Greif Releases 2021 Sustainability Report Highlighting Environmental, Social and Governance Priorities and Progress

13^th consecutive annual report provides an update on Greif's sustainability progress, performance and highlights in 2021, including significant milestones on climate, waste and circularity commitments

DELAWARE, Ohio, April 22, 2022  /PRNewswire/ -- Greif, Inc. (NYSE: GEF, GEF.B) a global leader in industrial packaging products and services, announced today the release of its online 2021 Sustainability Report describing the Company's efforts to advance its environmental, social and governance (ESG) priorities. This is Greif's 13^th consecutive annual publication and details the Company's continued commitment to creating shared value for customers, stakeholders and the environment.

"Protecting Our Future is one of the four key missions of Greif's Build to Last strategy. Sustainability is a critical component to this journey, and we made substantial progress in 2021 towards our vision for a sustainable future at Greif," said Ole Rosgaard, Greif's President and Chief Executive Officer. "We are excited and proud to share that progress in this latest report and look forward to expanding upon our goals and commitments at our upcoming Investor Day on June 23, 2022."

The online 2021 Sustainability Report features comprehensive information our strategic sustainability focus areas, ESG data and examples of how colleagues are supporting Greif in its commitment to sustainability and The Greif Way by delivering superior customer service; reducing our footprint; addressing risk; valuing our people; advancing the circular economy; financial performance; and profitable growth.

Report highlights include:

• Updates on key milestones, such as Greif achieving >90% waste diverted from landfill at 149 facilities, including 50 facilities achieving our Zero Waste to Landfill target.
• Review of our 2021 Materiality Assessment, including identified material sustainability topics and progress made on each topic.
• Discussion of Greif Diversity, Equity & Inclusion efforts and key milestones achieved.
• Results from our 2021 Climate Change Workshop, including key opportunities identified and performance on those opportunities.
• Discussion of new key partnerships that will help further advance Greif's sustainability leadership and attain our 2030 Goals.

Greif's has again been recognized as a leader in sustainability strategy by several key independent organizations:

• Awarded Gold Rating by EcoVadis for the 4^th consecutive year, demonstrating continued excellence in implementing sustainability solutions.
• Recognized by CDP with a score of B, demonstrating excellence in carbon management, governance, strategy and best practices, and outperforming the overall and North American average CDP score of C.
• Recognized as one of both Newsweek's America's Most Responsible Companies & Most Loved Workplaces.
• Obtained Sustainable Forestry Initiative Certification & Conservation Leadership Award for outstanding climate standards in our Land Management business.

The report is prepared in full accordance with the GRI Standards: Core option and the Sustainability Accounting Standards Board (SASB) Application Guidance. It fulfills the United Nations Global Compact (UNGC) annual Communication on Progress (COP). This is also our second report that aligns our climate-related disclosures with recommendations from the Task Force on Climate-related Financial Disclosures (TCFD).

About Greif

Greif is a global leader in industrial packaging products and services and is pursuing its vision: to be the best performing customer service company in the world. The Company produces steel, plastic and fibre drums, intermediate bulk containers, reconditioned containers, containerboard, uncoated recycled paperboard, coated recycled paperboard, tubes and cores and a diverse mix of specialty products. The Company also manufactures packaging accessories and provides filling, packaging and other services for a wide range of industries. In addition, Greif manages timber properties in the southeastern United States. The Company is strategically positioned in over 35 countries to serve global as well as regional customers. Additional information is on the Company's website at www.greif.com.

Contact:
Matt Leahy
740-549-6158
matthew.leahy@greif.com 

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SOURCE Greif, Inc.