Highlights from the Company’s inaugural Sustainability Report include:
Environmental Impact
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Reduced operational GHG emissions by 27% since 2019, in line with the Company’s goals to reduce Scope 1 and 2 emissions by 50% by the year 2030 and achieve net zero by 2050
Registered with the Science Based Targets Initiative (SBTi), with the commitment to provide targets for validation by year-end 2023
Joined the Department of Health and Human Services / White House pledge to decarbonize the health sector and make healthcare facilities more resilient to the effects of climate change
Social Impact
Established a set of Cultural Operating Principles, which are designed to serve, guide, and inspire GE HealthCare’s people as they deliver on the Company’s commitment to patients and customers
Announced the planned establishment of a GE HealthCare Foundation in 2024 to support the Company’s corporate philanthropy and volunteerism strategies
Appointed a new Chief Diversity, Equity, and Inclusion Officer to establish and drive GE HealthCare’s diversity, equity, and inclusion strategy
Governance and Accountability
Launched as a stand-alone public company with strong corporate governance provisions including an independent Lead Director with clearly delineated duties and no supermajority provisions, poison pill, or dual-class share structure
Relaunched GE HealthCare’s Code of Conduct “The Spirit & The Letter” in 10 languages, with 99.7% of employees engaging (certified as having read and understood the Code)
Joined the UN Global Compact to align with the UN Sustainable Development Goals (UN SDGs) and support efforts to fulfill them
“GE HealthCare recognizes the global significance of fulfilling our purpose and delivering on our objectives and is pleased to have reduced our operational GHG emissions by 27% versus our 2019 baseline,” shared Kelvin Sanborn, ESG Program Leader, GE HealthCare. “With our broader ESG strategy and priorities in mind, we are carrying out a climate risk assessment that will inform our climate transition plan, as well as developing a net zero roadmap for Scope 1, 2, and 3 GHG emissions, with targets expected to be submitted for validation to the Science Based Targets initiative by year-end.”
GE HealthCare intends to issue an updated Task Force on Climate-Related Financial Disclosures (TCFD) report following the completion of the climate risk assessment. The Company also plans to refresh its materiality assessment in 2024. Additionally, GE HealthCare plans to expand the Reporting Standards used for disclosing its ESG information and is currently looking into how its goals align with the UN SDGs.
