:: Uzbekistan Airports

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• Erid: 122332213236
• INN 122332213236
• Организация 2

In a move highlighting the growing importance of Environmental, Social, and Governance (ESG) factors in global aviation infrastructure, the national airport operator of Uzbekistan has received its first dedicated sustainability rating.

Sustainable Fitch, the ESG division of Fitch Group, has assigned Uzbekistan Airports an Entity Rating of ‘3’, with an entity score of 48 out of 100.

This rating indicates an “average” sustainability profile, according to the agency. It reflects the state-owned operator’s established governance foundations while pinpointing significant room for improvement, particularly in its environmental and social strategies.

Uzbekistan Airports is a critical player in Central Asia’s evolving aviation landscape. Wholly owned by the Republic of Uzbekistan and falling under the Ministry of Finance, the company manages the country’s entire civil airport network. This includes 11 international and six domestic airports, plus subsidiaries handling ground services, cargo, and training.

The ESG assessment comes as Uzbekistan actively seeks to position itself as a regional logistics hub, making sustainable and transparent operations increasingly vital for attracting international investment and airline partners.

The ESG Breakdown: Strengths vs. Challenges

The Sustainable Fitch report provides a detailed analysis across the three ESG pillars:

Environmental: UzAirports has aligned itself with global industry goals by setting a long-term target to achieve net-zero Scope 1 and 2 emissions by 2050. The agency noted improvements in emissions intensity and renewable energy usage.

Nevertheless, the absence of interim decarbonization targets, a lack of disclosure on Scope 3 (value chain) emissions, and a trend of rising total emissions and resource consumption were cited as major limiting factors for the rating.

Social: The operator’s social profile is bolstered by robust safety management systems, low workforce turnover, and active stakeholder engagement.

These positives are offset by limited gender diversity in senior management and a lack of explicit social targets or requirements for its supply chain.

Governance: The company’s governance arrangements were assessed as “good,” supported by functional board committees, an internal audit system, and clear remuneration policies.

However, the rating is constrained by limited board independence, low female representation at the board level, and a qualified audit opinion on its latest IFRS financial statements.