Corporate governance

Interaction with society and politics

Stakeholder dialogue

Maintaining an open and constructive dialogue with our key stakeholders is essential for the success of our company. Particularly in the current crisis, we want to offer stakeholders a high degree of orientation and transparency and provide a continuous flow of information about our plans and progress, especially on sustainability issues.


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As a result of the coronavirus crisis, the 2020 Annual General Meeting took place virtually—MTU’s Executive Board members provided information on the company’s business developments and answered shareholders’ questions via a live stream.

We strive to conduct a proactive, mutually supportive dialogue with our key stakeholders. We pursue this dialogue regularly, with the actual frequency determined by the need for communication and/or information. Our dialogue pursues two objectives. We want to achieve wide societal acceptance for our business activities and to provide information about the challenges, developments and technologies relating to sustainable aviation. Our focus is on achieving zero-emission aviation with novel propulsion concepts in the long term. This stakeholder dialogue also gives us the opportunity to respond to suggestions, expectations and feedback and act on new topics in good time. It helps us evaluate how our activities and products are affecting the environment and society in general. → Materiality analysis We give employees the opportunity to provide feedback and participate in the stakeholder dialogue, and we regularly gather the views and opinions of our employees through surveys such as the PulseCheck mood barometer, which was introduced in 2020, especially in the current period of dynamic change. We have set ourselves the corporate goal of providing our stakeholders with a high level of security and orientation during the crisis. This increases confidence and trust in our company.

Stakeholders are individuals, groups or organizations that have a regular relationship with MTU. Our key stakeholders are employees, customers, business partners, suppliers and shareholders. We are also in continuous dialogue with scientists, researchers, analysts, journalists, politicians, associations, NGOs, employee representatives, neighbors and communities.

Communication with our stakeholders takes place over various channels and platforms so we can incorporate their interests and feedback. This dialogue is mostly tailored to the target group or a specific topic. At our locations, we pursue a direct dialogue with the general public, for instance with community representatives, neighbors and other interest groups.

Online survey about sustainability

Our website invites all stakeholders to discuss our sustainability strategy. We collected and evaluated almost 70 individual opinions on this in 2020 alone. To the survey

Due to the coronavirus pandemic, many events took place virtually in the reporting year, including aviation trade shows such as ILA Berlin with AeroDays2020. The AeroDays panels in which MTU participated can be found on YouTube

In 2020, key sustainability topics we addressed in our stakeholder dialogue included: climate action in the aviation industry (in particular the reduction of CO2 emissions from products and in production); emissions-free flight as a long-term goal; sustainable aviation fuels (SAFs) with a particular emphasis on hydrogen; human rights in the supply chain; sustainable finance; and social topics such as diversity or our employees’ human capital. Our social media posts increasingly feature sustainability topics. MTU channels currently have some 68,000 followers, and this figure continues to rise. Under the hashtags #futureofaviation, #hydrogenpower, #climatefriendly, #greenaviation, #sustainabilityfacts, #weareresponsible and #whysustainabilitymatters, we regularly report on sustainability topics on all channels and in 2020, we launched a campaign to provide information about our contribution to the SDGs. → More about the SDGs

Reliable information for the capital market

We aim to provide sufficient and reliable information about MTU as a sustainable investment, and to this end we engage in regular dialogue with our investors, for example at the annual Capital Markets Day, roadshows and the Annual General Meeting. We also offer investors and analysts insight into our sustainability strategy and performance, for example in relation to climate action, via the CDP rating. → To our rating and rankings We also intend to follow the recommendations of the Task Force on Climate-related Financial Disclosures (TCFD) and appropriately present climate risks and opportunities for our business model as well as our contribution to the Paris Agreement and the EU Green Deal. We are currently collecting the necessary information and will publish it on our website.

Our stakeholder groups and dialogue platforms

Employees

Topics

Forms of dialogue

Health and safety

MTUnet (Social Intranet) and contact (employee magazine)

Career and advanced training opportunities

Employee surveys (PulsCheck)

Compensation and benefits

Need-based information from the HR department

Work-life balance

Dialog and information events

Diversity and equality of opportunity

Company suggestion scheme

Co-determination

Individual consulting sessions

 

Online learning portal

 

Welcome on Board program

Business partners and customers

Topics

Forms of dialogue

Product quality and safety

Voice of the customer

Sustainable technologies

Trade fairs

Product fuel efficiency

Corporate communications media channels

Human rights

Compliance

Suppliers

Topics

Forms of dialogue

Product quality and safety

Supplier portal

Environmental protection

Audits

Responsible sourcing

Supplier surveys

Compliance with MTU standards

Supplier Days

Capital market

Topics

Forms of dialogue

Product innovation/eco-efficiency

Annual General Meeting

Responsible corporate governance

Conferences and roadshows

Human rights

Investor discussions

Compliance

Trade fairs

Climate protection

Ratings

Risk management

Financial communications

Supplier management

Science and research

Topics

Forms of dialogue

Developing new technologies

Joint research projects

Promoting research and teaching

Work in MTU centers of excellence

Networking between industry and research

Trade fairs

Study of engineering and scientific disciplines

Visits from university student groups

Recruiting

Presentations/discussions at universities

Media

Topics

Forms of dialogue

Innovation and technologies

Press releases

Aviation sector/eco-efficiency

Press conferences and briefings

MTU as an employer

Plant tours

Financial issues

Internet / social media

Site development

Trade fairs

Compliance

Studies

Region

Topics

Forms of dialogue

Social commitment

Community partnerships

Climate protection

Internet / social media

MTU as an employer

Plant tours

Site development

Stakeholder survery

Compliance

Museum open house days

Politics, public agencies

Topics

Forms of dialogue

Developing and promoting technology

Parliamentary evening

Climate protection, eco-efficiency

Plant visits

Political frameworks and regulations

Trade fairs

Mobility concepts

Political discussions

Site development

Background talks

Demographic change

Visits by political delegations

Globalization

Compliance

Associations and organizations

Topics

Forms of dialogue

Eco-efficiency

Meetings and committees

Promoting innovation and technology

Participation in forums and events

Economic and labor policies

Studies

 

Expert discussions

 

Cooperations with NGOs

Political dialogue: Centrally coordinated representation of interests

MTU takes no party political position as a matter of principle. We purposely cultivate relationships with parties and factions on certain topics, as aviation is affected to no small degree by political decision-making, especially at the national and European levels. Our key points of contact include elected representatives and decision-makers from ministries at the state, federal and EU levels as well as from subordinate authorities and the German Armed Forces. To ensure transparency and adherence to external and internal regulations, MTU’s political dialogue is managed centrally by the Group Representation Office of the Corporate Communications department. In 2020, the main topics of the dialogue were emissions-free flight and hydrogen as the fuel of the future, as well as the impact of the coronavirus crisis on the aviation industry—for example, prospects for MTU sites or economic and labor market policy. We pursue our industry-specific interests through memberships in various professional associations.→ Overview of our memberships in the GRI index under Organizational profile

We do not make any financial or in-kind donations to political parties. All interactions in the political arena are carried out in compliance with the applicable legal and regulatory requirements and with our Code of Conduct, and must be granted central approval. Donations to political parties or party-affiliated organizations are generally subject to approval by the Supervisory Board. Mandatory requirements are stipulated in our compliance management system and Code of Conduct, including those relating to donations, sponsorship, customer events, in-house events, hospitality and corporate gifts. Compliance with these rules and regulations is the responsibility of the relevant manager in each case and is ensured by means of an internal monitoring system. We publish contacts with politicians on an ad hoc basis, e.g. during site visits. These days, many politicians themselves also report on visits and contacts. → Donations and sponsorship → Compliance


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