DELAWARE, Ohio, April 22,
2021 /PRNewswire/ -- Greif, Inc. (NYSE: GEF, GEF.B), a
global leader in industrial packaging products and services, today
announced it has set a new goal to reduce its absolute Scope 1 and
2 greenhouse gas (GHG) emissions 28% by 2030. This target aligns to
the prevailing climate science limit of keeping global warming to
well below 2 degrees Celsius. The Company will also further
investigate its Scope 3 GHG emissions and make a determination
about pursuing a net-zero carbon aspiration by the end of 2023.
Greif's new goal builds upon the Company's near 15-year commitment
to sustainability and an 11% emissions reduction per unit of
production achieved in 2019.
Pete Watson, Greif's President
and Chief Executive Officer, commented, "At Greif, we are committed
to being a conscientious global citizen, a responsive community
neighbor and a responsible steward of our natural resources. As a
packaging leader, it is our responsibility to safeguard the
resources provided to us and to minimize our impact on the
environment. We will continue to seek out ways to advance our
sustainability commitment for the benefit of future
generations."
Greif will pursue a strategic approach to achieving its new goal
by building upon its existing investments in energy efficient
equipment and by examining options to further utilize other
alternative energy sources. In addition, the Company will partner
with Schneider Electric's Energy & Sustainability Services team
to source offsite, large-scale renewable energy.
"The urgency of climate change and its impacts makes taking
science-based climate action the business imperative of the
decade," said John Hoekstra, Vice
President of Sustainability and Renewable Energy at Schneider
Electric. "Greif's new carbon reduction goal will accelerate this
transition in the packaging industry and we're proud to be their
partner in the journey."
Greif is also committed to helping its customers meet their own
decarbonization and resource conservation goals through circular
economy practices. These efforts focus on producing products that
are lighter weight and utilize fewer virgin raw materials and more
recycled content while continuing to meet high performance
standards. The Company developed the Greif Green Tool, a lifecycle
assessment (LCA)-based calculator that provides customers the
ability to select the most environmentally-friendly packaging
products, in turn helping them to meet their own sustainability
targets. Learn more about the Greif Green Tool here.
About Greif, Inc.
Greif is a global leader in industrial packaging products and
services and is pursuing its vision: In industrial packaging, be
the best performing customer service company in the world. The
Company produces steel, plastic and fibre drums, intermediate bulk
containers, reconditioned containers, flexible products,
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 40 countries to serve
global as well as regional customers. Additional information is on
the Company's website at www.greif.com.
Contact:
Matt Eichmann
740-549-6067
matt.eichmann@greif.com
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SOURCE Greif, Inc.