MTU Aero Engines publishes third Sustainability Report
Munich, July 29, 2015: With the third Sustainability Report MTU Aero Engines emphasizes its product responsibility along the entire value chain. In its sustainability efforts, Germany’s leading engine manufacturer is pursuing an integrative approach that takes ecological as well as social aspects into account when looking at business performance. The third Sustainability Report issued by the company for the years 2013 and 2014 is the first to combine the reports to the UN Global Compact Communication on Progress and Global Reporting Initiative (G3.1) standards and covers the activities of MTU’s company locations in Europe.
“MTU Aero Engines is a major player in the global aircraft engine industry and a technology leader that keeps developing promising technical innovations. Corporate Responsibility is an integral part of our corporate culture,” explains Reiner Winkler, MTU Aero Engines AG’s Chief Executive Officer. “Eco-efficient and safe products are key to our long-term economic viability. This is why product responsibility is a top priority in our efforts aimed at responsible entrepreneurship.”
Top on MTU’s agenda is the development of aircraft engines that burn less fuel, produce fewer emissions, such as CO2, and are less noisy. The new geared turbofan engine, which represents the core of MTU’s Clean Air Engine technology roadmap, is an excellent example of the company’s strong commitment to product stewardship. With Clean Air Engine, MTU is responding to pressing global challenges, such as climate change, mobility needs and scarcity of resources. Plans are to reduce noise levels by 65 percent and to cut CO2 emissions by 40 percent by the year 2050. To communicate the efforts it is making to address climate change even more effectively to all stakeholders, MTU last year developed and published a separate climate strategy based on Clean Air Engine.
Next on the list of top priorities comes MTU’s commitment to responsible business practices. The company has undertaken to observe the ten principles of the United Nations Global Compact relating to human rights, fair labor standards, environmental protection and the fight against corruption. MTU’s strong performance in international rankings – the company was awarded Prime status by oekom research AG and won the 2014 German Investors’ Award for responsible business practices – is impressive proof of the progress made in these areas.
When it comes to responsible sourcing, Germany’s leading engine manufacturer is placing a special emphasis on the sustainability of upstream manufacturing processes. In 2014, MTU laid down binding labor, social and environmental standards in a Supplier Code of Conduct that governs cooperation with its worldwide supplier base. These standards are based on the principles of the UN Global Compact
Munich is home to MTU’s corporate headquarters. In fiscal 2014, the company had a workforce of some 9,000 employees and posted consolidated sales of approximately 3.9 billion euros. MTU Aero Engines’ 2013/2014 Sustainability Report is available online on the company’s website at: http://www.mtu.de/company/corporate-responsibility/reports/
Source: MTU Aero Engines