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Stock impact report

Greif Signs Virtual Power Purchase Agreement with Enel Green Power España to Accelerate Climate Action

Greif Inc. Class A (GEF) 
Last greif inc. class a earnings: 2/26 04:15 pm Check Earnings Report
Company Research Source: GlobeNewswire
DELAWARE, Ohio, Sept. 25, 2024 (GLOBE NEWSWIRE) -- 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. Show less Read more
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