GRI Content Index
| GRI Standard / Other Source | Disclosure | Location/Response | Omission | ||
|---|---|---|---|---|---|
| Requirement(s) Omitted | Reason | Explanation | |||
| General Disclosures | |||||
| GRI 2: General Disclosures 2021 | 2-1 Organizational details | 2023 Annual Report, Form 10-K | |||
| 2-2 Entities included in the organization’s sustainability reporting | 2023 Annual Report, Note 13, p.71-73 | ||||
| 2-3 Reporting period, frequency, and contact point | About Our Report | ||||
| 2-4 Restatements of information | Performance Dashboard | ||||
| 2-5 External Assurance | Emission data assured through Apex Companies. Waste data assured through ERM CVS. | ||||
| 2-6 Activities, value chain, and other business relationships | 2023 Annual Report, Part 1, Item 1, p.3-7 Markets Stakeholder Engagement & Materiality | ||||
| 2-7 Employees | About Our Report Performance Dashboard | ||||
| 2-8 Workers who are not employees | Less than one percent of colleagues are fixed term contract, temporary, or seasonal. | ||||
| 2-9 Governance structure and composition | 2024 Proxy Statement, Board Leadership Structure, p.14 Governance, Policies & Partnerships In 2023, the Board of Directors was comprised of 9 members. Of these members, three have identified as female, six have identified as male and one has identified as being in an under-represented social group. | ||||
| 2-10 Nomination and selection of the highest governance body | 2024 Proxy Statement, Board Responsibilities, p.13 | ||||
| 2-11 Chair of the highest governance body | 2024 Proxy Statement, Director Nominees, p.7 | 2-11 (b) | Not applicable | The chair is not a senior executive. | |
| 2-12 Role of the highest governance body in overseeing the management of impacts | 2024 Proxy Statement, Board’s Role in Environmental, Social and Governance Matters Oversight, p.15-17 | ||||
| 2-13 Delegation of Responsibility for managing impacts | 2024 Proxy Statement, Board’s Role in Environmental, Social and Governance Matters Oversight, p.16 Stakeholder Engagement & Materiality | ||||
| 2-14 Role of the highest governance body in sustainability reporting | 2024 Proxy Statement, Board’s Role in Environmental, Social and Governance Matters Oversight, p.16 | ||||
| 2-15 Conflicts of interest | 2024 Proxy Statement, Certain Relationships and Related Party Transactions, p.49 | ||||
| 2-16 Communication of critical concerns | 2024 Proxy Statement, Communications with the Board, p.48 All reports that are made through the Greif Ethics Hotline, which is maintained by an independent third party, and other reports are shared with the Audit Committee of the Board of Directors. During the reporting period, the number of reports was 236. | ||||
| 2-17 Collective knowledge of the highest governance body | Greif provides Climate Training to advance the collective knowledge, skills and experience of the Board of Directors on sustainable development. | ||||
| 2-18 Evaluation of the performance of the highest governance body | The performance of the Board of Directors is subject to an annual evaluation is conducted internally by two board members. | ||||
| 2-19 Remuneration policies | 2024 Proxy Statement, Compensation Discussion and Analysis, p.24-32 Sign-on bonus and recruitment incentive payments are currently not part of the remuneration policies for the Board of Directors or senior executives. Incentive compensation targets are not tied to ESG performance. | ||||
| 2-20 Process to determine remuneration | 2024 Proxy Statement, Compensation Discussion and Analysis, p.24-32 As required by SEC regulations, shareholders have the opportunity every six years to determine how often they want to cast an advisory vote on the Company’s remuneration policies. During the 2023 annual meeting, shareholders had the opportunity to vote to approve the Company’s remuneration policies and to vote on the frequency for doing so over the next six years. | ||||
| 2-21 Annual total compensation ratio | 2024 Proxy Statement, Pay Ratio, p.50 Our pay ratio was 1 to 88 in 2022 and 1 to 89 in 2023, representing a minor increase. | ||||
| 2-22 Statement on sustainable development strategy | About Our Report | ||||
| 2-23 Policy Commitments | Ethics & Compliance Human Rights & Fair Labor Practices | ||||
| 2-24 Embedding policy commitments | Ethics & Compliance | ||||
| 2-25 Processes to remediate negative impacts | 2023 Annual Report, Greif considers and responds to the remediation of identified impacts on a case-by-case basis. | ||||
| 2-26 Mechanisms for seeking advice and raising concerns | Ethics & Compliance | ||||
| 2-27 Compliance with laws and regulations | 2023 Annual Report, Item 3, p.19 Instances of non-compliance are determined to be significant if a fine is warranted. Information on fines can be found in the Environmental Management System section and the Health & Safety section of the report. | ||||
| 2-28 Membership associations | Trade Associations | ||||
| 2-29 Approach to stakeholder engagement | Stakeholder Engagement & Materiality Global Supply Chain Management | ||||
| 2-30 Collective bargaining agreements | Business Continuity, The working conditions and terms of employment of employees is not influenced by the collective bargaining agreements of other employees or agreements from other organizations. | ||||
| Material Topics | |||||
| GRI 3: Material Topics 2021 | 3-1 Process to determine material topics | Stakeholder Engagement & Materiality | |||
| 3-2 List of material topics | Stakeholder Engagement & Materiality | ||||
| GRI Standard / Other Source | Disclosure | Location/Response | Omission | ||
|---|---|---|---|---|---|
| Requirement(s) Omitted | Reason | Explanation | |||
| Product Quality | |||||
| GRI 3: Material Topics 2021 | 3-3 Management of material topics | Product Quality | |||
| GRI 416: Customer Health and Safety 2016 | 416-1 Assessment of the health and safety impacts of product and service categories | Each item Greif manufactures is evaluated for product quality based on integrity and applicable specification compliance. | |||
| 416-2 Incidents of non-compliance concerning the health and safety impacts of products and services | During the reporting period, we had no instances of non-compliance concerning the health and safety impacts of products and services that resulted in fines. | ||||
| Customer Service | |||||
| GRI 3: Material Topics 2021 | 3-3 Management of material topics | Customer Service Excellence | |||
| Performance Indicators | Net Promoter Score | Customer Service Excellence Product Quality | |||
| Customer Service Index Score | Customer Service Excellence Product Quality | ||||
| GRI Standard / Other Source | Disclosure | Location/Response | Omission | ||
|---|---|---|---|---|---|
| Requirement(s) Omitted | Reason | Explanation | |||
| Environmental Management Systems | |||||
| GRI 3: Material Topics 2021 | 3-3 Management of material topics | Environmental Management Systems | |||
| GRI 308: Supplier Environmental Assessment 2016 | 308-1 New suppliers that were screened using environmental criteria | 308-1 | Information unavailable / incomplete | We are not currently screening new suppliers based on environmental criteria. In 2024, we plan to request new suppliers accounting for over $1 million in business to be rated by a third party. | |
| 308-2 Negative environmental impacts in the supply chain and actions taken | Through 2023, we have assessed 57% of suppliers by spend with EcoVadis, one of which was determined to have a low theme score for the environment. From the assessment 29 areas of improvement have been highlighted for the supplier. We have not yet collaborated with the supplier to made improvements or removed them as a supplier for Greif. | ||||
| Climate Strategy | |||||
| GRI 3: Material Topics 2021 | 3-3 Management of material topics | Climate Strategy | |||
| GRI 302: Energy 2016 | 302-1 Energy consumption within the organization | 2023 CDP Response, C8.2a Performance Dashboard | |||
| 302-2 Energy consumption outside of the organization | 302-2 | Information unavailable / incomplete | Energy consumption is not tracked outside of the organization. Greif collects information on our suppliers’ energy consumption through EcoVadis. Of the 57 percent of our supply chain that we have assessed, 74 percent are actively reporting on energy consumption. There is no detail provided in the EcoVadis scorecard on their actual energy consumption. | ||
| 302-3 Energy intensity | Performance Dashboard | ||||
| 302-4 Reduction of energy consumption | Performance Dashboard | ||||
| 302-5 Reductions in energy requirements of products and services | Climate Strategy | ||||
| GRI 305: Emissions 2016 | 305-1 Direct (Scope 1) GHG emissions | 2023 CDP Response, C6.1 Climate Strategy Performance Dashboard | |||
| 305-2 Energy indirect (Scope 2) GHG emissions | 2023 CDP Response, C6.3 Performance Dashboard | ||||
| 305-3 Other indirect (Scope 3) GHG emissions | 2023 CDP Response, C6.5, C6.7, C6.7a Performance Dashboard | ||||
| 305-4 GHG emissions intensity | Performance Dashboard | ||||
| 305-5 Reduction of GHG emissions | 2023 CDP Response, C4.3 Performance Dashboard | ||||
| 305-6 Emissions of ozone-depleting substances (ODS) | 305-6 | Information unavailable / incomplete | Emissions of ozone-depleting substances (ODS) are not currently tracked and we do not have plans to track this information on the future. | ||
| 305-7 Nitrogen oxides (NOx), sulfur oxides (SOx), and other significant air emissions | Performance Dashboard NOx, SOx, VOCs, and PM emissions are tracked at our NA steel sites. | ||||
| Water | |||||
| GRI 3: Material Topics 2021 | 3-3 Management of material topics | Stakeholder Engagement & Materiality Water | |||
| GRI 303 Water and Effluents 2018 | 303-1 Interactions with water as a shared resource | Water Our Green Tool has water impact measurements for: water input process, acidification, terrestrial eutrophication, aquatic eutrophication. We also utilize the WRI’s Aqueduct Water Risk Atlas tool to note water-stressed regions. | |||
| 303-2 Management of water discharge-related impacts | Water All facilities have a No Exposure or Stormwater Permit Coverage. All mills have effluent limits regarding wastewater discharged into surface waters or publicly owned treatment works. These effluent limits are set as conditions in the wastewater discharge permits. | ||||
| 303-3 Water withdrawal | Performance Dashboard Water | ||||
| 303-4 Water discharge | Performance Dashboard Water Determining priority substances varies by location. Parameters are permit based and concerns are based on elevated level concentrations of permitted parameters. | ||||
| 303-5 Water consumption | Performance Dashboard Water | 303-5 (c) | Not applicable | Greif does not utilize water storage tanks as part of our PPS processes. | |
| Waste | |||||
| GRI 3: Material Topics 2021 | 3-3 Management of material topics | Innovation Waste Circular Manufacturing | |||
| GRI 301: Materials 2016 | 301-1 Materials used by weight or volume | Performance Dashboard | |||
| 301-2 Recycled input materials used | Circular Manufacturing | ||||
| 301-3 Reclaimed products and their packaging materials | Waste | 301-3 (a) | Not applicable | Materials we reclaim are not exclusive to our products and include products from competitors. | |
| GRI 306: Waste 2020 | 306-1 Waste generation and significant waste related impacts | Waste | |||
| 306-2 Management of significant waste-related impacts | Waste Circular Manufacturing | ||||
| 306-3 Waste generated | Waste | ||||
| 306-4 Waste diverted from disposal | Waste | 306-4 (d) | Information unavailable / incomplete | For each recovery operation, an onsite and offsite breakdown of the total weight in metric tons of hazardous waste and of non-hazardous waste diverted from disposal is not tracked. We currently do not have plans to track this information in the future. We do not believe tracking this would be significant for our business. | |
| 306-5 Waste directed to disposal | Waste | 306-5 (d) | Information unavailable / incomplete | For each disposal operation, an onsite and offsite breakdown of the total weight in metric tons of hazardous waste and of non-hazardous waste directed to disposal is not tracked. We currently do not have plans to track this information in the future. We do not believe tracking this would be significant for our business. | |
| GRI Standard / Other Source | Disclosure | Location/Response | Omission | ||
|---|---|---|---|---|---|
| Requirement(s) Omitted | Reason | Explanation | |||
| Ethics & Compliance | |||||
| GRI 3: Material Topics 2021 | 3-3 Management of material topics | ||||
| GRI 205: Anti-corruption 2016 | 205-1 Operations assessed for risks related to corruption | Internal Audit sends out an annual survey that includes specific questions around fraud risk, enterprise-wide risks and emerging risks and general risk areas that Internal Audit considers in the development of the annual internal audit plan. | |||
| 205-2 Communication and training about anti-corruption policies and procedures | 205-2 (c) | Information Total number and percentage of business partners that the organization’s anti-corruption policies and procedures have been communicated to, broken down by type of business partner and region is not tracked. Our policies are publicly available for all stakeholders to access. | |||
| 205-3 Confirmed incidents of corruption and actions taken | There were zero confirmed incidents of corruption during the reporting period. | ||||
| GRI 206: Anti-competitive Behavior | 206-1 Legal actions for anti-competitive behavior, anti-trust, and monopoly practices | There were zero legal actions pending or completed during the reporting period regarding anti-competitive behavior and violations of anti-trust and monopoly laws. | |||
| Risk Management & Business Continuity | |||||
| GRI 3: Material Topics 2021 | 3-3 Management of material topics | Business Continuity, | |||
| GRI 402: Labor/Management Relations 2016 | 402-1 Minimum notice periods regarding operational changes | ||||
| Security | |||||
| GRI 3: Material Topics 2021 | 3-3 Management of material topics | ||||
| GRI 410: Security Practices 2016 | 410-1 Security personnel trained in human rights policies or procedures | Training requirements also apply to security personnel from third-party organizations. | |||
| GRI 418: Customer Privacy 2016 | 418-1 Substantiated complaints concerning breaches of customer privacy and losses of customer data | ||||
GRI Standard / Other Source | Disclosure | Location/Response | Omission | ||
|---|---|---|---|---|---|
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|
| Requirement(s) Omitted | Reason | Explanation |
Diversity, Equity & Inclusion | |||||
GRI 3: Material Topics 2021 | 3-3 Management of material topics | Diversity, Equity & Inclusion | |||
GRI 405: Diversity and Equal Opportunity 2016 | 405-1 Diversity of governance bodies and employees | 30% of our board identify as women. 27% of our ELT identify as women. 17% of our workforce are women. No members of the Board are under 30 years of age. 10 percent are 30-50 years old. 90 percent are over 50 years old. | 405-1 (b) | Information unavailable / incomplete | Diversity of employees per employee category are not tracked. There currently are no plans to track this in the future. |
405-2 Ratio of basic salary and remuneration of women to men | In 2023, unadjusted pay gap was one percent. The adjusted pay gap was four percent. | ||||
GRI 406: Non-discrimination 2016 | 406-1 Incidents of discrimination and corrective actions taken | 406-1 | Confidentiality constraints | Total number of incidents of discrimination, status of incidents and actions taken is not shared. All Greif Ethics Hotline claims are investigated and actions are taken consistent with Greif policies. In some cases, items are identified due to litigation and we do not discuss matters that involve active litigation. | |
Talent Attraction, Development & Retention | |||||
GRI 3: Material Topics 2021 | 3-3 Management of material topics | Talent Attraction, Development & Retention | |||
GRI 401: Employment 2016 | 401-1 New employee hires and employee turnover | Talent Attraction, Development & Retention | |||
401-2 Benefits provided to full time employees that are not provided to temporary or part-time employees | Performance Dashboard Benefits that are provided to part-time employees vary by region. | ||||
401-3 Parental leave | 99.6% of our workforce is entitled to parental leave. | 401-3 (b,c,d,e) | Information unavailable / incomplete | Total number of employees that took parental leave, by gender, total number of employees that returned to work in the reporting period after parental leave ended, by gender, total number of employees that returned to work after parental leave ended that were still employed 12 months after their return to work, by gender, and return to work and retention rates of employees that took parental leave, by gender are not tracked. We have begun to track this data in North America and plan to track this data in other regions in the future. | |
GRI 404: Training and Education 2016 | 404-1 Average hours of training per year per employee | Performance Dashboard | |||
404-2 Programs for upgrading employee skills and transition assistance programs | Performance Dashboard Pre-retirement planning is offered to U.S. colleagues through the use of a third-party vendor. Greif’s Employee Assistance Program provides colleagues in the U.S. and Canada with online resources and counseling for assistance on transitioning to a non-working life. | ||||
404-3 Percentage of employees receiving regular performance and career development reviews | 404-3 | Information unavailable / incomplete | Information on new employees receiving regular performance and career development reviews by employee category is not tracked. | ||
Health & Safety | |||||
GRI 3: Material Topics 2021 | 3-3 Management of material topics | ||||
GRI 403: Occupational Health and Safety (2018) | 403-1 Occupational health and safety management system | 403-1 (a) | Information unavailable / incomplete | Currently, we are not tracking this information. Due to the global nature of our operations, we determine relevant legal requirements and guidelines for our occupational health and safety management systems at the local level. There are no plans to track this in the future. We have implemented global safety policies and targets which are under the oversight and responsibilities of our Global Operations Group. | |
403-2 Hazard identification, risk assessment, and incident investigation | |||||
403-3 Occupational health services | |||||
403-4 Worker participation, consultation, and communication on occupational health and safety | |||||
403-5 Worker training on occupational health and safety | |||||
403-6 Promotion of worker health | |||||
403-7 Prevention and mitigation of occupational health and safety impacts directly linked by business relationships | |||||
403-8 Workers covered by an occupational health and safety management system | |||||
403-9 Work-related injuries | In FY 2023, we had 175 LIFE events, which is any incident that either did or could have resulted in a life-altering injury or fatality. 2 of these LIFE events were for temporary employees. The main types of work-related injuries for both employees and non-employees include cuts, punctures, scrapes, strains, sprains and bruise/contusion/abrasions. The Medical Case Rate, which measures the number of recordable injuries per 100 full-time colleagues in a 12-month period, was 1.75 in FY 2023. | 403-9 (a,b) | Information unavailable / incomplete | The number of hours worked is not tracked for employees or non-employees. There currently are no plans to track this in the future. | |
403-10 Work-related ill health | Greif recorded zero work-related ill-health fatalities during the reporting period for both employee and non-employee workers. In FY 2023, we had 18 total recorded instances of work-related ill health for employees and non-employees. The main types of work-related ill health include hearing loss, poisoning, respiratory issues and skin disorders. These have been determined by the risk present in the workplace, and we aim to reduce hazards and minimize risk using global and regional safety policies, safety audits and safety training. No workers have been excluded from this disclosure. | ||||
Human Rights & Fair Labor Practices | |||||
GRI 3: Material Topics 2021 | 3-3 Management of material topics | ||||
GRI 407: Freedom of Association and Collective Bargaining 2016 | 407-1 Operations and suppliers in which the right to freedom of association and collective bargaining may be at risk | 407-1 | Information unavailable / incomplete | Human Rights & Fair Labor Practices Our Human Rights audit process was adjusted in FY2023. Collective bargaining is included in this risk assessment. In FY2023, 12% of facilities completed the audit, with results pending. 100% of facilities will have the assessment completed by the end of FY2025. | |
GRI 408: Child Labor 2016 | 408-1 Operations and suppliers at significant risk for incidents of child labor | 408-1 | Information unavailable / incomplete | Human Rights & Fair Labor Practices Our Human Rights audit process was adjusted in FY2023. Child labor is included in this risk assessment. In FY2023, 12% of facilities completed the audit, with results pending. 100% of facilities will have the assessment completed by the end of FY2025. | |
GRI 409: Forced or Compulsory Labor 2016 | 409-1 Operations and suppliers at significant risk for incidents of forced or compulsory labor | 409-1 | Information unavailable / incomplete | Human Rights & Fair Labor Practices Our Human Rights audit process was adjusted in FY2023. Forced and compulsory labor is included in this risk assessment. In FY2023, 12% of facilities completed the audit, with results pending. 100% of facilities will have the assessment completed by the end of FY2025. | |
| GRI Standard / Other Source | Disclosure | Location/Response | Omission | ||
|---|---|---|---|---|---|
| Requirement(s) Omitted | Reason | Explanation | |||
| Innovation | |||||
| GRI 3: Material Topics 2021 | 3-3 Management of material topics | ||||
| Performance Indicator | Revenue from sustainability-tagged products | ||||
| Circular Economy | |||||
| GRI 3: Material Topics 2021 | 3-3 Management of material topics | ||||
| GRI 301: Materials 2016 | 301-1 Materials used by weight or volume | Performance Dashboard | |||
| 301-2 Recycled input materials used | |||||
| 301-3 Reclaimed products and their packaging materials | 301-3 (a) | Not applicable | Materials we reclaim are not exclusive to our products and includes products from competitors. | ||
| Global Supply Chain Management | |||||
| GRI 3: Material Topics 2021 | 3-3 Management of material topics | ||||
| GRI 414: Supplier Social Assessment 2016 | 414-1 New suppliers that were screened using social criteria | 414-1 | Information unavailable / incomplete | We are not currently screening new suppliers based on social criteria. In 2024, we plan to request new suppliers accounting for over $1 million in business to be rated by a third party. 5.66% of our RFQs sent out asked about social issues. | |
| 414-2 Negative social impacts in the supply chain and actions taken | 414-2 | Information unavailable / incomplete | Through 2023, we have assessed 57% of suppliers by spend with EcoVadis, two of which were determined to have a low theme score for labor and human rights. From the assessment 28 and 23 areas of improvement have been highlighted for the suppliers. We have not yet collaborated with the suppliers to make improvements or removed them as a supplier for Greif. | ||
| GRI Standard / Other Source | Disclosure | Location/Response | Omission | ||
|---|---|---|---|---|---|
| Requirement(s) Omitted | Reason | Explanation | |||
| Financial Performance & Profitable Growth | |||||
| GRI 3: Material Topics 2021 | 3-3 Management of material topics | ||||
| GRI 201: Economic Performance 2016 | 201-1 Direct economic value generated and distributed | 2023 Annual Report, | |||
| 201-2 Financial implications and other risks and opportunities due to climate change | 2023 Annual Report, | ||||
| 201-3 Defined benefit plan obligations and other retirement plans | 2023 Annual Report, | ||||
| 201-4 Financial assistance received from government | Greif did not receive financial assistance from government during the reporting period. | ||||
