June 21, 2007

GE Releases 2007 Citizenship Report

GE has released its 2007 citizenship report (website), highlighting the company’s progress on its 2006 commitments and providing a view into its priorities for the coming year. The report, “Investing in a Sustainable Future,” is the company’s third, and GE says it focuses on the interdependence between business strategy and corporate citizenship, especially as it relates to social and environmental issues in emerging markets.

According to the report, GE:

• Held environmental exceedances (air, wastewater, spills) essentially flat year over year while production and number
  of manufacturing sites increased.
• Is on track to achieving 1-30-30 goals and reaching 4 percent GHG reduction in first two years of program.
• Operations, in 2006, used approximately 34.7 billion gallons of water of which 17.4 billion gallons were for non-contact cooling purposes.
• Operations, in 2006, generated approximately 74.2 thousand metric tons of hazardous waste and 391.3 thousand metric tons of non-hazardous wastes.

The company recently reported that it had doubled sales from environmentally friendly products to $12 billion over the past two years

GE will host a one-hour webcast to discuss its citizenship performance and ecomagination on June 25 at 10:00 AM EDT. The webcast will be hosted by Senior Vice President and General Counsel Brackett Denniston, Vice President, Corporate Citizenship Bob Corcoran, Vice President of Environmental Programs Steve Ramsey, Vice President of Investor Relations Dan Janki and Executive Director of Corporate Communications Gary Sheffer (U.S. dial-in: 800-659-2056 / International: 617-614-2714; Participant passcode: “GE Comms Line”). Users can access the live webcast here.

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