GRI Content Index

GRI 2: General Disclosures 2021

2-1 Organizational
details

2022 Annual Report,
Form 10-K

2-2 Entities
included in the organization’s
sustainability reporting

2022 Annual Report,
Note 13, p.70-72

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

2022 Annual Report,
Part 1, Item 1, p.3-6
Markets
Stakeholder Engagement & Materiality

2-7 Employees

About Our Report
Performance Dashboard

2-8 Workers who are
not employees

Performance Dashboard

Two Percent of colleagues are fixed term contract, temporary, or
seasonal.

2-9 Governance
structure and composition

2023 Proxy Statement, Board Leadership Structure, p.23
Governance, Policies & Partnerships

In 2022, the Board of Directors was comprised of 12 members. Of these
members, three have identified as female, nine 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

2023 Proxy Statement, Board Responsibilities, p.22

2-11 Chair of the
highest governance body

2023 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

2023 Proxy Statement, Board’s Role in Environmental, Social and Governance Matters
Oversight, p.24-26

2-13 Delegation of
Responsibility for managing impacts

2023 Proxy Statement, Board’s Role in Environmental, Social and
Governance Matters Oversight, p.25
Stakeholder Engagement & Materiality

2-14 Role of the
highest governance body in sustainability reporting

2023 Proxy Statement, Board’s Role in Environmental, Social and Governance Matters
Oversight, p.25

2-15 Conflicts of
interest

2023 Proxy Statement, Certain Relationships and Related Party Transactions, p.54

2-16 Communication
of critical concerns

2023 Proxy Statement, Communications with the Board, p.53

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, the number of reports was 207.

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

2023 Proxy Statement, Compensation Discussion and Analysis, p.33-42

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

2023 Proxy Statement, Compensation Discussion and Analysis, p.33-41

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 will have 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

2023 Proxy Statement, Pay Ratio, p.50

Our pay ratio was 1 to 187 in 2021 and 1 to 88 in 2022, a 47 percent
improvement.

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

2022 Annual Report,
Risks Related to Regulatory and Legal Costs, p.16
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

2022 Annual Report, Item 3, p.19
Performance Dashboard

2-27 (d)

Information
unavailable / incomplete

How significant
instances of non-compliance have been determined is not tracked. We
currently do not have a specific procedure to determine significant
instances of non-compliance, but we utilize a number of processes, such
as the Alertline, EHS site visits and audits.

2-28 Membership
associations

Trade Associations

2-29 Approach to
stakeholder engagement

Stakeholder Engagement & Materiality
Supply Chain Management

2-30 Collective
bargaining agreements

Business Continuity,
Automation and Digitization

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.

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 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 recorded seven instances of non-compliance that resulted in fines.

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 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 2023, we plan to request new suppliers accounting for over $1 million in business to be rated by EcoVadis and we plan to send RFQ with steel suppliers that include multiple questions on environmental and sustainability criteria.

308-2 Negative environmental impacts in the supply chain and actions taken

In 2022, we assessed 60 suppliers with EcoVadis, one of which was determined to have a low theme score for the environment. From the assessment 15 areas of improvement have been highlighted for the suppliers. We have not yet collaborated with the supplier to made improvements or removed them as a supplier for Greif.

308-2

GRI 3: Material Topics 2021

3-3 Management of material topics

Climate Strategy

GRI 302: Energy 2016

302-1 Energy consumption within the organization

2022 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 40 percent of our supply chain that we have assessed, 71.67 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

305-2 Energy indirect (Scope 2) GHG emissions

2022 CDP Response, C6.3
Performance Dashboard

305-3 Other indirect (Scope 3) GHG emissions

2022 CDP Response, C6.5, C6.7, C6.7a
Performance Dashboard

305-4 GHG emissions intensity

Performance Dashboard

305-5 Reduction of GHG emissions

2022 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

305-7

Information unavailable / incomplete

Significant air emissions are not tracked. There currently are no plans to track this information.

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

Water

303-5 (c)

Not applicable

Greif does not utilize water storage tanks as part of our PPS processes.

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

301-1

Information unavailable / incomplete

Total weight or volume of materials that are used to produce and package the organization’s primary products and services during the reporting period is not tracked. In the coming years we will attempt to isolate this metric within our waste stream.

301-2 Recycled input materials used

Circular Manufacturing

301-3 Reclaimed products and their packaging materials

Waste

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

301-3 (a)

Not applicable

Materials we reclaim is not exclusive to our products and includes products from competitors.

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 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.

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

Annually, 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

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

There were no 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 no legal actions pending or completed during the reporting period regarding anti-competitive behavior and violations of anti-trust and monopoly laws.

GRI 3: Material Topics 2021

3-3 Management of material topics

Business Continuity, Automation and Digitization
Human Rights & Fair Labor Practices

GRI 402: Labor/Management Relations 2016

402-1 Minimum notice periods regarding operational changes

Business Continuity, Automation and Digitization

GRI 3: Material Topics 2021

3-3 Management of material topics

Security

GRI 410: Security Practices 2016

410-1 Security personnel trained in human rights policies or procedures

Security

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

Security

GRI 3: Material Topics 2021

3-3 Management of material topics

Diversity, Equity & Inclusion
Human Rights & Fair Labor Practices

GRI 405: Diversity and Equal Opportunity 2016

405-1 Diversity of governance bodies and employees

Diversity, Equity & Inclusion

No members of the Board are under 30 years of age. 18.2 percent are 30-50 years old. 81 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 2022, 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 AlertLine 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.

GRI 3: Material Topics 2021

3-3 Management of material topics

Talent Attraction, Development & Retention
Performance Dashboard

GRI 401: Employment 2016

401-1 New employee hires and employee turnover

Talent Attraction, Development & Retention
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 & Retention

Life insurance and stock ownership are benefits not provided to full-time employees.

401-3 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 currently do not have plans to track this information.

GRI 404: Training and Education 2016

404-1 Average hours of training per year per employee

Performance Dashboard
Talent Attraction, Development & Retention

404-2 Programs for upgrading employee skills and transition assistance programs

Performance Dashboard
Talent Attraction, Development & Retention

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

Talent Attraction, Development, & Retention

404-3

Information unavailable / incomplete

Information on new employees receiving regular performance and career development reviews by employee category is not tracked.

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

Currently, we are not tracking this information at this time 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.

403-2 Hazard identification, risk assessment, and incident investigation

Ethics & Compliance
Health & Safety

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

Greif recorded zero work-related fatalities during the reporting period for both employee and non-employee workers.

In FY 2022, we had 32 LIFE events, which is any incident that either did or could have resulted in a life-altering injury or fatality. Two 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 being struck by, against or between objects.

The Medical Case Rate, which measures the number of recordable injuries per 100 full-time colleagues in a 12-month period, was 1.50 in FY 2022.

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 2022, we had 17 recorded instances of work-related ill health. For non-employees, we had no recorded instances of work-related ill-health.

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.

GRI 3: Material Topics 2021

3-3 Management of material topics

Human Rights & Fair Labor Practices

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

Operations and suppliers in which the right to freedom of association and collective bargaining may be at risk is not tracked. We aim to re-establish the HR review process to better assess this risk in the future.

GRI 408: Child Labor 2016

408-1 Operations and suppliers at significant risk for incidents of child labor

408-1

Information unavailable / incomplete

Operations and suppliers at significant risk for incidents of child labor is not tracked. We aim to re-establish the HR review process to better assess this risk in the future.

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

Operations and suppliers at significant risk for incidents of forced or compulsory labor is not tracked. We aim to re-establish the HR review process to better assess this risk in the future.

GRI 3: Material Topics 2021

3-3 Management of material topics

Innovation

Performance Indicator

Revenue from sustainability-tagged products

Innovation

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

301-1

Information unavailable / incomplete

Total weight or volume of materials that are used to produce and package the
organization’s primary products and services during the reporting period, by non-renewable materials used and renewable materials used is not tracked. There are not currently plans to track this information in the future.

301-2 Recycled input materials used

Performance Dashboard
Circular Manufacturing

301-3 Reclaimed products and their packaging materials

Waste

301-3 (a)

Not applicable

Materials we reclaim is not exclusive to our products and includes products from competitors.

GRI 3: Material Topics 2021

3-3 Management of material topics

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 not currently screening new suppliers based on social criteria. In 2023, we plan to request new suppliers accounting for over $1 million in business to be rated by EcoVadis and we plan to send RFQ with steel suppliers that include multiple questions on environmental and sustainability criteria.

414-2 Negative social impacts in the supply chain and actions taken

414-2

Information unavailable / incomplete

Negative social impacts in the supply chain and actions taken are not tracked. In 2023, we plan to request new suppliers accounting for over $1 million in business to be rated by EcoVadis and we plan to send RFQ with steel suppliers that include multiple questions on environmental and sustainability criteria.

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

2022 Annual Report, Form 10-K, p.37-41

201-2 Financial implications and other risks and opportunities due to climate change

2022 Annual Report, Form 10-K, p.11, 16

201-3 Defined benefit plan obligations and other retirement plans

2022 Annual Report, Form 10-K, p.15, 33, 39-40, 60-66

201-4 Financial assistance received from government

Greif did not receive financial assistance from government during the reporting period.