Corporate governance

Foreword by Reiner Winkler, Chief Executive Officer of MTU Aero Engines AG

Acting for tomorrow, today.

Dear readers,

The theme of our latest Sustainability Report is “Acting for tomorrow, today.” We are in the midst of a complex transformation that affects not only society, but also the industry as a whole and MTU as a company. We want to actively shape and drive this transformation to safeguard a viable future—both for current and future generations and for MTU’s long-term success. This is a part of our responsibility. “We shape the future of aviation” is a claim embedded in the MTU Principles. Its most important meaning to us is to provide safe and sustainable mobility solutions that play a key role in our society and the global economy.

We successfully navigated the 2021 business year, the challenges of which were due in no small part to the effects of the coronavirus pandemic. We are looking at positive financial figures, which was made possible by our strong network of sites around the world, a committed MTU team, and a complex and close-knit supply chain. This is also underpinned by important future projects that we made progress on: our Clean Air Engine (Claire) agenda for emissions-free flight, our ecoRoadmap for climate action in production, and our Innovative Culture initiative for developing our corporate culture.

Our ideas make the difference.

Emissions-free flight is a vision shared by MTU and the entire sector. It is a long-term goal that is also in line with the Paris Agreement aim of limiting global warming to 1.5 degrees Celsius. We are fully committed to doing our part here: to developing ideas and innovations that make the difference, and mustering the courage to forge new paths. By realigning our Claire agenda, we want to bring products to market before 2050 that enable emissions-free flight. We are pursuing a variety of concepts to ensure we cover the full spectrum of mobility needs—from short- to long-haul routes. Our engines of the future will differ radically from existing solutions: we are working hard to prepare for the first flight of a prototype of a hydrogen-powered fuel cell. To this end, in 2021 we strengthened our collaboration with the German Aerospace Center (DLR). For long-haul routes, we are pursuing a truly revolutionary concept: a propulsion system that employs a heat exchanger to use the energy from the engine’s exhaust gas stream. The first basic tests for condensation were completed in collaboration with the University of Stuttgart.

The transformation begins at MTU.

As one of the aviation industry’s leading engine manufacturers, we have big plans. But these alone are not enough. Sustainable aviation fuels (SAFs) will soon play a crucial role in efforts to achieve climate neutrality. We support the use of SAFs to reduce emissions that have an effect on the climate—and to do so as quickly as possible. After all, SAFs can already be used to power conventional engines within existing infrastructure. We should tap into this potential, which is why MTU supports several projects to set up production facilities and this year began using SAFs in maintenance test runs for some customers.

By using SAFs on our test stands, we can reduce our sites’ climate footprint. That’s how the transformation is beginning at MTU. Last year, we drew up our ecoRoadmap, an operational climate action strategy designed to make our production and maintenance operations carbon-neutral in the long term. By beginning with our main site in Munich, we are transitioning toward a sustainable future in a place that is at the heart of a tradition going back almost a hundred years. At the end of 2021, our oldest site was also our first site to achieve climate neutrality. Our next step will be to add further sites as we build an MTU Green Europe.

We make responsibility visible.

To take a holistic approach to sustainability, last year we defined six fields of action, which are mirrored in the structure of this report. Each field of action has its goals, which together form our Sustainability Program 2025+. The 2021 business year is the first time that MTU Executive Board members’ variable compensation reflects non-financial performance indicators relating to climate action and employee satisfaction. This means that we are measuring our performance not only in terms of financial success, but now also increasingly by activities and progress in the area of sustainability. Moreover, we have established clear responsibility for these topics in the Executive Board by naming Lars Wagner as our Chief Sustainability Officer.

We look to the future with confidence.

The coronavirus pandemic demanded much of us in 2021 as well. Once again, we demonstrated how flexible and adaptable MTU is, and how resilient we are in times of crisis. Together, we developed solutions and actions for keeping our employees safe in the workplace and for the good of the company. We pooled our efforts to get an unprecedented vaccination campaign up and running. Another major factor in getting through the pandemic was increasing remote working.

We intend to maintain this new level of flexibility and are making hybrid forms of collaboration a permanent option. This is closely connected to our recently launched MTU-wide Innovative Culture initiative. Hybrid working is a key area of focus along with enhancing our diversity and internationality, encouraging entrepreneurial behavior at all levels, and accelerating digitalization and connectivity.

We look to the future with confidence and will act for tomorrow, today. You can discover how we are living up to this responsibility, seizing opportunities, and shaping the transformation by reading through this Sustainability Report. We hope you will join us on this path!

I hope it makes for a stimulating read,

Reiner Winkler
Chief Executive Officer

MTU Aero Engines AG


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