Strategy

MTU's CR strategy

MTU’s Corporate Responsibility (CR) strategy reflects the company’s responsibility for its products and processes as well as vis-à-vis its employees, customers, and partners, the environment and society at large. By joining the United Nations Global Compact and actively supporting its objectives MTU further underpinned its commitment to sustainability. The company continuously drives the implementation of the ten principles aimed at protecting human rights, ensuring fair working conditions, protecting the environment and preventing corrupt practices.

Sustainability is a core value and key objective of the engine industry. After all, aircraft engines have a lifespan of several decades. Their development requires extensive engineering and testing work and high upfront investments and, hence, must be based on a future-oriented business model. Sustainable management secures MTU’s business success and economic viability down the road and helps the company remain competitive in a market driven by long-term business cycles, allowing it to open up new business segments, minimize risks and address economic, environmental and social challenges early in the game.

The company’s most significant contribution towards sustainable development are eco-efficient engine technologies. This is why product responsibility is a primary focus of the company’s CR strategy. Product-related environmental and climate goals are pursued within the framework of our Claire (Clean Air Engine) technology agenda.

In order to further integrate MTU’s commitment to responsible business into our operations, sustainability is part of the companies strategy.

 

Important sustainability topics

Important sustainability topics are identified by developing a materiality matrix. In the process, the economic, ecological and social challenges our business is facing are regularly analyzed with a view to their relevance for stakeholders.

MATERIALITY MATRIX

MTU’s ratings and Awards are based not only on its financial performance but also on non-financial indicators.

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MTU regularly publishes reports about its CR activities and progress in line with the internationally recognized standards established by the Global Reporting Initiative (GRI). The CR reporting categories as per the GRI guidelines include sustainable management, product responsibility, environmental and climate protection, employees and society.

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First and foremost, responsible corporate governance means strict compliance with all applicable laws and internal guidelines and a no-tolerance approach to corruption and other illegal activities. To prevent corrupt practices MTU has established a Compliance Board that investigates suspected violations and cases of non-compliant conduct and clears them up where necessary.

Compliance at MTU

 

The term “corporate governance” stands for the practice of administering and managing a company in accordance with the principles of responsibility and long-term value creation. MTU sees it as a natural commitment that embraces every area of the company. As a global player, MTU maintains national and international standards.

Corporate governance at MTU

Our risk management system requires that we regularly record and evaluate the risks and opportunities for our business. These include corruption-related compliance risks in the organizational units. Every year we publish a comprehensive risk report as part of our Annual Report.

Risk management in the Annual Report (p. 80)