Greif, Inc. Releases 2017 Sustainability Report, Announces 2025 Goals and Gasser Award Winner

DELAWARE, Ohio–(BUSINESS WIRE)–In conjunction with Earth Day, Greif, Inc. (NYSE: GEF, GEF.B) today
announces the launch of its online 2017 Sustainability Report, which
details its 2025 global sustainability goals.

A global leader and industrial packaging solutions provider, Greif’s
ninth annual Sustainability Report demonstrates the company’s commitment
to continuous improvement through an integrated approach to
environmental and social responsibility.

“Sustainability is defined in the Greif Way as using financial, natural
and human resources wisely without compromising the ability of future
generations to meet their needs,” explains Pete Watson, Greif’s
President and Chief Executive Officer. “We view sustainability
holistically as being good for the environment while also being good for
our business, good for our colleagues and helping us deliver superior
customer value.”

The online 2017
Sustainability Report features comprehensive pages, interactive
charts and stories of Greif colleagues who demonstrate the epitome of
sustainability and The Greif Way. Highlights from the report include:

• Sustainability strategies: delivering superior customer service,
  reducing our footprint, addressing risk, valuing our people, advancing
  the circular economy, financial performance and profitable growth
• Greif’s value chain and how that relates to stakeholder engagement and
  materiality

The report is prepared in full accordance with the GRI Standards Core
guidelines and fulfills the United Nations Global Compact (UNGC) annual
Communication on Progress (COP).

Additionally, Greif announces that the Rigid Industrial Packaging &
Services (RIPS) and Tri-Sure businesses in Brazil were recently awarded
the 2017 Michael J. Gasser Sustainability Award, recognizing the
successful efforts of the Brazilian team to reduce energy costs and
overall environmental impact. By migrating to renewable energy, these
operations have experienced a 30 percent reduction in energy costs on an
annual average consumption basis and a 70 percent reduction in CO2
emissions, significantly reducing Greif's carbon footprint in Brazil in
the first year.

“The efforts and accomplishments of the RIPS and Tri-Sure Brazilian
teams demonstrate the dedication and ownership our colleagues have
toward sustainability,” describes Ole Rosgaard, Senior Vice President
and Group President, Rigid Industrial Packaging & Services – Americas,
and Global Sustainability. “Our colleagues embody our global commitment
of reducing our environmental impacts and risks across our value chain
while keeping our products and people safe.”

About Greif, Inc.

Greif is a global leader in industrial packaging products and services
and is pursuing its vision: in industrial packaging, be the best
performing customer service company in the world. The company produces
steel, plastic and fibre drums, intermediate bulk containers,
reconditioned containers, flexible products, containerboard and
packaging accessories and provides filling, packaging and other services
for a wide range of industries. Greif also manages timber properties in
the southeastern United States. The company is strategically positioned
in over 40 countries to serve global as well as regional customers.
Additional information is on the company's website at www.greif.com.

Contacts

Greif, Inc.
Investor contact
Matt Eichmann, 740-549-6067
[email protected]
or
Media
contact
Debbie Crow, 740-657-6992
[email protected]