Achievement places Greif in the top four percent of all companies assessed by EcoVadis
DELAWARE, Feb. 3, 2022 – Greif, Inc. (NYSE: GEF, GEF.B), a global leader in industrial packaging products and services, announced today it has been awarded a Gold Rating in sustainability performance by EcoVadis for the fourth year in a row. EcoVadis is a leading global sustainability rating agency specializing in the evaluation of Corporate Social Responsibility (CSR), including sustainable development and performance monitoring of suppliers.
“We are honored to once again receive a Gold Rating from EcoVadis for our sustainability initiatives,” said Ole Rosgaard, Greif’s President and Chief Executive Officer. “This recognition is a reflection of the hard work undertaken by the global Greif team and their commitment to creating positive and lasting social, economic and environmental impacts across the world. I congratulate and extend my sincere thanks for their dedication to excellence.”
Greif reports its corporate responsibility efforts and progress in accordance with the Global Reporting Initiative (GRI) standards: Core option, and the SASB Application Guidance and also fulfills the UN Global Compact (UNGC) annual Communication on Progress (COP). Greif also aligns its climate-related disclosures with recommendations from the Task Force on Climate-related Financial Disclosures (TCFD). Please review Greif’s sustainability accomplishments in its 12th annual Sustainability Report.
EcoVadis, which evaluates more than 85,000 companies, uses a methodology that rates each company according to 21 CSR criteria, grouped under four themes: Environment, Labor & Human Rights, Ethics and Sustainable Procurement. Its methodology and criteria used are in line with international CSR standards including the Global Reporting Initiative (GRI), UN Global Compact, and ISO 26000.
Greif also announced that Ole Rosgaard assumed the role of President and Chief Executive Officer, consistent with the company’s previously announced succession plan. Mr. Rosgaard succeeds Pete Watson who will become Executive Chairman of Greif’s Board of Directors. Mr. Rosgaard has also been nominated to serve on Greif’s Board of Directors, which will be voted upon at the Annual Stockholders’ Meeting on March 1, 2022.
In addition, Greif announced a new executive leadership team effective February 1, 2022, that will lead ongoing growth and continuous improvement opportunities to drive additional shareholder value. Greif’s new executive leadership team is comprised of:
Executive Vice President, Chief Financial Officer, Larry Hilsheimer
Executive Vice President, General Counsel and Secretary, Gary Martz
Executive Vice President, Chief Human Resources Officer, Bala V. Sathyanarayanan
Senior Vice President, Chief Supply Chain Officer, Tina Schoner
Senior Vice President, Global Operations Group, Kimberly Kellermann
Senior Vice President, Group President, Paper Packaging and Soterra LLC, Tim Bergwall
Senior Vice President, Group President, Global Industrial Packaging, Patrick Mullaney
Vice President, Chief Technology Officer, Doug Lingrel
Vice President, Chief Marketing and Sustainability Officer, Matt Eichmann (effective March 1, 2022)
“I am pleased to announce our new executive leadership team,” said Ole Rosgaard, Greif’s President and Chief Executive Officer. “These extraordinary servant leaders possess extensive industry knowledge and a demonstrated commitment to disciplined operational execution and customer service. Their rich and diverse set of skills, experiences and backgrounds, along with proven records of performance, will drive even greater success and value creation at Greif in the future. I am humbled to have them join me in leading our company.”