DOCSLIB.ORG

Printmgr File

Total Page：16

File Type：pdf, Size：1020Kb

Download full-text PDF Read full-text
Printmgr File Notice of 2011 Annual Meeting and Proxy Statement IMPORTANT VOTING INFORMATION As a result of recent rule changes, your broker is not permitted to vote on your behalf on the election of directors and other matters to be considered at the shareowner meeting (except on ratification of the selection of KPMG as auditors for 2011), unless you provide specific instructions by completing and returning the Voting Instruction Form or following the instructions provided to you to vote your shares via telephone or the Internet. For your vote to be counted, you now will need to communicate your voting decisions to your broker, bank or other financial institution before the date of the shareowner meeting. Your Participation in Voting the Shares You Own Is Important Voting your shares is important to ensure that you have a say in the governance of your company and to fulfill the objectives of the majority voting standard that we apply in the election of directors. Please review the proxy materials and follow the instructions on the proxy card or Voting Instruction Form to vote your shares. We hope you will exercise your rights and fully participate as a shareowner in our company’s future. More Information Is Available If you have any questions about the proxy voting process, please contact the broker, bank or other financial institution where you hold your shares. The Securities and Exchange Commission (SEC) also has a website (www.sec.gov/spotlight/proxymatters.shtml) with more information about your rights as a shareowner. Additionally, you may contact our Investor Relations Department at www.ge.com/investors/index.html. IMPORTANT NOTICE REGARDING THE AVAILABILITY OF PROXY MATERIALS FOR THE SHAREOWNERS MEETING TO BE HELD ON APRIL 27, 2011 The proxy statement is available at www.ge.com/proxy and the annual report is available at www.ge.com/annualreport. INFORMATION REGARDING ADMISSION TO THE 2011 ANNUAL MEETING In accordance with our security procedures, all persons attending the 2011 Annual Meeting must present an admission card and picture identification. Please follow the advance registration instructions on page 56 of this proxy statement to obtain an admission card. 2 General Electric Company 3135 Easton Turnpike Fairfield, Connecticut 06828 March 14, 2011 Dear Shareowner, You are invited to attend the 2011 Annual Meeting of Shareowners to be held on Wednesday, April 27, in Salt Lake City, Utah. The annual meeting will begin with a report on our operations, followed by discussion and voting on the matters set forth in the accompanying notice of annual meeting and proxy statement and discussion on other business matters properly brought before the meeting. If you plan to attend the meeting, please follow the advance registration instructions on page 56 of this proxy statement. An admission card, which is required for admission to the meeting, will be mailed to you prior to the meeting. Whether or not you plan to attend, you can ensure that your shares are represented at the meeting by promptly voting and submitting your proxy by telephone or by Internet, or by completing, signing, dating and returning your proxy form in the enclosed envelope. Cordially, Jeffrey R. Immelt Chairman of the Board 3 Contents Page 2011 Proxy Summary ..................................................................................... 5 Notice of 2011 Annual Meeting of Shareowners ............................................................. 9 Proxy Statement .......................................................................................... 9 ▪ Election of Directors ................................................................................ 10 Corporate Governance ................................................................................ 17 Board of Directors and Committees .................................................................... 19 Compensation Discussion and Analysis ................................................................ 21 Compensation Committee Report ...................................................................... 29 2010 Summary Compensation Table ................................................................... 30 2010 Grants of Plan-Based Awards .................................................................... 33 2010 Outstanding Equity Awards at Fiscal Year-End ..................................................... 34 2010 Option Exercises and Stock Vested ................................................................ 38 2010 Pension Benefits ................................................................................ 39 2010 Nonqualified Deferred Compensation ............................................................. 40 Potential Payments upon Termination ................................................................. 41 2010 Non-management Directors’ Compensation ....................................................... 43 Information on Stock Ownership ....................................................................... 45 Related Person Transactions .......................................................................... 46 Audit Committee Report .............................................................................. 47 Independent Auditor .................................................................................. 47 ▪ Management Proposals: ............................................................................ 48 1. Ratification of Selection of Independent Registered Public Accounting Firm .......................... 48 2. Proposal on Advisory Resolution on Executive Compensation ....................................... 49 3. Proposal on Advisory Vote on the Frequency of Future Advisory Votes on Executive Compensation .... 49 ▪ Shareowner Proposals .............................................................................. 49 Additional Information ................................................................................ 54 ▪ To be voted on at the meeting Every shareowner’s vote is important. Please complete, sign, date and return your proxy form, or submit your vote and proxy by telephone or by Internet. 4 2011 Proxy Summary This summary highlights information contained elsewhere in this proxy statement. This summary does not contain all of the information that you should consider, and you should read the entire proxy statement carefully before voting. Annual Meeting of Shareowners • Time and Date 10:00 a.m., April 27, 2011 • Place Salt Palace Convention Center 100 South West Temple Salt Lake City, Utah 84101 • Record date February 28, 2011 • Voting Shareowners as of the record date are entitled to vote. Each share of common stock is entitled to one vote for each director nominee and one vote for each of the proposals to be voted on. • Admission An admission card is required to enter GE’s annual meeting. Please follow the advance registration instructions on page 56. Meeting Agenda • Election of 16 directors • Ratification of KPMG as auditors for 2011 • Advisory vote on executive compensation • Advisory vote on the frequency of future advisory votes on executive compensation • Vote on five shareowner proposals • Transact other business that may properly come before the meeting Voting Matters Page Reference Board Vote Recommendation (for more detail) Election of Directors FOR EACH DIRECTOR NOMINEE 10 Management Proposals Ratification of KPMG as Auditor for 2011 FOR 48 Advisory Vote on Executive Compensation FOR 49 Advisory Vote on the Frequency of Future Advisory Votes on Executive Compensation FOR EVERY YEAR 49 Shareowner Proposals Cumulative Voting AGAINST 49 Future Stock Options AGAINST 50 Withdraw Stock Options Granted to Executives AGAINST 51 Climate Change Risk Disclosure AGAINST 52 Transparency in Animal Research AGAINST 53 Board Nominees • The following table provides summary information about each director nominee. Each director nominee is elected annually by a majority of votes cast. Director Experience/ Committee Memberships Other Public Name AgeSince OccupationQualification Independent AC MDCC NCGC PRC RC Company Boards W. Geoffrey Beattie 50 2009 President, • Leadership X F C • Maple Leaf Foods Woodbridge Company • Global • Royal Bank of • Finance Canada • Industry • Thomson Reuters James I. Cash, Jr. 63 1997 Emeritus James E. Robison • Education X X X X • Chubb Professor of Business • Finance • Wal-Mart Administration, Harvard • Leadership Graduate School of • Global Business • Technology Ann M. Fudge 59 1999 Former Chairman & CEO, • Leadership X X • Novartis Young & Rubicam • Marketing • Unilever • Global • Industry • Government Susan Hockfield 59 2006 President, Massachusetts • Leadership XXX Institute of Technology • Education • Technology • Industry 5 Director Experience/ Committee Memberships Other Public Name AgeSince OccupationQualification Independent AC MDCC NCGC PRC RC Company Boards Jeffrey R. Immelt 55 2000 Chairman & CEO, • Leadership X General Electric • Global • Industry • Government Andrea Jung 52 1998 Chairman & CEO, • Leadership X X X • Apple Avon • Global • Avon • Marketing • Industry • Technology Alan G. (A.G.) Lafley 63 2002 Former Chairman & CEO, • Leadership XXX Procter & Gamble • Global • Marketing • Industry • Technology Robert W. Lane 61 2005 Former Chairman & CEO, • Leadership X F X • Verizon Deere • Finance Communications • Global • Northern Trust • Industry • BMW Ralph S. Larsen 72 2002 Former Chairman & CEO, • Leadership XC,PX Johnson & Johnson • Global • Industry Rochelle B. Lazarus 63 2000 Chairman &
Load more

Recommended publications
  • Presidential Files; Folder: 9/25/78 [2]; Container 92
    9/25/78 [2] Folder Citation: Collection: Office of Staff Secretary; Series: Presidential Files; Folder: 9/25/78 [2]; Container 92 To See Complete Finding Aid: http://www.jimmycarterlibrary.gov/library/findingaids/Staff_Secretary.pdf WITHDRAWAL SHEET (PRESIDENTIAL LIBRARIES) FORM OF CORRESPONDENTS OR TiTLE DAliE RESTRICTION DOCUMENT Memo Harold Brown to Pres. Carter, w/attachments 4 pp., ·r!=!:Defense Summary 9/22/78 A , ' Cabinet Summari. s Andrew Ypung to Pres. Carter~ 1 pg., re:UN activities 9/15/78 9/22/78 A Capinet' Summa:ri s Cal.ifq:no . to Pres. Carter, 3 pp. , re: Personnel "changes 9/22/7.$ c .:~ 0 '· i ~"d. 'I ".'' ' a ~~~·.0 .:t'' '~ ,, 11 , .. "~ •) •· ·~· ',,• \:l,. ,j; ~··~-·< ·-·... • 1 ' .} "I. " 1~ •: , dJ~ ·, '0 ·., " ~ ~r-~ 1\ ~ '·;P. , .. " . ,, ~ 1 , .. ··~ ·:. •·,· '"" <':'• :..·) .,0 / ~ ;w . • '' .• ~ U',• "·',, If' ~' • ·~ ~ ~· • ~ c , " ill" : " ,·, "''t> ''., ' : "."" ~:~~.,,~ . .. r " ·i ' '· ·: ., .~.~ ' 1. ~. ' , .. ;, ~, (• '• ·f." J '',j> '~~'!, ~' -o," :~ ~ ~ e' . " ' ~ ,· J ', I I. FIWE LOCATION Carter Presidenti,al Pap.ers-Staff Offices, Office .of Staff Sec. -Presidenti?l HandwritiRg File, 9/25/78 [2] Box-103 R.ESTRICTtiON CODES (AI Closed by Executive Order 1235S'governing access to national security information. (6) .Closed by statute or by the agency Which originated tine document. (C) Closed in accordance with restrictions contained in the donor's deed of gif,t. ~. NATIONAL ARCHIV.S AND RECORDS AOMINISTRA TION. NA FORM 1429 (6-8,5) ' . THE WHITE HOUSE WASHINGTON 9/25/78 Tim Kraft The attached was returned in the President's outbox: It is forwarded to you for appropriate han<D:ing. Rick Hutcheson cc: Frank Moore THE WHITE HOUSE WASHINGTON 9/25/78 rick-~- although pr.esident is sending note to tim ...
    [Show full text]
  • Biden Calls for New Gun Laws As Shootings Rekindle Debate
    P2JW083000-6-A00100-17FFFF5178F ****** WEDNESDAY,MARCH 24, 2021 ~VOL. CCLXXVII NO.68 WSJ.com HHHH $4.00 DJIA 32423.15 g 308.05 0.9% NASDAQ 13227.70 g 1.1% STOXX 600 423.31 g 0.2% 10-YR. TREAS. À 13/32 , yield 1.637% OIL $57.76 g $3.80 GOLD $1,724.70 g $13.10 EURO $1.1851 YEN 108.58 Boulder Mourns Victims as Suspect Is ChargedWith Murder Intel Sets What’s News Strategy To Speed Business&Finance Its Chip ntel’snew CEO is fast Itracking effortstorevive the semiconductor giant Revival with abroad plan that mixes increased outsourcing with acommitment to spend $20 Semiconductor maker billion on newfactories. A1 earmarks $20 billion Powell, in a joint appear- ancewith Yellen on Capitol GES to expand U.S. plants, Hill, said he doesn’t expect IMA will boost outsourcing the $1.9trillion stimulus package will lead to an unwel- GETTY SE/ BY AARON TILLEY come increase in inflation. A2 U.S. stocks ended lower Intel Corp.’snew chief exec- afterthe testimonybyPowell ANCE-PRES utiveisfast tracking effortsto FR and Yellen, with the S&P 500, revivethe semiconductor gi- Dowand Nasdaq losing 0.8%, ENCE ant with abroad plan that AG 0.9% and 1.1%, respectively. B11 Y/ mixes increased outsourcing with acommitment to spend Robinhood Marketsfiled NNOLL $20 billion on newfactories paperworkwith the SEC for CO that could help addressa what is suretobeone of the ON global chip shortage. year’s most eagerly awaited JAS IN MEMORY: People gather foracandlelight vigil Tuesdaynight to honor the 10 victims killedMondaybyagunman at a Pat Gelsinger said Tuesday initial public offerings.
    [Show full text]
  • GE Commercial Finance Meeting
    Mike Neal GE Commercial Finance Overview Organized for faster growth and lower cost 90’s 2002 Today GE Commercial Consumer Commercial Infrastructure Industrial NBCU Healthcare MID -MARKET FINANCING Vendor Financial Finance Finance Commercial Commercial Services Commercial Dave Calhoun John Rice Bob Wright Equipment European Finance Bill Castell Structured Vice Chairman Vice Chairman Vice Chairman Vice Chairman Financing Equipment Finance Joe Hogan Finance Finance Sr. Vice President3 Dave Nissen Mike Neal Card Services Finance Group Healthcare Sr. Vice President Vice Chairman Global Finance Real – Aircraft Engines – Cons. & Ind’l. – Network – Diagnostic Consumer Estate – Energy – Plastics – Film Imaging – Oil & Gas – Silicones/Quartz – Stations – Biosciences Finance – Rail – Security – Ent. Cable – Clinical Sys. – Water – Sensing – TVPD – Info. Tech. –Europe –Capital Solutions Financial Equity GE Consumer – Energy Fin. – Fanuc – Sports/Olympics – Services Assurance Svcs. – Inspect Tech. – Parks – Aviation Fin. – Equip. Svcs. –Asia –Real Estate CONSUMER SPECIALIZED FINANCING 2002 Svcs. (GECAS) SPECIALIZED SERVICES GE Capital SPECIALTY INSURANCE –Americas –Corp. Fin. Svcs. SPECIALIZED SERVICES SPECIALTY INSURANCE Finance Employers Capital Reinsurance –Australia –Healthcare Markets Reinsurance Corporation Re-org Fin. Svcs. Global Process Mortgage –Insurance Solutions InsuranceInsurance GE Insurance Technology Rail Financial Services Services Guaranty Aviation Insurance Penske Truck Services Mod Space Leasing Fleet Trailer European Equipment
    [Show full text]
  • GE Works GE 2012 Annual Report Annual 2012 GE
    General Electric Company Fairfield, Connecticut 06828 www.ge.com GE Works GE 2012 Annual Report 2012 Annual Report 3.EPC055148101A.103 “ Last year we set focused execution goals for GE: double-digit industrial earnings growth; margin expansion; restarting CITIZENSHIP AT GE the GE Capital dividend to the parent; reducing the size of IN 2012, WE GE Capital; and balanced capital allocation. We achieved all As a 130-year-old ~ 2^]caXQdcTS\^aTcWP]!!\X[[X^]c^R^\\d]XcXTbP]S technology company, nonprofit organizations. of our goals for the year.” GE has proven its ~ ;Pd]RWTS abc^UPZX]S_a^VaP\bcWPcQaX]VcWT[PcTbc JEFF IMMELT, CHAIRMAN AND CEO breast cancer technologies to women. sustainability. Working Healthymagination and Susan G. Komen for the Cure have to solve some of the partnered to bring the latest breast cancer technologies to world’s biggest challenges, more women, by encouraging women to be screened through targeted programs in the U.S., China and Saudi Arabia. Citizenship is in the ~ 6T]TaPcTS! QX[[X^]X]aTeT]dTUa^\^daTR^\PVX]PcX^] products we make, how product portfolio. we make them, and in the difference we make 2012 PERFORMANCE in communities around GE’s newest Evolution Series GE is one of the largest locomotive prototype (pictured) employers in the U.S. and the world. reduces emissions by more than the world, with 134,000 70% compared with 2005 engines, U.S. employees and www.gecitizenship.com saving railroad customers more 305,000 employees globally, CONSOLIDATED REVENUES GE SCORECARD (In $ billions) than $1.5 billion in infrastructure as of the end of 2012.
    [Show full text]
  • Fueling Economic Growth
    The Business Case For MINORITY BUSINESS ENTERPRISES Fueling Economic Growth 1 THE FUTURE MAJORITY 120 million strong and increasing by 2.3 million per year, multicultural populations are the growth engine of the future in the U.S. Hispanics, African-Americans, Asian- Americans, and all other multiculturals already make up 38% of the U.S. population, with Census projections showing that multicultural populations will become a numeric majority by 2044. 2 .. TOC Advancing Business Connections That Count Contents Our Goals & Call To Action ....................................................................................... 5 Our Mission ............................................................................................................. 7 NMSDC By The Numbers ......................................................................................... 8 National Corporate Members ....................................................................................14 National Affiliates .................................................................................................... 18 Growth Trends - The Emerging Minority Marketplace ....................................................... 20 Economic Impact ...................................................................................................... 21 Minority Purchasing Power .......................................................................................... 24 U.S. Population Growth ............................................................................................
    [Show full text]
  • Artificial Intelligence (AI) for Development Series Module on AI
    Artificial Intelligence (AI) for Development Series Module on AI, Ethics and Society July 2018 Work in progress, for discussion purposes Comments are welcome! Please send your comments on this paper at: [email protected] by 30 July 2018 The views expressed in this paper are those of the author and do not necessarily reflect the opinions of ITU or its Membership. AI for Development Series This module was prepared by Michael Best, Director, United Nations University Institute on Computing and Society (UNU-CS), Professor, Sam Nunn School of International Affairs and the School of Interactive Computing, Georgia Institute of Technology, under the direction of the ITU/BDT Regulatory and Market Environment Division, in collaboration with the ITU/BDT Telecommunication Division and under close coordination with the Chief of the ITU/BDT Infrastructure, Enabling Environment, and E-Applications Department. We would like to thank the ITU General Secretariat and the ITU Standardization Bureau for their contributions. 2 | P a g e AI for Development Series Contents 1. Introduction ....................................................................................................................... 4 2. A Brief History of AI ethics and society .............................................................................. 5 3. Is AI Different? ................................................................................................................... 8 4. Framing AI, Ethics and Society ........................................................................................
    [Show full text]
  • Management Perspectives Pertaining to Root Cause Analyses of Nunn-Mccurdy Breaches
    CHILDREN AND FAMILIES The RAND Corporation is a nonprofit institution that EDUCATION AND THE ARTS helps improve policy and decisionmaking through ENERGY AND ENVIRONMENT research and analysis. HEALTH AND HEALTH CARE This electronic document was made available from INFRASTRUCTURE AND www.rand.org as a public service of the RAND TRANSPORTATION Corporation. INTERNATIONAL AFFAIRS LAW AND BUSINESS NATIONAL SECURITY Skip all front matter: Jump to Page 16 POPULATION AND AGING PUBLIC SAFETY SCIENCE AND TECHNOLOGY TERRORISM AND HOMELAND SECURITY Support RAND Purchase this document Browse Reports & Bookstore Make a charitable contribution For More Information Visit RAND at www.rand.org Explore the RAND National Defense Research Institute View document details Limited Electronic Distribution Rights This document and trademark(s) contained herein are protected by law as indicated in a notice appearing later in this work. This electronic representation of RAND intellectual property is provided for non-commercial use only. Unauthorized posting of RAND electronic documents to a non-RAND website is prohibited. RAND electronic documents are protected under copyright law. Permission is required from RAND to reproduce, or reuse in another form, any of our research documents for commercial use. For information on reprint and linking permissions, please see RAND Permissions. This product is part of the RAND Corporation monograph series. RAND monographs present major research findings that address the challenges facing the public and private sectors. All RAND mono- graphs undergo rigorous peer review to ensure high standards for research quality and objectivity. MARK V. A RENA, IRV BLICKSTEIN, ABBY DOLL, JEFFREY A. DREZNER, JAMES G. KALLIMANI, JENNIFER KAVANAGH, DANIEL F.
    [Show full text]
  • Integrated Transportation Systems Business Unit
    Integrated Transportation Systems Business Unit July 10th, 2015 Mitsui & Co., Ltd. 1 Contents 1. Overview 2. Mobility 3. Repositioning 4. Business Strategy 5. Keywords for the Future 2 1.Overview COPYRIGHT © MITSUI & CO., LTD. ALL RIGHTS RESERVED. 3 Numbers Tell Our Business Unit Number of Employees Number of Subsidiaries Total Assets & Net Income (Consolidated) (Equity Accounted Investees) 1 1 150 3 companies 10 of total of total COPYRIGHT © MITSUI & CO., LTD. ALL RIGHTS RESERVED. 1. Overview 4 Organization Structure Iron & Steel Products Business Unit COO Mineral & Metal Resources Business Unit Infrastructure Projects Business Unit Deputy COO Integrated Transportation Systems Business Unit COO staffs Basic Chemicals Business Unit Strategic Planning Dept. CEO Performance Chemicals Business Unit Unit Business Americas Business Unit EMEA Business Unit Pacific Asia Human Resources & General Affairs Dept. Innovative Business Evolution Dept. Energy Business Unit I Energy Business Unit II 8 Food Resources Business Unit Business Divisions Food Products & Services Business Unit First Motor Vehicles Div. Ship Business Div. Consumer Service Business Unit IT & Communication Business Unit Second Motor Vehicles Div. Marine Enterprise Div. Corporate Development Business Unit Aerospace Systems & Third Motor Vehicles Div. Rail Leasing Div. Corporate Staff Divisions Construction and Transportation Project Div. 13 business units + ３regional headquarters Industrial Machinery Div. COPYRIGHT © MITSUI & CO., LTD. ALL RIGHTS RESERVED. 1. Overview 5 Business Domains Shipping 5 Construction Sale & purchase of newly- and Industrial Aerospace Business built ships, ship owning, Machinery Domains and finance. Brokering of chartering and sale & Motor Shipping Railway purchase of secondhand Vehicles ships. Sale of marine equipment. Ship management/technical services. Motor Vehicles Aerospace Motor vehicle/motorcycle assembly and production; Aircraft leasing; aircraft parts import and export; engine development freight business for parts, investment, leasing and etc.
    [Show full text]
  • Sales and Operations Management Training Program (Entry Level) Albuquerque, NM
    Sales and Operations Management Training Program (Entry Level) Albuquerque, NM Position Summary Train for your professional sales career in an entrepreneurial environment steeped in a tradition of success. Our TEAM approach engages you in all aspects of our business - sales, operations and maintenance. Learn how we have become the nation's leading transportation company from the ground up - where the rubber really hits the road! In this Developmental role, you will receive 5 weeks of personalized training and be coached by managers and peers who started in the same seat. We will introduce you to our sales processes, leading edge technology and winning company culture through one-on-one, small group and web-based methods. Within your first 6 months you will be invited to our corporate offices in Reading, PA for our capstone event - facilitated by Senior Leadership, many of whom also started in your very seat. For more information or to apply, go to: http://www.glassdoor.com/job-listing/sales-and-operations Every 4 months you will be provided feedback on your development and performance, as providing top notch customer service is a key measure of your role. Upon successful completion of the program and successful performance in role, the opportunity for promotion into a manager position exists and future development in operations and sales will continue. Weekend shift flexibility needed. Description - Develop consumer and commercial customer solutions to local and national accounts - including many of the Fortune 500. - Manage our large
    [Show full text]
  • III Política Energética
    III. POLÍTICA ENERGÉTICA 77º Aniversario de la Expropiación Petrolera (Presidencia de la República) El 18 de marzo de 2015, durante la conmemoración del 77º Aniversario de la Expropiación petrolera, el Jefe del Ejecutivo Federal indicó que hoy “México cuenta con un modelo energético de vanguardia que permitirá acelerar el crecimiento de la industria petrolera y el desarrollo de la economía entera”. A continuación se presenta la información. El Presidente de la República afirmó que con la Reforma Energética en acción “está surgiendo un nuevo Petróleos Mexicanos (Pemex) más fuerte, más moderno y más competitivo. Pemex se transformó en una empresa productiva del Estado, con la flexibilidad jurídica y gerencial para adaptarse a los nuevos tiempos y convertirse en una de las principales petroleras del mundo”. Al resaltar que el Gobierno de la República impulsó en 2013 la Reforma Energética “con una nueva visión, pero con la misma convicción del Presidente Lázaro Cárdenas: la de fortalecer la soberanía nacional”, el Primer Mandatario aseguró, en la conmemoración del 77 aniversario de la Expropiación Petrolera, que hoy “México cuenta con un modelo energético de vanguardia que permitirá acelerar el crecimiento de la industria petrolera y el desarrollo de la economía entera”. Tras subrayar que “Pemex es y seguirá siendo patrimonio de los mexicanos”, el Titular del Ejecutivo Federal dijo que “hoy Pemex es un gran orgullo nacional que se renueva y fortalece para convertirse en la empresa más competitiva de la industria petrolera mundial”. F1 P-07-02 Rev.00 870 Comisión Nacional de los Salarios Mínimos “Con la Reforma Energética, Pemex va primero.
    [Show full text]
  • Greenhouse Gas and Energy Inventory Process
    Greenhouse gas and energy inventory process UPDATED OCTOBER 2020 Methodology The GE Greenhouse Gas (GHG) Inventory follows the World Resources Institute/ World Since 2011, GE has Business Council for Sustainable Development (WRI/WBCSD) Greenhouse Gas Protocol: A reduced operational Corporate Accounting and Reporting Standard, Revised Edition (the “Protocol”). GE utilizes greenhouse gas the Protocol for all definitions, assumptions, and calculations discussed in this document emissions by nearly unless explicitly stated otherwise. 0.62 million metric ton GE reports under the “control” approach for emissions in Scopes 1 and 2, as defined in the CO2-equivalents. Protocol, from sources over which it has operational control. Selected Scope 3 emissions are reported. At a high level, the Protocol defines Scope 1 emissions as direct GHG emissions from sources that are owned or controlled by the company, Scope 2 emissions as emissions from the generation of purchased electricity consumed by the company, and www.ge.com/sustainability Scope 3 emissions as emissions that are a consequence of the activities of the company, but occur from sources not owned or controlled by the company. GE reports this data with the unit of CO2-equivalent which is the universal unit of measurement to indicate global warming potential of greenhouse gases. [email protected] Inventory scope The GHG Inventory includes data from individual facilities (primarily manufacturing facilities), additional rooftops (primarily offices, warehouses, and small service shops), and the vehicle and air fleets that GE operates for its own use. The inventory scope is adjusted annually as a result of divestiture, closure or consolidation with other facilities, acquisitions, newly established facilities, or when facilities meet the reporting criteria for the first time.
    [Show full text]
  • Gemmel V. Immelt, No. 650780 2018, 2019 BL 264106 (Sup
    Gemmel v. Immelt, No. 650780_2018, 2019 BL 264106 (Sup. Ct. June 28, 2019), Court Opinion Printed By: EBRANDWEIN1 on Friday, July 19, 2019 - 8:23 AM Case Analysis Summary Positive 0 Distinguished 0 Caution 0 Superseded 0 Negative 0 Total 0 Direct History Summary Caution 0 Negative 0 Total 0 Pagination defendant General Electric Company (GE) (NYSCEF * BL Doc. No. (NYSCEF) 23, affirmation of defendants' counsel, exhibit A [amended complaint], ¶¶ 17-19). Majority Opinion > GE is a New York corporation based in Boston, Massachusetts ( id., ¶ 20). Defendants Jeffrey R. SUPREME COURT OF NEW YORK, NEW YORK Immelt, Sebastien N. Bazin, W. Geoffrey Beattie, John COUNTY J. Brennan, Francisco D'Souza, Marijn E. Dekkers, John L. Flannery, Edward P. Garden, Peter B. Henry, Susan J. Hockfield, Andrea Jung, Risa Lavizza- RICHARD GAMMEL, HOWARD LASKER, MICHAEL Mourey, Rochelle B. Lazarus, Steven M. Mollenkopf, BERNSTEIN IRA, Plaintiff, - v - JEFFREY IMMELT, James J. Mulva, James E. Rohr, Mary L. Schapiro, SEBASTIEN BAZIN, W BEATTIE, JOHN BRENNAN, James S. Tisch, and Lowell C. McAdam (collectively, FRANCISCO DSOUZA, MARIJN DEKKERS, JOHN the Director Defendants) are either current or former FLANNERY, EDWARD GARDEN, PETER HENRY, members of GE's board of directors (the Board) and SUSAN HOCKFIELD, ANDREA JUNG, RISA the committees, including the Audit Committee, the GE LAVIZZO-MOUREY, ROCHELLE LAZARUS, STEVEN Capital Committee, the Compensation Committee, and MOLLENKOPF, JAMES MULVA, JAMES ROHR, the Risk Committee, charged with overseeing GE's MARY SCHAPIRO, JAMES TISCH, LOWELL business operations ( id., ¶¶ 21-39). Apart from Immelt MCADAM, GENERAL ELECTRIC COMPANY, and Flannery, both of whom served as chief executive Defendant.
    [Show full text]