General Electric Co
Consumer Goods Conglomerates
Company Summary
General Electric Company (GE), a multinational conglomerate, is actively working towards improving its environmental sustainability with a focus on clean energy solutions, such as wind turbines and renewable energy technologies. GE’s ESG rating reflects its efforts to reduce carbon emissions and enhance energy efficiency in its operations. However, the company’s reliance on fossil fuel-based products in certain sectors, including gas turbines and oil & gas operations, raises concerns regarding its carbon footprint. Additionally, GE faces challenges in governance related to past legal and regulatory issues. Despite these hurdles, GE continues to advance its sustainability initiatives and is focusing on carbon reduction goals and renewable energy development. For more insights, refer to the General Electric ESG report.
ESG Rating Overview
Sustainalytics
Overall ESG Rating :
LSEG
Overall ESG Rating :
MSCI
Overall ESG Rating :
GE is average among 39 companies in the industrial conglomerates industry.
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News from General Electric Co
FAQ
What is General Electric's ESG score?
General Electric (GE) has an ESG score of 69/100 (MSCI), reflecting strong environmental initiatives and governance practices. The company has made significant progress in renewable energy but still faces challenges in social responsibility and labor practices.
How does GE contribute to environmental sustainability?
GE has committed to carbon neutrality by 2050, with a focus on clean energy solutions like wind power, hydropower, and solar energy. The company’s GE Renewable Energy division is a leader in wind turbine manufacturing, and it continues to invest in sustainable technologies such as energy-efficient turbines and smart grid solutions. GE also aims to reduce emissions from its own operations and products.
What social responsibility initiatives does GE have?
GE focuses on global health initiatives, education, and community development. Through the GE Foundation, the company supports STEM education programs, disaster relief efforts, and sustainable development projects in underserved areas. GE is also committed to improving workforce diversity and promoting gender equality.