THRIVE
Our commitment to advance safe, responsible, and fair working conditions in our operations and across our value chain.
Leading Goals
Fatality-free operations
Demonstrate progress on inclusive culture and equal employment opportunity for all employees
Embed and implement ethical decision-making principles into business decisions
Partner with suppliers to advance human rights in our value chain
THRIVE
Discover our 2024 Human Rights Report
2024 Human Rights ReportProgress Towards Our Leading Goals and Metrics
Our leading goals and metrics provide focus to our sustainability strategy, helping to focus our efforts where it matters most. Each goal is designed to drive progress across the whole organization and enable more transparent reporting. Find out about the progress we made towards our leading goals in 2024.
Goal 1
Fatality-free operations
2024 PROGRESS
Our focus on preventing fatalities and severe safety events, which largely occur in projects and services, is our top safety priority and is the primary consideration in all our efforts. Regrettably three people doing work on our behalf lost their lives in 2024.
Goal 2
Demonstrate progress on inclusive culture and equal employment opportunity for all employees
2024 PROGRESS
In 2024, over 31% of our U.S. employees were from underrepresented racial or ethnic groups.
Goal 3
Embed and implement ethical decision-making principles into business decisions
2024 PROGRESS
Salaried employees completed ethics and compliance training in 2024.
Goal 1
Fatality-free operations
Our ultimate goal is that anyone who works for GE Vernova or does work on our behalf, goes home safely at the end of their workday. Our expectations for maintaining a safe, healthy work environment extend well beyond our own operations to all places where we work – customer sites, field services, and at our project installation and construction locations.
| SAFETY | ||
|---|---|---|
| 2023 | 2024 | |
| Injury and Illness – Total Recordable Rate¹ | 0.44 | 0.43 |
| Days Away From Work Incident Rate² | 0.21 | 0.21 |
| Fatalities – Employees (Count)³ | 0 | 1 |
| Fatalities – Contractor Workers (Count)⁴ | 3 | 2 |
| ||
OUR 2024 PROGRESS
One fatality is too many. Realistically, we know not every injury can be prevented. However, the work we did to establish our new Life Saving Rules and the ongoing work to operationalize them across the Company at the point of impact can eliminate serious injuries and fatalities. We have more work to do, and we do not take these tragic fatalities lightly. We continue to work hard every day to build a culture where we focus on STARTING WORK safely and STOPPING WORK when it’s not.
In 2024, we renewed our focus on critical fatality prevention controls, resulting in the creation of the GE Vernova Life Saving Rules. GE Vernova’s Life Saving Rules are our instructions and critical controls for fatality-free operations. They are central to the safety of our team members and those who work alongside us. They are our commitment to ensuring everyone working for us goes home safely at the end of the day.
To drive engagement, many sites have taken steps to embed the Life Saving Rules into their daily work, such as creating process maps highlighting the applicability of the Life Saving Rules related to their highest-risk operations, Life Saving Rules passports, validation checks, and site champions. These practices not only raise employee awareness of the Life Saving Rules, but they also directly reduce risk.
Explore our Life Saving Rules
Free resources to promote safe working
Goal 2
Demonstrate progress on inclusive culture and equal employment opportunity for all employees
The GE Vernova Way forges our path and culture, and creates competitive value for our stakeholders. One Team is a central foundation of our GE Vernova culture. It means ensuring every employee feels safe, valued, respected, and able to be their full self at work. Inclusion is a cornerstone of the Company we are building with incredible talent that can bring diverse experiences and perspectives that lead to better outcomes, performance, and innovation.
OUR 2024 PROGRESS
We are removing barriers to equal employment opportunities, ensuring a non-discriminatory, respectful, and inclusive workplace, and making employment decisions based on merit without regard to race, gender, or other protected characteristics.
OUR GE VERNOVA WAY
The energy to change the world
Goal 3
Embed and implement ethical decision-making principles into business decisions
Establishing a strong culture of integrity at GE Vernova goes beyond The Spirit & The Letter (S&L), our code of conduct, and requires ensuring our employees have the tools and principles to drive ethical decision-making practices.
Core tools and practices embedded in our business to ensure ethical decision making are:
Our 2024 Progress
In 2024, 98% of the employees who were assigned the S&L Acknowledgement completed the course. We also require all the trusted business relationships, including distributors, suppliers, and agents, to understand and comply with relevant aspects of the S&L.
Also in 2024, 797 concerns were raised through our Open Reporting grievance mechanisms, 587 of which were closed in the same year, with the remaining cases pending due to ongoing review. We carefully examine every integrity concern raised, and take necessary remedial actions where appropriate.
The Spirit & The Letter
Our code of conduct that sets the foundation for our compliance program.
Compliance Due Diligence
We conduct due diligence on both commercial and supplier relationships to ensure that we are doing business with qualified, reputable companies.
Compliance Training and Communications
We have a focused training and communications plan to educate employees about the risks associated with their work.
Anti-Bribery and Anti-Corruption (ABAC)
Our compliance efforts aim to operate a strong anti-corruption program – standing firmly against improper payments.
Compliance Risk Assessment
Our Ethics and Compliance team leads an annual assessment that focuses on evaluating the inherent risks and the strength of our internal controls across our business segments.
Voice of Integrity: Open Reporting
Every employee is responsible for integrity, and we rely on our workforce to detect potential violations of company policy or the law.
Goal 4
Partner with suppliers to advance human rights in our value chain
As a global company with a vast reach and extensive value chain, it is important we treat our employees, workers, customers, suppliers, and communities with fairness and dignity. We prioritize human rights by setting the ambition to advance safe, responsible, and inclusive working conditions in our operations and across our value chain.
| HUMAN RIGHTS: SUPPLIER RESPONSIBILITY GOVERNANCE (SRG) AUDITS | ||
|---|---|---|
| 2023 | 2024 | |
| Total Global Audits | 604 | 576 |
| Total Suppliers Approved | 581 | 559 |
| Total Suppliers Rejected | 23 | 17 |
| Total Findings¹ | 3,651 | 3,013 |
| SRG Audit Findings (by Topic) Human Rights & Labor | 21% | 24% |
| ||
OUR 2024 PROGRESS
We recently released our first Human Rights Report, reflecting our overall human rights program and actions we took in 2024.
We conduct integrated risk assessments, including human rights, for both upstream and downstream due diligence processes. Our customer, commercial party, and supplier due diligence processes set out the basic compliance expectations and requirements for due diligence, and are linked to the Human Rights Enterprise Standard, which details how we assess suppliers, customers, and commercial third parties for human rights risks.
We also recently published our first Human Rights Report reflecting our overall human rights program and the actions we took in 2024 to address human rights.
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Safety
Our ultimate goal is that anyone who works for GE Vernova or does work on our behalf goes home safely at the end of their workday. Our expectations to maintain a safe, healthy work environment extend well beyond our own operations to all places where we work - customer sites, field services, and at our project installation and construction locations.
Ethics and Compliance
We commit to doing the right thing and in the right way, always with unyielding integrity. Our code of conduct, The Spirit & The Letter, sets the foundation for our compliance program, outlines our expectations for our employees, and connects these expectations to our values and policies.
Inclusion
Our GE Vernova Way is rooted in the belief that creating an inclusive environment where we support each other’s growth, and work together to succeed as a global team makes us more competitive and creates value for our customers, shareholders and employees. By working together, we can foster an inclusive culture where every employee feels accepted and respected.
Human Rights
We recently published our first Human Rights Report, reflecting our overall human rights program and actions we took in 2024. Our Human Rights Principles detail our Company’s unwavering commitment to identifying and addressing human rights risks across our value chain to the best of our ability.
Creating a Culture for People to Thrive
FIND OUT ABOUT THE OTHER PILLARS OF OUR SUSTAINABILITY FRAMEWORK
ELECTRIFY
Catalyze access to more secure, sustainable, reliable, and affordable electricity, and help drive global economic development.
DECARBONIZE
Our commitment to invent, deploy, and service the technology to help decarbonize and electrify the world.
CONSERVE
Innovate more while using less, safeguarding natural resources