Founded in 1889, General Electric (GE) is an multinational company headquartered in Boston, Massachusetts. It is best known for its work in the Power, Renewable Energy, Aviation and Healthcare industries. One-third of the world’s energy is created by GE, 90% of power transmission utilities worldwide are equipped with its technology, and 40% of the world’s energy is managed by their software.
GE’s reach is global. Their relationship with countries that have robust energy sectors, such as Qatar, has been well documented. In 2007, GE Oil & Gas technology played a significant role in the successful launch of RasGas Company Limited’s LNG train 5. This project has aided Qatar in achieving the goal of being the world’s largest LNG producer. GE Aviation has also invested in Doha through their repair collaboration with Qatar Airways.
One of GE’s long term goals is to make impactful changes to the world around them. Their mission is to “rise to the challenge of building a world that works.” They are using their considerable influence to address pressing issues such as climate change. By 2030, GE plans to be entirely carbon neutral by reducing direct emissions and energy use during operations. They have also announced their exit from the new build coal power market to focus on their core businesses of renewable energy and power generation.
GE’s commitment to sustainability is shown through their Environmental, Social and Governance (ESG) Committee. This year, the committee has selected Integrity & Compliance, Human Rights, and Climate & Energy as some of their priorities.