"The net zero target of General Electric Company is to become a net zero company by 2050. Net Zero Tracker This includes not only their own operations but also the Scope 3 emissions associated with the use of their sold products. Net Zero Tracker They also aim to be carbon neutral in their own Scope 1 and Scope 2 greenhouse gas emissions by 2030. Net Zero Tracker An interesting fact about their environmental policy is that they have a publicly available plan that lays out steps toward their target, including measures for all emission scopes covered by the target. Net …"
Carbon emissions are estimated according to comparable years, intensity and sector
Performance vs. Target
Note: Targets without baseline are ignored. In case several targets
exist, only the shorter-term target is
Value Chain (scope 3) Emissions by Category
Emissions Trajectory (Full Scopes)
Please refer to the library for viewing the supporting documentation
Note: Latest GHG and revenue data (based on tradingview.com) are used to calculate GHG
emissions intensity by sector. The color scale of each bubble depends on the GHG intensity (GHG emissions per 1
million USD revenue).
Sectors follow the Global Industry Classification Standard (GICS) that organize companies based on their primary
business activities. The 11 sectors are : Information Technology, Health Care, Financials, Consumer
Discretionary, Communication Services, Industrials, Consumer Staples, Energy, Utilities, Real Estate, and
General Electric belongs to the sector Industrials.
Separate targets for emission reductions and removals
Conditions on use of offset credits
Must be high environmental integrity
Plans for carbon dioxide removal (CDR)
Yes (CCS-based removals e.g. BECCS, DACCS)
Additional notes: "only for the unavoidable emissions that remained, we offset emissions by purchasing carbon credits that fund emission reduction projects worldwide and supporting wider Sustainable Development Goals. While recognizing the value of carbon offsetting to deliver immediate large-scale impact, our focus and priority is on emission reductions in our value chain and we are in the process of setting specific reduction targets for our operational emissions and beyond." - https://www.ge.com/renewableenergy/about-us/carbon-neutral
"To compensate for unavoidable emissions and balance our footprint to net-zero, we secured the required carbon credits that fund emission reduction projects worldwide. The offsets are certified to the highest standards, including the Clean Development Mechanism, Verified Carbon Standard as well as the Gold Standard. Our portfolio is comprised of projects that have measurable impact on the Sustainable Development Goals and provide renewable energy access, install clean cookstoves or capture methane from landfill gas."
"We anticipate that the majority of our progress toward meeting our 2030 goal will be achieved through absolute reductions of direct emissions and energy use achieved through operational investments, smart power sourcing, and elimination of waste" - https://www.ge.com/sites/default/files/ge2020_sustainability_report.pdf
"Looking forward, we will work to lead innovating breakthrough technologies for the future such as small modular nuclear reactors, carbon capture, hydrogen as a fuel, greater access to precision health, and a broad suite of technologies for air travel." https://www.ge.com/sites/default/files/ge2020_sustainability_report.pdf#page=36
At least 2 years of GHG emissions for scope 1 and 2 are publicly-available and externally-verified
Scope 3 emissions are fully reported and externally-verified
CDP score demonstrates the level of transparent disclosures
Net Zero Commitments by 2050 include an intermediate target and cover all the emissions
Net Zero targets demonstrate a high-level of emergency
Emission reduction targets on a forward-looking basis are ambitious