GE HealthCare Technologies Inc. (GE HealthCare)
Climate Impact & Sustainability Data (2022, 2023)
Reporting Period: 2022
Environmental Metrics
Total Carbon Emissions:294,042 tCO2e/year
Scope 1 Emissions:119,550 tCO2e/year
Scope 2 Emissions:174,852 tCO2e/year
Scope 3 Emissions:Not disclosed
Renewable Energy Share:Not disclosed
Total Energy Consumption:1,014,345 MWh/year
Water Consumption:1,660,885 m3/year
Waste Generated:Not disclosed
Carbon Intensity:Not disclosed
ESG Focus Areas
- Expanding access to quality healthcare
- Promoting diversity, equity, and inclusion
- Mitigating climate impact and improving concomitant resilience
- Advancing the circular economy and environmental design
- Protecting patient data and cybersecurity
Environmental Achievements
- Reduced operational GHG emissions by 27% since 2019
- GoldSeal program recovered approximately 6,700 units of imaging and ultrasound equipment, diverting over 5.15 million kilograms of potential landfill waste
Social Achievements
- Achieved 100% pay equity globally for gender and for U.S. underrepresented minorities
- Provided $5 million worth of life-saving medical equipment to Ukraine
- Donated $1 million worth of handheld ultrasound and X-ray systems to Turkey after earthquake
Governance Achievements
- Established a diverse Board with 40% women, 30% racially/ethnically diverse, and 20% born outside the U.S.
- Relaunched The Spirit & The Letter (Code of Conduct) in 10 languages with 99.7% colleague acknowledgement
- Received ISO 27001 certification for Information Security Management System
Climate Goals & Targets
Long-term Goals:
- Achieve net zero emissions by 2050
Medium-term Goals:
- Develop net zero roadmap for Scope 1, 2, and 3 emissions by end of 2023
Short-term Goals:
- Reduce Scope 1 and 2 emissions by 50% by 2030
- Submit GHG reduction targets to SBTi by end of 2023
- Complete climate risk assessment by end of 2023
Environmental Challenges
- Climate change impacts on healthcare access and resilience
- Cybersecurity threats to systems and data
- Maintaining ethical and sustainable supply chains
Mitigation Strategies
- Developing net zero roadmap and SBTi targets
- Implementing robust cybersecurity measures and managed services (Skeye)
- Conducting supplier audits and implementing Supplier Responsibility Governance program
Supply Chain Management
Supplier Audits: 220 global SRG audits in 2022; 34% of first-tier suppliers audited
Responsible Procurement
- Supplier Integrity Guide, conflict minerals reporting, due diligence on suppliers
Climate-Related Risks & Opportunities
Physical Risks
- Not disclosed
Transition Risks
- Not disclosed
Opportunities
- Development of energy-efficient products
Reporting Standards
Frameworks Used: SASB, TCFD, UN Global Compact (joined July 2023)
Certifications: ISO 27001
Third-party Assurance: Third-party assurance for select data (details in appendices)
UN Sustainable Development Goals
- Not disclosed
Analysis planned for 2024
Sustainable Products & Innovation
- End-tidal (Et) Control software for anesthesia delivery, SIGNA Hero MR machine
Awards & Recognition
- EcoVadis Silver rating (November 2022)
Reporting Period: 2023
Environmental Metrics
Total Carbon Emissions:1,025,314 tCO2e/year (Scope 1 & 2 market-based)
Scope 1 Emissions:136,032 tCO2e/year
Scope 2 Emissions:889,282 tCO2e/year (market-based)
Scope 3 Emissions:6,800,000 tCO2e/year
Renewable Energy Share:21% of total energy use
Total Energy Consumption:515,742 MWh/year
Water Consumption:1,699,269 m3/year
Waste Generated:439,145 tons/year (landfill)
Carbon Intensity:Not disclosed
ESG Focus Areas
- Expanding access to quality healthcare
- Promoting inclusion and diversity
- Mitigating our climate impact and improving resilience
- Advancing the circular economy and environmental design
- Protecting patient data and cybersecurity
Environmental Achievements
- Reduced Scope 1 and 2 emissions by 13% compared to 2022 baseline
- Increased renewable energy use from 13.0% in 2022 to 21.0% in 2023
Social Achievements
- Opened GE HealthCare Academy in Astana, Kazakhstan
- Received a $44 million grant from the Bill & Melinda Gates Foundation for AI-assisted ultrasound technology
- Launched a comprehensive DEI strategy
- Maintained 100% pay equity globally for gender
Governance Achievements
- Joined the UNGC
- Revamped The Spirit & The Letter, the Code of Ethics and Integrity
- Received ISO 27001 certification for Information Security Management System
Climate Goals & Targets
Long-term Goals:
- Achieve net zero emissions by 2050
Medium-term Goals:
- Reduce operational GHG emissions (Scope 1 and 2) by 42% and Scope 3 emissions by 25% by 2030 (compared to 2022 baseline)
Short-term Goals:
- Not disclosed
Environmental Challenges
- Supply chain disruptions due to climate-related weather events
- Increasing climate-related disclosure and regulatory requirements
- Shifting customer preferences toward low-carbon products
- Costs associated with decarbonizing products and services
Mitigation Strategies
- Developed alternative sourcing strategies
- Monitor and prepare for emerging regulations; enhance governance and controls over climate-related disclosures
- Continue to incorporate environmental considerations into product development processes; develop environmental product collaterals
- Identify and prioritize cost-effective decarbonization levers in net zero roadmap; partner with customers to drive adoption of lower carbon practices
Supply Chain Management
Supplier Audits: 262 SRG audits in 2023; 15% increase year-over-year in Supplier Quality Audits
Responsible Procurement
- Integrity Guide for Suppliers, Contractors, and Consultants; Know Your Supplier program; Supplier Responsibility Governance program; EcoVadis assessment for top suppliers
Climate-Related Risks & Opportunities
Physical Risks
- Extreme weather events impacting employees, value chain, finances, and real estate
- Shifting climate patterns impacting employees, value chain, finances, and real estate
Transition Risks
- Increasing climate-related disclosure and regulatory requirements
- Shifting customer preferences toward low-carbon products
- Costs associated with decarbonizing products, processes, and services
Opportunities
- Development of energy-efficient products
Reporting Standards
Frameworks Used: SASB, TCFD, UNGC
Certifications: ISO 14001, ISO 45001, ISO 50001, ISO 27001, ISO 27701, ISO 27017, ISO 27018
Third-party Assurance: Third-party assurance for Scope 1 and 2 GHG emissions
UN Sustainable Development Goals
- 3, 8, 10, 12, 13, 1, 4, 5, 9, 15, 16, 17
See UN SDG index in report appendices for details
Sustainable Products & Innovation
- Products with improved energy efficiency and reduced GHG emissions; GoldSeal refurbished equipment; products designed for longevity and repairability
Awards & Recognition
- Supplier Diversity Award from Premier, Inc.