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, we have defined sustainability as one of our corporate objectives—which states that “sustainability is our basic principle.”
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.
Evaluation of topics for the financial year 2018 adopts the materiality concept in accordance with the legal implementation of CSR guidelines in Germany (CSR-RUG).
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.
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.