General Electric : 2020 ESG Framework results

Sustainability Reporting Frameworks

Task Force on Climate-related Financial Disclosures (TCFD)

The following table indicates where we provide climate-related disclosures identified in the TCFD framework. For more detailed discussion, see the referenced documents. This is our first disclosure mapping to the TCFD framework, and we intend to continue mapping our progress as we further develop our sustainability strategy and reporting.

TOPIC	RECOMMENDED DISCLOSURE	RESPONSE OR LOCATION
Governance
Disclose the	a. Describe the board's oversight of climate-related	2020 Sustainability Report: Board Oversight,pages39-44
organization's	risks and opportunities.	2021 Proxy Statement: Key Areas of Board Oversight, pages18-20
governance around
climate-related risks		GE Governance Principles, page 3
and opportunities.
		GE Governance and Public Affairs Committee Charter, page 2
	b. Describe management's role in assessing and	2020 Sustainability Report: Energy transition governance at
	managing climate-related risks and opportunities.	management level,pages43-44
Strategy

Disclose the actual and potential impacts of climate-related risks and opportunities

on the organization's businesses, strategy, and financial planning where such information is material.

a. Describe the climate-related risks and opportunities the organization has identified over the short, medium, and long term.

b. Describe the impact of climate-related risks and opportunities on the organization's businesses, strategy, and financial planning.

c. Describe the resilience of the organization's strategy, taking into consideration different climate- related scenarios, including a 2°C or lower scenario.

2020 Form 10-K:Risk Factors,pages44-51 (including risk factors related to "Industry dynamics and outlooks," "Customers & counterparties," and "Regulatory.")

2020 Sustainability Report: Integrated approach to strategy, risk and sustainability,pages42-44

2020 Sustainability Report: Energy transition governance at management level,pages43-44

Risk Management

Disclose how the organization identifies, assesses, and manages climate-related risks.

a. Describe the organization's processes for identifying and assessing climate-related risks.

b. Describe the organization's processes for managing climate-related risks.

c. Describe how processes for identifying, assessing, and managing climate-related risks are integrated into the organization's overall risk management.

2020 Sustainability Report: Integrated approach to strategy, risk and sustainability, pages39-44

Metrics and Targets

Disclose the metrics and targets used to assess and manage relevant climate- related risks and opportunities where such information is material.

a. Disclose the metrics used by the organization to	2020 Sustainability Report: Framework for climate change related risks and
assess climate-related risks and opportunities in	opportunities, pages43-44
line with its strategy and risk management process.
b. Disclose Scope 1, Scope 2 and, if appropriate,	2020 Sustainability Report: Climate change, page 66 (Scope 1 and 2 emissions). See
Scope 3 greenhouse gas (GHG) emissions, and the	also page 69 regarding our ambition for GE to be a net zero company including the
related risks.	use of our sold products by 2050 (Scope 3 emissions).
c. Describe the targets used by the organization to	2020 Sustainability Report: 2020 Climate change commitments,page 67 (our goal
manage climate-related risks and opportunities and	of carbon neutrality for our own facilities and operations (Scope 1 and 2 emissions)
by 2030). See also page 69 regarding our ambition for GE to be a net zero company
performance against targets.
including the use of our sold products by 2050 (Scope 3 emissions).

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Sustainability Accounting Standards Board (SASB)

The following tables indicate where we provide disclosures identified in SASB standards related to our businesses. As a diversified industrial manufacturer, our businesses span several industries, so we have included metrics from the following SASB industry standards:

1. Resource Transformation - Aerospace & Defense, (2) Resource Transformation - Electrical & Electronic Equipment, (3) Renewable Resources & Alternative Energy - Wind Technology & Project Developers, and (4) Health Care - Medical Equipment & Supplies. This is our first disclosure mapping to SASB standards, and we have focused on a limited number of categories below that best align with available information and data. We intend to continue mapping our progress as we further develop our sustainability strategy and reporting.

TOPIC	ACCOUNTING METRIC	CATEGORY	UNIT OF MEASURE	CODE	RESPONSE OR LOCATION
RESOURCE TRANSFORMATION:
AEROSPACE & DEFENSE
Table 1. Sustainability Disclosure Topics & Accounting Metrics
Energy	(1) Total energy consumed,	Quantitative	Gigajoules (GJ),	RT-AE-130a.1	Million MMBtu , Total MWh and Renewable
Management	(2) percentage grid electricity,		Percentage (%)		MWh (converted to GJ) from 2020 column on
				table of page 11 and page 66 in ESG report.
	(3) percentage renewable
Hazardous	Number and aggregate quantity	Quantitative	Number, Kilograms (kg)	RT-AE-150a.2	2020 Sustainability Report: Spills and
Waste	of reportable spills, quantity				Releases 2020 number page 11 and page 65
Management	recovered
Data Security	Description of approach to	Discussion	n/a	RT-AE-230a.2	2020 Sustainability Report: Privacy and
	identifying and addressing data	and Analysis			Cybersecurity, pages50-52
	security risks in
	(1) company operations and
	(2) products
Fuel Economy	Description of approach and	Discussion	n/a	RT-AE-410a.2	The future of flight will continue to be
& Emissions in	discussion of strategy to address	and Analysis			defined by how the aviation industry
Use-phase	fuel economy and greenhouse				innovates to improve sustainability and
	gas (GHG) emissions of products				efficiency. Advances in engine architectures,
					aerodynamics, and materials developed
					by GE and Safran Aircraft Engines through
					CFM International* have resulted in today's
					aircraft engines consuming 40 percent less
					fuel - and emitting 40 percent less CO₂ -
					than engines manufactured in the 1970s
					and 1980s. We are currently developing the
					next suite of engine technologies - including
					open fan architectures, hybrid-electric and
					electric propulsion concepts, and advanced
					thermal management concepts - that offer
					the potential to achieve at least a 20 percent
					additional improvement in fuel efficiency
					compared to today's state of the art single-
					aisle aircraft engines. GE Aviation is also
					supporting industry initiatives to approve and
					adopt 100 percent Sustainable Aviation Fuel
					(SAF) and investigating hydrogen as the zero-
					carbon fuel of the future.
					2020 Sustainability Report: Developing
					the Future of Flight: New Technology for
					Sustainability and Efficiency, pages31-36
					*CFM International is a 50-50 joint company
					between GE and Safran Aircraft Engines.
Materials	Description of the management	Discussion	n/a	RT-AE-440a.1	2020 Sustainability Report: Ethical Supply
Sourcing	of risks associated with the use	and Analysis			Chain and Responsible Mineral Sourcing,
	of critical materials				page 79.
Business Ethics	Discussion of processes to	Discussion	n/a	RT-AE-510a.3	2020 Sustainability Report: Always
	manage business ethics risks	and Analysis			with Unyielding Integrity: GE's Ethics &
	throughout the value chain				Compliance Program, pages48-49;Human
					Rights, pages77-78; Ethical Supply Chain and
					Responsible Mineral Sourcing, page 79

2   GE SUSTAINABILIT Y REPORT

UNIT OF

ACTIVITY METRIC

CATEGORY

MEASURE

CODE

2020 RESPONSE

Table 2. Activity Metrics

Production by reportable segment

Quantitative

Number

RT-AE-000.A

GE discloses revenues by segment.

2020 Form 10-K: MD&A - Segment Operations,pages9-19

Number of employees

Quantitative

Number

RT-AE-000.B

GE discloses General Electric Company and consolidated affiliates

employed by segment.

2020 Form 10-K: About General Electric, pages4-5

UNIT OF

TOPIC

ACCOUNTING METRIC

CATEGORY

MEASURE

CODE

RESPONSE OR LOCATION

RESOURCE TRANSFORMATION:

ELECTRICAL & ELECTRONIC EQUIPMENT

Table 1. Sustainability Disclosure Topics & Accounting Metrics

Energy

(1) Total energy consumed, (2) percentage grid

Quantitative

Gigajoules (GJ),

RT-EE-130a.1

2020 Sustainability Report: Our

Management

electricity, (3) percentage renewable

Percentage (%)

Performance and Priorities, page 11

Environment - Climate Change, page 66

Hazardous

Number and aggregate quantity of reportable

Quantitative

Number,

RT-EE-150a.2

2020 Sustainability Report: Our

Waste

spills, quantity recovered

Kilograms (kg)

Performance and Priorities, page 11

Management

Environment - Our Environmental

Program, page 66

Materials

Description of the management of risks

Discussion

n/a

RT-EE-440a.1

2020 Sustainability Report: Ethical

Sourcing

associated with the use of critical materials

and Analysis

Supply Chain and Responsible Mineral

Sourcing - Responsible Mineral

Sourcing, page 79

Business Ethics

Description of policies and practices for

Discussion

n/a

RT-EE-510a.1

2020 Sustainability Report: Culture:

prevention of: (1) corruption and bribery and

and Analysis

Leading with Integrity and The Spirit &

(2) anti-competitive behavior

The Letter, pages47-48; Always with

Unyielding Integrity: GE's Ethics &

Compliance Program, pages48-49

ACTIVITY METRIC

CATEGORY

UNIT OF MEASURE

CODE

RESPONSE OR LOCATION

Table 2. Activity Metrics

Number of units produced by product

Quantitative

Number

RT-EE-000.A

GE discloses revenues by segment.

category

2020 Form 10-K: MD&A - Segment Operations,pages9-19

Number of employees

Quantitative

Number

RT-EE-000.B

GE discloses General Electric Company and consolidated affiliates

employed by segment.

2020 Form 10-K: About General Electric, pages4-5

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TOPIC

ACCOUNTING METRIC

CATEGORY

UNIT OF MEASURE

CODE

RESPONSE OR LOCATION

RENEWABLE RESOURCES & ALTERNATIVE ENERGY:

WIND TECHNOLOGY & PROJECT DEVELOPERS

Table 1. Sustainability Disclosure Topics & Accounting Metrics

Workforce

(1) Total recordable incident

Quantitative

Rate

RR-WT-320a.1

GE does not report fatalities by business

Health & Safety

rate (TRIR) and (2) fatality rate

segment. 2020 Sustainability Report: Safety,

for (a) direct employees and (b)

page 61

contract employees

Materials

Description of the management

Discussion

n/a

RR-WT-440a.1

2020 Sustainability Report: Ethical Supply

Sourcing

of risks associated with the use

and Analysis

Chain and Responsible Mineral Sourcing,

of critical materials

page 79

Materials

Description of approach to

Discussion

n/a

RR-WT-440b.3

Lean is a set of principles that emphasizes

Efficiency

optimize materials efficiency of

and Analysis

customer focus, elimination of waste, high-

wind turbine design

quality growth, and ruthless prioritization of

work to improve safety, quality, delivery, and

cost. In connection with GE's sustainability

strategy, lean is more than a contributor -

lean is fundamental to how we execute our

strategy. Lean principles help us examine

processes and continually improve them by

solving problems at their root cause. Lean

principles allow us to identify where we

can ensure worker safety, limit emissions,

eliminate hazardous wastes, reduce our

footprint, and deliver essential, life-saving

products quickly and efficiently. 2020

Sustainability Report: Lean Principles Applied

to Sustainability: Our Strategy for Continuous

Improvement and Eliminating Waste, page 45

Backed by funding from the U.S. Department

of Energy (DOE), GE researchers are

incorporating superconducting magnets into

offshore wind turbine generators that convert

strong sea winds into electric power, lowering

costs, simplifying the turbine-manufacturing

supply chain and supporting DOE's goal

of nearly tripling wind power's role in U.S.

energy production - to 20 percent - over

the next decade. The use of superconducting

magnets also would eliminate the need for

rare earth materials, essential ingredients

in the permanent magnets currently being

used in offshore wind turbines. 2020

Sustainability Report: Leading the Energy

Transition: Sustainability, Reliability and

Affordability, page 26

UNIT OF

ACTIVITY METRIC

CATEGORY

MEASURE

CODE

2020 RESPONSE

Table 2. Activity Metrics

Number of delivered wind turbines,

Quantitative

Number

RR-WT-000.A

GE discloses Onshore and Offshore wind turbine sales units and

by wind turbine class

Repower sales units

2020 Form 10-K: Onshore and Offshore (in units), page 13

2020 Sustainability Report: Our Innovation: GE is Building Technology

for a Sustainable Future - Energy Transition, page 16

4   GE SUSTAINABILIT Y REPORT

TOPIC

ACCOUNTING METRIC

CATEGORY

UNIT OF MEASURE

CODE

RESPONSE OR LOCATION

HEALTHCARE:

MEDICAL EQUIPMENT & SUPPLIES

Table 1. Sustainability Disclosure Topics & Accounting Metrics

Product Design

Total amount of products

Quantitative

Metric tons (t)

HC-MS-410a.2

We do not publicly disclose the amount

& Lifecycle

accepted for takeback and

of products accepted for takeback. Learn

Management

reused, recycled, or donated,

more about our Goldseal program - 2020

broken down by: (1) devices and

Sustainability Report: Environment - Product

equipment and (2) supplies

Stewardship - GE Healthcare Product

Stewardship Commitment, page 72

Supply Chain

Description of the management

Discussion

n/a

HC-MS-430a.3

2020 Sustainability Report: Ethical Supply

Management

of risks associated with the use

and Analysis

Chain and Responsible Mineral Sourcing,

of critical materials

page 79

ACTIVITY METRIC

CATEGORY

UNIT OF MEASURE

CODE

2020 RESPONSE

Table 2. Activity Metrics

Number of units sold by product category

Quantitative

Number

HC-MS-000.A

GE discloses revenues by segment.

2020 Form 10-K: MD&A - Segment

Operations, pages9-19

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