At Greif, we believe that sustainability and business performance go hand in hand. A great example of this is our work with sustainable financing, a tool that rewards companies for improving their sustainability performance, and the value it creates for our customers, suppliers, and communities.
What is sustainable financing?
Sustainable financing refers to financial arrangements, such as loans, that are linked to a company’s sustainability performance. If the company meets defined environmental, social, or governance (ESG) targets, it can receive more favorable financial terms.
In short: the better the sustainability performance, the better the financing conditions.
Using EcoVadis to Measure Performance
To track progress, Greif relies on EcoVadis, one of the most trusted global sustainability rating platforms. EcoVadis evaluates companies across environmental impact, labor and human rights, ethics, and sustainable procurement, and issues a score that reflects overall sustainability performance.
Our Sustainable Financing Journey
In 2022, Greif signed a sustainable financing agreement that linked our loan pricing to achieving a targeted EcoVadis score. Once we reached that target, we unlocked meaningful financial benefits for the company. These savings strengthen our ability to reinvest in our operations, enhance our sustainability programs, and increase the value we deliver to our customers and suppliers.
Why this Matters
This year, Greif renewed its sustainable financing agreement, which now extends through 2031 and remains tied to our EcoVadis performance. As our score continues to improve, so does our potential to unlock additional financial benefits, further reinforcing the connection between strong sustainability performance and positive business results.
Sustainable financing is more than a financial mechanism — it reflects Greif’s long-term commitment to responsible growth.
- For customers: Improved sustainability performance enhances supply chain resilience and supports your own ESG goals.
- For suppliers: It underscores our shared commitment to responsible sourcing and ethical business practices.
- For communities: Better sustainability performance contributes to reduced environmental impact and stronger social responsibility.
Greif’s sustainable financing work demonstrates that doing the right thing for the environment and society can also drive stronger business results. By continuously improving our sustainability performance, we reinforce operational strength, build stakeholder trust, and contribute to a more sustainable future.