New targets set ambitious goals focused on people, planet,
and communities.
DELAWARE, Ohio, Dec. 14,
2022 /PRNewswire/ -- Greif, Inc. (NYSE: GEF, GEF.B),
a global leader in industrial packaging products and services,
announced today ambitious new sustainability targets, reinforcing
the company's commitment to building a more sustainable and
equitable future.
These targets set specific and measurable goals that build on
the company's announcement in 2021 to reduce absolute Scope 1 and 2
greenhouse gas (GHG) emissions 28% by the end of the decade.
The broader sustainability focus for the company continues to be
advancing a circular economy, reducing greenhouse gas emissions,
and championing diversity, equity & inclusion initiatives.
By 2030, Greif aims to:
- Reach Zero Waste to Landfill at 97% of its Production
Facilities
By reducing, recycling, composting, reusing, and
incinerating with energy recovery, Greif targets 97% of its
production facilities achieving zero-waste to landfills by
2030.
- Make 100% of its Products Recyclable
Working across a
vast portfolio of raw materials and products, Greif recyclability
targets will be benchmarked by weight, consolidated at a company
level.
- Achieve an Average of 60% Recycled Raw Material Content
Across Products
Recycled content targets for Greif products
are minimum averages benchmarked across a portfolio of materials
and products by weight, consolidated at a company level.
- Attain Global Gender Pay Parity
Greif is on track to
ensure colleagues receive equal pay for equal work by 2024 and is
committed to maintaining gender pay parity.
- Evaluate the Sustainability Performance for 80% of Total
Spend with Suppliers
By aiming to increase the evaluation of
the sustainability performance of its suppliers, Greif can have a
greater impact across its value chain.
"These 2030 targets reflect our determination as a global
company to do our part in building a more sustainable future for
our people and the planet," said Ole
Rosgaard, President and Chief Executive Officer of Greif.
"Together, they create a roadmap to success for our customers,
colleagues, and the communities in which we operate and serve."
Sustainability is a core value for Greif and remains an integral
part of how the company does business. These new targets build upon
previous sustainability targets and reflect a companywide
initiative to align its sustainability efforts with the latest
science and the needs of its customers, stakeholders, and
suppliers.
For more information on Greif's commitment to sustainability and
ESG initiatives, visit greif.com/sustainability.
About Greif, Inc.
Greif is a global leader in industrial packaging products and
services and is pursuing its vision: be the best performing
customer service company in the world. The Company produces steel,
plastic and fibre drums, intermediate bulk containers,
reconditioned containers, containerboard, uncoated recycled
paperboard, coated recycled paperboard, tubes and cores and a
diverse mix of specialty products. The Company also manufactures
packaging accessories and provides filling, packaging and other
services for a wide range of industries. In addition, Greif manages
timber properties in the southeastern United States. The Company is strategically
positioned in over 35 countries to serve global as well as regional
customers. Additional information is on the Company's website
at www.greif.com.
Concerning Forward-Looking Statements
This release contains forward-looking statements and other
statements about future expectations, prospects, estimates and
other matters that are dependent upon future events or
developments. These forward-looking statements may be identified by
words such as "aim," "achieve," "intend," "plan," "reach," "will,"
"should," "could," "would," "project," "continue," "likely," and
similar expressions, and include statements reflecting future
results, trends or guidance and statements of outlook. All
forward-looking statements are based on assumptions, expectations
and other information currently available to management. All
forward-looking statements are subject to certain risks and
uncertainties that could cause actual results to differ materially
from those forecasted, projected or anticipated, whether expressed
or implied. Greif is subject to additional risks and uncertainties
described in its Form 10-K, Form 10-Q and Form 8-K reports and
exhibits to those reports. This release reflects management's views
as of December 14, 2022. Except to
the extent required by applicable law, Greif undertakes no
obligation to update or revise any forward-looking statement.
Investor Contact:
Matt Leahy
740-549-6158
matthew.leahy@greif.com
Media Contact:
TJ Struhs
207-956-2304
tj.struhs@greif.com
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SOURCE Greif, Inc.