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Greif Announces Start of its First Virtual Power Purchase Agreement (VPPA) in Europe

1. Greif announces a VPPA with Enel Green Power España. 2. Agreement aims to purchase 100 GWh annual renewable energy. 3. Will offset 65% of Scope 2 emissions in Europe. 4. Partnership supports Greif’s sustainability strategy and reduces waste. 5. CEO emphasizes commitment to clean energy transition.

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Why Bullish?

The VPPA signifies Greif's commitment to sustainability, which may attract environmentally-focused investors. Historically, such green initiatives have led to positive stock performance, as seen with similar firms in sustainable sectors.

How important is it?

The article outlines strategic developments that can enhance Greif's market position. Sustainability efforts resonate with modern investors, which boosts market relevance and price impact.

Why Long Term?

The 12-year VPPA indicates a long-term commitment to sustainability, contrasting with short-term fluctuations typically seen in stock prices. Long-term stock performance has been positively correlated with sustainability efforts in the past.

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ENELGEF.BCPB
DELAWARE, Ohio, July 16, 2025 (GLOBE NEWSWIRE) -- Greif, Inc. (NYSE: GEF, GEF.B), a global leader in industrial packaging products and services, is pleased to announce its Virtual Power Purchase Agreement (VPPA) through Enel X Global Retail team of experts and with Enel Green Power España (EGPE), started on July 1, 2025 following the successful construction and activation of the associated solar farms in Castilla y Léon, Spain. Under the 12-year agreement, Greif will purchase approximately 100 GWh per year of clean, renewable energy, helping the company offset an estimated 65% of its Scope 2 emissions in Europe and 3% of its combined Scope 1 and 2 emissions globally. “The activation of our VPPA with Enel Green Power España and through Enel X Global Retail, is a testament to our commitment to reducing our environmental footprint and investing in sustainable solutions,” said Ole Rosgaard, President and CEO of Greif. “This partnership not only advances our own sustainability objectives, but by funding the development of solar energy infrastructure, we are helping accelerate the world’s transition to clean, renewable energy.” The solar VPPA is a core component of the company’s broader sustainability strategy, which is centered on reducing greenhouse gas emissions and minimizing waste throughout its operations. For more information about Greif's sustainability initiatives and the VPPA, please visit www.greif.com/sustainability. About Greif, Inc.Greif is a global leader in industrial packaging products and services, pursuing its vision to be the best customer service company in the world. The company produces steel, plastic and fiber 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. Greif also manufactures packaging accessories and provides other packaging services for a wide range of industries. In addition, the company manages timber properties in the southeastern United States. Greif 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. Media Contact:TJ StruhsDirector, Corporate Communicationstj.struhs@greif.com | +1 (207) 956-2304 Forward-Looking StatementsThis press release may contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These statements are subject to risks and uncertainties that could cause actual results to differ materially from those expressed or implied. Greif undertakes no obligation to update or revise any forward-looking statements.

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