the heart quent waves of refugees in Eur<span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/>ope, the of our climate efforts disruption of the supply of natural gas from Copenhagen Airports A/S is home to more Russia to Europe, and the r<span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/>esulting energy than 850 companies with a total energy crisis and rising inï¬ation yet again demon-consumption equivalent to 23,000 average strated the relevance of and need for str<span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/>ong Danish households. As energy costs soared ESG policies. Those strategies will help through the summer of 2022, our monthly companies navigate the uncertain and energy payments tripled. A looming Europeanchallenging times we live in.energy crisis with the threat of energy ration<span xmlns="http://www.w3.org/1999/xhtml" class="_ _28"/>ing and power cuts further increased Developments in our European backyar<span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/>d the pr<span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/>essur<span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/>e on our energy supply security<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>. wer<span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/>e also reï¬ected her<span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/>e at CPH. We did our It also increased the need for us to ensur<span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/>e best to welcome Ukrainian women and sufficient energy availability for essential useschildren to their temporary country of during winter for our own operations and residence and made a special ef<span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/>fort to society at large. In these serious conditions, comfort the children. T<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>ogether with our CPH is fortunate to have a long tradition of employees and passengers, we donated to responsible energy management to draw on.the relief ef<span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/>forts via our partnership with Our ISO 50001 Energy Management certifi-UNICEF<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>. W<span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/>e remain hopeful that better cation meant we were quickly able to identifytimes will come.and implement extraordinary<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>, non<span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/>-es<span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/>sen<span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/>tial energy reductions in the autumn. Corporate r<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>esponsibilityT<span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/>AXONOMY2022 EU T<span xmlns="http://www.w3.org/1999/xhtml" class="_ _1d"/>axonomy ReportThe EU T<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>axonomy is a classification system for determining sustainable economic activities. Publicly traded companies, subject to Directive 2013/34/EU of the European Parliament and of the Council of 26 June 2013, are obliged to report on the share of revenue¹, CAPEX and OPEX eligible and/or aligned, respectively<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>. CPH interprets eligible activities as activities described in the 23Delegated Acts. Aligned activities are economic activities, that in addition to eligibility<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>, meet the 45Substantial contribution, Do no significant harm and Minimum safeguards criteria.T<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>axonomy eligibilityof the T<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>axonomy Regulation. No activities CPH conducted an initial screening and inter-in 2022 are consider<span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/>ed to have contributed pretation of the criteria in 2021, and in 2022, substantially to climate change adaptation following refinement of our interpr<span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/>etation and, consequently<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>, the bulk of CPHâ<span xmlns="http://www.w3.org/1999/xhtml" class="_ _1"/>s activitiesof the T<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>axonomy Regulation, we included is reported under Article 10(3) climate additional activities, such as 7.2 Renovation change mitigation.of existing buildings and 7.7 Acquisition and ownership of buildings in addition to 6.17 By supporting the transition to a climate- Low carbon airport infrastructure into our neutral economy<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>, CPH works continuously eligible activities. Several activities regar<span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/>ding to provide low-carbon alternatives that construction and ownership of infrastructure qualify as contributing substantially to were deemed at risk of overlapping and have climate change mitigation. Examples of this been consolidated into activity 7.7 to avoid include providing infrastructur<span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/>e to support double counting.electrical charging stations for aircraft that will eventually be electrified, and a fuelling Substantial contributioninfrastructure that will eventually support CPH assessed its substantial contribution efficient pr<span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/>ovision of sustainable aviation fueltowards both climate change mitigation and in line with the technical screening criteria 6climate change adaptation, the delegated outlined in activity 6.17.acts pursuant to Articles 10(3) and 11(3) CPH also owns and operates buildings in connection with the airport. All construction and renovation activities follow the Executiveorder on building r<span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/>egulations 2018 (BR18). None of the renovation activities in 2022 metthe criteria for substantial contribution. 33%of CPHâ<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>s buildings meet the criteria outlined in the aforementioned Annex pursuant to activity 7.7 and thus substantially contribute to climate change mitigation.Do no significant harmThe Do no significant harm (DNSH) criteria have been validated in accordance with the technical screening criteria for the published environmental objectives. For each eligible economic activity<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>, CPH has assessed whether<span xmlns="http://www.w3.org/1999/xhtml" class="_ _28"/> the performance of these activities do not significantly harm the other environmental ob-jectives set out in Regulation (EU) 2020/852.Climate change adaptationCPH is close to the sea on the island of Amager<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>, the highest point of which is just<span xmlns="http://www.w3.org/1999/xhtml" class="_ _28"/> eight metres above sea level. For this r<span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/>eason, climate change and rising sea levels are naturally matters of concern for both local residents and the authorities. CPH is working with the municipalities on Amager and the state landowners to come up with joint solutions to protect the entir<span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/>e island from ï¬ooding. The state has now taken the lead in a joint pilot study of storm surge protection inthe Copenhagen area. CPH r<span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/>emains involved in the project and backs a coor<span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/>dinated approach to both the challenges faced and potential solutions to safeguard Amager and Greater Copenhagen. CPH is categorised as critical infrastructure and for this reason, climate and envir<span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/>onmentarisk assessments are integrated parts of 2018/851, and hence follows the waste hier-The documentation requir<span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/>ements for 10operations at CPH. A general risk assessment archy described. CPH is curr<span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/>ently establishing Minimum safeguards are still not fully is performed on an ad hoc basis, whereas procedur<span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/>es to retain documentation that defined. However<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>, the final report indicates specific climate adaptation risks are consider<span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/>ed 70% of construction and demolition waste that to comply with Minimum safeguards as part of development planning for all major is prepar<span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/>ed for reuse, recycling or other companies should:projects wher<span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/>e a significant risk has been material recovery<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>. identified, based on best practice and available 1. <span xmlns="http://www.w3.org/1999/xhtml" class="_ _7"/>Have adequate due diligence processes guidance, such as the Intergovernmental Pollution prevention and contr<span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/>olon human rights, including labour rights, Panel on Climate Change reports. Climate Several measures have been implemented to bribery<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>, taxation and fair competition.risks are evaluated as part of CPHâ<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>s Enterprise reduce the risk to stakeholders, such as 2. <span xmlns="http://www.w3.org/1999/xhtml" class="_ _7"/>Not be convicted in court in respect to anyRisk Management structure (see <span xmlns="http://www.w3.org/1999/xhtml" class="fc1">page 65</span><span xmlns="http://www.w3.org/1999/xhtml" class="ws2b">). </span>neighbours and construction workers (see of these topics.CPH has documented our climate adaptation page 49<span xmlns="http://www.w3.org/1999/xhtml" class="fc2"> for further information). The legal </span>3. <span xmlns="http://www.w3.org/1999/xhtml" class="_ _7"/>Collaborate with National Contact Points risks and either implemented or is drawing framework for managing chemicals is divided (NCPs), and be assessed as compliant withup adaptation solutions in close collaboration between EU legislative acts and national OECD guidelines by an OECD NCP<span xmlns="http://www.w3.org/1999/xhtml" class="_ _e"/>.with stakeholders (see <span xmlns="http://www.w3.org/1999/xhtml" class="fc1">pages 40-42</span><span xmlns="http://www.w3.org/1999/xhtml" class="ws2b">). </span>legislative acts. EU Regulations concerning 4. <span xmlns="http://www.w3.org/1999/xhtml" class="_ _7"/>Respond to allegations from Business and 8chemicals are dir<span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/>ectly applicable in Denmark.Human Rights Resource Centr<span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/>e.Sustainable use and protection of water and marine resour<span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/>cesProtection and r<span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/>estoration of biodiversity CPH has several policies and governance Environmental impact assessments (EIA) ar<span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/>e and ecosystemsprocedur<span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/>es to ensure compliance. CPHâ<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>s due conducted as part of new major project devel-An Environmental Impact Assessment has diligence processes ar<span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/>e described on <span xmlns="http://www.w3.org/1999/xhtml" class="fc1">pages </span>7opments. A screening is always conducted as been conducted for CPH, and the Danish 58-59<span xmlns="http://www.w3.org/1999/xhtml" class="fc2">. CPH has not been part of legal cases </span>a first step and followed by an EIA if the rel-Authorities have implemented the Directive in respect to any of these topics. Neither has evant authorities deem it necessary<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>. Directive 2011/92/EU of the European Parliament and CPH had any allegations or complaints raised2000/60/EC has been transposed in Danish of the Council into law<span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/>. CPH has appr<span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/>oxi-at the NCPs or the Business and Human Law<span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/>, which means that risks to water and mately seven acres of pr<span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/>otected area within its Rights Resource Centr<span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/>e. For the reasons marine resour<span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/>ces are regularly evaluated. CPH perimeter<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>. Where necessary<span xmlns="http://www.w3.org/1999/xhtml" class="_ _1"/>, CPH implements outlined above, we consider CPH compliant has a water management system in place, measures to r<span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/>educe our negative impact.with Minimum safeguards and will continue which among other things seeks to increase our focus on improving this the use of secondary water (see <span xmlns="http://www.w3.org/1999/xhtml" class="fc1">page 45</span><span xmlns="http://www.w3.org/1999/xhtml" class="ws2b">).</span>Minimum safeguardsarea even further<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>.CPH is requir<span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/>ed to meet certain minimum 9T<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>ransition to a circular economysafeguards as they pertain to human and KPIsCPH is currently drafting its cir<span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/>cular economy labour rights, specified in the UN Guiding T<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>axonomy eligibility and alignment is expressedstrategy<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>, which includes setting new targets Principles for Business and Human Rights, with three KPIs calculated as the part of for the use, reuse and r<span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/>ecycling of resources. ILOâ<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>s Eight Core Conventions and OECD revenue, CAPEX and OPEX that is T<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>axonomy-The action plan encompasses building and Guidelines for Multinational Enterprises (see eligible and T<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>axonomy-aligned (numerator) construction waste. pages 58-59<span xmlns="http://www.w3.org/1999/xhtml" class="fc2">), as well as other international </span>divided by total revenue, CAPEX and OPEX. standards r<span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/>elated to taxation (see page 61), Each activity is considered individually for Denmark has also implemented Directive fair competition and corruption/bribery (see each KPI; hence an economic activity does 2008/98/EC on waste and Directive (EU) pages 58-59<span xmlns="http://www.w3.org/1999/xhtml" class="fc2">). </span>not have to generate revenue to be consid-ered as eligible CAPEX or OPEX. Financial our accounting policies for further details Numeratordata is based on IFRS and linked to Group of how we calculate CAPEX (<span xmlns="http://www.w3.org/1999/xhtml" class="fc1">page 80</span>). OPEX related to assets or pr<span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/>ocesses asso-financial reporting, and the figur<span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/>es have been CAPEX consists of investments related to ciated with T<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>axonomy-aligned activities, derived from our existing financial system. construction, acquisition and maintenance including training and other human resour<span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/>cesFor accounting principles in CPHâ<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>s financial of buildings. Investments related to e.g., IT adaptation needs, and direct non-capitalised reporting see <span xmlns="http://www.w3.org/1999/xhtml" class="fc1">page 83</span>.infrastructure ar<span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/>e excluded. costs that repr<span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/>esent research and develop-ment. Building renovations ar<span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/>e excluded to KPI for revenueNumeratorreduce the risk of double counting.The proportion of T<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>axonomy-eligible activities T<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>axonomy-eligible CAPEX is defined as has been calculated as net revenue fr<span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/>om already r<span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/>elated to a T<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>axonomy-aligned activity The T<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>axonomy Regulation requires OPEX products and services associated with as described in the delegated acts.to be identified and allocated directly to T<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>axonomy-eligible activities divided by total each economic activity without the use net revenue. Denominatorof allocation keys. However<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>, this is only CPHâ<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>s additions to tangible and intangible currently possible for activities under 6.17. Numeratorassets (âAdditionsâ) during the financial year Consequently<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>, OPEX related to other activitiesRevenue generated from pr<span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/>oducts or services, considered befor<span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/>e depreciation, amortisation is not considered aligned with the EU including intangible assets, associated with and any re-measur<span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/>ements, including those T<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>axonomy<span xmlns="http://www.w3.org/1999/xhtml" class="_ _1"/>. T<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>axonomy-eligible activities. Only revenues resulting fr<span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/>om revaluations and impairments, derived from ownership of the building for the relevant financial year and excluding Denominator(rent, parking, and concession r<span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/>evenue) are fair value changes. OPEX that covers direct non-capitalised costs 11included. âT<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>raffic revenuesâ and âother sales that relate to r<span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/>esearch and development, of servicesâ are excluded. Other sales of KPI for OPEXbuilding renovation measur<span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/>es, short-term services have been excluded as they cannot OPEX is defined as T<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>axonomy-eligible OPEX leases, maintenance and repair<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>, and any be specified adequately to be allocated as divided by total OPEX (âT<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>otal external costs'). other direct expenditur<span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/>es relating to the eligible revenue. However<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>, the EU T<span xmlns="http://www.w3.org/1999/xhtml" class="_ _1"/>axonomy defines OPEX day-to-day servicing of property<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>, plant and differ<span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/>ently from IFRS as it only considers equipment by CPH or third-parties. Denominatordirect costs for:Net revenue r<span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/>ecognised in accordance with The assessment of CPHâ<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>s taxonomy-aligned IF<span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/>RS<span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/> as specified on <span xmlns="http://www.w3.org/1999/xhtml" class="fc1">page 83 </span>in the Annual ⢠<span xmlns="http://www.w3.org/1999/xhtml" class="_ _20"> </span> <span xmlns="http://www.w3.org/1999/xhtml" class="_ _64"/>Research and development, excluding economic activities is performed annually andReport. overheadsreported in connection with annual manage-⢠<span xmlns="http://www.w3.org/1999/xhtml" class="_ _20"> </span>Building renovationsment reporting. CPHâ<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>s internal processes for KPI for CAPEX⢠<span xmlns="http://www.w3.org/1999/xhtml" class="_ _20"> </span>Short-term lease agreementsaddressing the technical scr<span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/>eening criteria CAPEX is defined as T<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>axonomy-eligible ⢠<span xmlns="http://www.w3.org/1999/xhtml" class="_ _20"> </span>Maintenance/upkeep and repairsfor both Substantial contribution, Do no CAPEX divided by total CAPEX. The total ⢠<span xmlns="http://www.w3.org/1999/xhtml" class="_ _20"> </span> <span xmlns="http://www.w3.org/1999/xhtml" class="_ _64"/>Any other direct expenditure r<span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/>elated to significant harm and Minimum safeguards in CAPEX consists of additions to tangible and the routine maintenance of tangible assets operations are also r<span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/>e-evaluated annually<span xmlns="http://www.w3.org/1999/xhtml" class="_ _1"/>. intangible fixed assets before depr<span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/>eciation, by the company or by the third party to amortisation and any re-measur<span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/>ements. It whom activities are outsour<span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/>ced that are includes acquisitions of property plant and necessary to ensure the continued and equipment, intangible assets, leases with effective functioning of such assets.usage rights and investment properties. See CLIMA<span xmlns="http://www.w3.org/1999/xhtml" class="_ _1"/>TENew initiatives pave theway towar<span xmlns="http://www.w3.org/1999/xhtml" class="_ _1"/>ds net zer<span xmlns="http://www.w3.org/1999/xhtml" class="_ _1"/>oOur work to reduce CO <span xmlns="http://www.w3.org/1999/xhtml" class="ff5 fsa">emissions in all three scopes continued in </span>22022, despite higher emissions due to increased traffic. With new initiatives and the achievement of the highest certification level in the Airport Carbon Accreditation scheme, CPH carried on the work to implement our climate programme. 2022 was the year when passengers returnedto CPH after the COVID-19 pandemic an<span xmlns="http://www.w3.org/1999/xhtml" class="_ _28"/>d <span xmlns="http://www.w3.org/1999/xhtml" class="_ _28"/>t<span xmlns="http://www.w3.org/1999/xhtml" class="_ _28"/>woyears of strikingly low passenger nu<span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/>mb<span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/>ers<span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/>. Despite an extraordinarily sharp focus on <span xmlns="http://www.w3.org/1999/xhtml" class="_ _28"/>C<span xmlns="http://www.w3.org/1999/xhtml" class="_ _28"/>PH<span xmlns="http://www.w3.org/1999/xhtml" class="_ _28"/>â<span xmlns="http://www.w3.org/1999/xhtml" class="_ _1"/>senergy consumption, our scope 1 an<span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/>d <span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/>2 C<span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/>O2emissions increased slightly compar<span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/>ed to 2021 (see illustration on next page), mainly due to the significant increase in passenger numbers. Scope 3 emissions increased in 2022 compared to 2021. This is because the total number of operations increased by 84% (from 109,925 in 2021 to 202,262 in 2022) as air traffic appr<span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/>oached pre-pandemic levels (2019).Highest level in Airport emissions and business travel. CPH is one Carbon Accreditation of 33 airports globally to have achieved Airport Carbon Accreditation is the only accreditation level 4+.global scheme to specifically address CO2emissions from airports. CPH has been en-1,350 charging stations to be rolled in the scheme since 2013, and at the installed at CPH very start of 2023 we achieved the highest By 2030, all vehicles used at CPH must be level of accreditation: 4+ T<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>ransition. zero-emission. Fortunately<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>, the transition to electric vehicles is happening fast â both This requir<span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/>es us to formulate a long-term cli-at CPH and in society at large, which of mate objective in line with the 1.5°C or 2°C course requir<span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/>es enhanced electrification and pathways outlined by the International Panel charging infrastructure. on Climate Change (IPCC). It also requir<span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/>es us to maintain our CO-neutral status by In 2022, CPH and the multipurpose utility 2compensating for excess scope 1 and 2 COgroup EWII enter<span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/>ed into an agreement to instal2Our goal is a net zero airportMilestones for achieving this:2030Net zero airport and gr<span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/>ound transportEliminating all carbon emissionsfrom CPH and tenants, airside ground transport and surface traffic to and fr<span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/>om the airport (scope 1 &amp; 2 + part of scope 3)2050Net zero total airport operationsNet zero carbon emissions in all three scopes, i.e. airport operations have no or minimal impact on the climate due to improved operations, new technology and sustainable fuelsAirport Carbon Accreditation is a global carbon man-agement certificationprogramme for airports, which inde-pendently assesses airportsâ efforts to manage and reduce emissions. CPH hasachieved what is currently the highest level of accreditation: 4+ T<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>ransition.1,350 charging points over the coming years.This will be Denmarkâ<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>s largest number of charging points at one company address to date. The chargers will be accessible to our passengers and employees, and will service our own and our airport partnersâ vehicles. T<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>axi management for better air quality CPH is Denmarkâ<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>s largest taxi rank with between 5,000 and 6,000 taxi rides to and from the airport every day<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>. Naturally<span xmlns="http://www.w3.org/1999/xhtml" class="_ _1"/>, environ-mentally friendly and zero-emission vehicles play a big part in both ensuring better air quality and reducing CO emissions at CPH. 2The system operated by the airportâ<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>s taxi management services gives environmentally friendly taxis priority in the queue, and this has paid off. Zero-emission vehicles have up to a 25-minutehead start over diesel or petrol vehicles in CPHâ<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>s taxi queue, an initiative the taxi indus-try has embraced with enthusiasm. T<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>oday<span xmlns="http://www.w3.org/1999/xhtml" class="_ _1"/>, 49% of taxis at CPH run on electricity or hydrogen with zer<span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/>o emissions. For compari-son, just over one in four taxis in Denmark as a whole run on electricity or hydrogen. T<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>ransition to net zeroThe transition to net zero fr<span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/>om aviation by 2050 depends on two things: aircraft convert-ing to renewable energy sour<span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/>ces as fuel, and airports offering infrastructur<span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/>e to facilitate the air traffic of the futur<span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/>e. New solutions need to be developed and rolled out globally on both fronts.CPH is working actively to accelerate the development towards decarbonised aviation.This work continued in 2022 with our two ï¬agship projects: Alight and Gr<span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/>een Fuels for Denmark.ENERGYIncr<span xmlns="http://www.w3.org/1999/xhtml" class="_ _1"/>eased focus on energy savings at CPHIn a year shaped by the biggest energy crisis in Europe since the 1970s, CPHâ<span xmlns="http://www.w3.org/1999/xhtml" class="_ _1"/>s energy management efforts proved the key to gaining control over soaring energy prices. Our energy management effort also helped minimise the pressure on the energy supply<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>, thus safeguarding supplies to vital parts of Danish society throughout winter<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>.With an annual energy consumption sa<span xmlns="http://www.w3.org/1999/xhtml" class="_ _28"/>vi<span xmlns="http://www.w3.org/1999/xhtml" class="_ _28"/>n<span xmlns="http://www.w3.org/1999/xhtml" class="_ _28"/>gs<span xmlns="http://www.w3.org/1999/xhtml" class="_ _28"/>.<span xmlns="http://www.w3.org/1999/xhtml" class="_ _28"/> CPHâ<span xmlns="http://www.w3.org/1999/xhtml" class="_ _1"/>s long-term work on energy which are alr<span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/>eady being implemented or are equivalent to that of a medium-sized Danish management and our ISO 50001 certification scheduled for implementation. town, or 23,000 households, CPH is a major we<span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/>r<span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/>e a<span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/>bs<span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/>ol<span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/>ute<span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/>ly<span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/> crucial to our ability to get to offtaker in the Danish energy system.work on this quickly and effectively in late Energy management and energy savings are summer<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>. In the course of just a few weeks, key elements of CPHâ<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>s climate programme In 2022, the energy supply came under plans were drawn up to implement extraor<span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/>di-and climate targets. In 2022, we updated pressur<span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/>e from the European energy crisis nary me<span xmlns="http://www.w3.org/1999/xhtml" class="_ _28"/>asures to reduce energy consumption our forecasts to include the additional energytriggered by the Russian invasion of Ukraine. im<span xmlns="http://www.w3.org/1999/xhtml" class="_ _28"/>me<span xmlns="http://www.w3.org/1999/xhtml" class="_ _28"/>d<span xmlns="http://www.w3.org/1999/xhtml" class="_ _28"/>ia<span xmlns="http://www.w3.org/1999/xhtml" class="_ _28"/>t<span xmlns="http://www.w3.org/1999/xhtml" class="_ _28"/>el<span xmlns="http://www.w3.org/1999/xhtml" class="_ _28"/>y <span xmlns="http://www.w3.org/1999/xhtml" class="_ _28"/>a<span xmlns="http://www.w3.org/1999/xhtml" class="_ _28"/>nd<span xmlns="http://www.w3.org/1999/xhtml" class="_ _28"/>,<span xmlns="http://www.w3.org/1999/xhtml" class="_ _28"/> at the same time, bring<span xmlns="http://www.w3.org/1999/xhtml" class="_ _28"/> savings towards 2030. Both the Danish government and the EU forward scheduled cost-effec<span xmlns="http://www.w3.org/1999/xhtml" class="_ _28"/>tiv<span xmlns="http://www.w3.org/1999/xhtml" class="_ _28"/>e <span xmlns="http://www.w3.org/1999/xhtml" class="_ _28"/>en<span xmlns="http://www.w3.org/1999/xhtml" class="_ _28"/>er<span xmlns="http://www.w3.org/1999/xhtml" class="_ _28"/>gy<span xmlns="http://www.w3.org/1999/xhtml" class="_ _28"/>-sa<span xmlns="http://www.w3.org/1999/xhtml" class="_ _28"/>vi<span xmlns="http://www.w3.org/1999/xhtml" class="_ _28"/>ng<span xmlns="http://www.w3.org/1999/xhtml" class="_ _28"/> encouraged businesses and households to projects to 2022/2023. In light of the new political situation in save energy throughout winter<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>. Europe, we expect energy ef<span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/>ficiency meas-The entire organisation r<span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/>ose to the challenge; ures to play an even mor<span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/>e significant role Managing increasing risk exposur<span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/>e our Energy Management team received mor<span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/>e in our efforts to eliminate scope 1 and 2 This, and the fact that CPHâ<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>s energy costs than 100 ideas and suggestions for potential emissions by 2030. rose by a factor of thr<span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/>ee in the summer<span xmlns="http://www.w3.org/1999/xhtml" class="_ _1"/>, re-energy reductions fr<span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/>om eager colleagues. inforced the need to make additional energy Of these, 25 resulted in concr<span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/>ete measures, CIRCULAR ECONOMY &amp; RESOURCESRecycling ef<span xmlns="http://www.w3.org/1999/xhtml" class="_ _1"/>forts generatedpositive r<span xmlns="http://www.w3.org/1999/xhtml" class="_ _1"/>esultsNew tests and projects are laying the groundwork for stepping up CPHâ<span xmlns="http://www.w3.org/1999/xhtml" class="_ _1"/>s work on circular economy and responsible resource management.CPH takes a targeted approach to minimising The total waste volume at the airport tion stage, repr<span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/>esent a high proportion of theour resour<span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/>ce consumption by making it increased to 4,338 tonnes in 2022. This materials used in our physical infrastructure. <span xmlns="http://www.w3.org/1999/xhtml" class="_ _1"/> more sustainable and cir<span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/>cular<span xmlns="http://www.w3.org/1999/xhtml" class="_ _1"/>. As a company was mainly caused by the rise in passenger CPH already makes a conscious ef<span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/>fort to recyclewith substantial resour<span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/>ce usage, we have numbers, which more than doubled in 2022 concrete waste generated fr<span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/>om building and a clear responsibility for setting up our compared to the pr<span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/>evious year<span xmlns="http://www.w3.org/1999/xhtml" class="_ _1"/>, when we had renovation activities. Similarly<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>, we cut away business for increasingly r<span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/>esponsible resource limited activity due to COVID-19. Obviously<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>, old asphalt surfaces in order to r<span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/>ecycle the consumption. a passenger inï¬ux of this size generates more material and use it again when we need to waste, yet through a dedicated ef<span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/>fort we resurface taxiways and runways. In 2022, weOur overall recycling rate incr<span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/>eased in 2022. managed to recycle 400 tonnes of biowaste recycled appr<span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/>oximately 7,000 m² of taxiway This was largely due to good results in from our partner food &amp; beverage units, etc. at Roskilde Airport, reducing CO emissions 2terms of collecting cardboar<span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/>d, biowaste and by an estimated 42 tonnes.sweepings from our taxiways and runways. More sustainable construction activities We ar<span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/>e proud that our sweepings waste sent and physical infrastructureSustainable by Designto landfill was largely eliminated in 2022. In CPHâ<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>s construction activities and physical In 2022, CPHâ<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>s Development and Construc-concrete terms, we diverted a full 396 tonnes infrastructure account for a substantial part tion department launched a new strategic of sand, gravel, etc. from landfill to use in the of our resour<span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/>ce consumption â not least initiative entitled âSustainable by Designâ. construction sector<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>. because concrete, steel and asphalt, which Under this initiative, we will draw up clear have high carbon footprints at the produc-guidelines and manuals for how CPH can systematically boost sustainability and circularresour<span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/>ce usage in the planning and executionof our building activities and physical infra-structure. In 2022, this work has included drafting a sustainability programme for buildingactivities at CPH. The sustainability programmehas been tested in six pilot projects and is expected to be fully implemented in 2023. ENVIRONMENTAdditional steps to r<span xmlns="http://www.w3.org/1999/xhtml" class="_ _1"/>educe our envir<span xmlns="http://www.w3.org/1999/xhtml" class="_ _1"/>onmental impactThe airportâ<span xmlns="http://www.w3.org/1999/xhtml" class="_ _1"/>s activities are subject to strict regulator<span xmlns="http://www.w3.org/1999/xhtml" class="_ _28"/>y requirements that ensure the negative impact on our surroundings is minimised. They also ensure ongoing measurement of our impact on air quality around the airport, among other things. We work purposefully to reduce our environmental impact and seek new solutions and knowledge to ensure increasingly environmentally friendly operation of the airport.In 2021, CPH launched a programme to measuring stations, and we are pleased measure the pr<span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/>esence of black carbon (BC) to note that the levels are similar to thoseparticles on the apron and at the boundaries of street-level measuring stations in otherof the airport. Black carbon is identified as locations in Copenhagen. the part of fine and ultrafine particles (UFP) that can be harmful to health. CPH has made data on both UFP and BC available to our public-sector partners to In 2022, we received the r<span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/>esults of the contribute to national knowledge buildingfirst yearâ<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>s measurements from both our<span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/> in this area.</mrv:StatementOfCorporateSocialResponsibility>
<mrv:StatementOfTargetFiguresAndPoliciesForTheUnderrepresentedGender contextRef="ctx-1" id="pp-value-40-1" xml:lang="en">Diversity performance 2022CPH has set specific targets to support our commitment to increase diversity at all organisational levels, including the Board of Directors. We aim to achieve a minimum representation of 30% for both men and women at all organisational levels and a more equal age distribution by 2025. Separ-ate targets for gender and nationality have been set for the Board of Directors.The share of women in CPHâs workforce in 2022 was 35%, thus meeting the target of minimum 30% representation for both gendersfor CPHâs general workforce. The share of female managers in 2022 was 25% â still shortof the target of minimum 30% representation. We are hopeful that the above-mentioned action plan will yield positive results.One of the six shareholder-elected members of the Board of Directors was female. CPH is maintaining its ambition to achieve a percentage split of 33/67 (i.e. two women) on the Board by 2023, but no additional women were elected at the most recent Annual General Meeting. Where nationality is concerned, the distribution in 2022 was also unchanged among shareholder-elected members, with 50% Danish and 50% other nationalities, well above the target of 33/67.The age distribution in the CPH workforce was largely unchanged in 2022. While average seniority dropped from 9.8 in 2021 to 8.0 dueto the large number of new hires, the averageage dropped slightly to 46.5 years. Achieving anage diversity split of 25% across four age groupsat all organisational levels remains a target. Read our policy on diversity and inclusion at cph.dk. For further information on corporategovernance and the Board of Directors, seepages 70-73.</mrv:StatementOfTargetFiguresAndPoliciesForTheUnderrepresentedGender>
<mrv:StatementOfTheDiversityPolicies contextRef="ctx-1" id="pp-value-35-1" xml:lang="en">DIVERSITY &amp; INCLUSIONDiversity is key to maintaininga str<span xmlns="http://www.w3.org/1999/xhtml" class="_ _1"/>ong CPH communityDiversity and inclusion are important elements of CPHâ<span xmlns="http://www.w3.org/1999/xhtml" class="_ _1"/>s purpose and corporate responsibility<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>. In 2022, we signed the Diversity Pledge and launched a number ofnew initiatives to strengthen our D&amp;I work. At CPH we want to reï¬ect the diversity in society at large and among our customers, and we want all our employees to be able to use their talents and be themselves in a strong CPH community<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>. Y<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>et, even though half of Denmarkâ<span xmlns="http://www.w3.org/1999/xhtml" class="_ _1"/>s talent pool is women, women are underr<span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/>epresentedat CPH in general and particularly in manage-ment positions (25%). This is an area wher<span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/>e we can improve. In 2022, we ther<span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/>efore signedthe Confederation of Danish Industryâ<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>s GenderDiversity Pledge, and CPH has endorsed 16 principles that are intended to foster gr<span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/>eater gender diversity within the company<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>. The Gender Diversity Pledge also sets generalgoals and specific targets for gender diversityat management and board level, which the business community as a whole must achieveby 2030. As part of the initiative, CPH will submit an action plan within the next 12 months on how we will systematicallyincrease equality and gender diversity<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>.Listening to our employeesIn 2022, CPH decided to include a set of questions addressing diversity and inclusion in our workplace assessment (APV). 85% of our employees attest that they can be themselves at work to a very high or high degree. 77% experience equal opportunitiesregar<span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/>dless of gender<span xmlns="http://www.w3.org/1999/xhtml" class="_ _1"/>, age, ethnicity<span xmlns="http://www.w3.org/1999/xhtml" class="_ _1"/>, religion,sexual orientation or disability<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>, and 69% be-lieve that CPH is broadly r<span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/>epresented across these groups. The r<span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/>esults indicate we still have room for impr<span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/>ovement, and diversity and inclusion will be an ongoing focus area.Diversity trainingCPH has a special focus on and responsibilityfor ensuring our airport facilities are access-ible to all, regar<span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/>dless of nationality<span xmlns="http://www.w3.org/1999/xhtml" class="_ _1"/>, gender or abilities. All employees receive training in how best to provide service and facilitate ouguestsâ journeys through the airport. This training, which must be repeated every three years, includes awar<span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/>eness of both visible and hidden disabilities. In addition, our Security department receives mandatorytraining addressing r<span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/>espect for and under-standing of the diverse backgrounds and values among our guests at CPH. Helping passengers with hidden disabil-ities navigate comfortably through CPHMaking your way through an airport can be stressful, particularly for people with ADHD, autism, dementia or other hidden disabilitiesThe same goes for people suffering fr<span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/>om invisible diseases that cause e.g. pain or bre<span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/>athing difficulties. Passengers who, for one reason or another<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>, need more time, patience or the opportunity to ask extra questions, can make us aware of this by wearing a sunï¬ower lanyard.The accessibility team at Gatwick Airport in the UK came up with the sunï¬ower lanyard in 2016 to identify passengers with hidden disabilities who might need additional attention or extra time while travelling. CPH joined the Hidden Disabilities organisation in 2020. In 2022, 7,200 passengers collected a free sunï¬ower lanyar<span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/>d at our landside information desk in T<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>erminal 3. Green Service training in collaboration with the Glad FoundationCPH is quite literally a green workplace, with large areas of plants and grass. All of this needs looking after<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>, which is where six young people with cognitive impairments come into play<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>. In collaboration with the GladFoundation, they started a two year âGreen Serviceâ training at CPH. The last team wa<span xmlns="http://www.w3.org/1999/xhtml" class="_ _28"/>s <span xmlns="http://www.w3.org/1999/xhtml" class="_ _28"/>a great success, with six of the seven attendeescompleting the training course and go<span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/>ing<span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/> on to find ï¬exijobs and apprenticeships. Afte<span xmlns="http://www.w3.org/1999/xhtml" class="_ _28"/>r <span xmlns="http://www.w3.org/1999/xhtml" class="_ _28"/>a<span xmlns="http://www.w3.org/1999/xhtml" class="_ _28"/> pause in 2020 and 2021, CPH was deligh<span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/>ted to be able to resume the collaborati<span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/>on w<span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/>ith the Glad Foundation in 2022. </mrv:StatementOfTheDiversityPolicies>
<mrv:StatementOfPolicyForDataEthics contextRef="ctx-1" id="pp-value-47-1" xml:lang="en">Data ethics and GDPRCPH gathers and processes data in con-nection with security in the airport area to provide various services to passengers, em-ployees and partners. We follow established procedures for processing personal data, andwe monitor and analyse any issues regardingcompliance with these procedures.In 2022, we reported five issues to the Danish Data Protection Agency in accordance with GDPR and our internal data protection processes. CPH is not aware of any complaintsmade to the Danish Data Protection Agency regarding our handling of personal data. CPH is committed to taking advantage of the possibilities offered by data and digital processes to evolve our services and offerings to our stakeholders. To ensure due ethical considerations when developing new initiatives, our data ethics policy sets a clear framework for accountability, transparency, equal treatment and more. </mrv:StatementOfPolicyForDataEthics>
<mrv:LinkToCorporateGovernanceReport contextRef="ctx-1" id="pp-value-48-1" xml:lang="en">www.cph.dk/en/about-cph/investorcorporate-governance.</mrv:LinkToCorporateGovernanceReport>
<cmn:NameAndSurnameOfMemberOfSupervisoryBoard contextRef="ctx-34" xml:lang="en">Lars Nørby Johansen</cmn:NameAndSurnameOfMemberOfSupervisoryBoard>
<cmn:TitleOfMemberOfSupervisoryBoard contextRef="ctx-34" xml:lang="en">Chairman</cmn:TitleOfMemberOfSupervisoryBoard>
<cmn:NameAndSurnameOfMemberOfSupervisoryBoard contextRef="ctx-35" xml:lang="en">David Stanton</cmn:NameAndSurnameOfMemberOfSupervisoryBoard>
<cmn:TitleOfMemberOfSupervisoryBoard contextRef="ctx-35" xml:lang="en">Deputy Chairman</cmn:TitleOfMemberOfSupervisoryBoard>
<cmn:NameAndSurnameOfMemberOfSupervisoryBoard contextRef="ctx-36" xml:lang="en">Martin Præstegaard</cmn:NameAndSurnameOfMemberOfSupervisoryBoard>
<cmn:TitleOfMemberOfSupervisoryBoard contextRef="ctx-36" xml:lang="en">Deputy Chairman</cmn:TitleOfMemberOfSupervisoryBoard>
<cmn:NameAndSurnameOfMemberOfSupervisoryBoard contextRef="ctx-37" xml:lang="en">Charles Thomaz</cmn:NameAndSurnameOfMemberOfSupervisoryBoard>
<cmn:NameAndSurnameOfMemberOfSupervisoryBoard contextRef="ctx-38" xml:lang="en">Janis Kong</cmn:NameAndSurnameOfMemberOfSupervisoryBoard>
<cmn:NameAndSurnameOfMemberOfSupervisoryBoard contextRef="ctx-39" xml:lang="en">Lars Sandahl Sørensen</cmn:NameAndSurnameOfMemberOfSupervisoryBoard>
<cmn:NameAndSurnameOfMemberOfSupervisoryBoard contextRef="ctx-40" xml:lang="en">Betina Hvolbøl Thomsen</cmn:NameAndSurnameOfMemberOfSupervisoryBoard>
<cmn:NameAndSurnameOfMemberOfSupervisoryBoard contextRef="ctx-42" xml:lang="en">Michael Marott Bock</cmn:NameAndSurnameOfMemberOfSupervisoryBoard>
<cmn:NameAndSurnameOfMemberOfSupervisoryBoard contextRef="ctx-41" xml:lang="en">Dan Hansen</cmn:NameAndSurnameOfMemberOfSupervisoryBoard>
<cmn:NameAndSurnameOfMemberOfExecutiveBoard contextRef="ctx-43" xml:lang="en">Thomas Woldbye</cmn:NameAndSurnameOfMemberOfExecutiveBoard>
<cmn:TitleOfMemberOfExecutiveBoard contextRef="ctx-43" xml:lang="en">CEO</cmn:TitleOfMemberOfExecutiveBoard>
<fsa:AverageNumberOfEmployees contextRef="ctx-1" decimals="0" unitRef="pure">2130</fsa:AverageNumberOfEmployees>
<fsa:AverageNumberOfEmployees contextRef="ctx-33" decimals="0" unitRef="pure">1821</fsa:AverageNumberOfEmployees>
<sob:StatementByExecutiveAndSupervisoryBoards contextRef="ctx-1" id="pp-value-221-1" xml:lang="en">Management's statementManagementâ<span xmlns="http://www.w3.org/1999/xhtml" class="_ _1"/>s statement In our opinion, Managementâ<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>s Review includesThe Board of Dir<span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/>ectors and the Executive a true and fair account of the development in Management have today considered and the operations and financial circumstances of approved the Annual Report of Københavns the Group and the Par<span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/>ent Company<span xmlns="http://www.w3.org/1999/xhtml" class="_ _1"/>, of the Lufthavne A/S for the financial year 1 January results for the year and of the financial positionâ 31 December 2022.of the Group and the Par<span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/>ent Company as well as a description of the most significant risks The Consolidated Financial Statements have and elements of uncertainty facing the Group been prepar<span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/>ed in accordance with International and the Parent Company<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>.Financial Reporting Standards as adopted by the EU and further requir<span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/>ements in the Danish CPHâ<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>s non-financial statements, which include Financial Statements Act, and the Parent social and environmental aspects, have been Company Financial Statements have been prepar<span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/>ed in accordance with relevant princi-prepar<span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/>ed in accordance with the Danish Finan-ples. The non-financial reporting r<span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/>epresents <span xmlns="http://www.w3.org/1999/xhtml" class="ls0"> </span>cial Statements Act. Managementâ<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>s Review has a balanced and reasonable pr<span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/>esentation of <span xmlns="http://www.w3.org/1999/xhtml" class="ls0"> </span>been prepar<span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/>ed in accordance with the Danish the Companyâ<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>s social and environmental Financial Statements Act. performance.CPHâ<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>s non-financial statements, which include We r<span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/>ecommend that the Annual Report be social and environmental aspects, have been adopted at the Annual General Meeting in prepar<span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/>ed in accordance with the specific Copenhagen, 30 March 2023.accounting policies in this area.In our opinion, the Consolidated Financial Statements and the Parent Company Financial Statements give a true and fair view of the financial position at 31 December 2022 of the Group and the Company<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>, and of the results of the Group's and the Par<span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/>ent Company's opera-tions and consolidated cash ï¬ows for the financial year 1 January â 31 December 2022. In our opinion, the annual report of Københavns Lufthavne A/S for the financial year 1 January to 31 December 2022 with the file name <span xmlns="http://www.w3.org/1999/xhtml" class="fc1 lsa4 wsf9">CP<span class="_ _28"/>H<span class="_ _8"/>-2<span class="_ _28"/>02<span class="_ _28"/>2-<span class="_ _8"/> </span>12<span xmlns="http://www.w3.org/1999/xhtml" class="_ _28"/>-<span xmlns="http://www.w3.org/1999/xhtml" class="_ _28"/>3<span xmlns="http://www.w3.org/1999/xhtml" class="_ _28"/>1<span xmlns="http://www.w3.org/1999/xhtml" class="_ _28"/>-<span xmlns="http://www.w3.org/1999/xhtml" class="_ _a"/>e<span xmlns="http://www.w3.org/1999/xhtml" class="_ _8"/>n<span xmlns="http://www.w3.org/1999/xhtml" class="_ _8"/>.<span xmlns="http://www.w3.org/1999/xhtml" class="_ _8"/>z<span xmlns="http://www.w3.org/1999/xhtml" class="_ _8"/>i<span xmlns="http://www.w3.org/1999/xhtml" class="_ _8"/>p<span xmlns="http://www.w3.org/1999/xhtml" class="_ _8"/><span xmlns="http://www.w3.org/1999/xhtml" class="fc2 ls0 ws0"> <span class="_ _4"/>is prepared, in all material r<span class="_ _4"/>espects, </span>in compliance with the ESEF Regulation.</sob:StatementByExecutiveAndSupervisoryBoards>
<sob:PlaceOfSignatureOfStatement contextRef="ctx-1" xml:lang="en">Kastrup</sob:PlaceOfSignatureOfStatement>
<arr:AddresseeOfAuditorsReportOnAuditedFinancialStatements contextRef="ctx-1" id="pp-value-223-1" xml:lang="en">To the shareholders of Københavns Lufthavne A/S</arr:AddresseeOfAuditorsReportOnAuditedFinancialStatements>
<arr:OpinionOnAuditedFinancialStatements contextRef="ctx-1" id="pp-value-224-1" xml:lang="en">Our opinionIn our opinion, the Consolidated Financial Statements give a true and fair view of the Groupâs financial position at 31 December 2022 and of the results of the Groupâs opera-tions and cash ï¬ows for the financial year 1 January to 31 December 2022 in accordance with International Financial Reporting Stand-ards as adopted by the EU and further require-ments in the Danish Financial Statements Act.Moreover, in our opinion, the Parent CompanyFinancial Statements give a true and fair view of the Parent Companyâs financial position at 31 December 2022 and of the results of the Parent Companyâs operations for the financial year 1 January to 31 December 2022 in accordance with the Danish Financial State-ments Act.Our opinion is consistent with our Auditorâs Long-form Report to the Audit Committee and the Board of Directors.What we have auditedThe Consolidated Financial Statements of Københavns Lufthavne A/S for the financial year1 January to 31 December 2022 comprise the consolidated income statement and statement of comprehensive income, the balance sheet, the statement of changes in equity, the cash ï¬ow statement and the notes, including summary of significant accounting policies.The Parent Company Financial Statements of Københavns Lufthavne A/S for the financial year 1 January to 31 December 2022 comprisethe income statement, the balance sheet, the statement of changes in equity and the notes,including summary of significant accounting policies.Collectively referred to as the âFinancial Statementsâ.</arr:OpinionOnAuditedFinancialStatements>
<arr:DescriptionOfQualificationsOfAuditedFinancialStatements contextRef="ctx-1" id="pp-value-226-1" xml:lang="en">Basis for opinionWe conducted our audit in accordance with International Standards on Auditing (ISAs) and the additional requirements applicable in Denmark. Our responsibilities under those standards and requirements are further described in the Auditorâs responsibilities for the audit of the Financial Statements section ofour report. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.IndependenceWe are independent of the Group in accordancewith the International Ethics Standards Board forAccountantsâ International Code of Ethics for Professional Accountants (IESBA Code) and the additional ethical requirements applicable in Denmark. We have also fulfilled our other ethical responsibilities in accordance with these requirements and the IESBA Code. To the best of our knowledge and belief, prohib-ited non-audit services referred to in Article 5(1) of Regulation (EU) No 537/2014 were not provided. AppointmentFollowing the admission of the shares of Københavns Lufthavne A/S for listing on Nasdaq Copenhagen, we were first appointedauditors of Københavns Lufthavne A/S in 1995. We have been reappointed annually by shareholder resolution for a total period of uninterrupted engagement of 28 years including the financial year 2022.</arr:DescriptionOfQualificationsOfAuditedFinancialStatements>
<arr:MaterialUncertaintyConcerningGoingConcernAudit contextRef="ctx-1" id="pp-value-228-1" xml:lang="en">Material uncertainty related to going concernWe draw attention to Note 1.3 in the FinanciaStatements, which describes that loan facilitiesof total DKK 5,346 million mature in August 2023 and that commitments for refinancing have not yet been obtained. This event, along with other matters as set forth in Note 1.3, indicate that a material uncertainty exists that may cast significant doubt upon the Compa-nyâs ability to continue as a going concern. However, it is Managementâs assessment thatthe funds necessary to maintain adequate liquidity over the next 12 months will be obtained which is why the Financial State-ments have been prepared on the basis of going concern. Our opinion is not modified in respect of thismatter.</arr:MaterialUncertaintyConcerningGoingConcernAudit>
<arr:KeyAuditMattersAudit contextRef="ctx-1" id="pp-value-230-1" xml:lang="en">Key audit mattersIn addition to the matter described in the Material uncertainty related to going concern section, we have determined the matters described below to be the key audit matters tobe communicated in our report. Key audit matters are those matters that, in our profes-sional judgement, were of most significance inour audit of the Financial Statements for 2022These matters were addressed in the context of our audit of the Financial Statements as a whole, and in forming our opinion thereon, and we do not provide a separate opinion on these matters.How our audit addressed How our audit addressedKey audit matter Key audit matterthe key audit matterthe key audit matterRecognition of revenue Property, plant and equipmentRevenue comprises an aeronautical and a We considered the appropriateness of the Property, plant and equipment account for We gained an understanding of the Groupâs non-aeronautical segment. Revenue in the Groupâs accounting policies for revenue more than 90% of the Groupâs total assets, internal controls and performed an evaluationaeronautical segment comprises passenger, recognition of the various revenue streams, and investments for the year amounted to and validation of these through test of security, take-off and aircraft parking charges discussed the principles with Management DKK 903 million.relevant controls, including procedures and other charges. Revenue in the aeronau-and assessed compliance with applicable ensuring the existence and correct recording tical segment is recorded on the basis of accounting standards.The individual items of property, plant and of additions, transfers and disposals of various data sources that are integrated equipment consist of a large number of property, plant and equipment.through automated and manual processes.We performed risk assessment procedures transactions that are recorded through with the purpose of achieving an under-manual processes on a current basis. Invest-We evaluated Managementâs assessment of Revenue in the non-aeronautical segment standing of it-systems, business procedures ments through internal production and the useful lives of property, plant and equip-comprises concession income, rental income and relevant controls regarding recognition through the conclusion of agreements with ment through analysis of the historical need and parking charges. Concession income and of revenue. In respect of controls, we contractors require robust control proce-for write-downs related to scrapped assets. rental income are recorded on the basis of assessed whether they were designed and dures and systems to ensure that the assets Moreover, we obtained data on the historical contracts signed. The income is recorded implemented effectively to address the risk of are recognised and measured accurately in useful lives of special airport specific facilities through automated processes and partially material misstatement.the Financial Statements.and compared these with Managementâs through manual processes as regards revenue assessment of the useful lives of property, based contracts. Parking charges are recorded For selected controls, on which we planned A large part of property, plant and equip-plant and equipment. Additionally, we automatically upon leaving the parking area by to rely on, we tested whether these controls ment are specialised and require consider-performed physical inspection of selected means of parking barriers.had been performed on a consistent basis.able estimates by Management for the assets.We performed substantive audit procedures determination and reassessment of useful We focused on this area because the large regarding revenue through reconciliation of lives, which is done in cooperation with the We obtained an overview of investments number of processes and transactions related transactions with contracts and charges Groupâs own specialists.made by the Group for the most comprehen-to the various revenue streams involves a risk regulation etc.sive investments, which primarily comprised of misstatement of revenue recognition.We focused on this area due to the Terminal 3 landside, construction of a multi-Refer to note 2.2 in the Consolidated Financial We performed data analysis including complexity and the considerable estimates storey car park, runway renovations and Statementanalysis of revenue transactions in order to made by Management in connection with security facilities. We have on a sample basis identify transactions outside the ordinary the determination of useful lives.tested additions to underlying documentation.transaction ï¬ows.Refer to note 3.3 in the Consolidated Financial Statements.</arr:KeyAuditMattersAudit>
<arr:StatementOnManagementsReviewAuditorsReportOnAuditedFinancialStatements contextRef="ctx-1" id="pp-value-234-1" xml:lang="en">Statement on Managementâs ReportManagement is responsible for ManagementâsReport.Our opinion on the Financial Statements does not cover Managementâs Report, and we do not express any form of assurance conclusion thereon.In connection with our audit of the Financial Statements, our responsibility is to read Managementâs Report and, in doing so, consider whether Managementâs Report is materially inconsistent with the Financial Statements or our knowledge obtained in the audit, or otherwise appears to be materially misstated. Moreover, we considered whether Manage-mentâs Report includes the disclosures requiredby the Danish Financial Statements Act. Based on the work we have performed, in ourview, Managementâs Report is in accordance with the Consolidated Financial Statements and the Parent Company Financial Statementsand has been prepared in accordance with therequirements of the Danish Financial State-ments Act. We did not identify any material misstatement in Managementâs Report.</arr:StatementOnManagementsReviewAuditorsReportOnAuditedFinancialStatements>
<arr:StatementOfExecutiveAndSupervisoryBoardsResponsibilityForFinancialStatements contextRef="ctx-1" id="pp-value-235-1" xml:lang="en">Management's responsibilities for the Financial StatementsManagement is responsible for the pr<span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/>eparationof consolidated financial statements that give atrue and fair view in accordance with Interna-tional Financial Reporting Standards as adopted by the EU and further requir<span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/>ements inthe Danish Financial Statements Act and for the preparation of par<span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/>ent company financial statements that give a true and fair view in accordance with the Danish Financial State-ments Act, and for such internal control as Management determines is necessary to enable the preparation of financial statementsthat are fr<span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/>ee from material misstatement, whether due to fraud or error<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>.In preparing the Financial Statements, Management is responsible for assessing the Groupâ<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>s and the Parent Companyâ<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>s ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless Management either intendsto liquidate the Group or the Par<span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/>ent Companyor to cease operations, or has no realistic alter-native but to do so.</arr:StatementOfExecutiveAndSupervisoryBoardsResponsibilityForFinancialStatements>
<arr:StatementOfAuditorsResponsibilityForAuditAndAuditPerformed contextRef="ctx-1" id="pp-value-237-1" xml:lang="en">Auditorâs responsibilities for the audit of the Financial Statements Our objectives are to obtain reasonable assur-ance about whether the Financial Statements as a whole are free from material misstatementwhether due to fraud or error, and to issue an auditorâs report that includes our opinion. Reasonable assurance is a high level of assur-ance, but is not a guarantee that an audit conducted in accordance with ISAs and the additional requirements applicable in Denmark will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to inï¬uence the Conclude on the appropriateness of economic decisions of users taken on the basis Managementâs use of the going concern of these Financial Statements.basis of accounting and based on the audit evidence obtained, whether a material As part of an audit in accordance with ISAs and uncertainty exists related to events or condi-the additional requirements applicable in tions that may cast significant doubt on the Denmark, we exercise professional judgement Groupâs and the Parent Companyâs ability to and maintain professional scepticism continue as a going concern. If we concludethroughout the audit. We also: that a material uncertainty exists, we are required to draw attention in our auditorâs Identify and assess the risks of material report to the related disclosures in the Finan-misstatement of the Financial Statements, cial Statements or, if such disclosures are whether due to fraud or error, design and inadequate, to modify our opinion. Our perform audit procedures responsive to conclusions are based on the audit evidencethose risks, and obtain audit evidence that is obtained up to the date of our auditorâs sufficient and appropriate to provide a basis report. However, future events or conditionsfor our opinion. The risk of not detecting a may cause the Group or the Parent material misstatement resulting from fraud is Company to cease to continue as a going higher than for one resulting from error, as concern.fraud may involve collusion, forgery, inten-tional omissions, misrepresentations, or the Evaluate the overall presentation, structure override of internal control.and content of the Financial Statements, including the disclosures, and whether the Obtain an understanding of internal control Financial Statements represent the under-relevant to the audit in order to design audit lying transactions and events in a manner procedures that are appropriate in the that gives a true and fair view.circumstances, but not for the purpose of expressing an opinion on the effectiveness of Obtain sufficient appropriate audit evidencethe Groupâs and the Parent Companyâs regarding the financial information of the internal control.entities or business activities within the Group to express an opinion on the Consoli- Evaluate the appropriateness of accounting dated Financial Statements. We are respon-policies used and the reasonableness of sible for the direction, supervision and accounting estimates and related disclosures performance of the group audit. We remainmade by Management.solely responsible for our audit opinion.We communicate with those charged with governance regarding, among other matters, the planned scope and timing of the audit and significant audit findings, including any signifi-cant deficiencies in internal control that we identify during our audit.We also provide those charged with govern-ance with a statement that we have complied with relevant ethical requirements regarding independence, and to communicate with themall relationships and other matters that may reasonably be thought to bear on our inde-pendence and, where applicable, actions takento eliminate threats or safeguards applied.From the matters communicated with those charged with governance, we determine thosematters that were of most significance in the audit of the Financial Statements of the currentperiod and are therefore the key audit matters.We describe these matters in our auditorâs report unless law or regulation precludes publicdisclosure about the matter.</arr:StatementOfAuditorsResponsibilityForAuditAndAuditPerformed>
<arr:AuditorsReportOnXbrlTagging contextRef="ctx-1" id="pp-value-249-1" xml:lang="en">Report on compliance with the ESEF RegulationAs part of our audit of the Financial State-ments we performed procedures to express anopinion on whether the annual report of Københavns Lufthavne A/S for the financial year 1 January to 31 December 2022 with thefilename CPH-2022-12-31-en.zip is prepared, in all material respects, in compliance with the Commission Delegated Regulation (EU) 2019/815 on the European Single Electronic Format (ESEF Regulation) which includes requirements related to the preparation of the the assessment of the risks of material depar-annual report in XHTML format and iXBRL tures from the requirements set out in the ESEFtagging of the Consolidated Financial State-Regulation, whether due to fraud or error. The ments including notes.procedures include:Management is responsible for preparing an Testing whether the annual report is annual report that complies with the ESEF prepared in XHTML format;Regulation. This responsibility includes: Obtaining an understanding of the compa- The preparing of the annual report in nyâs iXBRL tagging process and of internal XHTML format;control over the tagging process; The selection and application of appropriate Evaluating the completeness of the iXBRL iXBRL tags, including extensions to the ESEF tagging of the Consolidated Financial State-taxonomy and the anchoring thereof to ments including notes;elements in the taxonomy, for all financial information required to be tagged using Evaluating the appropriateness of the judgement where necessary;companyâs use of iXBRL elements selected from the ESEF taxonomy and the creation of Ensuring consistency between iXBRL tagged extension elements where no suitable data and the Consolidated Financial State-element in the ESEF taxonomy has been ments presented in human-readable format; identified; and Evaluating the use of anchoring of exten- For such internal control as Management sion elements to elements in the ESEF determines necessary to enable the prepara-taxonomy; andtion of an annual report that is compliant with the ESEF Regulation. Reconciling the iXBRL tagged data with the audited Consolidated Financial Statements.Our responsibility is to obtain reasonable assur-ance on whether the annual report is In our opinion, the annual report of Køben-prepared, in all material respects, in compli-havns Lufthavne A/S for the financial year 1 ance with the ESEF Regulation based on the January to 31 December 2022 with the file evidence we have obtained, and to issue aname CPH-2022-12-31-en.zip is prepared, in alreport that includes our opinion. The nature, material respects, in compliance with the ESEF timing and extent of procedures selected Regulation.depend on the auditorâs judgement, including </arr:AuditorsReportOnXbrlTagging>
<arr:SignatureOfAuditorsPlace contextRef="ctx-1" xml:lang="en">Hellerup</arr:SignatureOfAuditorsPlace>
<cmn:NameOfAuditFirm contextRef="ctx-44" id="pp-value-247-1" xml:lang="en">PricewaterhouseCoopers Statsautoriseret Revisionspartnerselskab</cmn:NameOfAuditFirm>
<cmn:IdentificationNumberCvrOfAuditFirm contextRef="ctx-44" id="pp-value-240-1" xml:lang="en">33771231</cmn:IdentificationNumberCvrOfAuditFirm>
<cmn:NameAndSurnameOfAuditor contextRef="ctx-44" xml:lang="en">Brian Christiansen</cmn:NameAndSurnameOfAuditor>
<cmn:DescriptionOfAuditor contextRef="ctx-44" xml:lang="en">State Authorised Public Accountant</cmn:DescriptionOfAuditor>
<cmn:IdentificationNumberOfAuditor contextRef="ctx-44" xml:lang="en">mne23371</cmn:IdentificationNumberOfAuditor>
<cmn:NameAndSurnameOfAuditor contextRef="ctx-2" id="pp-value-244-1" xml:lang="en">Søren Ãrjan Jensen</cmn:NameAndSurnameOfAuditor>
<cmn:DescriptionOfAuditor contextRef="ctx-2" xml:lang="en">State Authorised Public Accountant</cmn:DescriptionOfAuditor>
<cmn:IdentificationNumberOfAuditor contextRef="ctx-2" xml:lang="en">mne33226</cmn:IdentificationNumberOfAuditor>
<gsd:InformationOnTypeOfSubmittedReport contextRef="ctx-1" xml:lang="en">Annual report</gsd:InformationOnTypeOfSubmittedReport>
<cmn:TypeOfAuditorAssistance contextRef="ctx-1" xml:lang="en">Auditor's report on audited financial statements</cmn:TypeOfAuditorAssistance>
<gsd:ToolForPreparingTheXBRLInstanceDocument contextRef="ctx-1" xml:lang="en">ParsePort XBRL Converter</gsd:ToolForPreparingTheXBRLInstanceDocument>
<gsd:ReportingPeriodStartDate contextRef="ctx-1" xml:lang="en">2022-01-01</gsd:ReportingPeriodStartDate>
<gsd:ReportingPeriodEndDate contextRef="ctx-1" xml:lang="en">2022-12-31</gsd:ReportingPeriodEndDate>
<gsd:PrecedingReportingPeriodStartDate contextRef="ctx-1" xml:lang="en">2021-01-01</gsd:PrecedingReportingPeriodStartDate>
<gsd:PredingReportingPeriodEndDate contextRef="ctx-1" xml:lang="en">2021-12-31</gsd:PredingReportingPeriodEndDate>
<gsd:LegalEntityIdentifierOfReportingEntity contextRef="ctx-1" xml:lang="en">549300Z01GJGM7D3HQ74</gsd:LegalEntityIdentifierOfReportingEntity>
<gsd:NameOfReportingEntity contextRef="ctx-1" xml:lang="en">Københavns Lufthavne A/S</gsd:NameOfReportingEntity>
<fsa:ClassOfReportingEntity contextRef="ctx-1" xml:lang="en">Reporting class D</fsa:ClassOfReportingEntity>
<gsd:AddressOfReportingEntityStreetName contextRef="ctx-1" xml:lang="en">Lufthavnsboulevarden</gsd:AddressOfReportingEntityStreetName>
<gsd:AddressOfReportingEntityStreetBuildingIdentifier contextRef="ctx-1" xml:lang="en">6</gsd:AddressOfReportingEntityStreetBuildingIdentifier>
<gsd:AddressOfReportingEntityPostCodeIdentifier contextRef="ctx-1" xml:lang="en">2770</gsd:AddressOfReportingEntityPostCodeIdentifier>
<gsd:AddressOfReportingEntityDistrictName contextRef="ctx-1" xml:lang="en">Kastrup</gsd:AddressOfReportingEntityDistrictName>
<gsd:AddressOfReportingEntityCountry contextRef="ctx-1" xml:lang="en">Denmark</gsd:AddressOfReportingEntityCountry>
<gsd:HomepageOfReportingEntity contextRef="ctx-1" xml:lang="en">www.cph.dk</gsd:HomepageOfReportingEntity>
<gsd:EmailOfReportingEntity contextRef="ctx-1" xml:lang="en">cphweb@cph.dk</gsd:EmailOfReportingEntity>
<sob:DateOfApprovalOfAnnualReport contextRef="ctx-1" xml:lang="en">2023-03-08</sob:DateOfApprovalOfAnnualReport>
<gsd:LegalEntityIdentifierOfSubmittingEnterprise contextRef="ctx-1" xml:lang="en">549300Z01GJGM7D3HQ74</gsd:LegalEntityIdentifierOfSubmittingEnterprise>
<gsd:IdentificationNumberCvrOfSubmittingEnterprise contextRef="ctx-1" xml:lang="en">14707204</gsd:IdentificationNumberCvrOfSubmittingEnterprise>
<gsd:NameOfSubmittingEnterprise contextRef="ctx-1" xml:lang="en">Københavns Lufthavne A/S</gsd:NameOfSubmittingEnterprise>
<gsd:AddressOfSubmittingEnterpriseStreetAndNumber contextRef="ctx-1" xml:lang="en">Lufthavnsboulevarden 6</gsd:AddressOfSubmittingEnterpriseStreetAndNumber>
<gsd:AddressOfSubmittingEnterprisePostcodeAndTown contextRef="ctx-1" xml:lang="en">2770 Kastrup</gsd:AddressOfSubmittingEnterprisePostcodeAndTown>
<arr:TypeOfModifiedOpinionOnAuditedFinancialStatements contextRef="ctx-1" xml:lang="en">Opinion</arr:TypeOfModifiedOpinionOnAuditedFinancialStatements>
<arr:TypeOfBasisForModifiedOpinionOnAuditedFinancialStatements contextRef="ctx-1" xml:lang="en">Basis for Opinion</arr:TypeOfBasisForModifiedOpinionOnAuditedFinancialStatements>
<arr:SignatureOfAuditorsDate contextRef="ctx-1" xml:lang="en">2023-03-08</arr:SignatureOfAuditorsDate>
<cmn:IdentificationNumberCvrOfAuditFirm contextRef="ctx-2" xml:lang="en">33771231</cmn:IdentificationNumberCvrOfAuditFirm>
<cmn:NameOfAuditFirm contextRef="ctx-2" xml:lang="en">PricewaterhouseCoopers Statsautoriseret Revisionspartnerselskab</cmn:NameOfAuditFirm>
</xbrli:xbrl>