GRI Content Index

GRI Standard / Other SourceDisclosureLocation/ResponseOmission
   Requirement(s) OmittedReasonExplanation
General Disclosures
GRI 2: General Disclosures 20212-1 Organizational details2023 Annual Report,
Form 10-K
   
2-2 Entities included in the organization’s sustainability reporting2023 Annual Report,
Note 13, p.71-73
   
2-3 Reporting period, frequency, and contact pointAbout Our Report   
2-4 Restatements of informationPerformance Dashboard   
2-5 External AssuranceEmission data assured through Apex Companies. Waste data assured through ERM CVS.   
2-6 Activities, value chain, and other business relationships2023 Annual Report,
Part 1, Item 1, p.3-7
Markets
Stakeholder Engagement & Materiality
   
2-7 EmployeesAbout Our Report
Performance Dashboard
   
2-8 Workers who are not employees

Performance Dashboard

Less than one percent of colleagues are fixed term contract, temporary, or seasonal.

   
2-9 Governance structure and composition2024 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 body2024 Proxy Statement, Board Responsibilities, p.13   
2-11 Chair of the highest governance body2024 Proxy Statement, Director Nominees, p.72-11 (b)Not applicableThe chair is not a senior executive.
2-12 Role of the highest governance body in overseeing the management of impacts2024 Proxy Statement, Board’s Role in Environmental, Social and Governance Matters Oversight, p.15-17   
2-13 Delegation of Responsibility for managing impacts2024 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 reporting2024 Proxy Statement, Board’s Role in Environmental, Social and Governance Matters Oversight, p.16   
2-15 Conflicts of interest2024 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 bodyGreif 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 bodyThe 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 strategyAbout Our Report   
2-23 Policy CommitmentsEthics & Compliance
Human Rights & Fair Labor Practices
   
2-24 Embedding policy commitmentsEthics & Compliance   
2-25 Processes to remediate negative impacts

2023 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 concernsEthics & Compliance   
2-27 Compliance with laws and regulations

2023 Annual Report, Item 3, p.19
Performance Dashboard

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 associationsTrade Associations   
2-29 Approach to stakeholder engagementStakeholder Engagement & Materiality
Global 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.

   
Material Topics
GRI 3: Material Topics 20213-1 Process to determine material topicsStakeholder Engagement & Materiality   
3-2 List of material topicsStakeholder 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

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.

205-2 Communication and training about anti-corruption policies and procedures

Ethics & Compliance

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,
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

Security

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 Standard / Other Source

Disclosure

Location/Response

Omission

 

 

 

Requirement(s) Omitted

Reason

Explanation

Diversity, Equity & Inclusion

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

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
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

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
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

Performance Dashboard

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

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. 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

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

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

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

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

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

Performance Dashboard
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 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 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

Financial Performance & Profitable Growth

GRI 201: Economic Performance 2016

201-1 Direct economic value generated and distributed

2023 Annual Report,
Form 10-K, Item 8, p.36-40

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

2023 Annual Report,
Form 10-K, p.11, 14-15

201-3 Defined benefit plan obligations and other retirement plans

2023 Annual Report,
Form 10-K, pg.32, 38-39, 62-67

201-4 Financial assistance received from government

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