2020 Sustainability Report

Committed to using financial, natural and human resources wisely without compromising the ability of future generations to meet their needs

SustainabilityESG Reporting Indices

TCFD Index

tcfd recommendation	tcfd recommended disclosure	location
Governance	Disclose the organization’s governance around climate-related risks and opportunities a) Describe the board’s oversight of climate-related risks and opportunities.	Climate Strategy CDP Climate Change C1.1 Governance, Policies & Partnerships
Governance	b) Describe management’s role in assessing and managing climate-related risks and opportunities	Climate Strategy CDP Climate Change C1.1, C1.2, C2.2 Governance, Policies & Partnerships
Strategy	Disclose the actual and potential impacts of climate-related risks and opportunities on businesses, strategy and financial planning where such information is material. a) Describe the climate-related risks and opportunities the organization has identified over the short, medium and long term.	Climate Strategy CDP Climate Change C2.3, C2.4
	b) Describe the impact of climate-related risks and opportunities on the organization’s businesses, strategy and financial planning.	Climate Strategy CDP Climate Change C2.3, C2.4, C2.5, C2.6
	c) Describe the potential impact of different scenarios, including a 2°C scenario, on the businesses, strategy and financial planning.	CDP Climate Change C3.1 Greif will be conducting an initial scenerio analysis in 2021 and will report results of that work in our 2021 Sustainability Report.
Risk Management	Disclose how the organization identifies, assesses and manages climate-related risks. a) Describe the organization’s processes for identifying and assessing climate-related risks.	Climate Strategy CDP Climate Change C2.1, C2.2 Risk Management & Business Continuity
	b) Describe the organization’s processes for managing climate- related risks.	Climate Strategy CDP Climate Change C2.1, C2.2 Risk Management & Business Continuity
	c) Describe how processes for identifying, assessing and managing climate-related risks are integrated into the organization’s overall risk management.	Climate Strategy CDP Climate Change C2.1, C2.2 Risk Management & Business Continuity
Metrics and Targets	Disclose the metrics and targets used to assess and manage relevant climate-related risks and opportunities where such information is material. a) Disclose the metrics used by to assess climate-related risks and opportunities in line with its strategy and risk management process.	Climate Strategy CDP Climate Change C4.1, C4.2, C4.3
	b) Disclose Scope 1, Scope 2 and, if appropriate, Scope 3 greenhouse gas (GHG) emissions and the related risks.	Climate Strategy CDP Climate Change C5, C6 Performance Dashboard
	c) Describe the targets used by the organization to manage climate-related risks and opportunities and performance against targets	Climate Strategy CDP Climate Change C4.1, C4.2 Sustainability Goals

A-

Greif’s 2020 CDP Score

Demonstrating excellence in carbon management, governance, strategy and best practices, and outperforming the overall and North American average CDP score of D.

11.0%

Emissions Intensity Reduction

Against our 2014 baseline in support of our 2020 goal.

DEFINITION