DELAWARE, Ohio, April 22,
2020 /PRNewswire/ -- Greif, Inc. (NYSE: GEF, GEF.B), a
world leader in industrial packaging products and
services, announced today the release of its online 2019
Sustainability Report. The annual report details Greif's commitment
to continuous improvement through an integrated approach to
environmental and social responsibility. The report provides the
company's 2025 sustainability goals and highlights progress and
strategies underway to achieve those goals.
"Sustainability is defined in our company's guiding principles,
The Greif Way, as using financial, natural and human resources
wisely without compromising the ability of future generations to
meet their needs," said Pete Watson,
Greif's President and Chief Executive Officer. "As a leader in
industrial packaging and manufacturing, we are uniquely
positioned to impact sustainability throughout our global supply
and value chains through innovating our own products, collaborating
with our customers to reduce the impact of their packaging or
expanding our end-of-life solutions and capabilities. We saw great
advancements in 2019 towards implementing the circular economy
principles that are core to our business strategy."
The online 2019 Sustainability Report features
comprehensive pages, interactive charts and examples of how Greif
colleagues are actively committed to sustainability and The Greif
Way. Highlights from the report include:
- Sustainability strategies: delivering superior customer
service, reducing our footprint, addressing risk, valuing our
people, advancing the circular economy, financial performance and
profitable growth
- Greif's value chain and how that relates to stakeholder
engagement and materiality
- Goals, performance and highlights
The report is prepared in full accordance with the GRI Standards
(core option) and the Sustainability Accounting Standards Board
(SASB) Application Guidance and fulfills the United Nations Global
Compact (UNGC) annual Communication on Progress (COP).
In addition to the report, Greif announced its North American
Greif Packaging Accessories (GPA) team in Carol Stream, Illinois, as the 2019 Michael J.
Gasser Sustainability Award winner. The company award celebrates a
business or team that creates sustainable benefit across Greif's
value chain. The North American GPA team was recognized for its
business development priorities in waste reduction, creating
circular systems and sustainable innovation by collaborating with
Rigid Industrial Packaging & Services North America (RIPS NA)
purchasing, RIPS Italy and four RIPS NA plants, to provide 800,000
pounds of recycled plastic resins to produce Intermediate Bulk
Containers (IBCs) and corner protectors.
The project created company value and established environmental
and financial benefits, while closing two internal loop systems and
contributing to our circular economy by diverting waste from
landfills and finding a new purpose for them.
"We are proud to share our 2019 progress in our sustainability
report," said Ole Rosgaard, Senior
Vice President, Rigid Industrial Packaging & Services and
Global Sustainability. "Greif is better positioned than ever before
to create value for our colleagues, the communities where we
operate and live, and our customers through our sustainability
initiatives."
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.
Greif
Investor Relations contact
Matt Eichmann, 740-549-6067
matt.eichmann@greif.com
or
Media contact
Charmaine Reiner, 740-549-6109
charmaine.reiner@greif.com
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SOURCE Greif, Inc.