GE Traces the Key to Sustainable Growth with 2010 Citizenship Report
Creating Sustainable Value to Address Global Challenges
(3BL Media / theCSRfeed) August 3, 2011 - GE released its seventh annual Citizenship Report, entitled Sustainable Growth. The report covers GE’s worldwide operations for the 2010 fiscal year and is structured around discussions of GE’s long-term value creation in addressing the world’s most pressing problems.
“Sustainable growth requires solutions that go beyond the scale of individual companies,” Jeff Immelt, chairman and CEO of GE, said. “As economies renew, governments, businesses, and society must all play a role in solving economic and societal problems. GE’s commitment to high standards of integrity and social and environmental performance, as well as our ability to innovate, position us as a natural partner in long-term sustainable growth.”
The 2010 report, related performance data and other content are available on the company’s new citizenship website: www.gecitizenship.com. The site houses 300 pages of website content across all performance areas: Compliance & Governance, Environment, Health & Safety, Our Supplies, Our Customers, Our Products & Services, Our People, Human Rights, Our Communities and Public Policy.
The site includes new interactive features and focuses on making corporate citizenship more accessible to a general audience.
Sam Nunn, chairman of the GE Board of Directors Public Responsibilities Committee, said, “As an important part of our accountability process, this report is about specific issues of interest to stakeholders. It is also about how GE’s products, services, and investments address global imperatives in a way that sustains growth and long-term value. I hope that those who read this report will recognize GE’s commitment and effort, test our thinking, and work with us as we help create a healthy and prosperous society, and improve an innovative, creative and profitable GE.”
Highlights in this year’s report include:
An analysis tracing the source of GE’s long-term value creation through the lens of good citizenship, by identifying global challenges, GE’s expertise, contribution and impact, and value creation.
Expert perspectives from more than 20 global thought leaders on key issues, providing an external point-of-view on topics such as climate change, human rights, labor and supply chain.
A ten-year retrospective, drawing on perspectives from the expert panel, to reflect upon the evolution of citizenship as well as expectations and opportunities for the future.
List of key dilemmas and GE’s values to address the challenges. The GE Priority Matrix is introduced to highlight the areas where GE has an impact and ability to make a difference, either responded by its products and services or addressed by its business operations.
Perspectives of GE CEO Immelt, Board Member Nunn, Senior Vice President and General Counsel Brackett Denniston and Vice President of Corporate Citizenship Bob Corcoran.
A new redesigned and re-launched website www.gecitizenship.com, with more interactive, user-friendly navigation and narratives.
The report will be translated into four different languages. To order a copy of the 2010 GE Citizenship Report, visit http://www.gecitizenship.com/reporting/order-a-report/. To sign up for more information about GE’s corporate citizenship initiatives and practices, please visit http://www.genewscenter.com/webuser/register.asp.
GE (NYSE: GE) is an advanced technology, services and finance company taking on the world’s toughest challenges. Dedicated to innovation in energy, health, transportation and infrastructure, GE operates in more than 100 countries and employs about 300,000 people worldwide. For more information, visit the company's Web site at www.ge.com.
Citizenship at GE is more than a program or a set of good intentions - it is a full-time commitment built upon cultural behaviors and actions. These actions are integrated with business strategy and have defined goals, strategies and metrics that make it actionable and accountable.