General Electric

5 Necco St, Boston, MA 02210

For more than 125 years, GE has invented the future of industry, and today the company’s dedicated team, leading technology, and global reach and capabilities help the world work more efficiently, reliably, and safely. GE’s people are diverse and dedicated, operating with the highest level of integrity and focus to fulfill GE’s mission and deliver for its customers.

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3.3

Overall Excellence Rating

Industry

Internet of Things (IoT)

Category

Machinery Manufacturing

ESG/Ethical Impact

As a company whose equipment helps generate one-third of the world’s electricity, we have a responsibility to lead the industry’s decarbonization efforts while solving the energy “trilemma” of affordable, reliable, and sustainable electricity, particularly for the more than 750 million people without access. Our energy businesses provide powerful, integrated solutions with some of the most innovative onshore and offshore wind turbines, most efficient gas turbines, as well as advanced technology to modernize and digitize electrical grids. For example, our powerful Haliade-X offshore wind turbine prototype in Rotterdam began operating at 14 MW. One Haliade-X 14 MW turbine can generate up to 74 GWh of gross annual energy production, saving up to 52,000 metric tons of CO2, which is the equivalent of the emissions generated by 11,000 vehicles* in one year. We have over 7 GW of Haliade-X commitments worldwide. nnovations that improve fuel efficiency are defining the future of flight, and Aviation is helping the industry make meaningful progress toward its goal of net zero carbon emissions by 2050. GE Aviation is unique in the industry for the scale and ambition it is bringing to confront this problem, as we pursue solutions across Sustainable Aviation Fuel (SAF) as well as hybrid electric and hydrogen-powered flight. Today, all GE and partner engines are able to operate on approved SAF, which could lower lifecycle carbon emissions by up to 80 percent compared to petroleum-based fuels. GE Aviation, together with GE Research, is advancing commercial hybrid electric propulsion systems through key partnerships with ARPA-E and NASA. Additionally, Airbus and CFM International* are collaborating on tests of a modified GE Passport engine fueled by hydrogen. We are also innovating the next generation of aircraft engines. CFM launched the Revolutionary Innovation for Sustainable Engines (RISE) program to demonstrate advanced technologies, with ground and flight tests expected in the middle of this decade. This program could ultimately lead to engines that would use 20 percent less fuel and reduce CO2 emissions by 20 percent more than the most efficient jet engines built today. In 2020, we set a new goal to achieve carbon neutrality within our own operations (Scope 1 and 2 emissions) by 2030. As described in this report, to achieve this goal, our businesses are making operational investments in energy efficiency, reducing emissions from the grid through smart power sourcing, and using lean practices to eliminate energy waste. For example, our Gas Power team held a “Carbon and Energy Savings Kaizen Week” earlier this year across 21 sites focused on reducing energy consumption that identified an average savings of seven percent energy usage per site. Our approach to ESG mirrors how we run GE more broadly. We approach ESG with the same spirit of humility, transparency, and rigor as our businesses, with a focus on where we need to improve performance, address gaps, and enhance programs. The two words that most come to mind are “continuous improvement.” This concept, core to lean management at the heart of GE’s transformation, drives us to focus our attention on what we need to do better to succeed in our goals.

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Awards Received

2023

Revenues

$76,500,000,000.00

Website Traffic

Employee Rating

4

Customer Rating

4.3

Company Size

10000+

ESG Risk Rating

1

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