EXECUTIVE INSIGHT
Q . CAN YOU ELABORATE ON ANY NEW SUSTAINABILITY METRICS OR FRAMEWORKS THAT YOUR REPORT INTRODUCES FOR MEASURING PROGRESS IN CORPORATE DECARBONISATION EFFORTS ?
» Our novel metrics for electrification and decarbonisation underpin our purpose . We have other metrics under our conserve pillar , for example , which support goals for our operational emissions as well as product circularity .
We report on our Scope 1 and 2 emissions , reporting a 39 % reduction versus our 2019 baseline . We share a lot of detail in terms of how we are looking to get to net zero by 2030 on our operational emissions .
For the first time , we shared our product circularity framework and how we ’ re going to incorporate environmental considerations into our full life cycles of our products . There , we have a metric that ’ s going to focus on a goal of 90 % of our top products getting into the framework .
A lot of people talk about circularity , but we ’ re trying to quantify that by connecting a metric to our circularity framework and the 90 % goal .
I ’ m very proud that we have a very thick appendix because what it shows is full transparency in our formulas and assumptions . We know some of these metrics are provocative , some of them invite a discussion in a debate , and we don ’ t hold out that we have all the best answers . But at the same time , if we don ’ t invite the debate ,
“ We ’ re in an unprecedented era of taking action and electrification is yielding very significant benefits for climate change ”
ROGER MARTELLA , CCO & CSO , GE VERNOVA
if we ’ re not being provocative , who else is going to do it ? We ’ re opening the door to starting a conversation with our stakeholders and we want to lift the curtain and show all of our assumptions , show all of our formulas , all of the math . We want people to dig into our assumptions , our formulas , and come back and tell us if they disagree . We ’ d love to have that discussion and take that input into account . We ’ re willing to be a little provocative here and start that conversation .
This is just our first sustainability report , so we ’ re looking forward to the discussions and I imagine next year we ’ ll be making some modifications from what we hear from our stakeholders .
Click HERE to look at Roger ’ s previous executive insight from 2024
76 February 2025