- 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.
Greif, Inc.
Greenhouse gas emissions & sustainability report data
In its 2020 reporting, Greif, Inc. disclosed greenhouse gas emissions of 1.3M tCO2e/year (Scope 1 & 2). By scope: Scope 1: 692.9K tCO2e/year; Scope 2: 596.7K tCO2e/year (market-based); Scope 3: 3.3M tCO2e/year. Figures are as stated in the company's own report and may use different boundaries, units or methods (for example market-based vs location-based Scope 2), so compare with care.
GHG Emissions
1.3M tCO2e/year (Scope 1 & 2)
2020
Energy Use
5.4M MWh/year
2020
📊 Emissions by Scope (2020)
| Scope | What it covers | Reported value |
|---|---|---|
| Scope 1 | Direct emissions from sources the company owns or controls (fuel combustion, company vehicles, process and fugitive emissions). | 692.9K tCO2e/year |
| Scope 2 | Indirect emissions from purchased electricity, steam, heat and cooling. | 596.7K tCO2e/year (market-based) |
| Scope 3 | Other indirect emissions across the value chain (purchased goods, business travel, use of sold products, etc.). | 3.3M tCO2e/year |
New to scopes? Read Scope 1, 2 and 3 emissions explained and market-based vs location-based Scope 2.
✅ Reported Environmental Achievements
- 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.
🎯 Climate & Sustainability Targets
🔜 Short-term
- 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.
📅 Medium-term
- Reduce absolute Scope 1 and Scope 2 GHG emissions 28 percent over a 2019 baseline by 2030.
🔭 Long-term
- Assess Scope 3 emissions and determine the feasibility of a long-term net zero emissions aspiration by the end of 2023.
🌱 ESG Focus Areas
Climate ChangeWaste ReductionEnvironmental ComplianceDiversityInnovationCircular Economy