Earlier this week, GE Vernova released its 2024 Sustainability Report. We encourage you to review the materials on GE Vernova’s dedicated Sustainability website.

Key highlights from our 2024 Sustainability Report:

• Brought an additional 31 GW of new power generating capacity online while energizing 71 GW of transformers
• New generating capacity is ~20% below the global average carbon intensity of the existing grid, projected to avoid ~27 million metric tons of CO₂ emissions in the first full year of operation
• Our estimated lifetime gross CO₂ emissions from use of sold products in 2024 are down 61% from 2019
• Reduced operational Scope 1 & 2 emissions by 51% since 2019
• Announced new goals to help support the growing global demand for electricity:
  • Bring 150 GW of new power generating capacity online between 2024 and 2030, with a target to add 30% of it in developing or emerging economies
  • Train 30,000 students and learners through workforce development and training programs by 2030

“A year after the founding of GE Vernova and the introduction of our first-of-its-kind sustainability framework, our purpose and mission to electrify and decarbonize the world remain at the center of everything we do,” said Scott Strazik, CEO of GE Vernova. “I believe the sustainability performance we share in the pages here is our strongest proof point for what we can do – all ~75,000 of us – to not only succeed as a company, but help solve the world’s most pressing challenge together with our customers, our partners, and the communities where we operate.”

At GE Vernova, we are working every day to maintain reliable, affordable, and secure electricity systems through our manufacturing footprint, investments in innovative technologies, and focus on the future workforce. We are proud of the progress outlined in our Sustainability Report and look forward to achieving our sustainability goals.

As always, we thank you for your continued interest in GE Vernova. 

Best,

Michael & team 

This document contains forward-looking statements. Forward-looking statements provide current expectations of future events based on certain assumptions. Words such as “expects,” “intends,” “plans,” and similar expressions, may identify such forward-looking statements. Except as required by law, we disclaim any obligation to update any forward-looking statements.

Numbers above are FY 2024 data of GE Vernova’s businesses on a standalone basis. The Company established 2019 as the base year against which progress toward the company’s GHG emissions reduction commitments will be measured. Refer to the FY 2024 Sustainability Report and its appendices for additional information about GE Vernova’s reporting methodology.