exo-is/governance-reporting-on-listed-companies huggingface dataset:
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CUSTOMER SATISFACTION
Customers are a key stakeholder 
for GE Vernova. As part of our Lean 
operating system, which focuses 
on safety, quality, delivery, and cost 
(SQDC), we seek feedback from 
customers and use the information 
to further enhance our processes, 
products, and systems. Within 
our segments or business units, 
designated customer quality and 
satisfaction leaders are responsible 
for implementing a customer 
satisfaction (CX) program and 
addressing customer feedback. 
OUR APPROACH
Historically, GE Vernova businesses conducted 
and executed customer satisfaction programs 
individually. With the appointment of the Chief 
Commercial Officer, we are in the process o
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SUPPORTING 
COMMUNITIES IN THE 
ENERGY TRANSITION 
THROUGH OUR 
PROJECTS AND 
INVESTMENTS
Additional priority area
GE Vernova is committed to 
considering environmental 
justice across the four 
pillars of our Sustainability 
Framework, using our 
unparalleled capabilities to 
electrify and decarbonize 
the world, while improving 
and building meaningful 
partnerships with our 
communities, particularly 
those that have faced 
historical disadvantages 
and underinvestment. 
We approach this commitment in a 
variety of ways, from incorporating 
globally recognized environmental 
and social performance 
management standards for our 
clean energy projects to building 
robust educatio
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As a leader in the global effort to achieve 
more reliable, affordable, and sustainable 
energy, GE Vernova holds itself to high 
environmental standards – including for the 
clean energy projects that we finance. Where 
GE Vernova is leading the development 
of a project, we seek to engage nearby 
communities at the earliest stages. Further, 
for many of our projects outside of the U.S., 
we implement the International Finance 
Corporation’s (IFC) Performance Standards 
on Environmental and Social Sustainability 
and the World Bank’s Environmental, Health 
and Safety Guidelines with project partners, 
which require consideration and management 
of impacts on affected communities,
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With a legacy of bringing technology 
innovation to the global energy 
sector for more than 130 years, 
we are uniquely positioned to help 
lead the Energy Transition.
GE Vernova’s advocacy efforts on climate 
change and the Energy Transition start with 
our strong support for advancing energy security, 
enabling electrification globally, and for the Paris 
Agreement commitments and other ambitious 
targets to reduce greenhouse gas emissions, 
including GE Vernova’s own decarbonization and 
climate goals. Below we describe our approach to 
advocacy, our methodology for determining policy 
feedback and support, and our direct and indirect 
policy engagement, including our lobbying
Keyword: governance
Governance Committee on policy priorities, 
PAC expenditures, and intended actions. 
POLICY, ADVOCACY, AND ENGAGEMENT
Roger Martella, GE Vernova 
Chief Sustainability Officer, 
during one of his participations 
at COP28 discussing how to 
best nurture a sustainability-
led startup ecosystem, during 
a panel discussion hosted by 
UAE’s Ministry of Economy.
ENERGY AND CLIMATE ACTION POLICY ENGAGEMENT 
AND THOUGHT LEADERSHIP
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These briefings may occur multiple times a 
year to provide significant transparency into the 
government affairs function. The Nominating and 
Governance Co
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As an electric power company, it is imperative 
that we engage with associations and coalitions 
to address pressing international, federal, and 
state issues that collectively can advance our 
priorities and climate goals. Trade associations 
provide a forum to work with other companies 
and serve as a force multiplier to address policy 
considerations affecting the deployment of various 
energy technologies, including funding initiatives 
to decarbonize our global electric and gas 
infrastructure in an affordable and reliable manner. 
With our indirect lobbying efforts, we believe our 
work with trade associations is in furtherance of, 
and consistent with, GE Vernova’s climate
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PARIS AGREEMENT ALIGNED LOBBYING REPORT
We frequently collaborate with a number 
of trade associations and non-profit 
organizations that focus on energy, 
environment, and climate issues, 
and have the ability to influence the 
debate and outcomes on GE Vernova’s 
policy priorities. As with climate policy 
generally, we recognize there is room 
for a reasonable divergence of views 
on specific elements and approaches 
of various proposals. Where those 
diverge from GE Vernova’s own positions, 
we seek to engage in constructive 
engagement to find the appropriate 
balance between differing viewpoints, 
disclosure, transparency, regulatory 
burdens, and material information.
Below,
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EUTURBINES
EUTurbines is a gas and steam turbine 
industry association aimed at convening 
all European manufacturers of the 
sector, covering all relevant applications. 
The organization promotes the role 
of turbine-based power generation in 
a sustainable, decarbonized European 
and global energy mix.
CLIMATE CHANGE POSITION
EUTurbines supports a sustainable transition of the 
energy system aimed at decarbonizing the energy 
sector and has expressed its support of the European 
Green Deal. EUTurbines advocates for solutions such 
as renewable-based turbines to help achieve a well-
functioning energy system in a future climate neutral 
economy, and believes all economic sectors
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THE U.S. CHAMBER OF COMMERCE (“THE CHAMBER”)
The U.S. Chamber of Commerce (“the Chamber”) is the world’s largest business  
organization representing all sizes of businesses to advocate, partner, and network  
on a range of topics. The Chamber advocates for policies that help businesses  
create jobs and grow the United States economy. 
CLIMATE CHANGE POSITION
The Chamber engages on climate change 
policy approaches that acknowledge the 
cost of inaction and the competitiveness of 
the U.S. economy, and advocates for durable 
solutions that leverage innovation. The 
Chamber supported the Biden administration’s 
decision to rejoin the Paris Agreement. The 
Chamber’s climate policy
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Youth United for Sustainability
In May 2023, GE signed an agreement with the 
UAE Independent Climate Change Accelerators, 
which now includes GE Vernova, focused on 
youth and diversity, innovation and technology, 
and policy collaboration, to increase momentum 
and active climate engagement in the lead-up 
to COP28. 
As the first activation of the partnership, in 
collaboration with UAE Independent Climate 
Change Accelerators (UICCA) and Injaz UAE, 
we hosted the Youth United for Sustainability 
event. This brought together over 100 university 
students from across the UAE to solve an Energy 
Transition challenge while focusing on the key 
pillars of the Energy Trilemma – susta
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Announcement of joining 
First Movers Coalition
To further our commitment to decarbonizing 
GE Vernova technologies, we announced that 
we are joining the First Movers Coalition during 
COP28, alongside U.S. Deputy Secretary of 
Energy David Turk and others. As part of this 
initiative, we made a voluntary commitment that 
10% of all steel we purchase will be near-zero 
emissions by 2030, measured by volume per year. 
Championing renewable 
energy and diversity
GE Vernova’s CEO, Scott Strazik, alongside Her 
Highness Sheikha Shamma bint Sultan bin Khalifa 
bin Zayed Al Nahyan, President and CEO of the 
UAE Independent Climate Change Accelerators 
(UICCA), inaugurated the Wonders o
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OTHER 2023 ADVOCACY 
HIGHLIGHTS
 
GE Vernova is uniquely positioned to 
drive the Energy Transition through both 
technological and sustainability innovation 
and public affairs and advocacy. Our Chief 
Sustainability Officer, Roger Martella, is also 
GE Vernova’s Head of Government Affairs. In 
this role, Roger engages some of the world’s 
top public and private sector leaders to help 
solve of the Energy Trilemma of reliability, 
affordability, and sustainability. 
Throughout 2023, the GE Vernova team 
participated in numerous sustainability 
events and advocacy efforts. Here we share 
highlights from some of the most pivotal 
and influential events. 
Atlantic Council Global  
E
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Sustainability Performance | page 116 
 
Appendix I Greenhouse Gas and Energy Inventory Process | page 118 
 
Appendix II	 Scope 3 Use of Sold Products Methodology | page 121 
Appendix III	 Methodology for Decarbonize Goal 1 Metrics | page 124 
Appendix IV Water Inventory | page 125 
Task Force on Climate-Related Financial Disclosures (TCFD) | page 126 
 
Sustainability Accounting Standards Board (SASB) | page 131 
 
APPENDICES
 
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SUSTAINABILITY PERFORMANCE
Leading goal
1	 2023 financials are presented on a
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Leading goal
2023
Pay Equity
Global Gender Pay Equity
99.0%
U.S. Underrepresented Minority Pay Equity
100.6%
Attrition
Voluntary Attrition24
6.0%
Employee Engagement25
Employee Participation in Engagement Survey
65%
Engagement Score
73/100
Human Rights: Supplier Responsibility Governance (SRG) Program
 Total Global Audits
604
 Total Suppliers Approved
581
New Suppliers
436
Existing Suppliers
115
Supplier from Acquisition26
30
 Total Suppliers Rejected
23
New Suppliers
10
Existing Suppliers
13
Supplier from Acquisition26
0
 Total Findings27
3,651
2023
Percentage of SRG Audit Findings per Category:
Health & Safety
15%
Environment
25%
Emergency Preparedness
18%
 Human Rights & Labor
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METHODOLOGY 
GE Vernova calculates its Greenhouse Gas (GHG) emissions under the GHG Protocol corporate Accounting and Reporting 
Standard (the “Protocol”) as developed by the World Resource Institute (WRI) and World Business Council for Sustainable 
Development (WBCSD). The GHG Protocol provides the most widely accepted, globally standardized set of GHG accounting 
principles. Applying the principles of the GHG Protocol helps ensure that reported information has been gathered following 
international best practice and represents an accurate and fair account of GE Vernova’s GHG emissions. GE Vernova applies the 
operational control approach, as defined by the GHG Protocol, to accou
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Market-Based Emissions Calculation 
The Market-based approach reflects our procurement of market instruments that meet the quality criteria set by the Protocol. 
We calculate our Market-based inventory according to the following: 
	բ Renewable Energy Contracts: We apply a zero-emission factor to electricity procured under renewable energy contracts 
that are backed by market instruments (bundled RECs or GOs) in compliance with the GHG Protocol. 
	բ REC Purchases: Unbundled Renewable Energy Certificates are used to neutralize the emissions generated from our standard 
grid electricity consumption. After accounting for renewable energy contracts and REC purchases, the remaining elec
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ESTIMATED SITES 
GE Vernova does not collect detailed emissions data from worldwide “estimated sites” due to the difficulty and expense that 
would be associated with such an effort in comparison to the relative significance of the emissions in GE Vernova’s overall 
emissions inventory. The sites that fall into this category are primarily small facilities but include all locations that do not meet 
the criteria defined above for “reporting sites”.
Emissions for these estimated sites are calculated based on the Commercial Buildings Energy Consumption Survey (CBECS), 
published by the U.S. Energy Information Administration. Using this tool, GE Vernova determines the expected electri
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GE Vernova’s Greenhouse Gas (GHG) emissions inventory is based on the GHG Protocol Corporate Accounting and Reporting 
Standard. As discussed in more detail below, the Scope 3 use of sold product emission calculations are based on a number of 
complex inputs and assumptions, including significant assumptions that are uncertain because of their forward-looking nature, 
such as how customers choose to use our products in the future. We expect to continue refining our methodology for calculating 
and our reporting of these emissions as practices in our industries continues to mature based on changes in trends, assumptions 
or other factors that may develop over time.
ABOUT GE VERNOVA
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բ Combined cycle plant configurations have significantly higher efficiencies than simple cycle peaking turbines and thereby 
tend to dispatch or run more frequently based on improved economics for plant owners/operators. Over time, however, 
renewables will increasingly displace a portion of the generation from combined cycle plants mainly, while peakers will still be 
needed for shorter durations when renewable sources (wind, sun, or water) are not available. As such, combined cycle plants 
in this methodology have higher average capacity factors now but are assumed to see lower capacity factors over time. 
Peakers have lower capacity factors now but are expected to see less de
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STEAM TURBINES 
The rate of CO₂ emissions produced per unit of electricity generated for coal-fired steam plants (coal-fired steam plants are 
included here, nuclear plants which have no direct carbon emissions are excluded, and emissions associated with combined cycle 
steam turbines were included above in the gas turbine emissions) in this methodology is based on the median life cycle emissions 
factor for coal plants as provided by the Intergovernmental Panel on Climate Change (IPCC), which is the United Nations body 
for assessing the science related to climate change, in their 2018 IPCC Report. The median rate was 820 g CO₂/kWh (Source: 
Intergovernmental Panel on Climate Cha
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APPENDIX III 
METHODOLOGY FOR DECARBONIZE GOAL 1 METRICS
In addition to maintaining the reporting of Scope 3 use of sold product emissions as part of our 2050 net zero ambition, GE Vernova 
is sharing three additional metrics – carbon intensity, avoided carbon, and carbon capability – as a way to represent near-term impact 
and progress on decarbonization. We are sharing these metrics as a way to represent how near-term actions to electrify the grid 
can improve the longer-term trajectory for emissions reductions. In the spirit of full transparency, we share our methodologies and 
assumptions here in this Appendix III. We recognize these data points are novel and open to discussio
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METHODOLOGY 
GE Vernova’s water-use inventory process follows the reporting principles articulated by the World Resources Institute/World 
Business Council for Sustainable Development (WRI/WBCSD) in GHG Protocol Corporate Accounting and Reporting Standard. 
For the operational inventory, GE Vernova follows the “control” approach and includes freshwater use from “criteria sites” over 
which the company has operational control.
INVENTORY SCOPE 
GE Vernova collects water-usage data from its top water-consuming sites, called “criteria sites.” Criteria sites are those that have 
used 15 million gallons or more of water per year, at any point in time. This approach captures approximatel
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THE TCFD RECOMMENDATIONS
The Task Force on Climate-related Financial Disclosures (TCFD) was founded in 2015 by the Financial Stability Board based on 
support from the G20 Finance Ministers and Central Bank Governors. The mission of the TCFD was to develop recommendations 
on climate-related financial disclosures that companies should publish to support investors and other stakeholders in appropriately 
assessing and pricing risks related to climate change. The TCFD recommendations are structured around four key themes: 
governance, strategy, risk management, and metrics and targets. The four key thematic areas include specific recommended 
disclosure topics. Under the TCFD framew
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A Decarbonization scenario, which assumes collective government policy and corporate action against climate change, 
limiting the warming to 1.5 – 2°C by the year 2100. This was developed in line with:
	
բ Transition risk modeling: IEA’s Net Zero 2050 (NZE) and NGFS’s Net Zero by 2050, Low Demand, Below 2°C and/or  
Delayed Transition
	
բ Physical risk modeling: IPCC SSP1-2.6
The effect of each risk and opportunity was assessed using three criteria: impact, likelihood, and countermeasure effectiveness. 
This was qualitative in nature and informed by internal stakeholders across various functions.
5. Stakeholder engagement to collect additional inputs and inform the assessment
Stak
Keyword: governance
1. GOVERNANCE
A) Describe the board’s 
oversight of climate-
related risks and 
opportunities.
Following our spin-off from GE on April 2, 2024, GE Vernova is now an independent, publicly traded company with 
approximately 75,000 global team members.
The GE Vernova Board of Directors (GE Vernova Board) was formed following our spin-off, after which it became 
responsible for overseeing our company. The GE Vernova Board provides independent risk oversight with a focus 
on those risks most significant to the company, including risks related to strategic, operational, financial, legal and 
compliance, as well as sustainability, climate change, and reputational matters. The GE Vernova Board also has 
delegated specific risk responsibility to its four committ
Keyword: governance
the Governance section for more information on the individual Board committees.
Strong sustainability governance ensures effective oversight and alignment across our organization’s key functions. 
We manage sustainability at the management level through the Sustainability Council and the Sustainability Team 
under our Chief Sustainability Officer. See GE Vernova’s Governance Principles, Safety and Sustainability Committee 
Charter, and the Form 10 for more information.
B) Describe management’s 
role in assessing and 
managing climate-related 
risks and opportunities.
We embed sustainability in our business using a “council” model. The Sustainability Council, which includes 
representatives from all business segments and corporate functions, works to ensu
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DISCLOSURE ALIGNED TO THE TCFD RECOMMENDATIONS
2. STRATEGY
A) Describe the 
climate-related risks 
and opportunities the 
organization has identified 
over the short, medium, 
and long term.
The transition and physical climate risks and climate opportunities identified during our qualitative climate scenario 
analysis are summarized in the table to the right. In each case, we have indicated if the climate risk or opportunity 
was identified as short-, medium-, or long-term.
B) Describe the impact 
of climate-related risks 
and opportunities on 
the organization’s 
businesses, strategy, and 
financial planning.
GE Vernova innovates and invests across our broad portfolio of technolo
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3. RISK MANAGEMENT
A) Describe the 
organization’s processes 
for identifying and 
assessing climate-related 
risks.
Our ERM process requires each of our businesses to identify, assess and prioritize, and mitigate risks, including 
strategic, operational, financial, legal and compliance, and reputational risks. Climate-related risks are considered 
within each of these risk types.
GE Vernova’s Corporate Sustainability Team, as well as company stakeholders within our Sustainability Council, 
also identify and assess climate-related risks relevant to our businesses. See the ERM section for more information.
B) Describe the 
organization’s processes 
for managing climate-
related ris
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4. METRICS AND TARGETS
A) Disclose the metrics 
used by the organization 
to assess climate-related 
risks and opportunities in 
line with its strategy and 
risk management process. 
Scope 1 emissions (metric tons CO₂e): 239,558
Scope 2 (market-based) emissions (metric tons CO₂e): 302,002
Scope 2 (location-based) emissions (metric tons CO₂e): 378,854
Scope 1 & 2 (market-based) emissions (metric tons CO₂e): 541,560
Scope 1 & 2 (location-based) emissions (metric tons CO₂e): 618,412
Gross Lifetime Scope 3 Emissions from Use of Sold Products (MMT CO₂): 1,118
Net Lifetime Scope 3 Emissions from Use of Sold Products (MMT CO₂): 414
B) Disclose Scope 1, 
Scope 2 and, if appropriate, 
Scop
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SUSTAINABILITY ACCOUNTING STANDARDS BOARD (SASB)
TOPIC
Accounting Metric
Category
Unit of measure
Code
Response or Location
SASB: INDUSTRY: ELECTRICAL & ELECTRONIC EQUIPMENT
Table 1. Sustainability Disclosure Topics & Metrics
Energy Management
(1)	
Total energy consumed,
(2)	 Percentage grid electricity
(3)	 Percentage renewable
Quantitative
Gigajoules (GJ), Percentage (%)
RT-EE-130a.1
How We Impact: Sustainability Performance, page 21
Hazardous Waste Management
Amount of hazardous waste generated, percentage recycled
Quantitative
Metric tons (t), Percentage (%)
RT-EE-150a.1
GE Vernova has not disclosed this information for 2023. As a new stand-alone 
company, we will evaluate add
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TOPIC
Accounting Metric
Category
Unit of measure
Code
Response or Location
SASB: WIND TECHNOLOGY & PROJECT DEVELOPERS
Table 1. Sustainability Disclosure Topics & Metrics
Workforce Health & Safety
(1)	
Total recordable incident rate (TRIR) and 
(2)	 Fatality rate for (a) direct employees and (b) contract employees
Quantitative
Rate
RR-WT-320a.1
How We Impact: Sustainability Performance, page 21
Materials Sourcing
Description of the management of risks associated with the use of critical materials
Discussion and Analysis
n/a
RR-WT-440a.1
2023 Conflict Minerals Report
Materials Efficiency
Top five materials consumed, by weight
Quantitative
Metric tons (t)
RR-WT-440b.1
GE Vernova has
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© 2024 GE Vernova and/or its affiliates. All rights reserved.
GE and the GE Monogram are trademarks of General Electric  
Company used under trademark license.
Keyword: bribe
Minerals Policy and Responsible Minerals Sourcing Policy. When employee code of conduct, anti-bribery and ethics
sourcing, we review criteria including meeting conflict mineral • More detailed expectations regarding labor and human rights, escalation policy (“whistle-blowing”).
reporting requirements, CDP participation and EcoVadis scores, health and safety, environmental practices and business integrity
when available.
• Updated expectations regarding treatment of human rights
The EcoVadis assessment includes evaluation of a company’s defenders, due diligence requirements for responsible sourcing,
policies and practices related to numerous significant human respect of land rights, implementing grievance mechanisms and
rights-related issues as reported by the company, such as working appropriate internal management systems
conditions, chil
Keyword: corruption
Awareline; 4,635 were classified as allegations, with the remaining Examples: Fraud, conflicts of interest, corruption
Available in nine languages, the Code applies across our entire classified as suggestions, inquiries and other issues.
company, including to subsidiaries we control. We also expect Human Resources, Diversity and Workplace Respect
We track all reports of misconduct, whether through Awareline Examples: Interpersonal conflicts, harassment, 65%
third parties, including suppliers and dealers, to act in a manner
discrimination, retaliation
or another channel, in a case management system that allows
that is consistent with the principles and values outlined in our
us to preserve a reporter’s anonymity while facilitating efficient
Code when conducting business with, and on behalf of, GM. GM
Environment, Health and Safety
investigation, follow-up a
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Journey to ZeroIntroduction Strategy Environment Innovation Social Governance Appendix 2023 Sustainability Report 1
Our vision is a world with zero crashes, zero About This Report Solely for convenience, trademarks and trade names referred to in this report
may appear without the ® or ™ symbols. Such references are not intended
emissions and zero congestion.
to indicate, in any way, that we will not assert, to the fullest extent under
Scope and Boundaries applicable law, our rights or the right of the applicable licensor to these
trademarks and trade names.
At General Motors Company (GM), we are driven by our innovative GM is committed to publicly reporting on sustainability-related topics on an
spirit and a commitment to action. Our investments in research annual basis, discussing the opportunities and challenges t
Keyword: governance
Responsible Governance 72 provider, and GM Cruise Holdings LLC, our majority-owned subsidiary laws. Forward-looking statements are any statements other than statements
Appendix 82 responsible for the development and commercialization of autonomous of historical fact. Forward-looking statements represent our current judgment
vehicle technology, is not included in the report. In some instances, data has about possible future events. In making these statements, we rely upon
been included for operations in which GM’s interest is through joint ventures assumptions and analysis based on our experience and perception of historical
(JVs), including our automotive China JVs. In these instances, the inclusion of trends, current conditions and expected future developments,
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results could differ from the original estimates.Introduction Strategy Environment Innovation Social Governance Appendix 2023 Sustainability Report 2
About Us
Why We Exist Who We Are Where We Focus
Our diverse global team of employees is working hard to turn our Headquartered in Detroit, Michigan, GM is a company with We have a passion for delivering world-class products and
purpose and vision into reality. global scale and capabilities. unrivalled customer experiences.
Our Purpose
We pioneer the innovations that move and connect people to
what matters.
Our Vision
Zero crashes, zero emissions and zero congestion. Operations in 151K Customers on Electrification Vehicle Safety
31 six Our Ultium platform can Research, technology and
global
help put everyone in an EV, advocacy inform our holistic
countries employees1 continents
driving the world closer
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became a wholly owned subsidiary of GM in May 2022.Introduction Strategy Environment Innovation Social Governance Appendix 2023 Sustainability Report 3
A Message From Mary Barra, A Message From Kristen Siemen,
Chair and Chief Executive Officer Chief Sustainability Officer
As you learn more about what we accomplished in 2023, keep in At GM, we are taking important steps toward supporting the
mind that 2024 will bring more action and more progress from transition to a more sustainable, zero emissions future for
General Motors on our sustainability goals and our vision of a everyone. We continue to make progress on our plan to become
world with zero crashes, zero emissions and zero congestion. carbon neutral in our global products and operations by 2040, but
we know we can’t do it alone. With innovation and technology at
Our investments in electric and a
Keyword: governance
Chevrolet Blazer EV RSIntroduction Strategy Environment Innovation Social Governance Appendix 2023 Sustainability Report 4
2023 Report Highlights
Joined the ZEROgrid Initiative1 with other Member of the First Movers Coalition
leading companies and RMI to expand demonstrating commitments to low-carbon
corporate aspirations to help drive toward steel, aluminum, concrete and cement, signaling
a more reliable and affordable grid. a firm market demand for near-zero materials.
Spent approximately $5.6B with Announced upcoming expansion of
North American diverse Tier I suppliers. Vehicle-to-Home (V2H) bidirectional charging
technology across our retail portfolio of
Ultium-based EVs in the United States.
Provided $64M in grants to nearly 400 Announced our plan to integrate the North
U.S.-based nonprofits to help create inclusive A
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1 Zero Emissions, Reliability Optimized Grid or ZEROgrid Initiative (ZGI).Introduction Strategy Environment Innovation Social Governance Appendix 2023 Sustainability Report 5
Awards and Recognition
Received the top score for
Received the ENERGY STAR Sustained Listed in the Fair360
ISS
Excellence Award for the
Top 50
12th QualityScore
Companies for Diversity for the eighth straight
straight year year, ranking #33—three places up from 2022 in the Environmental and Social
categories for the entirety of 2023
Ranked
Achieved Received an A- on the
#17
1st CDP
in the Environmental Protection Agency
in the 2024 JUST 100 rankings for the Climate Change and Water Security
(EPA) Green Power Partnership list,
Automobiles & Parts industry sector questionnaires
making us the top automaker
Named on Fast Company’s 2023 Named as the only original equipment
Received the top score for manufac
Keyword: governance
a better future list for the fifth straight yearIntroduction Strategy Environment Innovation Social Governance Appendix 2023 Sustainability Report 6
Our Sustainability Strategy
Our sustainability strategy supports our vision of an
all-electric future, our carbon neutral goal and our
growth strategy, which we believe can lead to greater
revenue and margins.
In This Section
Our Sustainability Journey 7
Status of Our Goals 8
Chevrolet Equinox EVIntroduction Strategy Environment Innovation Social Governance Appendix 2023 Sustainability Report 7
Our Sustainability Journey
At GM, we are transforming our processes, materials
and products to achieve our sustainability goals.
In change, we see opportunity. It Taking Environmental Action Growing Through Innovation Moving Together Driving Responsible Governance
is our chance to lead; to provide We have ambiti
Keyword: governance
Water Management Priority AreasIntroduction Strategy Environment Innovation Social Governance Appendix 2023 Sustainability Report 8
Status of Our Goals
We are dedicated to actively pursuing our sustainability goals. We've taken productive strides in our operations
and are continuously strengthening our strategy as we advance on our journey toward zero emissions.1
These metrics are inclusive of organizational boundary adjustments to better align with GHG protocol and updates in certain calculations
for changes in assumptions and increased available data.
51% of 39% of 0% of 3% of 35% of 100% of
our goal our goal our goal our goal our goal our goal
Reducing Scope 1 and Scope Sourcing 100% renewable Reducing Scope 3 GHG emissions Eliminating tailpipe emissions Reducing water intensity by 35% Diverting more than 90% of
2 GHG emissions
Keyword: governance
1 Percentages against baselines represent the reporting year reduction percentage from baseline compared to the targeted reduction percentage.Introduction Strategy Environment Innovation Social Governance Appendix 2023 Sustainability Report 9
Environment
To help create a more sustainable world, we aim
to become carbon neutral in global products and
operations by 2040. We are working toward greater
efficiency in our products and operations through
our production processes and the resources we use.
In This Section
Emissions Mitigation Plan 10
Our Energy Strategy 12
Driving Toward a Circular Economy 21
Supply Chain 32
Chevrolet Blazer EV RSIntroduction Strategy Environment Innovation Social Governance Appendix 2023 Sustainability Report 10
Emissions Mitigation Plan
Our goal is to achieve carbon neutrality in global products and operations by 2040.
Where We Are Now Reporting Updates
GM recognizes that to make the biggest impact on climate Our G
Keyword: governance
by bringing new products and increasing production capacity. 16% Mitigation Plan Governance
69%
Additionally, we have made great progress in our efforts in
sourcing renewable electricity to reduce emissions. We are
We have developed our mitigation plan in line with our vision of
actively exploring opportunities to expand our renewable
a world with zero emissions. We will revisit this plan annually,
energy capacity as it contributes to a more sustainable future.
while targets are reviewed with the Board by representatives of
relevant teams at least semiannually.
To read more about governance of our climate risk, see our
2022 TCFD Report and the Governance Section of this report.
Scope 3—Use of Sold Products
Scope 3—Purchased Goods and Services
Scope 31—Investments
Scope 3—Other
Scopes 1 and 2
1 The majority of the emissions report
Keyword: governance
2 Lifetime vehicle usage is now estimated at 200,000 kilometers per vehicle. See more detailed performance in our Data Center.Introduction Strategy Environment Innovation Social Governance Appendix 2023 Sustainability Report 11
Our Targets Progress
To help us achieve carbon neutrality in global products and Scope 3 Scopes 1 and 2
operations by 2040, we are committed to achieving the
following milestones and science-based targets. Our Products • Improving energy efficiency: Reducing overall energy use by
lowering intensity levels and operational loads at our facilities
Scope 3—Use of Sold Products • Continuing to expand battery production through our
Ultium Cells LLC, our JV with LG Energy Solution, that is • Continuing to explore opportunities for fuel reduction,
By 2035: manufacturing cells for our Ultium Platform alternative fuels and new technology, focusing on paint,
foundry and heating, ventilation and air conditioning
Keyword: governance
future renewable generation.Introduction Strategy Environment Innovation Social Governance Appendix 2023 Sustainability Report 12
Our Energy Strategy
Improving Energy
Efficiency
Our strategy to manage energy in our operations Reducing overall energy use
and reduce Scope 1 and 2 emissions involves a by lowering intensity levels
and operational loads at
combination of improved energy efficiency, using
our facilities
more renewable power, enhancing supply reliability
and advocacy work.
Sourcing Renewable
Energy
Supporting the growth of
renewable energy through
direct investments, on-site
generation, green tariffs and
power purchase agreements
Addressing Reliability
and Resiliency
Procuring reliable energy
through robust infrastructure,
securing redundant and
reliable power supply,
and exploring options
like energy storage to
addres
Keyword: governance
renewable energy assetsIntroduction Strategy Environment Innovation Social Governance Appendix 2023 Sustainability Report 13
U.S. Department of Energy (DOE) U.S. ENERGY STAR
Operational Energy
To assess and improve our EMS, we have implemented the DOE Buildings certified by ENERGY STAR use less energy, save money
50001 Ready program across our business. 50001 is a voluntary and generate fewer GHG emissions. To be certified as an ENERGY
Efficiency
global standard for energy management systems in industrial, STAR building, it must meet strict energy performance standards
commercial and institutional facilities. We continue to expand the set by the Environmental Protection Agency (EPA) and outperform
program globally. at least 75% of similar buildings nationwide. In 2023, we received
Our energy conservation and renewable energ
Keyword: governance
plant’s annual heat needsIntroduction Strategy Environment Innovation Social Governance Appendix 2023 Sustainability Report 14
Our Global Energy and Absolute Scope 1 and 2 Emissions3 Renewable Electricity as a Percentage of Our Global
(Million Metric Tons CO2e) Electricity Use4
Emissions Progress1
100%
4.3
In 2023, we showcased our industry leadership in
sustainable energy among all manufacturing companies 2.5 2.7 2.7 55%
36% 39%
by becoming the leading buyer of renewable energy 31%
1.2
through power purchase agreements.2 10%
We continue to invest in energy-efficient systems and renewable 2018 2021 2022 2023 2035 2018 2021 2022 2023 2025 2035
(Baseline) (Goal) (Baseline) (Interim Goal) (Goal)
energy strategies to reduce Scope 1 and 2 emissions. We are
prioritizing absolute carbon reductions across the business to
achieve carb
Keyword: governance
Cooling Consumption Includes generation and consumption of electricity from landfill gas.Introduction Strategy Environment Innovation Social Governance Appendix 2023 Sustainability Report 15
The Transition to Our Progress Our Renewable Electricity Portfolio
In 2023, we accomplished noteworthy projects, including a 50
In 2022, we announced that we had finalized the energy sourcing MW PPA from the Thunderhead Wind Farm situated in Wheeler and
Renewable Energy
agreements required to secure 100% of the energy needed to Antelope Counties, Nebraska. Additionally, we embarked on a new
power all of our U.S. sites with renewable electricity by end of phase of our green tariff MIGreen Power, in collaboration with DTE
2025.1 With these procurements, we are the highest-ranking Energy, which will enable additional facilities to operate on 100%
We are building on our past successes by continuing automa
Keyword: governance
renewable generation.Introduction Strategy Environment Innovation Social Governance Appendix 2023 Sustainability Report 16
Renewable Electricity Agreements1
1 Rancho Cucamonga, California, Solar, 1.3 MW
2 Jackson County, Arkansas, Solar, 180.0 MW
3 Bowling Green, Kentucky, Solar, 0.9 MW
4 Various Locations, Michigan, Solar, 0.5 MW
5 St. Clair and Branch County, Michigan, Solar, 300.0 MW
6 Parma and Toledo, Ohio, Solar, 1.8 MW
7 Kentucky, Illinois and Tennessee, Solar, 168.1 MW
8 Rochester, New York, Solar, 0.4 MW
9 Rosario, Santa Fe, Argentina, Solar, 0.2 MW
10 Changwon, South Korea, Solar, 11.0 MW 1 4 1 5 2 3 8
2 3 6
1 Fort Wayne, Indiana, Landfill Gas, 6.4 MW 1 2 7 3 4 10
2 Lake Orion, Michigan, Landfill Gas, 8.0 MW 1
3 St. Catharines, Canada, Landfill Gas, 6.4 MW
5
1 Texas, Wind, 80.0 MW
2 Wheeler and Antelope Counties
Keyword: governance
2 Capacity is an approximation based on the agreements.Introduction Strategy Environment Innovation Social Governance Appendix 2023 Sustainability Report 17
Key Collaborations Emissions First Partnership Virtual Power Plant Partnership
We are part of the Emissions First Partnership (EFP), a group of In 2023, GM collaborated with RMI and Google Nest to launch
energy procurement practitioners who believe in a greenhouse the Virtual Power Plant Partnership (VP3). VP3 supports the
gas accounting framework that prioritizes emissions impact and development of virtual power plant (or VPP) markets. A VPP is
encourages actions that reduce carbon. This collective has a global cloud-based technology that consolidates distributed energy
perspective and recognizes the value in clean energy procurement resources (DERs) from different locations—such as renewable
in area
Keyword: governance
automaker in 2023Introduction Strategy Environment Innovation Social Governance Appendix 2023 Sustainability Report 18
An All-Electric Future Vehicle Emissions1
Goal
Across the company, we have embedded governance
Reducing Scope 3 GHG
processes that assess our fleet’s fuel efficiency and emissions
emissions from the use of
Climate change is a global challenge. As part of the performance. Learn more about Global Fuel Economy and
sold products by 51% per
solution, we plan to make all-electric, zero-emission Emissions Regulations.
vehicle kilometer by 2035
vehicles more accessible and affordable, bringing against a 2018 baseline
everyone along as we transition.
Regional Well-to-Wheel CO2 Emissions Intensity
Light- and Heavy-Duty Vehicle (gCO2e/km)
As detailed in Advancing Electrification and Autonomy, we are Sales Weight
Keyword: governance
3 Lifetime vehicle usage is now estimated at 200,000 kilometers per vehicle.Introduction Strategy Environment Innovation Social Governance Appendix 2023 Sustainability Report 19
Our Story in Numbers: How We Compare Carbon Footprints
GM’s electric trucks and SUVs will significantly reduce the GHG emission use phase intensity1 compared to their ICE counterparts. In some
cases, the intensity is reduced up to 70%. We anticipate the intensity will continue to decrease during the use phase as utility companies
work to decarbonize electricity. The following examples compare well-to-wheel emissions intensity from vehicles within our EV portfolio.
See Estimated Impacts Calculation Assumptions section.
2024 Chevrolet Silverado EV Intensity (gCO2e/km) 123 2024 GMC HUMMER EV Pickup Intensity (gCO2e/km) 152 2024 Chevrolet Blazer EV AWD Intensity (gCO2e/km) 85
Avg. ICE Pickup Truck Intensi
Keyword: governance
requirements.Introduction Strategy Environment Innovation Social Governance Appendix 2023 Sustainability Report 20
Transforming Our Key Investments 6
4
in Our North 1
Manufacturing Footprint
American EV
5
We are continuing to scale up our EV production footprint. In 2021, Manufacturing 2
we began production at our Factory ZERO Detroit-Hamtramck
Assembly Center, which was retooled into a fully dedicated (Projects completed, in
EV facility to produce a variety of vehicles, including the GMC progress or announced
HUMMER EV Pickup and SUV, the Chevrolet Silverado EV, and through January 2024)
the upcoming Cadillac ESCALADE IQ. At Ramos Arizpe Assembly,
we have started production of the Chevrolet Equinox EV and 3
Chevrolet Blazer EV.
In addition to the transformation of five North American assembly
plants, we are also
Keyword: governance
$2B—Production of Cadillac LYRIQIntroduction Strategy Environment Innovation Social Governance Appendix 2023 Sustainability Report 21
Driving Toward a
Aiming to Increase Circularity in Our Facility Operations and Across the Vehicle Life Cycle
Circular Economy
Facility Vehicle
We are on a journey of circular transformation, Operations Life Cycle
aiming to increase resource circularity in our facility Natural
Resources
operations and throughout the vehicle life cycle. External External
Uses Uses
Recycle
We recognize the limitations of the linear economy, where Materials
materials are extracted, used and discarded as waste. We are a
Member of the Ellen MacArthur Foundation, collaborating with Remanufacture
Reuse &
businesses and institutions to promote the principles of a circular Recycle
economy. Through this membership and other init
Keyword: governance
driving toward a circular economy.Introduction Strategy Environment Innovation Social Governance Appendix 2023 Sustainability Report 22
Vehicle Circularity
Recycled Plastics in GM Vehicles1
To support the reduction of GHG emissions, we continue to increase the recycled content of materials in our vehicles. In 2023, over 39
GM is working to increase circularity throughout million pounds of recycled plastic were used in GM vehicles. While such materials are not available on all vehicles, each application provides
the vehicle life cycle, from vehicle design and valuable insights and brings us closer to achieving our sustainability goals. Some examples of parts include:
engineering to end-of-life (EoL).
Pounds
Sustainable Materials
15.8M 4.9M 2.4M
Our approach to sustainable materials relies on collaboration with
our supply chain and data