Grupo Aeroportuario del Pacífico, S.A.B. de C.V. (NYSE: PAC; BMV: GAP), a key player in Mexico’s aviation infrastructure, has just released its comprehensive 2024 Sustainability Report. This in-depth look at their operations highlights the company’s commitment to environmental stewardship, social responsibility, and robust corporate governance across its extensive airport network.
Spanning the entirety of 2024, the report meticulously adheres to the rigorous standards set by the Global Reporting Initiative (GRI) and the Sustainability Accounting Standards Board (SASB). Notably, GAP has also incorporated the foundational principles of the International Financial Reporting Standards (IFRS) S1 and S2, issued by the International Sustainability Standards Board (ISSB), signaling a forward-thinking approach to disclosing critical sustainability and climate-related financial information.
Interested parties can access the full report on GAP’s corporate website at www.aeropuertosgap.com.mx, conveniently located within the “Investors” section.
A Network of Connectivity: Understanding GAP’s Operations
Grupo Aeroportuario del Pacífico, widely known as GAP, manages a vital network of 12 airports strategically positioned throughout Mexico’s Pacific region. This portfolio includes major hubs like Guadalajara and Tijuana, alongside popular tourist destinations such as Puerto Vallarta, Los Cabos, La Paz, and Manzanillo. The company also serves six other significant mid-sized cities: Hermosillo, Guanajuato, Morelia, Aguascalientes, Mexicali, and Los Mochis. GAP’s growth trajectory includes its listing on the New York Stock Exchange under the ticker “PAC” and on the Mexican Stock Exchange as “GAP” back in February 2006. Further expanding its international footprint, GAP acquired a controlling stake in MBJ Airports Limited, which operates Sangster International Airport in Montego Bay, Jamaica, in February 2015, and subsequently took over operations at Kingston’s Norman Manley International Airport in October 2019.
| This press release may contain forward-looking statements. These statements are statements that are not historical facts and are based on management’s current view and estimates of future economic circumstances, industry conditions, company performance, and financial results. The words “anticipates”, “believes”, “estimates”, “expects”, “plans” and similar expressions, as they relate to the company, are intended to identify forward-looking statements. Statements regarding the declaration or payment of dividends, the implementation of principal operating and financing strategies and capital expenditure plans, the direction of future operations, and the factors or trends affecting financial condition, liquidity, or results of operations are examples of forward-looking statements. Such statements reflect the current views of management and are subject to a number of risks and uncertainties. There is no guarantee that the expected events, trends, or results will occur. The statements are based on many assumptions and factors, including general economic and market conditions, industry conditions, and operating factors. Any changes in such assumptions or factors could cause actual results to differ materially from current expectations. |
Reinforcing its dedication to transparency and ethical conduct, GAP has established a robust “whistleblower” program. This initiative, in line with Section 806 of the Sarbanes-Oxley Act of 2002 and Article 42 of Mexico’s “Ley del Mercado de Valores,” ensures that individuals can anonymously and confidentially report any suspected criminal conduct or policy violations. GAP’s Audit Committee receives all reports for immediate investigation, underlining the company’s commitment to accountability.
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