GE HealthCare Shares Key Focus Areas and Future Goals in its Inaugural Sustainability Report
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First Sustainability Report since becoming an independent company in
January 2023 underscores the Company’s commitment to corporate responsibility and embodies its purpose to create a world where healthcare has no limits - Highlights include the reduction of operational Scope 1 and 2 greenhouse gas (GHG) emissions by 27% since 2019
- Continued progress will be driven by a strong leadership focus on ESG and sustainability efforts with Board oversight and a cross-functional Enterprise Stewardship Program
“With a solid foundation from our legacy as part of
Through an ESG materiality assessment conducted prior to the company’s spin-off,
- Expanding greater access to healthcare for underserved populations globally
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Promoting inclusion and diversity across the enterprise by fostering an inclusive culture in which
GE HealthCare colleagues feel empowered to do their best work - Mitigating its climate impact and improving resilience by working to reduce greenhouse gas (GHG) emissions
- Advancing the circular economy and environmental design by promoting and enabling the reuse of equipment and parts from deinstalled equipment, and by incorporating environmental considerations at the product design phase
- Protecting patient data and cybersecurity by adopting standardized approaches to data privacy and security worldwide based, in large part, on the General Data Protection Regulation (“EU GDPR”) and similar privacy laws
Highlights from the Company’s inaugural Sustainability Report include:
Environmental Impact
- 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
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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
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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)
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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
Learn more about GE HealthCare’s 2022 Sustainability Report.
Forward-looking Statements
This release contains forward-looking statements. These forward-looking statements might be identified by words, and variations of words, such as “will,” “expect,” “may,” “would,” “could,” “plan,” “believe,” “anticipate,” “intend,” “estimate,” “potential,” “target,” “goal,” and similar expressions. These forward-looking statements may include, but are not limited to, statements about the Company’s business and ESG plans, performance, and goals, including environmental targets and plans related to the Company’s social impact and cybersecurity and data privacy. These forward-looking statements may be based on standards for measuring progress that are still developing, internal controls and processes that continue to evolve, and assumptions that are subject to change in the future. These statements are not guarantees of future performance, nor promises that goals or targets will be met, and are subject to numerous and evolving risks and uncertainties that the Company may not be able to predict or assess. Please see the “Risk Factors” section of the Company’s Annual Report on Form 10-K filed with the
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Global Head of Public Affairs
215-534-7618
Kenneth.Dominski@ge.com
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