GE (or General Electric) (2015 – Present)

General Electric (“GE”) is one of the most iconic U.S. industrial brands serving critical global infrastructure end markets.

In October 2015, Trian announced its investment in GE. In October 2017, Trian’s Chief Investment Officer and a Founding Partner, Ed Garden, was elected to the GE board of directors.

Trian has been working closely and constructively with CEO and Chairman John Flannery, as John provides transparency around the company’s challenges and sets in motion various initiatives to improve operating performance and create long-term shareholder value.

Sector: Industrial

Fun Fact: Thomas Edison’s experiments with plastic filaments for light bulbs in 1893 led to the first GE Plastics department, created in 1930

Company Website: http://www.ge.com/

ESG Highlights:

  • Board Refreshment: Following the April 2018 shareowners meeting, GE’s board was reduced from 18 directors to 12 directors. Three new directors joined the board including Larry Culp, former CEO of Danaher
  • Favorable ISS Governance Score: Received a 3 on ISS’s QualityScore metric (as of April 1, 2018), the third-highest possible score (out of 10)
  • Ecomagination: GE’s ecologically-focused business strategy has generated $270 billion in revenues from Ecomagination solutions through 2016
  • Conservation: GE has reduced the use of freshwater by more than 29% through 2016 surpassing its goal of a 20% reduction by 2020 on an adj. 2011 baseline
  • Corporate Ethics: Recognized by Ethisphere as one of the World’s Most Ethical Companies for 11 consecutive years (2007–2017)
  • Emissions Reduction: GE has reduced greenhouse gas emissions by 18% through 2016 from an adj. 2011 baseline and plans an additional 20% reduction through 2020
  • Diversity: In 2017, launched the “Balance the Equation” initiative with the goal of having 20,000 women in STEM roles by 2020 and obtaining 50% representation for women in GE’s technical entry-level programs
  • GE Volunteers: Since 2005, GE employees and retirees have reported more than 12 million hours spent volunteering on more than 57,000 projects spanning 66 countries

For more information on ESG initiatives at GE, please visit http://www.gesustainability.com/

Trian Board Member