General Electric : Ethical, Social, And Environmental Standards And Practices

3806 Words16 Pages
“I 'm responsible for this company. I stand behind the results. I know the details, and I think the CEO has to be the moral leader of the company... I think high standards are good, but let 's not anybody be confused, it 's about performance with integrity. That 's what you have to do.” This quote is from Jeffrey Immelt the CEO and Chairman of the Board of General Electric. In this paper I will analyze General Electric’s (GE) ethical, social, and environmental standards and practices. This analysis will include, but is not limited to discussions about GE’s code of conduct, how the organization responds to social responsibility, the environmental standards they employ, and the culture within the organization.
In May 2014, Forbes compiled a list of the largest public companies in the world. In order to give a perspective on GE’s size, they ranked seventh overall behind several Chinese companies, JP Morgan Chase, Berkshire Hathaway, and Exxon Mobile, but ranked ahead of Wells Fargo, Royal Dutch Shell, and Apple. GE operates as an American multinational conglomerate. The main lines of business include various energy divisions, technology infrastructure, consumer finance, and consumer and industrial products. GE makes everything from light bulbs to jet engines. They are truly one of the world’s most powerful and recognizable brands. One of their most dominate divisions is their finance division, GE Capital. GE Capital’s division is run like an internal bank. If

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