2020 Sustainability Report
Committed to using financial, natural and human resources wisely without compromising the ability of future generations to meet their needs
GRI Content Index
General Standard Disclosures
| GRI Indicator | Description | Location |
|---|
Organizational Profile
| GRI 102: General Disclosures 2019 | 102-1 Name of the organization | Greif Inc. |
| GRI 102: General Disclosures 2019 | 102-2 Activities, brands, products, and services | Products, Services, and Markets 2020 Annual Report, Item 1, pp. 10-13 |
| GRI 102: General Disclosures 2019 | 102-3 Location of headquarters | Delaware, OH |
| GRI 102: General Disclosures 2019 | 102-4 Location of operations | Countries of Operation Global Footprint |
| GRI 102: General Disclosures 2019 | 102-5 Ownership and legal form | 2020 Annual Report, Item 1, p. 5 |
| GRI 102: General Disclosures 2019 | 102-6 Markets served | Countries of Operation Global Footprint Products, Services, and Markets |
| GRI 102: General Disclosures 2019 | 102-7 Scale of the organization | Organizational Overview 2020 Annual Report, p. 8, Item 8, p. 49 |
| GRI 102: General Disclosures 2019 | 102-8 Information on employees and other workers | Our Workforce |
| GRI 102: General Disclosures 2019 | 102-9 Supply chain | Stakeholder Engagement & Materiality |
| GRI 102: General Disclosures 2019 | 102-10 Significant changes to the organization and its supply chain | 2020 Annual Report, pp. 40-41, Note 6, p. 66 |
| GRI 102: General Disclosures 2019 | 102-11 Precautionary Principle or approach | Addressing Risk 2021 Proxy Statement, p. 14 |
| GRI 102: General Disclosures 2019 | 102-12 External initiatives | About Our Report Governance, Policies & Partnerships |
| GRI 102: General Disclosures 2019 | 102-13 Memberships of associations | Trade Associations |
Strategy
| GRI 102: General Disclosures 2019 | 102-14 Statement from senior decision-maker | CEO Letter |
Ethics and Integrity
| GRI 102: General Disclosures 2019 | 102-16 Values, principles, standards, and norms of behavior | Governance, Policies & Partnerships Ethics & Compliance The Greif Way |
Governance
| GRI 102: General Disclosures 2019 | 102-18 Governance structure | Governance, Policies & Partnerships 2021 Proxy Statement, pp. 14-15 |
| GRI 102: General Disclosures 2019 | 102-20 Executive-level responsibility for economic, environmental, and social topics | Governance, Policies & Partnerships |
| GRI 102: General Disclosures 2019 | 102-23 Chair of the highest governance body | Michael Gasser serves as Chairman of the Board of Directors; Peter Watson serves as President and Chief Executive Officer |
Stakeholder Engagement
| GRI 102: General Disclosures 2019 | 102-40 List of stakeholder groups | Stakeholder Engagement & Materiality |
| GRI 102: General Disclosures 2019 | 102-41 Collective bargaining agreements | Human Rights & Fair Labor Practices Performance Dashboard Our Workforce |
| GRI 102: General Disclosures 2019 | 102-42 Identifying and selecting stakeholders | Stakeholder Engagement & Materiality |
| GRI 102: General Disclosures 2019 | 102-43 Approach to stakeholder engagement | Stakeholder Engagement & Materiality |
| GRI 102: General Disclosures 2019 | 102-44 Key topics and concerns raised | Stakeholder Engagement & Materiality |
Reporting Practices
| GRI 102: General Disclosures 2019 | 102-45 Entities included in the consolidated financial statements | Greif’s Significant Subsidiaries 2020 Annual Report, Exhibit 21, p. 107 |
| GRI 102: General Disclosures 2019 | 102-46 Defining report content and topic Boundaries | Stakeholder Engagement & Materiality |
| GRI 102: General Disclosures 2019 | 102-47 List of material topics | Stakeholder Engagement & Materiality |
| GRI 102: General Disclosures 2019 | 102-48 Restatements of information | Performance Dashboard |
| GRI 102: General Disclosures 2019 | 102-49 Changes in reporting | Report topics based on 2020 Stakeholder Engagement & Materiality |
| GRI 102: General Disclosures 2019 | 102-50 Reporting period | About Our Report |
| GRI 102: General Disclosures 2019 | 102-51 Date of most recent report | 2020 Sustainability Report |
| GRI 102: General Disclosures 2019 | 102-52 Reporting cycle | Annual |
| GRI 102: General Disclosures 2019 | 102-53 Contact point for questions regarding the report | About Our Report |
| GRI 102: General Disclosures 2019 | 102-54 Claims of reporting in accordance with the GRI Standards | This report has been prepared in accordance with the GRI Standards: Core option |
| GRI 102: General Disclosures 2019 | 102-55 GRI content index | GRI Content Index |
| GRI 102: General Disclosures 2019 | 102-56 External assurance | Emission data assured through APEX Companies |
Specific Standard Disclosures
| GRI Indicator | Description | Location | Omissions |
|---|
Economic Topics
| Economic Performance | |||
| GRI 103: Management Approach 2019 | 103-1 Explanation of the material topic and its Boundary | 2020 Annual Report | |
| GRI 103: Management Approach 2019 | 103-2 Explain management approach components | 2020 Annual Report | |
| GRI 103: Management Approach 2019 | 103-3 Evaluate management approach | Financial Performance & Profitable Growth 2020 Annual Report | |
| GRI 201: Economic Performance 2019 | 201-1 Direct economic value generated and distributed | 2020 Annual Report | |
| GRI 201: Economic Performance 2019 | 201-2 Financial implications and other risks and opportunities due to climate change | 2020 Annual Report, Item 1A, pp. 17, 24 | |
| GRI 201: Economic Performance 2019 | 201-3 Defined benefit plan obligations and other retirement plans | 2020 Annual Report, Note 10, pp. 79-84 | |
| Anti-corruption | |||
| GRI 103: Management Approach 2019 | 103-1 Explanation of the material topic and its Boundary | Ethics & Compliance Anti-Bribery Compliance Policy Code of Business Conduct and Ethics Corporate Governance Guidelines Insider Trading Policy | |
| GRI 103: Management Approach 2019 | 103-2 Explain management approach components | Ethics & Compliance Anti-Bribery Compliance Policy Code of Business Conduct and Ethics Corporate Governance Guidelines Insider Trading Policy | |
| GRI 103: Management Approach 2019 | 103-3 Evaluate management approach | Ethics & Compliance Anti-Bribery Compliance Policy Code of Business Conduct and Ethics Corporate Governance Guidelines Insider Trading Policy | |
| GRI 205: Anti-corruption 2019 | 205-1 Operations assessed for risks related to corruption | Ethics & Compliance Anti-Bribery Compliance Policy | |
| GRI 205: Anti-corruption 2019 | 205-2 Communication and training about anti-corruption policies and procedures | Ethics & Compliance Anti-Bribery Compliance Policy | |
| GRI 205: Anti-corruption 2019 | 205-3 Confirmed incidents of corruption and actions taken | Greif is not aware of confirmed incidents of corruption | |
| Anti-competitive Behavior | |||
| GRI 103: Management Approach 2019 | 103-1 Explanation of the material topic and its Boundary | Ethics & Compliance Antitrust/Competition Compliance Policy | |
| GRI 103: Management Approach 2019 | 103-2 Explain management approach components | Ethics & Compliance Antitrust/Competition Compliance Policy | |
| GRI 103: Management Approach 2019 | 103-3 Evaluate management approach | Ethics & Compliance Antitrust/Competition Compliance Policy | |
| GRI 206: Anti-competitive behavior 2019 | 206-1 Legal actions for anti-competitive behavior, anti-trust, and monopoly practices | Zero | |
| Customer Service Excellence | |||
| GRI 103: Management Approach 2019 | 103-1 Explanation of the material topic and its Boundary | Customer Service Excellence | |
| GRI 103: Management Approach 2019 | 103-2 Explain management approach components | Customer Service Excellence | |
| GRI 103: Management Approach 2019 | 103-3 Evaluate management approach | Customer Service Excellence | |
| Customer Satisfaction Index | Customer Service Excellence | ||
| Net Promoter Score | Customer Service Excellence | ||
| Innovation | |||
| GRI 103: Management Approach 2019 | 103-1 Explanation of the material topic and its Boundary | Innovation | |
| GRI 103: Management Approach 2019 | 103-2 Explain management approach components | Innovation | |
| GRI 103: Management Approach 2019 | 103-3 Evaluate management approach | Innovation | |
| Percentage of revenue from sustainability-tagged products | 7% | ||
| Risk Management & Business Continuity | |||
| GRI 103: Management Approach 2019 | 103-1 Explanation of the material topic and its Boundary | Risk Management & Business Continuity | |
| GRI 103: Management Approach 2019 | 103-2 Explain management approach components | Risk Management & Business Continuity | |
| GRI 103: Management Approach 2019 | 103-3 Evaluate management approach | Risk Management & Business Continuity | |
| Significant business continuity issues in 2020 | Greif did not experience any business continuity issues that resulted in missed customer orders in 2020. | ||
Environmental Topics
| Materials | |||
| GRI 103: Management Approach 2019 | 103-1 Explanation of the material topic and its Boundary | Waste Innovation | |
| GRI 103: Management Approach 2019 | 103-2 Explain management approach components | Waste Innovation | |
| GRI 103: Management Approach 2019 | 103-3 Evaluate management approach | Waste Innovation | |
| GRI 301: Materials 2019 | 301-3 Reclaimed products and their packaging materials | Waste Performance Dashboard | |
| Energy | |||
| GRI 103: Management Approach 2019 | 103-1 Explanation of the material topic and its Boundary | Climate Strategy | |
| GRI 103: Management Approach 2019 | 103-2 Explain management approach components | Climate Strategy | |
| GRI 103: Management Approach 2019 | 103-3 Evaluate management approach | Climate Strategy | |
| GRI 302: Energy 2019 | 302-1 Energy consumption within the organization | Climate Strategy Performance Dashboard | |
| GRI 302: Energy 2019 | 302-4 Reduction of energy consumption | Climate Strategy Performance Dashboard | |
| Water | |||
| GRI 103: Management Approach 2019 | 103-1 Explanation of the material topic and its Boundary | Water | |
| GRI 103: Management Approach 2019 | 103-2 Explain management approach components | Water | |
| GRI 103: Management Approach 2019 | 103-3 Evaluate management approach | Water | |
| GRI 303: Water 2019 | 303-1 Water withdrawal by source | Performance Dashboard | |
| GRI 303: Water 2019 | 303-2 Water sources significantly affected by withdrawal of water | Performance Dashboard Water | |
| GRI 303: Water 2019 | 303-3 Water recycled and reused | Performance Dashboard | |
| Biodiversity | |||
| GRI 103: Management Approach 2019 | 103-1 Explanation of the material topic and its Boundary | Biodiversity | |
| GRI 103: Management Approach 2019 | 103-2 Explain management approach components | Biodiversity | |
| GRI 103: Management Approach 2019 | 103-3 Evaluate management approach | Biodiversity | |
| GRI 304: Biodiversity 2019 | 304-3 Habitats protected or restored | Biodiversity | |
| Emissions | |||
| GRI 103: Management Approach 2019 | 103-1 Explanation of the material topic and its Boundary | Climate Strategy | |
| GRI 103: Management Approach 2019 | 103-2 Explain management approach components | Climate Strategy | |
| GRI 103: Management Approach 2019 | 103-3 Evaluate management approach | Climate Strategy | |
| GRI 305: Emissions 2019 | 305-1.2 Explain whether offsets were used | Performance Dashboard | |
| GRI 305: Emissions 2019 | 305-1 Direct (Scope 1) GHG emissions | Climate Strategy Performance Dashboard | |
| GRI 305: Emissions 2019 | 305-2 Energy indirect (Scope 2) GHG emissions | Climate Strategy Performance Dashboard | |
| GRI 305: Emissions 2019 | 305-3 Other indirect (Scope 3) GHG emissions | Climate Strategy Performance Dashboard | |
| GRI 305: Emissions 2019 | 305-4 GHG emissions intensity | Climate Strategy Performance Dashboard | |
| GRI 305: Emissions 2019 | 305-5 Reduction of GHG emissions | Climate Strategy Performance Dashboard | |
| Effluents and Waste | |||
| GRI 103: Management Approach 2019 | 103-1 Explanation of the material topic and its Boundary | Water Waste | |
| GRI 103: Management Approach 2019 | 103-2 Explain management approach components | Water Waste | |
| GRI 103: Management Approach 2019 | 103-3 Evaluate management approach | Water Waste | |
| GRI 306: Effluents and Waste 2019 | 306-1 Water discharge by quality and destination | Water Performance Dashboard | |
| GRI 306: Effluents and Waste 2019 | 306-2 Waste by type and disposal method | Water Performance Dashboard | |
| GRI 306: Effluents and Waste 2019 | 306-3 Significant spills | Performance Dashboard Water Zero | |
| GRI 306: Effluents and Waste 2019 | 306-5 Water bodies affected by water discharges and/or runoff | Water Performance Dashboard | |
| Environmental Compliance | |||
| GRI 103: Management Approach 2019 | 103-1 Explanation of the material topic and its Boundary | Environmental Management Systems | |
| GRI 103: Management Approach 2019 | 103-2 Explain management approach components | Environmental Management Systems | |
| GRI 103: Management Approach 2019 | 103-3 Evaluate management approach | Environmental Management Systems | |
| GRI 307: Environmental Compliance 2019 | 307-1 Non-compliance with environmental laws and regulations | Cradle to Cradle Manufacturing, Reconditioning & Recycling Container Life Cycle Management | |
| Supply Chain Management | |||
| GRI 103: Management Approach 2019 | 103-1 Explanation of the material topic and its Boundary | Supply Chain Management | |
| GRI 103: Management Approach 2019 | 103-2 Explain management approach components | Supply Chain Management | |
| GRI 103: Management Approach 2019 | 103-3 Evaluate management approach | Supply Chain Management | |
| Annual EcoVadis score | Gold | ||
| Cradle to Cradle Manufacturing, Reconditioning & Recycling | |||
| GRI 103: Management Approach 2019 | 103-1 Explanation of the material topic and its Boundary | Cradle to Cradle Manufacturing, Reconditioning & Recycling | |
| GRI 103: Management Approach 2019 | 103-2 Explain management approach components | Cradle to Cradle Manufacturing, Reconditioning & Recycling | |
| GRI 103: Management Approach 2019 | 103-3 Evaluate management approach | Cradle to Cradle Manufacturing, Reconditioning & Recycling | |
| Drums and IBCs Reconditioned | Performance Dashboard Waste | ||
Social Topics
| Employment | |||
| GRI 103: Management Approach 2019 | 103-1 Explanation of the material topic and its Boundary | Talent Attraction, Development & Retention | |
| GRI 103: Management Approach 2019 | 103-2 Explain management approach components | Talent Attraction, Development & Retention | |
| GRI 103: Management Approach 2019 | 103-3 Evaluate management approach | Talent Attraction, Development & Retention | |
| GRI 401: Employment 2019 | 401-1 New employee hires and employee turnover | Talent Attraction, Development & Retention Performance Dashboard | |
| GRI 401: Employment 2019 | 401-3 Parental leave | Talent Attraction, Development & Retention | |
| Occupational Health and Safety | |||
| GRI 103: Management Approach 2019 | 103-1 Explanation of the material topic and its Boundary | Health & Safety | |
| GRI 103: Management Approach 2019 | 103-2 Explain management approach components | Health & Safety | |
| GRI 103: Management Approach 2019 | 103-3 Evaluate management approach | Health & Safety | |
| GRI 403: Occupational Health and Safety 2019 | 403-1 Workers representation in formal joint management–worker health and safety committees | Health & Safety | |
| GRI 403: Occupational Health and Safety 2019 | 403-2 Types of injury and rates of injury, occupational diseases, lost days, and absenteeism, and number of work-related fatalities | Health & Safety Performance Dashboard | |
| GRI 403: Occupational Health and Safety 2019 | 403-4 Health and safety topics covered in formal agreements with trade unions | Health & Safety | |
| Training and Education | |||
| GRI 103: Management Approach 2019 | 103-1 Explanation of the material topic and its Boundary | Talent Attraction, Development & Retention | |
| GRI 103: Management Approach 2019 | 103-2 Explain management approach components | Talent Attraction, Development & Retention | |
| GRI 103: Management Approach 2019 | 103-3 Evaluate management approach | Talent Attraction, Development & Retention | |
| GRI 404: Training and Education 2019 | 404-1 Average hours of training per year per employee | Talent Attraction, Development & Retention Performance Dashboard | |
| GRI 404: Training and Education 2019 | 404-2 Programs for upgrading employee skills and transition assistance programs | Talent Attraction, Development & Retention Outplacement support may be provided when appropriate to support career endings and facility closures, determined by local management discretion. | |
| GRI 404: Training and Education 2019 | 404-3 Percentage of employees receiving regular performance and career development reviews | Talent Attraction, Development & Retention | |
| Diversity and Equal Opportunity | |||
| GRI 103: Management Approach 2019 | 103-1 Explanation of the material topic and its Boundary | Diversity, Equity & Inclusion Equal Employment Opportunity and Diversity Policy | |
| GRI 103: Management Approach 2019 | 103-2 Explain management approach components | Diversity, Equity & Inclusion Equal Employment Opportunity and Diversity Policy | |
| GRI 103: Management Approach 2019 | 103-3 Evaluate management approach | Diversity, Equity & Inclusion Equal Employment Opportunity and Diversity Policy | |
| GRI 405: Diversity and Equal Opportunity 2019 | 405-2 Ratio of basic salary and remuneration of women to men | Performance Dashboard | |
| Non-discrimination | |||
| GRI 103: Management Approach 2019 | 103-1 Explanation of the material topic and its Boundary | Human Rights & Fair Labor Practices Equal Employment Opportunity and Diversity Policy | |
| GRI 103: Management Approach 2019 | 103-2 Explain management approach components | Human Rights & Fair Labor Practices Equal Employment Opportunity and Diversity Policy | |
| GRI 103: Management Approach 2019 | 103-3 Evaluate management approach | Human Rights & Fair Labor Practices Equal Employment Opportunity and Diversity Policy | |
| GRI 406: Non-discrimination 2019 | 406-1 Incidents of discrimination and corrective actions taken | No incidents reported | |
| Freedom of Association and Collective Bargaining | |||
| GRI 103: Management Approach 2019 | 103-1 Explanation of the material topic and its Boundary | Human Rights & Fair Labor Practices Human Rights Policy | |
| GRI 103: Management Approach 2019 | 103-2 Explain management approach components | Human Rights & Fair Labor Practices Human Rights Policy | |
| GRI 103: Management Approach 2019 | 103-3 Evaluate management approach | Human Rights & Fair Labor Practices Human Rights Policy | |
| GRI 407: Freedom of Association and Collection 2019 | 407-1 Operations and suppliers in which the right to freedom of association and collective bargaining may be at risk | Human Rights & Fair Labor Practices | |
| Child Labor | |||
| GRI 103: Management Approach 2019 | 103-1 Explanation of the material topic and its Boundary | Human Rights & Fair Labor Practices Child Labor Policy | |
| GRI 103: Management Approach 2019 | 103-2 Explain management approach components | Human Rights & Fair Labor Practices Child Labor Policy | |
| GRI 103: Management Approach 2019 | 103-3 Evaluate management approach | Human Rights & Fair Labor Practices Child Labor Policy | |
| GRI 408: Child Labor 2019 | 408-1 Operations and suppliers at significant risk for incidents of child labor | No significant risks have been identified | |
| Forced or Compulsory Labor | |||
| GRI 103: Management Approach 2019 | 103-1 Explanation of the material topic and its Boundary | Human Rights & Fair Labor Practices Human Rights Policy | |
| GRI 103: Management Approach 2019 | 103-2 Explain management approach components | Human Rights & Fair Labor Practices Human Rights Policy | |
| GRI 103: Management Approach 2019 | 103-3 Evaluate management approach | Human Rights & Fair Labor Practices Human Rights Policy | |
| GRI 409: Forced of Compulsory Labor 2019 | 409-1 Operations and suppliers at significant risk for incidents of forced or compulsory labor | No significant risks have been identified | |
| Human Rights Assessment | |||
| GRI 103: Management Approach 2019 | 103-1 Explanation of the material topic and its Boundary | Human Rights & Fair Labor Practices Human Rights Policy | |
| GRI 103: Management Approach 2019 | 103-2 Explain management approach components | Human Rights & Fair Labor Practices Human Rights Policy | |
| GRI 103: Management Approach 2019 | 103-3 Evaluate management approach | Human Rights & Fair Labor Practices Human Rights Policy | |
| GRI: 412: Human Rights Assessment 2019 | 412-2 Employee training on human rights policies or procedures | Ethics & Compliance | |
| Customer Health and Safety | |||
| GRI 103: Management Approach 2019 | 103-1 Explanation of the material topic and its Boundary | Product Quality | |
| GRI 103: Management Approach 2019 | 103-2 Explain management approach components | Product Quality | |
| GRI 103: Management Approach 2019 | 103-3 Evaluate management approach | Product Quality | |
| GRI 416: Customer Health and Safety 2019 | 416-2 Incidents of non-compliance concerning the health and safety impacts of products and services | Product Quality Performance Dashboard | |
| Customer Privacy | |||
| GRI 103: Management Approach 2019 | 103-1 Explanation of the material topic and its Boundary | Security 2020 Annual Report, p. 21 | |
| GRI 103: Management Approach 2019 | 103-2 Explain management approach components | Security 2020 Annual Report, p. 21 | |
| GRI 103: Management Approach 2019 | 103-3 Evaluate management approach | Security 2020 Annual Report, p. 21 | |
| GRI 418: Customer Privacy 2019 | 418-1 Substantiated complaints concerning breaches of customer privacy and losses of customer data | Security | |
89.1%
Performance Development Review Completion
Eligible colleagues completed their annual Performance Development review, reviewing their competencies and planning against their competency frameworks.
93
Average Customer Satisfaction Index Score
Our highest scores ever, demonstrating our commitment to serving our customers better.
11.0%
Emissions Intensity Reduction
Against our 2014 baseline in support of our 2020 goal.
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