GE Vernova Inc

The GE Board's Governance & Public Affairs Committee (GPAC) had primary oversight of the company's priorities and external reporting related to sustainability and ESG matters. This included supporting the full GE Board's oversight of strategy, risks, and opportunities related to climate change. The GPAC also oversaw political spending and lobbying, human rights and environmental, health and safety matters. [...] The GE Vernova Board has also delegated specific risk responsibility to its four committees, the members of which are all independent directors. [...] NOMINATING AND GOVERNANCE COMMITTEE Devoted primarily to reviewing, defining, and articulating the company's governance structure and practices. This committee resolves conflicts of interest involving a GE Vernova director or an executive officer, and reviews and considers shareholder proposals and director nominees, if received. This committee also oversees GE Vernova's political spending and lobbying activities, and contributions to trade associations and other tax-exempt and similar organizations that may engage in political activity. [...] SAFETY AND SUSTAINABILITY COMMITTEE Responsible for overseeing the company's environmental, health, and safety programs and initiatives, as well as sustainability matters, including those related to environmental issues and climate change. The committee reviews external sustainability reporting, including the disclosure of climate change risks and opportunities and other sustainability issues, as well as significant political, legislative, regulatory, and public policy trends in sustainability that could affect the company's business operations, performance and reputation.

The Governance Committee, composed solely of independent directors, oversees the Company's public policy and government relations activities, including policies and guidelines regarding political contributions and lobbying activities, and external reporting on such activities. This includes political and campaign contributions as well as any contributions to trade associations and other tax-exempt and similar organizations that may engage in political activity, including climate-related public policy. For more information on Board oversight [...] In addition to robust board oversight, GE has significant management-level oversight over environmental and political activities. Our climate change and energy transition programs and policies are overseen by GE's Chief Sustainability Officer (CSO). The CSO has day-to-day responsibility for climate change and sustainability matters and works closely with the Head of Government Affairs and Policy, GE's International Market team, and representatives in relevant businesses—allowing for even greater synergies and alignment of our lobbying activities with our climate strategy. As described elsewhere, the CSO also works closely with environmental NGOs, think tanks, industry coalitions, trade associations and other stakeholders to advance these policies.

As described below on page 51, the GE Board of Directors (Board) exercises oversight and provides direction on GE's sustainability strategy, and the Governance & Public Affairs Committee in coordination with the Audit Committee oversees external reporting on sustainability matters, including this report. [...] The Governance Committee also plays an important role in GE's sustainability oversight, and has primary oversight of GE's priorities and external reporting related to sustainability/ESG matters, as well as policies and strategies related to political spending and lobbying, human rights, and environment, health and safety. [...] The Governance Committee, composed solely of independent directors, oversees the company's political spending and lobbying activities, including external reporting on such activities. This includes political and campaign contributions as well as any contributions to trade associations and other tax-exempt and similar organizations that may engage in political activity. The Governance Committee is responsible for the following: - **Policy oversight. A yearly review of GE's political spending policies and lobbying practices.** - **Budget oversight. Approval of GE's annual budget for political activities.** - **Reporting. Reviewing semi-annual updates on political spending, both through company expenditures and through the employee-managed political action committee (GEPAC).** GE currently discloses the names of all trade associations receiving more than $50,000 from the company, including the portion of the company's payment used for lobbying or political expenditures, as well as any contributions to 501(c)(4)s, beginning with contributions made in 2018. GE's political spending has declined in recent years and, in 2022, GE did not contribute any corporate funds to political campaigns, committees or candidates for public office. In this year's Sustainability Report, we are again providing a description of how GE's climate lobbying activities align with the [...] Where we see trade associations potentially advocate for a position different than ours with regard to climate policy, including if a position is misaligned with the goals of the Paris Climate Agreement, we begin by reaching out to the trade association to assert influence toward alignment. Our goal is to communicate in real time and express our positions toward positive change. On these occasions, we have typically found fair reception of our input by the relevant trade associations. We believe this is a better approach than withdrawing membership when disagreements arise as our continued membership in the trade association usually positions us to influence the trade association's policy positions in ways that better align with our objectives. We believe our continued work with trade associations [...]

### Nominating and Governance Committee

Devoted primarily to reviewing, defining, and articulating the company's governance structure and practices. This committee also oversees GE Vernova's political spending and lobbying activities, and contributions to trade associations and other tax-exempt and similar organizations that may engage in political activity.

The result of this effort is a new sustainability management system that the team calls "the Control Room," inspired by the concept of control rooms in the power sector, "a place of unflappable professional execution in operating what's been described as the planet's most complex machine, the electric grid," says Roger Martella, GE Vernova's chief sustainability officer and head of government affairs. "The execution of our Control Room and the sharing of our inaugural Sustainability Report are the culmination of work that began over a year before GE Vernova's legal creation." At the outset, more than 30 employees from all functions, businesses, and regions came together in Brussels, Belgium, with scores of ideas, but Martella recalls that all of them agreed on one thing: "Before we could succeed in our goals, we had to first create the system." The GE Vernova Control Room calls for continuous improvement and engagement with the company's external and internal stakeholders to evolve and foster real, measurable progress on solving the world's sustainability challenges.

The Safety and Sustainability Committee is responsible for oversight of our environmental, health, and safety programs, as well as oversight of sustainability matters, including those related to environmental issues and climate change. In furtherance of this responsibility, as set out more fully in the Safety and Sustainability Committee charter, the Safety and Sustainability Committee performs certain functions, including: overseeing the Company's environmental, health, and safety programs; overseeing the Company's sustainability programs, policies, and goals and its progress towards achieving those goals; reviewing and overseeing the Company's sustainability program initiatives, position on issues of corporate social responsibility, public policy statements, and external sustainability reporting, including the disclosure of climate change risks and opportunities and other ESG issues; and reviewing significant political, legislative, regulatory, and public policy trends in sustainability that could impact the Company's business operations, performance, and reputation.

As described below on page 51, the GE Board of Directors (Board) exercises oversight and provides direction on GE's sustainability strategy, and the Governance & Public Affairs Committee in coordination with the Audit Committee oversees external reporting on sustainability matters, including this report. [...] The Governance Committee also plays an important role in GE's sustainability oversight, and has primary oversight of GE's priorities and external reporting related to sustainability/ESG matters, as well as policies and strategies related to political spending and lobbying, human rights, and environment, health and safety. [...] The Governance Committee, composed solely of independent directors, oversees the company's political spending and lobbying activities, including external reporting on such activities. This includes political and campaign contributions as well as any contributions to trade associations and other tax-exempt and similar organizations that may engage in political activity. The Governance Committee is responsible for the following: - **Policy oversight. A yearly review of GE's political spending policies and lobbying practices.** - **Budget oversight. Approval of GE's annual budget for political activities.** - **Reporting. Reviewing semi-annual updates on political spending, both through company expenditures and through the employee-managed political action committee (GEPAC).** GE currently discloses the names of all trade associations receiving more than $50,000 from the company, including the portion of the company's payment used for lobbying or political expenditures, as well as any contributions to 501(c)(4)s, beginning with contributions made in 2018. GE's political spending has declined in recent years and, in 2022, GE did not contribute any corporate funds to political campaigns, committees or candidates for public office. In this year's Sustainability Report, we are again providing a description of how GE's climate lobbying activities align with the [...] GE's efforts on climate change and the energy transition start with GE's strong support for the Paris Climate Agreement commitments and other ambitious targets to reduce greenhouse gas emissions, including GE's climate change goals. Below we describe GE's direct and indirect policy engagement and lobbying on climate change, which we believe are in alignment with the Paris Climate Agreement goals. [...] LOBBYING Advocacy Through Organizations and Associations We support associations that are leading on climate change solutions, policies and technologies, including nonprofit organizations and trade associations. We partner formally and informally with numerous associations and NGOs around the world that share the mission of addressing climate change, decarbonizing industrial sectors and promoting sustainable development. For example: - GE is one of the founding strategic partners of the non-profit Center for Climate and Energy Solutions (C2ES), an original member of its Business Environmental Leadership Council and a member of its Board of Directors. GE participates in C2ES research and supports C2ES' mission to "advance strong policy and action to reduce GHGs, promote clean energy and strengthen resilience to climate impacts." - GE is an active member of the American Clean Power Association (ACP) and sits on its Board of Directors. ACP is the leading federation of renewable energy companies expediting the advancement of clean energy in the United States. - GE is a member of the Carbon Capture Coalition, a nonpartisan collaboration of more than 80 businesses and organizations building federal policy support to enable economy-wide, commercial-scale deployment of carbon capture technologies. Examples of collaboration with diverse public and private stakeholders in 2022 and 2023 are summarized on pages 31 and 43. [...] Trade Associations As one of the largest and most diverse companies in the world, GE belongs to many associations in which we work with our industry partners. These associations engage in advocacy at the state and federal levels in key jurisdictions around the world on a range of policy topics including energy and climate. Consistent with our direct lobbying, we believe our work with trade associations is in furtherance of, and consistent with, GE's climate change goals, including the goals [...] Annually, we meet with our major U.S. trade associations to review our policy priorities, including stressing the importance of each to align with the Paris Climate Agreement goals and be a force for positive action toward decarbonization and sustainable development goals. [...] Where we see trade associations potentially advocate for a position different than ours with regard to climate policy, including if a position is misaligned with the goals of the Paris Climate Agreement, we begin by reaching out to the trade association to assert influence toward alignment. Our goal is to communicate in real time and express our positions toward positive change. On these occasions, we have typically found fair reception of our input by the relevant trade associations. We believe this is a better approach than withdrawing membership when disagreements arise as our continued membership in the trade association usually positions us to influence the trade association's policy positions in ways that better align with our objectives. We believe our continued work with trade associations [...]

As described below on page 51, the GE Board of Directors (Board) exercises oversight and provides direction on GE's sustainability strategy, and the Governance & Public Affairs Committee in coordination with the Audit Committee oversees external reporting on sustainability matters, including this report. [...] The Governance Committee also plays an important role in GE's sustainability oversight, and has primary oversight of GE's priorities and external reporting related to sustainability/ESG matters, as well as policies and strategies related to political spending and lobbying, human rights, and environment, health and safety. [...] The Governance Committee, composed solely of independent directors, oversees the company's political spending and lobbying activities, including external reporting on such activities. This includes political and campaign contributions as well as any contributions to trade associations and other tax-exempt and similar organizations that may engage in political activity. The Governance Committee is responsible for the following: - **Policy oversight. A yearly review of GE's political spending policies and lobbying practices.** - **Budget oversight. Approval of GE's annual budget for political activities.** - **Reporting. Reviewing semi-annual updates on political spending, both through company expenditures and through the employee-managed political action committee (GEPAC).** GE currently discloses the names of all trade associations receiving more than $50,000 from the company, including the portion of the company's payment used for lobbying or political expenditures, as well as any contributions to 501(c)(4)s, beginning with contributions made in 2018. GE's political spending has declined in recent years and, in 2022, GE did not contribute any corporate funds to political campaigns, committees or candidates for public office. In this year's Sustainability Report, we are again providing a description of how GE's climate lobbying activities align with the [...] GE's efforts on climate change and the energy transition start with GE's strong support for the Paris Climate Agreement commitments and other ambitious targets to reduce greenhouse gas emissions, including GE's climate change goals. Below we describe GE's direct and indirect policy engagement and lobbying on climate change, which we believe are in alignment with the Paris Climate Agreement goals. [...] LOBBYING Advocacy Through Organizations and Associations We support associations that are leading on climate change solutions, policies and technologies, including nonprofit organizations and trade associations. We partner formally and informally with numerous associations and NGOs around the world that share the mission of addressing climate change, decarbonizing industrial sectors and promoting sustainable development. For example: - GE is one of the founding strategic partners of the non-profit Center for Climate and Energy Solutions (C2ES), an original member of its Business Environmental Leadership Council and a member of its Board of Directors. GE participates in C2ES research and supports C2ES' mission to "advance strong policy and action to reduce GHGs, promote clean energy and strengthen resilience to climate impacts." - GE is an active member of the American Clean Power Association (ACP) and sits on its Board of Directors. ACP is the leading federation of renewable energy companies expediting the advancement of clean energy in the United States. - GE is a member of the Carbon Capture Coalition, a nonpartisan collaboration of more than 80 businesses and organizations building federal policy support to enable economy-wide, commercial-scale deployment of carbon capture technologies. Examples of collaboration with diverse public and private stakeholders in 2022 and 2023 are summarized on pages 31 and 43. [...] Trade Associations As one of the largest and most diverse companies in the world, GE belongs to many associations in which we work with our industry partners. These associations engage in advocacy at the state and federal levels in key jurisdictions around the world on a range of policy topics including energy and climate. Consistent with our direct lobbying, we believe our work with trade associations is in furtherance of, and consistent with, GE's climate change goals, including the goals [...] Annually, we meet with our major U.S. trade associations to review our policy priorities, including stressing the importance of each to align with the Paris Climate Agreement goals and be a force for positive action toward decarbonization and sustainable development goals. [...] Where we see trade associations potentially advocate for a position different than ours with regard to climate policy, including if a position is misaligned with the goals of the Paris Climate Agreement, we begin by reaching out to the trade association to assert influence toward alignment. Our goal is to communicate in real time and express our positions toward positive change. On these occasions, we have typically found fair reception of our input by the relevant trade associations. We believe this is a better approach than withdrawing membership when disagreements arise as our continued membership in the trade association usually positions us to influence the trade association's policy positions in ways that better align with our objectives. We believe our continued work with trade associations [...]

Through this procedure all stakeholders, including employees and directors can raise a concern when seeing a situation in which integrity principles or policies (i.e., The Spirit & The Letter) are not being followed or do not appear of being followed. Anyone can report concerns about any actual or potential violation of law. Company holds its leaders accountable for creating a culture of compliance in which employees understand their responsibilities and feel comfortable raising concerns without fear of retaliation. Leaders' responsibilities span prevention, detection and response to compliance issuesas such employees are encouraged to raise integrity concerns. Confidentiality is strongly respected, but the program allows concern raiser to remain anonymous. If any employee faces any retaliation after reporting a concern or due to supporting an investigation, he/she can choose to speak or write to any of the channels made available, incl. the Chairman of the Audit Committee. The access to the Audit Committee is not restricted. Any retaliation — whether direct or indirect — against employees who raise a concern is grounds for discipline up to and including dismissal.