At GE, we define sustainability as aligning our business strategy to meet societal needs, while minimizing environmental impact and advancing social development. As one of the world’s leading infrastructure companies, we embrace our unique potential to help solve some of the most difficult sustainability challenges.
To identify our highest sustainability priorities (materiality in the Global Reporting Initiative sense), we began by evaluating the world’s needs with stakeholders and identifying the intersections of those needs with GE’s business strategies. Our sustainability strategy and reporting process are also informed by external stakeholder feedback gathered through formal advisory panels and regular engagement with customers and peer companies, academics, industry associations, NGOs, sustainability strategists and other partners. To learn more about our stakeholder engagement process, please visit our Stakeholders section. We select priority issues where both the need as expressed by critical stakeholders and GE’s unique potential for impact are greatest. For each sustainability priority, we employ GE’s deep expertise and advanced technologies to improve outcomes. Our strategy includes setting ambitious targets for minimizing our own footprint, developing products and solutions that enable our customers to meet their goals, and partnering with others to tackle challenges requiring a multisector approach. Working with colleagues at GE and key external stakeholders, we then monitor our progress and evolve as needed.
Based on this process, GE’s Sustainability Steering Committee selected the following priorities:
From the business perspective, these critical global needs are identified and acted on through our operating rhythm. While GE businesses and locations confront unique circumstances, these sustainability challenges are cross-cutting. At GE, our knowledge and relationships across sectors allow us to develop unique and multipronged approaches to addressing such critical challenges.