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GE Traces the Key to Sustainable Growth: 2010 Citizenship Report

July 24, 2011
  • Features
2010 Citizenship Report Feature Image

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 helping solve the world’s toughest problems.”

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.

Video

An introduction to Citizenship at GE, including an overview of the company's 2010 Citizenship report.

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 continue on this important journey.”

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 and contribution, and the relationship to value creation.
  • Expert perspectives from more than 20 global thought leaders on key issues, on topics such as climate change, human rights, labor and supply chain.
  • A ten-year retrospective, drawing on perspectives from the expert panel, reflecting upon the evolution of citizenship as well as opportunities for the future.
  • List of key challenges and GE’s value to address the challenges. The GE Priority Matrix is introduced to highlight the areas where GE can have an impact, through its products and services or 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.
timeline GE Traces the Key to Sustainable Growth: 2010 Citizenship Report

Detail of Milestones in Citizenship, pages 11-13 of the GE 2010 Citizenship Report

The report will be translated into four languages. To order a copy of the 2010 GE Citizenship Report, visit www.gecitizenship.com/reporting/order-a-report. To sign up for more information about GE’s corporate citizenship initiatives and practices, please visit www.genewscenter.com/webuser/register.asp.

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  • D Robert Thayer said:

    August 19, 2011

    I believe GE stands to gain – or, better said, “RESTORE”, its domestic market share by returning the production of many of its product lines (i.e., those used to a great extent in the homes of our nation) to production facilities here in the U.S.
    By building new production facilities (if necessary) – employing American workers – and ADVERTISING this aspect of our change in operations…the buying public will be disposed to purchase these ‘home-made’ products at a premium price in lieu of purchasing foreign made equivalents, which in actuality would NOT be “equivlent” in terms of quality and endurance. Our products have, historically, been of superior quality and should be made to remain so.
    There is a growing distaste and resentment towards the ‘global’ environment governed by banking elitists. GE may be right to support those global operations which serve its interests and ‘bottom line’ best in those instances where domestic production would not lead to ‘domestic consumption’, but we should restore many of those operations I’ve described above. The large lamp department would be one of these. After all…IT was the part that saw GE through the depression of the 30′s…and may well contribute to stabilizing our economy against the economic decline the current administration and Federal Reserve is in the process of creating.

    reply  

  • D. Robert Thayer said:

    August 27, 2011

    So… What does THIS say about my post, above?!!! (Found this in Facebook. Can only assume it’s genuine.)

    Snopes verifies this.

    —–or it is not what you know but who you know. huh…

    General Electric is planning to move its 115-year-old X-ray division from
    Waukesha , Wis. , to Beijing . In addition to moving the headquarters, the
    company will invest $2 billion in China and train more than 65 engineers
    and create six research centers. This is the same GE that made $5.1
    billion in the United States last year. but paid no taxes-the same company
    that employs more people overseas than it does in the united States .

    So let me get this straight. President Obama appointed GE Chairman Jeff
    Immelt to head his commission on job creation (job czar). Immelt is
    supposed to help create jobs. I guess the President forgot to tell him in
    which country he was supposed to be creating those jobs.

    If this doesn’t show you the total lack of leadership of this President, I
    don’t know what does.

    reply  

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