DELAWARE, Ohio, April 22, 2026 – Greif, Inc. (NYSE: GEF, GEF.B), a global leader in industrial packaging products and services, has announced a major commitment to the Science Based Targets initiative (SBTi), reinforcing its long-standing dedication to climate action and emissions reduction. Simultaneously, the company has released its 17th annual Sustainability Report, which comprehensively details progress made in 2025 toward advancing responsible business practices and creating long-term value.
Advancing Toward Science-Based Net-Zero Targets
Through its commitment to the SBTi, Greif will develop science-based near-term and long-term greenhouse gas emissions reduction targets. These targets will include Scope 3 value chain emissions reductions, aligning with the SBTi Net-Zero Standard. Once finalized, the company plans to submit these targets to the SBTi for independent validation, with an announcement expected following the completion of the review process.
This commitment builds upon a climate program that has been deeply embedded across Greif's operations and extended throughout its value chain. It represents the fifth generation of climate targets established by the company since 2007. Over nearly two decades, Greif has consistently met its prior targets, demonstrating a strong track record of disciplined execution, transparency, and accountability in managing its environmental impact.
Leadership Perspective on Climate Strategy
Ole Rosgaard, President and Chief Executive Officer of Greif, emphasized that this announcement reflects both continuity and progress in the company's climate strategy. "Greif has been actively working to reduce its environmental footprint for many years," Rosgaard stated. "Committing to the Science Based Targets initiative reinforces our focus on credible, science-based climate action and supports our customers, partners, and other stakeholders as they pursue their own climate and sustainability goals."
Delivering Measurable Progress in 2025 Sustainability Report
The SBTi commitment is complemented by the release of Greif's 17th annual Sustainability Report, which highlights significant advancements in climate action and circular economy solutions. Key initiatives from 2025 include the activation of a virtual power purchase agreement (VPPA) supporting solar energy in Spain, as well as new on-site solar installations in Costa Rica and China.
Notable Achievements from the Report
The report outlines several critical accomplishments:
- Diverted 88 percent of waste from landfill and achieved Zero Waste to Landfill status at 155 facilities globally.
- Expanded the portfolio of sustainable solutions, including the launch of EcoBalance Low Carbon Emission Steel Drums.
- Collected more than 3.7 million containers for reconditioning, remanufacturing, or recycling, generating over $1.1 billion from sustainability-tagged products and services.
Greif's progress continues to receive external recognition, maintaining strong third-party ratings in 2025. These include CDP (B), MSCI (AA), and ISS ESG scores. The company also earned spots on Newsweek's lists of Most Loved Workplaces and Most Responsible Companies, underscoring its commitment to both environmental and social responsibility.
This dual announcement marks a significant step forward in Greif's sustainability journey, aligning corporate strategy with global climate goals while delivering tangible environmental and economic benefits.
