May 29, 2008
GE Reports On Progress Of Ecomagination, Sets New Goals
GE has announced the expansion of its “ecomagination” strategy, committing to reduce its global water use by 20 percent by 2012.
GE also reported that revenues from its environmental portfolio topped $14 billion in 2007, up more than 15 percent compared with 2006, and the company’s “cleantech” fund — investment in cleaner technology research and development — surpassed $1 billion for the first time.
The announcements coincide with a new report (PDF) on the progress of GE’s ecomagination strategy.
GE set out in 2005 to grow revenues from its ecomagination products to $20….
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