GE Vernova has positioned itself as a leader in the global energy transition, emphasizing decarbonization, renewable energy, and social sustainability initiatives. These goals should be pursued with financial discipline consistent with the Company’s fiduciary duties. However, review of the Company’s “2024 Sustainability Report” suggests that many of its major sustainability goals have been adopted or maintained without the type of traditional financial analysis—net-present value (NPV) or return-on-investment (ROI)—that would typically guide corporate decision-making for long-term capital allocation. For example, GE Vernova’s goal to achieve carbon neutrality for Scope 1 and 2 emissions by 2030 and net zero for Scope 3 emissions by 2050 represents a substantial corporate obligation. Yet the Company provides no disclosure of expected costs, payback periods, or projected impact on shareholder value. Similarly, its significant investment—approximately $1.2 billion in research and development in 2024—to pursue “breakthrough technologies” such as small modular nuclear reactors, hydrogen fuel, carbon capture, and direct air capture is described in aspirational terms, without accompanying ROI analysis or economic feasibility assessment. The report also highlights expanded investments in wind and hybrid renewable technologies. However, the Company’s disclosures make no reference to cost-benefit analyses or internal rate of return evaluations that would demonstrate how such expenditures enhance long-term enterprise value. Additionally, the Company’s commitments to expansive human rights, social, and employee culture initiatives—such as adherence to multiple international frameworks (UNGP, OECD Guidelines, and UN SDGs) and the establishment of a global Culture & Inclusion Council—are presented without disclosure of their financial implications, projected returns, or measurable productivity impacts, underscoring the apparent absence of NPV or ROI analysis even in programs that may require significant ongoing expenditure. This pattern raises a governance concern. Absent clear financial evaluation, shareholders cannot assess whether these initiatives enhance or dilute value. The current sustainability governance structure—apparently anchored in an executive-led Sustainability Council—does not appear to include any oversight committed to ensuring that sustainability decisions are supported by rigorous economic analysis comparable to other strategic investments. The requested report would provide such oversight. Producing the requested report would not restrict management’s ability to pursue sustainability objectives, but it would require the Company to apply consistent financial discipline and transparency to those commitments or at least acknowledge when it will not or cannot. Requiring such oversight would strengthen accountability, align sustainability investments with shareholder interests, and ensure that the Company’s environmental and social strategies are economically sustainable as well as operationally sound. It would also position GE Vernova as a governance leader among energy companies integrating sustainability into fiduciary frameworks. For these reasons, shareholders are urged to vote FOR this proposal.(1) https://www.gevernova.com/sustainability/documents/Sustainability/ge-vernova-sustainability-report-2024.pdf