Better Health for All

GE Vernova's core business, focused on electrifying and decarbonizing the world, had a substantial positive health impact in 2023 by avoiding approximately 20 million metric tons of CO₂ emissions, which contributed to improved air quality and respiratory health.

This also represents a positive health externality. Additionally, the GE Vernova Foundation provided a $500,000 grant to create green spaces in underserved communities, aiming to promote physical activity and mental well-being for nearly 75,000 residents.

Fair Money & Economic Opportunity

GE Vernova's primary business is in the energy sector, providing technologies and services for power generation, renewable energy, and digital solutions. The company does not offer consumer lending, deposit, or insurance products. While it has a Financial Services business that is registered as an investment adviser and broker-dealer

, its activities are focused on project finance for energy transition rather than direct financial services to underserved consumers or micro-segments. Consequently, all KPIs related to consumer financial products, such as underserved client share, pricing fairness, exploitative fee exposure, inclusion initiatives (for loans), data accessibility for financial data, fair lending compliance, wealth building outcomes for financial users, profit reinvestment in community finance, financial literacy initiatives, debt burden ratio, geographic inclusion for banking access, and product simplicity for financial disclosures, are not applicable to its core operations or lack relevant evidence within the provided articles.

Fair Pay & Worker Respect

Global gender pay equity was 99.0% and U.S. underrepresented minority pay equity was 100.6% in 2023.

The employee engagement score was 76 out of 100 in 2024, with 73% participation. Voluntary employee attrition was 5.4% in 2024. Approximately 9.27% of the global workforce, totaling 6,950 employees out of 75,000, was covered by collective bargaining agreements or employee representative bodies in 2024.

Fair Trade & Ethical Sourcing

GE Vernova aims to close corrective action plans for deviations, findings, and non-conformities in less than 30 days.

For approved suppliers, on-site audits are conducted annually for those with annual spend not below US$100,000, and every three years for those with annual spend below US$100,000. In 2024, the company conducted 576 global audits through its Supplier Responsibility Governance (SRG) Program, identifying 3,013 findings, with 24% related to Human Rights & Labor. GE Vernova prohibits the employment of workers under 16 years of age and those under 18 for hazardous work. In 2024, no documented instances or complaints of modern slavery, forced labor, or child labor were reported in its own operations. The company files an annual report on conflict minerals (3TG) and is a partner member of the Responsible Minerals Initiative. In 2023, 64% of smelters and refiners identified by significant suppliers were verified as conformant with the Responsible Minerals Assurance Process. GE Vernova spent US$20 billion on raw materials across approximately 17,000 suppliers in 109 countries in 2024.

Honest & Fair Business

GE Vernova incurred $329,600 in ethics-related regulatory fines over the past three years.

This includes $300,000 paid in March 2024 by an Australian subsidiary for importing SF6 gas without a license, $5 and $20,500 in global safety penalties in 2024, and $9,100 in global environmental penalties in 2023. A whistleblower complaint was filed with the SEC alleging GE is materially misleading investors by underreporting Scope 3 carbon emissions. The company updated its FY 2023 Scope 1 and 2 data and re-adjusted its 2019 carbon emissions baseline due to previously unavailable data, resulting in a ~1% variance. The board of directors is 89% independent and is led by an independent, non-executive Chair. GE Vernova maintains a comprehensive anti-corruption policy that prohibits bribery in all global business dealings and adheres to international laws such as the U.S. FCPA and U.K. Bribery Act. The company provides a Supplier Integrity Guide for anti-corruption expectations and organized Compliance Weeks in regions like Nigeria in November 2023. In 2023, 97% of salaried employees completed ethics and compliance training. A whistleblower policy, called "Open Reporting," allows employees to report concerns without fear of retaliation, and external parties can contact the Corporate Ombuds Team. The Audit Committee oversees procedures for handling complaints, including anonymous submissions. The Code of Conduct is available in 16 languages.

Kind to Animals

GE Vernova operates in the energy sector, focusing on power, renewable energy, and digital businesses. The provided articles do not contain specific, concrete data points or explicit mentions regarding animal testing, animal agriculture, animal-derived ingredients, or animal welfare in its operations or supply chain. While the company conducts general R&D

and supplier audits, these are not specified as being related to animal-free technologies or animal welfare compliance. Similarly, public policy engagements mentioned are related to human rights, labor, and environmental sustainability, not animal welfare policy. Although the company engages in wildlife protection initiatives, such as designing fish-friendly turbines , planning to remove turbine blades to minimize disturbance to marine and bird life , and participating in collaborations that reduced bat fatalities by 50% , the rubric's tiers for 'wildlife_conservation_impact' are quantitatively defined by a percentage of revenue invested, which is not provided in the articles. Therefore, no KPIs under the 'Kind to Animals' value can be scored based on the evidence provided and the strict application of the rubric's quantitative thresholds.

Planet-Friendly Business

GE Vernova's Scope 1 and 2 market-based emissions were 428,213 tCO₂e in 2024, representing a 51% reduction from 2019.

Gross Scope 3 emissions from the use of sold products were 796 million metric tons in 2024, a 38% drop from the previous year. The company's water consumption was 292.56 m³ per $1 million revenue in 2024. 53% of GE Vernova's product lines are covered by Life Cycle Assessments or Environmental Product Declarations. GE Vernova conducted a climate risk assessment aligned with TCFD recommendations, including physical and transition risk scenario analyses. The company is considering SBTi approaches and evaluating interim targets, but no validated targets are reported. In 2024, GE Vernova reinvested $1,242 million in R&D for climate-positive technologies such as Carbon Capture and Storage, Direct Air Capture, hydrogen combustion, and small modular nuclear reactors, against a net income of $1,552 million.

Respect for Cultures & Communities

GE Vernova has no reported cultural appropriation incidents. The company implements industry-leading cultural impact assessment protocols, including the International Finance Corporation’s Performance Standards and the World Bank’s Environment, Health and Safety Guidelines, and conducted a human rights impact assessment at a project site in 2024.

It actively mitigates environmental impacts of construction, such as archaeological findings, demonstrating measures for cultural site protection. Formal grievance mechanisms are widely available through Open Reporting channels in over 16 languages globally. However, GE Vernova demonstrated a reactive response to a cultural incident in July 2024, paying a $10.5 million settlement to Nantucket and establishing a Community Claims Fund for economic harm caused by a turbine blade failure, with one business owner waiting nearly a year for resolution.

Safe & Smart Tech

GE Vernova operates a coordinated vulnerability disclosure program with an acknowledgement of receipt within one business day

, demonstrating industry-leading responsiveness. Its comprehensive regulatory compliance program adheres to NIST, ISO 27001 , IEC 62443 , APEC CBPR , and includes Binding Corporate Rules for EU residents . The company explicitly adopts a security and privacy-by-design approach for its tools, processes, and new products . Security testing includes ongoing penetration testing for platforms and applications , with risk-based assessments and cybersecurity checklists in Factory Acceptance Tests . GE Vernova holds numerous certifications, including ISO 27701 , 27018 , 27001 , SOC 3 , and IEC 62443-4-1 for various products and its secure product development lifecycle . Users are offered excellent data control options, including a cookie consent tool , choices to update preferences , limit communications , opt out of interest-based advertising , and the ability to exercise individual rights such as access, correction, erasure, restriction, and data portability . Data minimization practices are standard , with personal information retained as long as needed for stated purposes or as required by law , and a broad range of data collected . For AI ethics, the company has an "Acceptable use of AI Policy" and "AI Resources" , but lacks explicit evidence of implementation mechanisms or bias monitoring for its own AI systems.

Zero Waste & Sustainable Products

GE Vernova reported 11 environmental spills and 2 wastewater exceedances in 2024

, and paid $9.1 thousand in global environmental penalties in 2023 . The company monitors materials compliance with regulations like EU’s REACH and RoHS , and is replacing SF6, a high global warming potential gas, with a g3 alternative . In 2024, 38% of GE Vernova’s top products were covered by its 4R circularity framework , up from 23% in 2023 , with a target of 90% by 2030 . This framework, emphasizing Rethink, Reduce, Reuse, and Recycle, is supported by Design for Environment guidelines . The company is developing a project to double the service life of large power transformers from 40 to 80 years . Waste reduction initiatives include implementing Lean principles , organizing a company-wide Sustainability Kaizen Week with over 70 global events , and introducing AI-based software for resource optimization . Its subsidiary, LM Wind Power, aims for zero waste in blade manufacturing by 2030 . GE Vernova requires suppliers for its 4R-covered top products to demonstrate lean manufacturing, commit to reducing waste, and source sustainable materials .