In 2024, Greif completed a corporate carbon footprint assessment and publicly disclosed its greenhouse gas (GHG) emissions according to the GHG Protocol, covering Scope 1 (direct emissions from owned or controlled sources), Scope 2 (indirect emissions from purchased energy) and Scope 3 (indirect emissions across the value chain).
Greif has also provided a category-level breakdown for 10 out of 15 Scope 3 emissions categories, offering greater transparency into its value chain emissions.
| Metric (tCO2e) | 2024 | 2023 | 2022 | 2021-2019 |
|---|---|---|---|---|
Total Scope 1 | 625,000a | 605,000a | 756,000a | |
Total Scope 2 | ||||
Market-Based | 495,000a | 503,000a | 578,000a | |
Location-Based | 476,000a | 494,000a | 565,000a | |
Total Scope 3 | 5,144,000a | 5,062,000a | 5,019,000a | |
Total Scope 1 Revenue Intensity (tCO2e/$M) | 143.5165a | 115.9315a | 119.0645a |
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In 2024, the total operational greenhouse gas (GHG) emissions of Greif amounted to 1,101,000 metric tons of CO2 equivalent. This figure includes both direct emissions from owned or controlled sources (Scope 1) and indirect emissions from purchased energy (Scope 2).a
Compared to 2023, the total operational greenhouse gas (GHG) emissions of Greif increased by 0.18%, suggesting that the company faced challenges in reducing its emissions from its core operations.a
In 2024, the total Scope 1 emissions of Greif were 625,000 metric tons of CO₂ equivalent (tCO₂e).a
Since 2019, Greif's Scope 1 emissions have decreased by 8.89%, reflecting a declining long-term trend in Scope 1 emissions over time.ab
Compared to the previous year (2023), Greif's Scope 1 emissions increased by 3.31%, suggesting that the company faced challenges in reducing emissions from its directly owned or controlled operations.a
In 2024, Greif reported Scope 2 greenhouse gas (GHG) emissions of 495,000 tCO₂e using the market-based method and 476,000 tCO₂e using the location-based method.a
Since 2019, Greif's Scope 2 greenhouse gas (GHG) emissions (Location-Based) have decreased by 23.5%, reflecting a declining long-term trend in Scope 2 emissions over time.ac
Compared to the previous year (2023), Greif's Scope 2 emissions (Location-Based) have remained relatively stable, indicating that Greif's emissions have plateaued with no significant change in its energy consumption footprint.a
In 2024, Greif reported its Scope 2 emissions using the market-based method and using the location-based method.a
In 2024, Greif reported 5,144,000 metric tons of CO₂ equivalent (tCO₂e) of Scope 3 greenhouse gas (GHG) emissions, representing indirect emissions across its upstream and downstream value chain.a
The 2024 disclosure of Greif includes a breakdown across 10 of the 15 Scope 3 categories defined by the GHG Protocol, up from 8 in 2023, reflecting improved emissions accounting practices and greater transparency across the company's value chaina
In 2024, Greif reported total Scope 3 emissions of 5,144,000 metric tons of CO₂ equivalent (tCO₂e).a
Approximately 69.63% of these emissions originated from upstream activities such as purchased goods and capital goods, while 30.37% came from downstream activities like product use, distribution, and end-of-life treatment.a
Since 2019, Greif's Scope 3 emissions have increased by 16.72%, reflecting a rising long-term trend in Scope 3 emissions over time.ab
Compared to the previous year (2023), Greif's Scope 3 emissions remained relatively stable, indicating that Greif's emissions have plateaued with no significant change in its value chain footprint.a
In 2024, Greif reported emissions for 10 out of the 15 Scope 3 categories defined by the GHG Protocol.a
This reflects a high level of granularity and transparency in the company's emissions reporting.
In 2024, the largest contributors to Greif's Scope 3 emissions were:a
In 2024, Greif reported Scope 1 greenhouse gas (GHG) emissions of 625,000 tCO₂e and total revenues of USD 4,355 millions. This translates into an emissions intensity of 143.52 tCO₂e per millions USD.a
In 2024, Greif reported a Scope 1 emissions intensity of 143.52 tCO₂e per millions USD. Compared to the peer group median of 54.77, this places the company above its industry benchmark, indicating it is less carbon-efficient than most competitors.a
In 2024, Greif ranked 15 out of 22 companies in its industry peer group, based on Scope 1 emissions intensity (measured in tCO₂e per millions USD).a
Greif is therefore positioned in the mid-range of its industry, neither a clear leader nor a laggard in carbon efficiency.a
In 2024, Greif reported a total carbon footprint of 6,245,000 metric tons of CO₂ equivalent (tCO₂e) across Scope 1, Scope 2, and Scope 3 emissions. This represents a 1.36% increase compared to 2023, suggesting a rise in emissions across its operations or value chain.a
The largest contributor to Greif's total carbon footprint was Scope 3 emissions, accounting for 82.37% of the company's total carbon footprint, followed by Scope 1 emissions at 10.01%.a