Greif, Inc.

Climate Impact & Sustainability Data (2020)

Total Carbon Emissions:1282400 tCO2e/year (Scope 1 & 2)

Scope 1 Emissions:692900 tCO2e/year

Scope 2 Emissions:596700 tCO2e/year (market-based)

Scope 3 Emissions:3261000 tCO2e/year

Total Energy Consumption:5429912 MWh/year

Carbon Intensity:0.000284 metric tons CO2e per unit currency total revenue

Reduced GHG emissions 11% exceeding the FY2020 target in FY2019.
Completed 55 energy efficiency projects, reducing energy consumption by over 14.3 million kWh annually and saving $724,419.
Reduced CO2 emissions and energy costs saving $561,316 in Brazil through an energy rationing program.
Shifted 59% of energy use to renewable sources in Chile leading to 257 tons of CO2 savings.

Launched employee well-being program focused on employee engagement at the Flexible Products and Services (FPS) Hadımköy facility in Turkey, decreasing the scrap ratio from 12.1% to 9.7%, saving 413,900 kWh and €23,250 in costs.
Introduced the Michael J. Gasser Global Sustainability Award Program in 2010, recognizing teams that create innovative, sustainable products or processes that reduce or mitigate impact on the environment.

Established board-level oversight of climate-related issues.
Formed a Sustainability Steering Committee (SSC) in 2016 to establish a formal governance structure and provide broad organizational oversight of our sustainability program.
Integrated climate-related risks and opportunities into Greif’s Enterprise Risk Management (ERM) Process.

Long-term Goals:

Assess Scope 3 emissions and determine the feasibility of a long-term net zero emissions aspiration by the end of 2023.

Medium-term Goals:

Reduce absolute Scope 1 and Scope 2 GHG emissions 28 percent over a 2019 baseline by 2030.

Short-term Goals:

Reduce raw materials/logistical costs used to produce current product offering by 1% by 2025.
Move from non-green to green material sourcing if economically feasible and doing so provides high quality products to our customers by 2025.

Supply chain disruptions due to extreme weather events (hurricanes, derechos, tornadoes).
Raw material price volatility (steel, resin).
Increased cost of energy due to potential legislation, regulatory action and international treaties related to climate change.
Customers' increasing demand for sustainable packaging.
Reputational risk associated with climate change.

Established insurance coverage and redundancies in supply chain and manufacturing capabilities.
Launched Disaster Recovery/Business Continuity program.
Invested in machinery at an additional facility to ensure appropriate capacity.
Implemented light weighting and downgauging programs to reduce raw material use.
Developed sustainable packaging solutions (NexDrum, EcoBalance, GCube IBCs).
Increased use of renewable energy.
Improved energy efficiency in production and distribution processes.
Engaged with customers to understand their sustainability goals and develop products to meet their needs.
Conducted a Voice of the Customer study to understand customer expectations and needs.
Developed the Greif Green Tool to help customers estimate the emission impact of Greif solutions.

Supplier Audits: 100%

Supplier Code of Conduct
Sustainability measures in Supplier Scorecard, Supplier Selection Criteria, and Supplier Quality Audits.

Rising sea levels
Increased severity and frequency of extreme weather events (cyclones, floods, wildfires, drought)

Frameworks Used: GRI Standards Core requirements, TCFD