Greif Inc

Common Name
Greif
Country
United States
Sector
Consumer Cyclical
Industry
Packaging & Containers
Employees
14,000
Ticker
GEF
Exchange
NEW YORK STOCK EXCHANGE, INC.
Description
Greif Inc., a global leader in industrial packaging products and services, specializes in providing a comprehensive range of containers made from various materials like steel, plastic, and fiber. Grei...

Greif Energy Data Preview

In 2023, Greif disclosed key data related to its energy management practices, providing transparency into its operational energy use in line with recognized sustainability reporting frameworks.

Greif disclosed progress toward renewable energy adoption, highlighting the share of total energy sourced from renewable versus non-renewable sources.

Finally, Greif also reported the types of energy sources as well as generation technologies, helping stakeholders evaluate Greif's reliance on fossil fuels versus cleaner alternatives.

Metric (GJ)2023202220212020 - 2017
Total Energy Consumed
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Renewable Energy Consumed
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Non-renewable Energy Consumed
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Verified Sources Behind Greif’s Energy Management Data

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a. Greif's Sustainability Report 2023
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Insights into Greif's Energy Renewability

In 2023, Greif consumed a total of 20.14 million Gigajoules of energy across its operations. Of this total, 14.93% was sourced from renewable energy, either derived from natural resources like biofuels, biomass, or biogas, or generated using renewable technologies such as solar or wind power. The remaining 85.07% was classified as non-renewable energy, coming from fossil-based fuels such as coal, natural gas, or crude oil, or from non-renewable generation technologies like nuclear power. a

Greif's Energy Renewability Rate

15%

How much of Greif's energy consumed is renewable?

In 2023, Greif consumed a total of 20.14 million Gigajoules of energy, of which 14.93% was derived from renewable sources, including biofuels, biomass, biogas, solar, and wind power. a

This low level of renewable energy use highlights a heavy reliance on fossil fuels or other non-renewable sources, suggesting that Greif has considerable room to improve its energy sustainability strategy.

Are Greif's energy practices becoming more sustainable?

Since 2019, Greif's total energy consumption increased by 3.63%, but declined by 8.97% in 2023, suggesting a recent moderation in energy use. a

Over the same period, the share of renewable energy in Greif's consumption increased by 25.25%, including a 1.85% increase in 2023, showing consistent progress in clean energy adoption. a

Overall, Greif’s energy trends reveal a complex picture, with variations in total consumption and renewable sourcing. A closer examination of operational drivers and sourcing strategies is needed to fully assess the company’s environmental impact.

Greif's Renewable vs Non-renewable Energy Over Time

20.77 M5.77 M20.77 MGigajoules (GJ)2019202020212022202315%15%88%89%89%85%85%
  • Renewable Energy Consumed
  • Non-renewable Energy Consumed

Insights into Greif's Energy Consumption & Production Mix

In 2023, Greif disclosed detailed information on the sources and generation technologies of the energy it consumed. This disclosure enables a clearer assessment of the Greif's overall energy mix, its sourcing strategy, and its reliance on fossil fuels versus cleaner alternatives such as renewables and low-carbon technologies.

Greif's Energy Consumed by Sources and Technologies

Coal, Crude Oil,Lignite (Brown Coal)and Natural Gas(80.5%)Biomass andElectricity(Unspecified Source)(19.5%)

What are the main sources and generation technologies behind Greif's energy consumption?

In 2023, Greif's total energy consumption was primarily sourced from

  • Coal, Crude Oil, Lignite (Brown Coal) and Natural Gas (80.55%)
  • Biomass and Electricity (Unspecified Source) (19.45%)

How diverse is Greif’s energy consumption mix?

In 2023, Greif consumed energy from 4 different sources or generation technologies, indicating a highly concentrated energy mix, with Coal, Crude Oil, Lignite (Brown Coal) and Natural Gas alone accounting for 80.55% of total consumption.

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