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Frequently Asked Questions

Q1: What are some of the key compliance policies outlined in the document?

A1: Some of the key compliance policies outlined in the document include: - Acceptable Use - Anti-Money Laundering - Conflicts of Interest - Cybersecurity - Environment, Health & Safety - Fair Competition - Human Rights - Improper Payments Prevention - Insider Trading and Stock Tipping - Intellectual Property - International Trade Compliance - Open Reporting - Privacy - Quality - Reporting and Recordkeeping - Respectful Workplace - Security - Supplier Relationships - Working with Governments These policies are part of the Spirit & Letter compliance policies that apply to all employees in every business worldwide.

Q2: How does the document assess the strength of GE Vernova's Human Rights program?

A2: The document assesses the strength of GE Vernova's Human Rights program by evaluating various factors such as corporate commitment demonstrated through policies and reporting lines, diligence in terms of risk identification and management, remedy processes and outcomes, as well as disclosure practices. The assessment revealed both strengths and areas for improvement, which were used to develop a detailed plan to enhance the program. Additionally, the Human Rights program at GE Vernova continues to prioritize, manage, and monitor risk areas based on the findings of the assessment.

Q3: What were the findings of the issues assessment conducted by GE in 2021?

A3: The findings of the issues assessment conducted by GE in 2021 identified 15 priority issues across the Power and Renewable Energy businesses. The assessment helped guide sustainability, human rights, and governance priorities and strategies within the organization.

Q4: Who were some of the notable participants at the ceremony where the CSO presented on the role of Hydrogen in the Energy Transition?

A4: Some of the notable participants at the ceremony where the CSO presented on the role of Hydrogen in the Energy Transition were Dr. Fatih Birol, Executive Director of the IEA; Mr. Kim, Sang-hyup, Chairman of Presidential Commission on Carbon Neutrality and Green Growth; Mr. Kang, Kyung-sung, 2nd Vice Minister of Ministry of Trade, Industry and Energy (MOTIE); and David Livingston, senior advisor in the office of the Special Presidential Envoy for Climate, John Kerry.

Q5: What are some of the planned enhancements mentioned in the document to strengthen integrity and compliance at GE Vernova?

A5: Some of the planned enhancements mentioned in the document to strengthen integrity and compliance at GE Vernova include upgrading the Open Reporting hotline and case management tool, revitalizing the S&L to address new emerging risks, launching ethical decision-making as part of the leader's guide to integrity, and providing revised training courses that underscore the importance of Ethics and Compliance at GE Vernova. Additionally, there are mentions of rigorous internal controls and accounting processes to prevent violations of company policy and increased due diligence concerning improper payment risks associated with mergers, acquisitions, and joint ventures.