GE Vernova Inc Sustainability Profile
GE Vernova Inc., headquartered in the United States, is a prominent player in the energy sector, focusing on sustainable solutions and innovative technologies. Founded as part of General Electric's commitment to advancing clean energy, GE Vernova has rapidly established itself in key operational regions across North America and Europe. Specialising in renewable energy, digital solutions, and grid management, the company offers a unique portfolio of products and services designed to enhance efficiency and reduce carbon footprints. Notable achievements include significant advancements in wind and solar technologies, positioning GE Vernova as a leader in the transition to a more sustainable energy landscape. With a strong emphasis on innovation and sustainability, GE Vernova Inc. is dedicated to shaping the future of energy.
DitchCarbon Score
How does GE Vernova Inc's carbon action stack up? DitchCarbon scores companies based on their carbon action and commitment to reducing emissions. Read about our methodology to learn more.
Industry Average
Mean score of companies in the Machinery and Equipment industry. Comparing a company's score to the industry average can give you a sense of how well the company is doing compared to its peers.
Industry Benchmark
GE Vernova Inc's score of 78 is higher than 88% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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GE Vernova Inc's reported carbon emissions
In 2024, GE Vernova Inc., headquartered in the US, reported total carbon emissions of approximately 226,811,000 kg CO2e for Scope 1 and about 201,402,000 kg CO2e for Scope 2 (market-based). The company also disclosed significant Scope 3 emissions, with the use of sold products contributing approximately 796,000,000,000 kg CO2e. In 2023, the emissions were slightly higher, with Scope 1 at about 246,812,000 kg CO2e and Scope 2 (market-based) at approximately 297,705,000 kg CO2e, alongside Scope 3 emissions of around 1,118,000,000,000 kg CO2e. GE Vernova has made substantial commitments to reduce its carbon footprint, achieving a 39% reduction in Scope 1 and 2 emissions (market-based) from 2019 to 2023. This commitment has been further strengthened with a target of a 51% reduction in these emissions by 2024. The company aims to be carbon neutral in its operations (Scopes 1 and 2) by 2030, as part of its broader Net Zero ambition. The emissions data and reduction targets are cascaded from its parent company, General Electric Company, which also supports various sustainability initiatives. GE Vernova's long-term goal includes innovating towards a net zero ambition for Scope 3 emissions by 2050, particularly focusing on the use of sold products.
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| 2019 | 2023 | 2024 | |
|---|---|---|---|
| Scope 1 | 367,595,000 | 000,000,000 | 000,000,000 |
| Scope 2 | 512,753,000 | 000,000,000 | 000,000,000 |
| Scope 3 | 2,063,000,000,000 | 0,000,000,000,000 | 000,000,000,000 |
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GE Vernova Inc's Scope 3 Categories Breakdown
GE Vernova Inc's Scope 3 emissions, which decreased by 29% last year and decreased by approximately 61% since 2019, demonstrating supply chain emissions tracking. Nearly all of their carbon footprint comes from suppliers and value chain emissions, representing nearly all emissions under the GHG Protocol, with "Use of Sold Products" representing nearly all of their reported Scope 3 footprint.
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GE Vernova Inc's Climate Goals (2030 & 2050)
Climate goals typically focus on 2030 interim targets and 2050 net-zero commitments, aligned with global frameworks like the Paris Agreement and Science Based Targets initiative (SBTi) to ensure alignment with global climate goals.
GE Vernova Inc has established climate goals through participation in recognized frameworks and target-setting initiatives. Companies often set interim 2030 targets and long-term 2050 net-zero goals to demonstrate measurable progress toward decarbonization.
