GE Vernova Inc

Common Name
GE Vernova
Country
United States
Sector
Industrials
Industry
Specialty Industrial Machinery
Employees
76,800
Ticker
GEV
Exchange
NEW YORK STOCK EXCHANGE, INC.
Description
GE Vernova Inc. is a diverse energy company focused on delivering innovative solutions across the global energy landscape. As a segment of General Electric specializing in energy technologies and powe...

GE Vernova's GHG Emissions Data Preview

In 2023, GE Vernova completed a corporate carbon footprint assessment and publicly disclosed its greenhouse gas (GHG) emissions according to the GHG Protocol, covering Scope 1 (direct emissions from owned or controlled sources), Scope 2 (indirect emissions from purchased energy), and Scope 3 (indirect emissions across the value chain).

GE Vernova has also provided a category-level breakdown for 1 out of 15 Scope 3 emissions categories, offering greater transparency into its value chain emissions.

Metric (tCO2e)2024202320222021 - 2017
Total Scope 1
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Total Scope 2
Market-Based
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Location-Based
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Total Scope 3
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This table provides a simplified preview of selected GHG emissions data points. To access the complete dataset with full disclosures, detailed breakdowns, and source traceability, create a free account to view purchase options.

Insights into GE Vernova's Operational Emissions

In 2023, the total operational greenhouse gas (GHG) emissions of GE Vernova amounted to 617,881 metric tons of CO2 equivalent. This figure includes both direct emissions from owned or controlled sources (Scope 1) and indirect emissions from purchased energy (Scope 2).

Compared to 2022, the total operational greenhouse gas (GHG) emissions of GE Vernova increased by ∞%, suggesting that the company faced challenges in reducing its emissions from its core operations.

GE Vernova's Scope 1 Emissions Over Time

201920222023095 k190 k285 k380 ktCO2e
  • Total Scope 1
  • Year-over-Year Change

What are GE Vernova's Scope 1 emissions?

In 2023, the total Scope 1 emissions of GE Vernova were 239,588 metric tons of COâ‚‚ equivalent (tCOâ‚‚e).

Has GE Vernova reduced its Scope 1 emissions over time?

Since 2019, GE Vernova's Scope 1 emissions have decreased by 34.82%, reflecting a declining long-term trend in Scope 1 emissions over time.

What are GE Vernova's Scope 2 emissions?

In 2023, GE Vernova reported Scope 2 greenhouse gas (GHG) emissions of 299,566 tCOâ‚‚e using the market-based method, and 378,293 tCOâ‚‚e using the location-based method.

Has GE Vernova reduced its Scope 2 emissions over time?

Since 2019, GE Vernova's Scope 2 greenhouse gas (GHG) emissions (Location-Based) have decreased by 32.31%, reflecting a declining long-term trend in Scope 2 emissions over time.

What methodology does GE Vernova use for Scope 2 reporting?

In 2023, GE Vernova reported its Scope 2 emissions using the market-based method and using the location-based method.

GE Vernova's Scope 2 Emissions Over Time

2019202220230150 k300 k450 k600 ktCO2e
  • Total Scope 2 Location-Based
  • Total Scope 2 Market-Based

Insights into GE Vernova's Value Chain Emissions

In 2023, GE Vernova reported 1,118,000,000 metric tons of COâ‚‚ equivalent (tCOâ‚‚e) of Scope 3 greenhouse gas (GHG) emissions, representing indirect emissions across its upstream and downstream value chain.

The 2023 disclosure of GE Vernova includes a breakdown across 1 of the 15 Scope 3 categories defined by the GHG Protocol, matching the level of disclosure in 2022, demonstrating consistent Scope 3 emissions reporting coverage year over year.

GE Vernova's Scope 3 Emissions Over Time

2019202220230550 M1.1 B1.65 B2.2 BtCO2e-59%+31%
  • Total Scope 3
  • Year-over-Year Change

What are GE Vernova's Scope 3 emissions?

In 2023, GE Vernova reported total Scope 3 emissions of 1,118,000,000 metric tons of COâ‚‚ equivalent (tCOâ‚‚e).

Approximately 0% of these emissions originated from upstream activities such as purchased goods and capital goods, while 100% came from downstream activities like product use, distribution, and end-of-life treatment.

Has GE Vernova reduced its Scope 3 emissions over time?

Since 2019, GE Vernova's Scope 3 emissions have decreased by 45.81%, reflecting a declining long-term trend in Scope 3 emissions over time.

Compared to the previous year (2022), GE Vernova's Scope 3 emissions increased by 31.37%, suggesting that the company faced challenges in reducing emissions across its value chain.

What categories of Scope 3 emissions does GE Vernova disclose?

In 2023, GE Vernova reported emissions for 1 out of the 15 Scope 3 categories defined by the GHG Protocol.

The limited disclosure restricts visibility into specific emission sources across the company's value chain.

What are the main sources of GE Vernova's Scope 3 emissions?

In 2023, the largest contributors to GE Vernova's Scope 3 emissions were:

  • Use of Sold Products (Cat. 11): 1,118,000,000 tCOâ‚‚e (100%)

GE Vernova's Scope 3 Emissions by Categories

Use of Sold Products(Cat. 11)(100.0%)

Insights into GE Vernova's Total Carbon Footprint

In 2023, GE Vernova reported a total carbon footprint of 1,118,617,881 metric tons of COâ‚‚ equivalent (tCOâ‚‚e) across Scope 1, Scope 2, and Scope 3 emissions. This represents a 31.45% increase compared to 2022, suggesting a rise in emissions across its operations or value chain.

The largest contributor to GE Vernova's total carbon footprint was Scope 3 emissions, accounting for 99.94% of the company's total carbon footprint, followed by Scope 2 emissions at 0.03%.

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