FAIRFIELD, Conn.--(BUSINESS WIRE)--Sept. 3, 2004--GE today announced that it has been added to the Dow Jones Sustainability World Index (DJSI World). The index consists of more than 300 companies representing the top 10% of the leading sustainability companies in 60 industry groups across 34 countries. These companies are selected out of the largest 2500 companies in the Dow Jones Global Indexes.
"The Index recognizes GE's commitment to being a 'good' as well as a 'great' company," said Jeff Immelt, GE's Chairman and CEO.
In order to be added to the DJSI, GE underwent an in-depth assessment, administered by the Sustainable Asset Management Group. This assessment explored GE's performance on three dimensions - economic, environmental and social - and evaluated corporate performance in areas such as:
-- Sustainability expertise -- Environmental management and performance -- Social issues (human resources, employee satisfaction) -- Ethical products and services
The DJSI component changes will be effective with the opening of equity markets on September 20th. Inclusion will influence the investment decisions of asset managers in 14 countries who have licensed the DJSI family as objective benchmarks for a variety of sustainability-driven portfolios. Currently, approximately $3.6 billion is managed in DJSI-based funds.
For more information on the DJSI, please refer to www.sustainability-indexes.com to find a review presentation, the full list of member companies, a guide describing the assessment and selection process, and further information concerning the DJSI Family.
GE (NYSE:GE) is a diversified technology, media and financial services company dedicated to creating products that make life better. From aircraft engines and power generation to financial services, medical imaging, television programming, and plastics, GE operates in more than 100 countries and employs more than 300,000 people worldwide. For more information, visit the company's Web site at http://www.ge.com.
Caution Concerning Forward-Looking Statements
This document contains "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements may be identified by words such as "expects," "anticipates," "intends," "plans," "believes," "seeks," "estimates," "will" or words of similar meaning and include, but are not limited to, statements about the expected future business and financial performance of GE. Forward-looking statements are based on management's current expectations and assumptions, which are inherently subject to uncertainties, risks and changes in circumstances that are difficult to predict. Actual outcomes and results may differ materially from these expectations and assumptions due to changes in global political, economic, business, competitive, market, regulatory and other factors. We undertake no obligation to publicly update or review any forward-looking information, whether as a result of new information, future developments or otherwise. This presentation includes certain non-GAAP financial measures as defined under SEC rules. As required by SEC rules, we have provided a reconciliation of those measures to the most directly comparable GAAP measures, which is available in this press release.
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CONTACT:
General Electric, Fairfield
David Frail, 203-373-3387