Climate Change Data

Environmental Metrics

ESG Focus Areas

• Diversity and Inclusion
• Human Rights: Supplier Responsibility
• Safety
• Environmental Stewardship
• Climate Change and Energy
• Lifting Our Communities

Environmental Achievements

• Reduced GE Operational GHG Emissions (market based) to 1.81 million metric tons of CO2 equivalent in 2021 from 2.39 in 2020
• Increased Renewable Energy Used to 63,100 MWh in 2021 from 53,000 MWh in 2020

Social Achievements

• Increased Global Female Representation in leadership to 27.2% in 2021 from 26.0% in 2020
• Reduced Total Recordable Rate for Injury & Illness to 0.60 in 2021 from 0.53 in 2020
• Reduced Days Away From Work Incident Rate to 0.32 in 2021 from 0.29 in 2020
• Total GE “Family” Giving of $44.3M in 2021

Governance Achievements

• Increased number of Total Global Audits to 1,115 in 2021 from 1,286 in 2020 (Note: This decrease may reflect improvements in supplier practices)

Climate Goals & Targets

Environmental Challenges

• Not disclosed

Mitigation Strategies

• Not disclosed

Supply Chain Management

Supplier Audits: 1,115

Responsible Procurement

• Supplier Responsibility Governance (SRG) program

Climate-Related Risks & Opportunities

Physical Risks

• Not disclosed

Transition Risks

• Not disclosed

Opportunities

• Not disclosed

Reporting Standards

Frameworks Used: UN Global Compact, UN Sustainable Development Goals (SDGs)

Certifications: ISO 14001 (111 sites)

Third-party Assurance: Not disclosed

UN Sustainable Development Goals

• Not disclosed

Not disclosed

Sustainable Products & Innovation

• Not disclosed

Awards & Recognition

• Not disclosed

Environmental Metrics

ESG Focus Areas

• Climate Change
• Product Safety & Quality
• Product Stewardship
• Diversity & Inclusion
• Human Rights
• Environmental Stewardship
• Lifting Our Communities

Environmental Achievements

• 28% reduction in Scope 1 & 2 emissions vs. 2019
• Updated progress on technology roadmaps for 2050 net zero ambition for Scope 3 emissions from use of sold products
• Gas Power business reduced energy consumption by 43 million kWh through lean practices

Social Achievements

• Integrated Diversity & Inclusion into Sustainability Report
• Increased community investment ($44.2M in 2022)
• Enhanced Brownfields program, committing over $40 million to cleanup in EJ communities

Governance Achievements

• Strong advocacy for clean energy tax credits in the Inflation Reduction Act
• Participation in the Corporate Coalition for Innovation & Technology toward Net Zero (CCITNZ)
• Continued engagement to support policies advancing a just transition and sustainability goals globally

Climate Goals & Targets

Environmental Challenges

• Meeting rising global demand for sustainable energy while decarbonizing the energy sector
• Achieving net-zero emissions by 2050, including Scope 3 emissions
• Addressing increasing scarcity of resources and expectations for product stewardship

Mitigation Strategies

• Investing in breakthrough technologies (small modular nuclear reactors, CCUS, low/zero carbon fuels)
• Developing advanced engine technologies for improved fuel efficiency (CFM RISE program)
• Supporting 100% SAF adoption and testing zero-carbon hydrogen fuel combustion
• Implementing product stewardship and circularity goals, activating over 100 personnel to assess and improve initiatives

Supply Chain Management

Supplier Audits: 1,233 total global audits

Responsible Procurement

• Supplier Responsibility Governance (SRG) program

Climate-Related Risks & Opportunities

Physical Risks

• Not disclosed

Transition Risks

• Not disclosed

Opportunities

• Development of energy-efficient products and services; breakthrough technologies for a lower carbon future

Reporting Standards

Frameworks Used: TCFD, SASB, GRI

Certifications: ISO 14001

Third-party Assurance: Not disclosed

UN Sustainable Development Goals

• Not disclosed

Close alignment between 11 of the 17 SDGs and GE's business strategy and sustainability priorities

Sustainable Products & Innovation

• Onshore and offshore wind turbines
• Efficient gas turbines
• Technology to modernize electrical grids
• Small modular nuclear reactors
• Carbon capture, utilization, and sequestration (CCUS) technologies
• Advanced engine technologies (CFM RISE program)
• Hydrogen fuel cells

Awards & Recognition

• Not disclosed

Environmental Metrics

ESG Focus Areas

• Safety
• Environment
• People
• Governance

Environmental Achievements

• Reduced energy usage by 1,970 MWh per year at Celma, Brazil through a kaizen event.
• Achieved a 23% reduction in Scope 1 and 2 CO2e emissions vs. 2019 base year.
• Procured around 77,000 MWh of carbon-free electricity in 2023.

Social Achievements

• 14.8% reduction in injury and illness total recordable rate compared to 2022.
• Launched Leaders Innovating Flight for Tomorrow (L.I.F.T.) Summit to attract diverse university talent.
• Launched GE Aerospace Learning Central Platform for employee development.

Governance Achievements

• Established FLIGHT DECK, a proprietary lean operating model.
• Implemented a robust Supplier Responsibility Governance (SRG) program.
• Maintained zero engine-caused events resulting in serious risk to aircraft in 2023.

Climate Goals & Targets

Environmental Challenges

• Increasing Scope 3 carbon emissions due to increased demand for global travel.
• High cost and limited supply of Sustainable Aviation Fuel (SAF).
• Managing legacy site contamination.

Mitigation Strategies

• Investing in research and development of new technologies (e.g., Open Fan, hybrid electric systems).
• Advocating for policies and initiatives to increase SAF availability and affordability.
• Implementing remediation plans at legacy sites in compliance with regulations.

Supply Chain Management

Responsible Procurement

• Supplier Responsibility Governance (SRG) program
• Integrity Guide for Suppliers, Contractors, and Consultants

Climate-Related Risks & Opportunities

Physical Risks

• Not disclosed

Transition Risks

• Regulatory changes
• Market shifts

Opportunities

• Development of energy-efficient products
• Growth of SAF market

Reporting Standards

Frameworks Used: TCFD, SASB, GRI Standards (Core)

Certifications: ISO 50001 (in progress at 15 sites)

Third-party Assurance: Limited assurance by an external third party for base year 2019 and reporting year 2023 (carbon emissions)

Sustainable Products & Innovation

• GE9X engine
• LEAP engine
• GEnx engine
• Passport engine
• Catalyst engine

Awards & Recognition

• 2024 Best Place to Work for Disability Inclusion