General Electric Company is a Humankind 100 company whose ranking is based on its Humankind Value, a proprietary metric that provides an estimate of the overall dollar amount a company creates for investors, consumers, employees, and society at large.
General Electric Co. focuses on four areas: healthcare, aviation, power, and renewable energy. Founded by Thomas Edison as The General Electric Company, the company today aims to “rise to the challenge of building a world that works.” It does this by improving healthcare outcomes, making renewable power sources more accessible, making sustainability improvements, and more.
(All values are in US Dollars, where M=Million, B=Billion, T=Trillion.)
Medical device research and development is responsible for substantive gains in quality and length of life. Devices help medical professionals detect more illnesses sooner and with less invasive procedures. General Electric is responsible for positive Humankind Value, in large part due to Medical Devices ($140.9 B), Economic Value ($19.4 B), and Medical Services ($14.5 B). It is in our top ten for Medical Devices. General Electric’s value associated with Medical Devices and Medical Services includes the annual impact of about 3,223,403.5 additional life years for people worldwide. It also adds economic value by offering to consumers goods and services that they value, paying employees for their labor in producing these goods and services, and providing value for shareholders. The Humankind Value of this company could improve if it reduced its impact on Air Pollution (-$11.7 B) and Greenhouse Gases (-$10.1 B). We attribute Economic Value, Medical Services, Air Pollution, and Greenhouse Gases to the actions of General Electric’s supply chain partners, and we attribute Medical Devices to its direct business activities.