Greif Signs Virtual Power Purchase Agreement with Enel Green Power España to Accelerate Climate Action
25 Setembro 2024 - 10:00AM
Greif, Inc. (NYSE: GEF, GEF.B), a global leader in industrial
packaging products and services, announced today the signing of a
virtual power purchase agreement (VPPA) with Endesa’s renewal
subsidiarity, Enel Green Power España (EGPE). The VPPA agreement
signifies a critical advancement in Greif’s long-term
sustainability and climate goals, further reinforcing the company’s
commitment to reducing its environmental footprint.
The solar VPPA is a significant step toward achieving Greif's
climate target to reduce its Scope 1 and 2 greenhouse gas emissions
by 28% by 2030, compared to a 2019 baseline. The renewable
electricity generated by the project represents approximately 65%
of the company's Scope 2 emissions in Europe and approximately 3%
of its global Scope 1 and 2 emissions. By adding renewable energy
to the Spanish grid, this initiative not only drives meaningful
emissions reductions but also supports a cleaner energy future.
"At Greif, we're serious about sustainability," said Ole
Rosgaard, President and CEO of Greif. "This partnership represents
a tangible step in advancing our climate strategy. It demonstrates
our dedication to responsible growth while meeting our emissions
reduction targets. We are proud to contribute to the development of
solar energy infrastructure and to support the renewable energy
transition by delivering clean, reliable power to the communities
these projects serve.”
The solar VPPA contributed to the development of two solar
projects in the Soria Province of Castilla y Léon, Spain under a
12-year agreement. Greif will purchase approximately 70% of the
projects’ output, which translates to approximately 100 GWh per
year.
The solar VPPA is a core component of Greif's broader
sustainability strategy, which is centered on reducing greenhouse
gas emissions, minimizing waste throughout its operations and being
a pillar of the larger circular economy. The agreement aligns with
the company's long-term vision of embedding sustainability into its
value chain, delivering value to stakeholders while contributing to
a more sustainable planet.
About GreifGreif is a global leader in
industrial packaging products and services and is pursuing its
vision: be the best performing customer service company in the
world. The Company produces steel, plastic and fibre drums,
intermediate bulk containers, reconditioned containers, jerrycans
and other small plastics, containerboard, corrugated sheets and
products, uncoated recycled paperboard, coated recycled paperboard,
tubes and cores and a diverse mix of specialty products The Company
also manufactures packaging accessories and provides other services
for a wide range of industries. In addition, Greif manages timber
properties in the southeastern United States. The Company has a
workforce of over 14,000 colleagues spread across more than 250
facilities in 37 countries to serve global as well as regional
customers. Additional information is on the Company's website at
www.greif.com.
Contact:TJ StruhsDirector, Corporate
Communications+1 207-956-2304 / tj.struhs@greif.com
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