GE Reports 2014 Sustainability Progress
May 19 2015 - 10:32AM
Business Wire
GE (NYSE:GE) today released its 2014 Sustainability Report
showing the progress of the company’s Ecomagination and
healthymagination initiatives as well as measureable progress
against nearly 40 environmental, social and governance goals and
metrics. In 2014, GE invested more than $2 billion in research and
development for Ecomagination and healthymagination innovations and
projects with Ecomagination offerings generating $34 billion in
revenue. GE along with its employees and retirees gave $200 million
to community and educational organizations, including $108 million
from the GE Foundation.
Additional highlights for 2014 include:
- Investment in clean-tech research
and development: Since 2005, GE has invested $15B in
Ecomagination R&D, on track to meet the commitment of $25B in
total investment by 2020.
- An estimated 1 million GE volunteer
hours were contributed through more than 5,500
company-sponsored initiatives in 2014.
- Increase revenues from Ecomagination
products: In 2010, GE set an ambitious goal of growing revenues
from Ecomagination offerings at twice the rate of total company
revenue in five years. In 2014, Ecomagination met this objective
with revenue totaling $34 billion.
- Reduce greenhouse gas (GHG)
emissions and freshwater use: GE GHG emissions were reduced 31
percent from the adjusted 2004 baseline and GE’s freshwater use was
reduced more than 42 percent from the 2006 baseline.
- The GE Foundation’s Developing
Health program expanded its reach: since inception the program
has reached 164 health centers in 42 U.S. cities. Together with the
GE Foundation’s Developing Health Globally program, the company is
also helping increase access to healthcare through more than 250
health centers in 15 countries, touching approximately 15 million
lives.
All initiatives aim to keep the public informed. GE is
continuing ongoing communications to engage with the public. The
company maintains updated websites where people can learn more and
engage in a dialogue about GE, its customers and its diverse
stakeholders. GE ensures strong disclosure by holding more than 300
analyst and investor meetings annually.
About GE
GE imagines things others don’t, builds things others can’t and
delivers outcomes that make the world work better. GE brings
together the physical and digital worlds in ways no other company
can. In its labs and factories and on the ground with customers, GE
is inventing the next industrial era to move, power, build and cure
the world.
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version on businesswire.com: http://www.businesswire.com/news/home/20150519006464/en/
Press:GEMegan Parker,
1-646-682-5605Megan.parker@ge.com
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