ADVOCACY
ELECTRIFY AND DECARBONISE: GE VERNOVA’S BLUEPRINT FOR A JUST ENERGY TRANSITION
With a mission to electrify and decarbonise the global energy landscape, GE Vernova promotes a just energy transition rooted in sustainable and equitable access to power.
Scott Strazik, chief executive officer, GE Vernova
G E Vernova’s driving mis- sion is to electrify and decarbonise the world. Our Sustainability framework, rooted in this purpose, is guided by four key pillars that support our vision for a just and sustainable energy future: ● Electrify: Catalyse access to more secure, sustainable, reliable and affordable electricity, and help drive global economic development ● Decarbonise: Invent, deploy and service the technology to decarbon- ise and electrify the world ● Conserve: Innovate more while using less, safeguarding natural resources. ● Thrive: Advance safe, responsible and equitable working conditions in our operations and across our value chain. As a newly independent global leader in the power industry, GE Vernova’s technology base helps generate ~25% of the world’s electricity. Through a diverse portfolio of products and solu- tions, we aim to drive electrification to support large-scale decarbonisation by enhancing energy efficiency, renewa- ble integration, and grid resiliency and reliability. We are committed to a just energy transition, focusing on effec- tive and equitable solutions to provide
access to lower carbon energy sources for people everywhere. Guided by ‘the energy trilemma’ – the challenge of achieving a more sustainable, relia- ble and affordable energy transition – GE Vernova is focused on building a sustainable future through strategic investments and collaborations, ensur- ing an inclusive decarbonisation that empowers communities to thrive and fosters economic growth. GE Vernova’s role in the Mendoza Col- lective Action Summit in Argentina in early 2025 illustrates this. The event will seek to have selective participation from public interest, advocacy, pub- lic sector, academic and private sector stakeholders, with a focus on emerging economies. Coming out of this sum- mit, we aim to unveil metrics, goals and actionable recommendations to con- sistently track progress and introduce a strategic plan to address the energy tri- lemma throughout 2025. To advance a just transition, GE Ver- nova has developed a comprehensive method to assess progress in emission reduction, supporting our Conserve pillar. We have committed to achieving net zero in our Scope 1 and 2 emissions by 2030 through both absolute carbon emissions reductions, and the poten- tial use of high-quality carbon offset and removal credits in the future. For Scope 3, we aim to reach net zero by 2050 for emissions from use of our sold prod- ucts, supported by global collaboration, proactive policies and advanced tech- nology. Meeting this target will require
continued investment in breakthrough technologies, large-scale deployment across our sold products and infrastruc- ture development. Accelerating decarbonisation and achieving electrification goals require new power generation to lower car- bon intensity, avoid carbon emissions and deploy adaptable technologies for future carbon reductions. These near- term targets aim to impact the climate trajectory and pave the way for achiev- ing long-term goals. With that in mind, we intend to report on all our Scope 1, 2 and 3 emissions, with three core met- rics guiding our Scope 3 efforts: carbon intensity, avoided carbon and carbon capability. This standardisation is intended to improve transparency and highlight collaboration opportunities to drive systemic change. We thus aim to enhance lower carbon energy access and foster a more sustainable future where people can thrive. Achieving deep decarbonisation in the com- ing decades will require scaling emerging technologies, investing in innovation and leveraging public- private partnerships to align policies and infrastructure with technology advances. Reinforcing this approach, GE Ver- nova is dedicated to modernising energy transmission infrastructure to integrate renewable energy sources and improve grid resilience. By advanc- ing smart grids and AI-optimised networks, we aim to enhance reliabil- ity and support global electrification.
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Financing a Just Transition
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