Greif recognized in the top five percent of all companies evaluated by EcoVadis for its responsible business practices
DELAWARE, OH – January 30, 2018 – Greif, Inc. (NYSE: GEF, GEF.B), a global leader in industrial packaging products and services, today announced that it has been awarded Gold Recognition Level in sustainability performance by EcoVadis, an independent rating agency specializing in the evaluation of Corporate Social Responsibility (CSR), including sustainable development and performance monitoring of suppliers. This achievement places Greif among the top five percent of all companies evaluated by EcoVadis.
“We are honored to receive a Gold rating by EcoVadis,” said Ole Rosgaard, Senior Vice President of Rigid Industrial Packaging and Services Americas and Global Sustainability. “This reflects the effort, dedication and enthusiasm of our colleagues throughout the organization who are working to advance sustainability every day.”
Being serious about sustainability is one of the company’s guiding principles outlined in The Greif Way. The company expresses its commitment to using “financial, natural and human resources wisely without compromising the ability of future generations to meet their needs.”
“While there is more work to do, we are proud of how far we have come, and our progress is a true testament to our commitment to creating shared value through The Greif Way,” said Rosgaard.
Greif reports its corporate responsibility efforts and progress using the Global Reporting Initiative (GRI) standards and is committed to the UN Global Compact.
EcoVadis, which evaluates more than 30,000 suppliers every year, uses a methodology that rates companies according to 21 CSR criteria, grouped under four themes: Environment, Labor, Fair Business Practices and Sustainable Procurement. Its methodology and criteria used are in line with international CSR standards including the Global Reporting Initiative (GRI), UN Global Compact, and ISO 26000.
About Greif, Inc.
Greif is a global leader in industrial packaging products and services and is pursuing its vision to become the world’s best performing customer service company in industrial packaging. The company produces steel, plastic, fibre, flexible, corrugated, and reconditioned containers, intermediate bulk containers, containerboard and packaging accessories, and provides filling, packaging and industrial packaging reconditioning services for a wide range of industries. Greif also manages timber properties in the south eastern United States. The company is strategically positioned in more than 40 countries to serve global as well as regional customers. Additional information is on the company's website at www.greif.com.