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 | 2024 Annual Report Part 1, item 1 p. 3-7, item 2 p. 18, Form 10-K | |||
| 2-2 Entities included in the organization’s sustainability reporting | 2024 Annual Report, Note 13, p. 71-73 About Our Report Basis of Reporting | ||||
| 2-3 Reporting period, frequency, and contact point | About Our Report | ||||
| 2-4 Restatements of information | Any restatements of information are noted and described in our Basis of Reporting document and Performance Dashboard. | ||||
| 2-5 External Assurance | Emission data assured through Apex Companies Waste data assured through ERM CVS Select social metrics assured through Apex Companies | ||||
| 2-6 Activities, value chain, and other business relationships | 2024 Annual Report, Item 1, p. 3-7 Markets Stakeholder Engagement & Materiality | ||||
| 2-7 Employees | About Our Report Performance Dashboard | ||||
| 2-8 Workers who are not employees | Approximately 3 percent of employees are fixed term contract, temporary, or seasonal | ||||
| 2-9 Governance structure and composition | 2025 Proxy Statement, Board Leadership Structure, p. 20 Governance, Policies & Partnerships In 2024, the Board of Directors was comprised of 10 members. Of these members, 3 have identified as female, 7 have identified as male, and 3 have identified as being in an under-represented social group. | ||||
| 2-10 Nomination and selection of the highest governance body | 2025 Proxy Statement, Board Responsibilities, p. 19 | ||||
| 2-11 Chair of the highest governance body | 2025 Proxy Statement, Board Leadership Structure, p. 20 | 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 | 2025 Proxy Statement, Board’s Role in Environmental, Social and Governance Matters Oversight, p. 21-22 | ||||
| 2-13 Delegation of Responsibility for managing impacts | 2025 Proxy Statement, Board’s Role in Environmental, Social and Governance Matters Oversight, p. 21 Stakeholder Engagement & Materiality | ||||
| 2-14 Role of the highest governance body in sustainability reporting | 2025 Proxy Statement, Board’s Role in Environmental, Social and Governance Matters Oversight, p. 22 | ||||
| 2-15 Conflicts of interest | 2025 Proxy Statement, Certain Relationships and Related Party Transactions, p. 56 | ||||
| 2-16 Communication of critical concerns | 2025 Proxy Statement, Communications with the Board, p. 55 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 237. | ||||
| 2-17 Collective knowledge of the highest governance body | 2025 Proxy Statement, Board’s Role in Environmental, Social and Governance Matters Oversight, p. 21-22 | ||||
| 2-18 Evaluation of the performance of the highest governance body | Greif, Inc. Charter of The Nominating and Corporate Governance Committee of The Board of Directors, Section 2. Evaluating the Board | ||||
| 2-19 Remuneration policies | 2025 Proxy Statement, Compensation Discussion and Analysis, p. 30-38 | ||||
| 2-20 Process to determine remuneration | 2025 Proxy Statement, Compensation Discussion and Analysis, p. 30-38 | ||||
| 2-21 Annual total compensation ratio | 2025 Proxy Statement, Pay Ratio, p. 46 Our pay ratio was 89 to 1 in 2023 and 152 to 1 in 2024, representing a change of 6.52. | ||||
| 2-22 Statement on sustainable development strategy | Our Approach to Sustainability | ||||
| 2-23 Policy Commitments | Ethics & Compliance Human Rights & Fair Labor Practices | ||||
| 2-24 Embedding policy commitments | Ethics & Compliance Global Supply Chain Management | ||||
| 2-25 Processes to remediate negative impacts | 2024 Annual Report, Risks Related to Regulatory and Legal Costs, p. 14 Ethics & Compliance Human Rights Policy 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 | 2-27 | Confidentiality constraints | We strive to operate in compliance with all applicable regulations across our global operations. Due to confidentiality constraints associated with varying regulatory requirements, expectations, and definitions we do not report this requested information. | ||
| 2-28 Membership associations | Trade Associations | ||||
| 2-29 Approach to stakeholder engagement | Stakeholder Engagement & Materiality Global Supply Chain Management | ||||
| 2-30 Collective bargaining agreements | Human Rights & Fair Labor Practices 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 | 416-2 | Confidentiality constraints | We strive to operate in compliance with all applicable regulations across our global operations. Due to confidentiality constraints associated with varying regulatory requirements, expectations, and definitions we do not report this requested information. | ||
| Customer Service | |||||
| GRI 3: Material Topics 2021 | 3-3 Management of material topics | Customer Service Excellence | |||
| Performance Indicators | Net Promoter Score | Customer Service Excellence | |||
| Customer Service Index Score | Customer Service Excellence | ||||
| 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 prioritizing our suppliers assessed for sustainability criteria based on spend and other factors which may include new suppliers. We have assessed suppliers accounting for 61% of our total spend in 2024. | |
| 308-2 Negative environmental impacts in the supply chain and actions taken | We have included suppliers accounting for 61% of our total spend in 2024 in our assessment of sustainability criteria. | 308-2 | Information unavailable / incomplete | We are not able to disclose additional information at this time. | |
| 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 | 2024 CDP Response, C7.30
Performance Dashboard |
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| 302-2 Energy consumption outside of the organization | 302-2 | Information unavailable / incomplete | Energy consumption is not tracked outside of the organization. At this time, we do not disclose the various calculations, assumptions, or estimations used in our Scope 3 GHG emissions calcuations. Our Scope 3 emissions are included in the verification of our GHG emissions data. | ||
| 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 | Performance Dashboard | |||
| 305-2 Energy indirect (Scope 2) GHG emissions | 2024 CDP Response,
C7.7 Climate Strategy Performance Dashboard |
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| 305-3 Other indirect (Scope 3) GHG emissions | 2024 CDP Response,
C7.8 Performance Dashboard |
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| 305-4 GHG emissions intensity | Performance Dashboard | ||||
| 305-5 Reduction of GHG emissions | 2024 CDP Response,
C7.10
Performance Dashboard |
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| 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 in 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. |
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| Water | |||||
| GRI 3: Material Topics 2021 | 3-3 Management of material topics | 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. |
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| 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. |
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| 303-3 Water withdrawal | Performance Dashboard Water |
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| 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. |
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| 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 | Waste Circular Manufacturing |
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| 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 |
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| 306-3 Waste generated | Waste Performance Dashboard |
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| 306-4 Waste diverted from disposal | Waste Performance Dashboard |
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 Performance Dashboard |
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 | Ethics & Compliance | |||
| GRI 205: Anti-corruption 2016 | 205-1 Operations assessed for risks related to corruption | Ethics & Compliance
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. |
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| 205-2 Communication and training about anti-corruption policies and procedures | Ethics & Compliance | 205-2 (c) | Information unavailable / incomplete | 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 | 205-3 | Confidentiality constraints | We strive to operate in compliance with all applicable regulations across our global operations. Due to confidentiality constraints associated with varying regulatory requirements, expectations, and definitions we do not report this requested information. | ||
| GRI 206: Anti-competitive Behavior | 206-1 Legal actions for anti-competitive behavior, anti-trust, and monopoly practices | 206-1 | Confidentiality constraints | We strive to operate in compliance with all applicable regulations across our global operations. Due to confidentiality constraints associated with varying regulatory requirements, expectations, and definitions we do not report this requested information. | |
| Risk Management & Business Continuity | |||||
| GRI 3: Material Topics 2021 | 3-3 Management of material topics | Risk Management | |||
| GRI Standard / Other Source | Disclosure | Location/Response | Omission | ||
|---|---|---|---|---|---|
| Requirement(s) Omitted | Reason | Explanation | |||
| Colleague Engagement & Inclusion | |||||
| GRI 3: Material Topics 2021 | 3-3 Management of material topics | Colleague Engagement & Inclusion
Human Rights & Fair Labor Practices |
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| GRI 405: Diversity and Equal Opportunity 2016 | 405-1 Diversity of governance bodies and employees | Colleague Engagement & Inclusion 36 percent of our board identify as women. 30 percent of our ELT identify as women. 18 percent of our workforce identify as women. 0 members of the Board are under 30 years of age. 20 percent are 30-50 years old. 80 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 | Colleague Engagement & Inclusion | ||||
| GRI 406: Non-discrimination 2016 | 406-1 Incidents of discrimination and corrective actions taken | 406-1 | Confidentiality constraints | We strive to operate in compliance with all applicable regulations across our global operations. Due to confidentiality constraints associated with varying regulatory requirements, expectations, and definitions we do not report this requested information. | |
| Talent Attraction, Development & Retention | |||||
| GRI 3: Material Topics 2021 | 3-3 Management of material topics | Talent Attraction & Development
Performance Dashboard |
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| GRI 401: Employment 2016 | 401-1 New employee hires and employee turnover | Performance Dashboard | |||
| 401-2 Benefits provided to full time employees that are not provided to temporary or part-time employees | Performance Dashboard
Talent Attraction & Development Benefits that are provided to part-time employees vary by region. |
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| 401-3 Parental leave | 98.4% 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 centrally tracked. We currently do not have plans to centralize this information. | |
| GRI 404: Training and Education 2016 | 404-1 Average hours of training per year per employee | Performance Dashboard
Talent Attraction & Development |
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| 404-2 Programs for upgrading employee skills and transition assistance programs | Performance Dashboard
Talent Attraction & Development 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. |
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| 404-3 Percentage of employees receiving regular performance and career development reviews | Talent Attraction & Development Performance Dashboard |
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| Health & Safety | |||||
| GRI 3: Material Topics 2021 | 3-3 Management of material topics | Health & Safety | |||
| GRI 403: Occupational Health and Safety (2018) | 403-1 Occupational health and safety management system | Health & Safety | 403-1 (a) | Information unavailable / incomplete | 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. Due to the dynamic nature of the regulatory environment we are unable to disclose a complete list of legal requirements. 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 | Ethics & Compliance
Health & Safety |
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| 403-3 Occupational health services | Health & Safety | ||||
| 403-4 Worker participation, consultation, and communication on occupational health and safety | Health & Safety | ||||
| 403-5 Worker training on occupational health and safety | Health & Safety | ||||
| 403-6 Promotion of worker health | Health & Safety | ||||
| 403-7 Prevention and mitigation of occupational health and safety impacts directly linked by business relationships | Supplier Code of Conduct | ||||
| 403-8 Workers covered by an occupational health and safety management system | Health & Safety | ||||
| 403-9 Work-related injuries | Health & Safety
In FY 2024, we had 174 LIFE events, which is any incident that either did or could have resulted in a life-altering injury or fatality. None of these LIFE events involved 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 1.67 in FY 2024. |
403-9 (a,b) | Information unavailable / incomplete | We do not currently disclose this information and will continue to evaluate our ability to do so 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 2024, we had eight recorded instances of work-related ill health, all were 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. |
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| Human Rights & Fair Labor Practices | |||||
| GRI 3: Material Topics 2021 | 3-3 Management of material topics | Human Rights & Fair Labor Practices | |||
| GRI 402: Labor/Management Relations 2016 | 402-1 Minimum notice periods regarding operational changes | Across our global operations there are various legislative and procedural requirements related to notice periods. We comply with local legislation and requirements prior to the implementation of significant operational changes. Our collective agreements include provisions for notice periods and consultation requirements. | |||
| 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
Collective bargaining is included in our human rights auditing and review process. In FY2024, 56% of facilities completed the audit, with results pending. 100% of facilities will have the assessment completed by the end of FY2025. |
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| 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
Child labor is included in our human rights auditing and review process. In FY2024, 56% of facilities completed the audit, with results pending. 100% of facilities will have the assessment completed by the end of FY2025. |
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| 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 Forced and compulsory labor is included in our human rights auditing and review process. In FY2024, 56% of facilities completed the audit, with results pending. 100% of facilities will have the assessment completed by the end of FY2025. |
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| 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 | Innovation | |||
| Performance Indicator | Revenue from sustainability-tagged products | Innovation | |||
| Circular Economy | |||||
| GRI 3: Material Topics 2021 | 3-3 Management of material topics | Circular Manufacturing | |||
| 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 | Waste | 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 | Global Supply Chain Management | |||
| GRI 414: Supplier Social Assessment 2016 | 414-1 New suppliers that were screened using social criteria | 414-1 | Information unavailable / incomplete | We are prioritizing our suppliers assessed for sustainability criteria based on spend and other factors which may include new suppliers. We assessed suppliers accounting for 61% of our total spend in 2024. | |
| 414-2 Negative social impacts in the supply chain and actions taken | We have included suppliers accounting for 61% of our total spend in 2024 in our assessment of sustainability criteria. | 414-2 | Information unavailable / incomplete | We are not able to disclose additional information at this time. | |
| 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 | Financial Performance & Profitable Growth | |||
| GRI 201: Economic Performance 2016 | 201-1 Direct economic value generated and distributed | 2024 Annual Report, Form 10-K, Item 8, p. 36-40 | |||
| 201-2 Financial implications and other risks and opportunities due to climate change | 2024 Annual Report, Form 10-K, p. 10, 14-15 | ||||
| 201-3 Defined benefit plan obligations and other retirement plans | 2024 Annual Report, Form 10-K, p. 33, 38-39, 63-68 | ||||
| 201-4 Financial assistance received from government | Any financial assistance received from government during FY 2024 is immaterial, below our threshold for reporting. | ||||
