01 The world where we are operating 13 We are growing and investing heavily Trends, risks and opportunities Stakeholders 23 Sustainable shipbuilding The environmental impacts of shipbuilding process 03 Risk management and safety at the shipyard HSE risk management and safety at the shipyard The Meyer Turku Oy shipyard specializes in building highly complex, innovative and environmentally friendly cruise ships, car-passenger ferries and special vessels. Together with its two sister shipyards in Germany, Meyer Werft in Papenburg and Neptun Werft in Rostock, Meyer Turku is one of the world’s leading...

SHIPBUILDING CAN AND MUST BE DONE RESPONSIBLY This is Meyer Turku’s first sustainability report drawn up in accordance with the GRI Standards. In this report, we address themes that our stakeholders particularly highlighted in their responses to our stakeholder survey. We also identify the same issues as important to us. Meyer Turku wants to be a builder of the world’s most advanced and environmentally friendly cruise ships and car-passenger ferries. We are committed to being forerunners in the development of the sustainability of vessels throughout their life cycle, which means that also the...

ANNUAL REPORT Key events during the financial year During the financial year, the company delivered the Ropax ferry Megastar to AS Tallink Grupp in January and the cruise vessel Mein Schiff 6 to TUI Cruises GmbH in May. The company's work load situation remained good throughout the financial year. The volume of orders has provided our own employees with a steady workload, and during the year we also recruited 296 new employees. During the financial year, the company continued implementing an investment programme aimed at improving the company's competitiveness and ensuring production capacity...

THEMES OF SUSTAINABILITY Introduction of the report This is Meyer Turku Oy’s first Sustainability Report, covering the company’s own operations in 2017. In relation to training and occupational health and safety, the calculations extend beyond this time limit. The training provided by the Shipbuilding School and the work-related accidents that have happened in the shipyard area are also reported separately for the personnel of Meyer Turku’s network companies. The framework of the report was provided by the GRI Standard, and the report has been completed in accordance with the core-level requirements...

MEYER RESPONSIBILITY TOPICS IN MEYER TURKU VALUE CHAIN Value creation 4. PASSENGERS IffIff 3. CRUISE SHIP Responsible travel Impacts on local conditions in target country Increasing impacts of air travel 2. SHIPYARD Meyer Turku Energy efficiency Alternative fuels Hydrodynamics Materials 1. NETWORK Engineering | Work | Systems and machinery | Materials Project management | Procurement | Finances | Engineering | Hull production Management principles Risk management Ensuring competence Well-being at work Societal impacts Network monitoring Responsible procurement Sustainable shipbuilding | Meyer...

01 THE WORLD WHERE WE ARE OPERATING Sustainable shipbuilding | Meyer Turku 2017 Sustainable shipbuilding | Meyer Turku 2017

The world where we are operating We are growing and investing heavily Investments aimed at making us one of the world’s most cost-efficient cruise liner shipyards We are making major investments in the rebuilding of Turku shipyard. At the moment, the total value of public investments extending until the end of 2019 amounts to 200 million euros. The shipyard has a lot of old production equipment the modernisation of which is essential for us. The investments include a new Goliath crane that rose to the height of 120 metres in November 2017, as well as a new plate cutting line, a new profile cutting...

The world where we are operating Efficiency through new tecnologies and modernisation Meyer Turku made a considerable investment in crane technology in order to grow its hull production capacity. Konecranes was selected to deliver a Goliath gantry crane with a lifting capacity of 1,200 tons, and to modernize the current Goliath crane, lifting capacity 600 tons, that went into service in 1976. The design, precision drive components, electrical systems, automation system and structural components of the new Goliath crane were supplied by Konecranes, while Meyer Turku manufactured the main girder...

The world where we are operating In shipyard operations, there are always various trends, risks and opportunities of different levels involved. The most important global trends creating new business opportunities for Meyer Turku are climate change and digitalisation. At the political level, the main risks for the shipyard operations are related to accidents and on-board fire. In addition to these, because of the rapid growth of the shipyard, there are risks related to safety, staff orientation and transfer of competence that we are prepared for. Climate change and digitalisation as drivers of...

The world where we are operating MATERIALITY MATRIX Subjects that interest external and internal stakeholders We take part in both Finnish and international development projects aimed at developing the sustainability in maritime industry and shipbuilding. We also collaborate closely with the other operators in the Finnish maritime cluster, as well as research and educational institutions. We are engaged in development cooperation with the other Meyer shipyards on a daily basis. Active interaction We have close interaction and cooperation with local administrative bodies in the Turku economic...

Sustainable shipbuilding | Meyer Turku 2017 Sustainable shipbuilding | Meyer Turku 2017

World-class ships Sustainable shipbuilding Modern cruise ships are like small cities sailing on the sea, and building them requires competence not only in heavy metal industry but also in high-standard design, technology and product development. In collaboration with our supplier network we need to master a very complicated entity, where such aspects as steel structures, power sources, waste water treatment, optical cable networks, lighting and furnishing solutions, restaurants and laundries as well as passenger safety all come seamlessly together. International regulations steer energy efficiency...