Estrategia climática
Greif se dedica a la responsabilidad climática en cada etapa del ciclo de vida de nuestros productos, con el objetivo de minimizar nuestra huella de carbono y cumplir con nuestro compromiso con
Reflejos
- Greif’s Build to Last Strategy and Protecting Our Future mission embed climate considerations into our day-to-day decision-making and long-term strategic planning.
- We executed a virtual power purchase agreement (VPPA) with Enel Green Power España for 100 GWh of renewable energy annually, enough to offset approximately 65 percent of our electricity consumption in Europe.
- Greif’s land management subsidiary, Soterra, generated 59 percent of its revenue from nature-based solutions and renewable energy initiatives in 2024. We added geological sequestration, utility-scale solar installations, and development of Improved Forest Management carbon offsets to our sustainable forest management practices.
- Greif refined our Scope 3 emissions reduction methodology by conducting a thorough gap analysis to improve the quality of the data and identify new opportunities to engage with our value chain partners to reduce emissions.
- In 2024, our combined Scope 1 and Scope 2 (market-based) greenhouse gas (GHG) emissions were 1,120 thousand metric tons CO2e, compared to 1,108 thousand metric tons in 2023.
Por qué es importante la estrategia climática
Our robust climate strategy is driven by our belief that it is our responsibility to reduce our impact as a manufacturing company. This is also crucial to building and maintaining relationships with our colleagues, customers, partners, and shareholders. Climate change is a top priority for our customers, many of whom have set ambitious climate goals and are working to foster transparency across their operations and value chains. We aim to be the trusted partner that supports our customers in achieving these goals by using data-driven decision-making to provide guidance and recommendations around sustainable solutions. Our climate strategy is integrated into every facet of our business, with an emphasis on driving projects that reduce our emissions. Our product portfolio, which emphasizes manufacturing innovation and performance efficiency, reflects how we are working with customers to provide innovative, low-carbon, and circular products to help them meet their goals.
Our climate strategy is also a vital part of attracting and retaining top talent, which is needed to protect our competitive advantage in the market. We recognize the value of hiring passionate colleagues early in their career and providing a culture where they can innovate and grow. At Greif, we find a strong correlation between business success and employee engagement at all levels of our organization, and our climate strategy is an important component of that process.
Our Approach
We are working to consider and reduce the carbon footprint at each stage of the life cycle of our products, from raw material extraction to end-of-life disposal. Since 2007, we have set ambitious goals to reduce our GHG emissions and energy use, most recently setting a 2030 science-aligned target to reduce our absolute Scope 1 and Scope 2 GHG emissions by 28 percent from a 2019 baseline.
Engaging Greif colleagues is an important part of our climate strategy. To empower action and transparency, every colleague has access to energy dashboards that detail usage performance and help colleagues make more informed decisions that move us closer to our goals. Via Greif University, our internal training and education platform, colleagues also have access to thousands of courses to support them on their sustainability journey. We are working to embed our climate strategy at every level of the organization and value chain because we know success will only be achieved if there is commitment from everyone.
Gestión del riesgo del cambio climático
Over the past three years, we have conducted several internal climate risk workshops in which colleagues from varying departments, locations, and backgrounds collaborate to identify, rank, and evaluate regulatory, market, and physical climate-related risks and opportunities. In 2023, we successfully completed a third-party physical risk assessment to deepen our understanding of the climate risks and financial impacts associated with our operations. In 2024, our efforts focused on addressing the data points from this analysis.
Our scenario analysis included three future scenarios, including global temperature increases of below 2°C (Representative Concentration Pathway (RCP) 2.6), 2 to 3°C (RCP 4.5) and over 4°C (RCP 8.5), to identify risk likelihoods and impacts to our operations. The assessment identified precipitation, flooding, and heat stress as key physical risks across our global operations. Please refer to our Informe del CDP para obtener más información sobre este ejercicio de análisis de escenarios climáticos.
| Riesgo / Oportunidad | Tema | Descripción |
|---|---|---|
| Riesgo físico | Catástrofe natural | Gran inundación, huracán, terremoto, tormenta de viento, etc. que provoque la pérdida de una instalación de producción clave o valiosa (una o varias). |
| Riesgo físico | Catástrofe ambiental directa | Eventos importantes relacionados con el clima y el tiempo en instalaciones clave como Delta, Vreeland y las operaciones de Paper Mill que conducen a un evento ambiental y financiero importante y potencialmente a problemas de relaciones públicas y de imagen. |
| Riesgo de transición | Mecanismos de fijación de precios del carbono | Las regulaciones de fijación de precios del carbono, como los sistemas de topes y comercio de emisiones y los impuestos al carbono, están afectando a Greif en algunos mercados (Europa y América del Norte) y podrían surgir en otras regiones. Esto se manifiesta en un gasto sustancial y creciente. |
| Riesgo de transición | Inversiones ineficientes / planificación de capital | La falta de recursos para comprender plenamente el impacto de los cambios regulatorios en las decisiones estratégicas y las inversiones puede dar lugar a una asignación de capital subóptima, lo que incluye instalaciones que se vuelven obsoletas más rápidamente de lo esperado y un retorno de la inversión (ROI) menor al esperado. |
| Riesgo de transición | Resiliencia / continuidad productiva | Las capacidades organizativas excepcionales, la resiliencia empresarial asociada, la preparación y la agilidad permitirán a Greif reanudar los niveles de producción más rápidamente y brindar un mejor apoyo a sus colegas, clientes y comunidades a lo largo del tiempo en caso de que las interrupciones y las catástrofes se vuelvan más comunes. |
| Riesgos y oportunidades de transición | Cambio en las preferencias de los clientes | La demanda de productos sostenibles está aumentando. El riesgo de que Greif no actúe con la suficiente rapidez para responder al uso cada vez mayor de materiales reciclados en los procesos de producción podría reducir la demanda de los productos y servicios de Greif. Además, las regulaciones relacionadas con el clima que limitan los mercados finales de los productos de Greif, como la industria del petróleo y el gas, pueden limitar el negocio de Greif al reducir la demanda de sus productos y servicios en mercados clave. Greif puede aprovechar esta oportunidad haciendo crecer rápidamente su cartera de productos sostenibles. |
| Oportunidad de transición | Impacto en el negocio de reciclaje de Greif | Los escenarios climáticos más ambiciosos se basan en el aumento de las tasas de reciclaje de acero y plástico. Si se posiciona adecuadamente, Greif podría aumentar la escala de su práctica actual de reacondicionamiento. |
| Oportunidad de transición | Resiliencia | Las capacidades organizativas excepcionales asociadas con la resiliencia, la preparación y la agilidad empresarial permitirán a Greif reanudar los niveles de producción más rápidamente y brindar un mejor apoyo a colegas, clientes y comunidades a lo largo del tiempo en caso de que las interrupciones y las catástrofes se vuelvan más comunes. |
Por favor visite este informe Gestión de riesgos Sección para conocer más sobre nuestro proceso de gestión de riesgos empresariales.
Estrategia climática y hoja de ruta para la descarbonización
Renewable energy and energy efficiency are key pillars of our climate strategy. In 2024, we increased our focus on procuring renewable energy via VPPAs and on-site solar development. To reduce carbon impacts beyond our value chain, we also leveraged nature-based solutions like geologic carbon sequestration and improved forest management offsets. Please visit the Priorizar la naturaleza section of the report to learn more about our nature-based solution efforts.
Energía renovable
Renewable energy procurement is core to our decarbonization strategy. Meeting the long-term energy-related challenges associated with climate change requires a meaningful shift towards renewables, such as solar, biomass, and wind energy. We strive to identify high-impact opportunities to catalyze our clean energy transition. Since 2016, we have increased our sourcing of renewable energy from both on-site and off-site locations. Greif facilities in North America, Brazil, Chile, China, the Czech Republic, Israel, and the Netherlands are powered by renewable energy, and we recently added rooftop solar to our Singapore facility. Of Greif’s total energy consumption in 2024, 16 percent (892 MWh) came from renewable energy sources such as biomass and solar energy. We will continue to identify and capitalize on additional opportunities to procure renewable energy.
Over the past three years, we conducted an extensive exploration of renewable alternatives to overhaul our electricity and natural gas consumption. As Greif’s Scope 2 emissions make up about half of our total Scope 1 and 2 emissions, switching to renewable energy would eliminate a significant portion of our overall emissions. In 2024, we signed a pivotal contract with a developer for a large VPPA project in Spain, to supply renewable energy for our European operations.
Virtual Power Purchase Agreement with Enel Green Power España
In 2024, Greif announced the signing of a virtual power purchase agreement (VPPA) with Endesa’s renewable subsidiary, Enel Green Power España (EGPE). Through the VPPA, Greif will purchase approximately 70 percent of the projects’ output, which will lead to approximately 100 GWh annually and measurable progress towards our long-term sustainability and climate goals. The solar VPPA is a significant step toward achieving a reduction of our Scope 1 and 2 greenhouse gas emissions by 28 percent by 2030, compared to a 2019 baseline. The renewable electricity generated by the project represents approximately 65 percent of Greif’s Scope 2 emissions in Europe and approximately 3 percent of our global Scope 1 and 2 emissions. By adding renewable energy to the Spanish grid, this initiative drives meaningful emissions reductions and supports a cleaner energy future. To read more about this project, please see the press release.
We are also working to increase renewable energy adoption via solar lease development. Greif is rapidly scaling our solar programs, with 50,000 acres of Soterra-managed land included in lease options with 13 different solar energy developers working on 22 projects. One project, a 100 MW solar farm in Louisiana, started construction in 2024. Please visit the Priorizar la naturaleza section of the report to learn more about our renewable energy procurement efforts.
Eficiencia energética
The role of energy efficiency in capital deployment is key to achieving our energy usage goals. We incorporate ESG criteria into our capital allocation system, placing priority on cost savings, reduced energy consumption, minimized raw materials usage, and improved health and safety for both people and products.
Greif colleagues regularly look for new opportunities to advance technology and conserve energy as part of our culture of continuous improvement. Our energy efficiency projects include equipment upgrades and process optimizations designed to strategically curb energy demand. In 2024, we implemented 58 energy efficiency projects, saving an estimated 35,000 MWh. Additional energy efficiency projects are routinely initiated by Greif’s Lean Six Sigma program.
Another success for the company has been our focus on LED lighting retrofits. We are actively working to retrofit our facilities to at least 80 percent LED lighting to conserve energy, reduce emissions, and create a safer and more pleasant work environment for Greif colleagues.
Energy Efficiency Across Our Operations
Throughout 2024, teams at our facilities drove innovative projects that demonstrate excellence in energy efficiency, cutting energy costs, improving efficiency, and support our sustainability goals. Greif Singapore converted a lithographic coating oven into an internal-lined ends line with an automated spraying system. The project is estimated to save more than 550 MWh per year while improving operational efficiency and capacity. Greif Saudia Arabia installed a logic timer system to manage two motors, controlling an automatic shut off during changeovers, breaks, and other periods of inactivity. These are just two examples of our colleagues’ efforts to integrate sustainability and business objectives into our operations.
For more information about our energy efficiency projects, please see sections 7.55 of our 2024 CDP Climate Response.
Economía circular
At the heart of our climate strategy is an emphasis on circularity, specifically increasing the recyclability of our products, expanding our reconditioning network, implementing downgauging techniques, increasing the use of recycled raw material content in our products, and effectively managing waste.
In addition to reducing Scope 1 and 2 emissions, circularity initiatives also reduce our Scope 3 emissions linked to raw material extraction and converting, transportation, and waste sorting and processing and end of life management of our used products. Additionally, these initiatives minimize the amount of material we send to a landfill, thereby decreasing our production of landfill gas, an especially potent mix of greenhouse gases released during decomposition. We currently divert 87 percent of our waste away from landfills and aim to increase that percentage where possible.
Por favor visite este informe Desperdiciar section to learn more about our waste management efforts. Please visit this report’s Fabricación circular y Innovación Secciones para conocer más sobre nuestros esfuerzos para promover la economía circular.
Supply Chain Emissions
Through our Global Supply Chain (GSC) Sustainability Program, we operationalize our commitment to reduce carbon emissions throughout our supply chain. Reduction projects are prioritized and embedded into three key areas of influence: energy procurement, logistics networks, and raw material sourcing.
Our energy procurement managers lead or collaborate in our renewable energy sourcing projects. Sourcing managers identify opportunities for emissions reduction through supplier collaboration, product ideation and trials, and purchasing decisions. Our logistics managers manage projects to increase efficiency in our global transportation and logistics networks.
In 2024, we conducted a thorough analysis of our Scope 3 emissions to develop a pipeline of strategic reduction activities and projects for the medium- to long-term. We evaluate projects based on our level of influence and impact, prioritizing projects we can directly execute within our organization. We are incorporating indirect projects into engagement plans we are building to inform our work with carriers, suppliers, and third-party partners.
Por favor visite este informe Gestión de la cadena de suministro global Sección para conocer más sobre nuestro trabajo en toda nuestra cadena de suministro.
Goals, Progress, & Performance
Objetivos 2030:
- Reducir las emisiones absolutas de GEI de alcance 1 y alcance 2 en un 28 por ciento con respecto a la línea de base de 2019.
- Reducir nuestro consumo de energía en un 10 por ciento por cada unidad de producción a partir de 2019.
We partnered with a third party in 2020 to conduct an evaluation of our ability to achieve a Science Based Target Initiative (SBTi) aligned goal. The analysis led to Greif’s public commitment to a 28 percent reduction in absolute Scope 1 and Scope 2 emissions by 2030, based on a 2019 baseline. Aligned with prevailing climate science, this target aims to limit global warming below 2°C. While we are not yet able to provide a detailed analysis of our absolute progress against this goal due to acquisitions and ongoing data improvements, our 2024 Scope 1 and Scope 2 (market-based) absolute emissions increased by about 1 percent compared to 2023.
In 2024, we made progress through renewable energy procurement, nature-based solutions, and energy efficiency efforts. We also analyzed our Scope 3 emissions and, though we cannot set a Scope 3 target at this point in our sustainability journey, we are working to tackle these emissions while building resiliency in our supply chain. Further, Greif took our first steps in expanding ISO 14001 certifications to additional sites. ISO 14001 provides a management system framework for Greif to integrate climate change efforts into the day-to-day operations at each site on a granular level.
An amendment to ISO 9001 certifications was introduced in 2024 which integrates climate change considerations into organizational management systems. Greif’s operations team has been working to incorporate this into our ISO 9001 certification process. We actively seek opportunities to collaborate with our suppliers, customers, and other stakeholders to reduce our emissions and advance our climate strategy.
Datos de ENERGÍA y emisiones de GEI
| Año fiscal 2020 | Año fiscal 2021 | Año fiscal 2022 | Año fiscal 2023 | FY 2024 | |
|---|---|---|---|---|---|
| Total Energy Consumption (MWh) | 5,423,000 | 5,832,000 | 6,145,000 | 5,594,000 | 5,450,600 |
| Energy Reduction per Unit of Production, compared to Baseline1,2 | - | -0.30% | -2.30% | -5.50% | 3.70% |
| Año fiscal 2020 | Año fiscal 2021 | Año fiscal 2022 | Año fiscal 2023 | FY 2024 | |
|---|---|---|---|---|---|
| GHG Scope 13 | 693 | 697 | 756 | 605 | 625 |
| GHG Scope 23 (Location-based) | 590 | 557 | 565 | 494 | 476 |
| GHG Scope 23 (Market-based) | 597 | 569 | 578 | 503 | 495 |
| Alcance 3 de los GEI | 4,148 | 4,357 | 5,019 | 5,062 | 5,144 |
| GHG Total Scope 1, 2, & 3 (Location-based) | 5,431 | 5,611 | 6,340 | 6,161 | 6,245 |
| GHG Total Scope 1, 2, & 3 (Market-based) | 5,438 | 5,623 | 6,353 | 6,170 | 6,264 |
Greif Pudahuel en Chile logra 100% de energía renovable
La planta siderúrgica Pudahuel de Greif en Chile fue nuestra primera instalación en América Latina en operar con energía 100 por ciento renovable. A través de un proyecto de dos años, en asociación con el proveedor de energía IMELSA ENERGIA, la instalación pudo trasladar todo su suministro de electricidad a fuentes 100 por ciento renovables. La instalación produce tambores de acero grandes, tambores cónicos y botellas de agua para los mercados de productos químicos, aceites lubricantes y alimentos y bebidas. Este cambio impulsa nuestra estrategia de sustentabilidad, respalda nuestro objetivo de reducción de emisiones de GEI para 2030 y ayuda a respaldar los objetivos de reducción de emisiones de Alcance 3 de nuestros clientes.
Respuesta a la demanda de Enel X
Desde 2011, Greif ha estado participando en Demand Response (DR) con Enel X, una división de Enel Group Worldwide, una empresa multinacional de energía y actor integrado líder en los mercados de energía y gas del mundo. La DR y el monitoreo de energía en tiempo real de Enel X permiten a una empresa acceder a oportunidades de mercado para monetizar la flexibilidad, aumentar la confiabilidad operativa y destacar los avances en sostenibilidad. Greif ha acumulado más de $4.4 millones en ganancias de DR, incluidos $1.3 millones en los últimos tres años. Hay aproximadamente 17 plantas de Greif inscritas en DR con Enel X. Estamos evaluando para determinar si los sitios son elegibles y candidatos adecuados para participar en DR para expandir nuestra participación en el programa.
Estudio energético LATAM Tigre
La planta de Greif en Tigre en LATAM realizó una evaluación multidisciplinaria de todas las plantas de Latinoamérica para implementar una reducción de 6% en el consumo de energía por unidad producida para 2025 en comparación con una línea base de 2019. Se identificaron y evaluaron todas las máquinas, partes periféricas, equipos generales y elementos que consumen electricidad, encontrando 447 áreas de enfoque energético en LATAM. De estas áreas de enfoque, se identificaron 70 proyectos energéticos estratégicos. A noviembre de 2023, se han completado 6 proyectos de eficiencia energética en LATAM, lo que resultó en un ahorro de costos de energía de $29,300 por año y una reducción del uso de energía de 63,000 kilovatios-hora por año.
