Individual divisions at Greiner have already been rated by EcoVadis, the world’s largest provider of corporate sustainability ratings, in recent years. This year marked the first time the Group as a whole was rated, i.e. including the Greiner Packaging, Greiner Bio-One and NEVEON divisions. Greiner scored 73 out of 100 points, giving it gold status. Performance is grouped into four themes: environment, labor and human rights, ethics and sustainable procurement. Greiner came top in the environment category, scoring 80 points.
Sustainability ratings increasingly important both to customers and to suppliers
Fewer emissions and less waste: Sustainability and protecting the environment have always been at the heart of Greiner’s activities. Sustainability now also plays a role in corporate finance. Back in October 2022, Greiner placed a promissory note loan with an interest rate tied to sustainability performance.
“Sustainability plays a key role for us, for our customers and on the financial market. In connection with our sustainable promissory note loan, we therefore set ourselves the goal of working only with suppliers who have an EcoVadis rating of at least 50 points by 2030,” said Hannes Moser, CFO at Greiner.
EcoVadis has been rating the Greiner Packaging division since 2014 and Greiner Bio-One since 2022. “While we are very happy with the result of this first Group-wide rating, we are certainly not going to get complacent,” commented Sabine Schellander, co-head of Sustainability. “We want to keep improving. The EcoVadis rating shows us what the next steps are. Our goal is to be in the top 1% and receive a platinum status.”
Sustainability efforts affect the entire value chain
Efforts to improve sustainability do not stop at the company gates. Greiner is taking further steps to make supply chains more transparent. Only if supplier emissions are reduced can its own Scope 3 emissions be reduced, i.e. greenhouse gas emissions throughout the company’s upstream and downstream value chain.
The EcoVadis rating covers a broad range of non-financial management systems including environmental, labor and human rights, ethics and sustainable procurement impacts. These are evaluated by international experts and adjusted to account for the sector, country and size of the company. www.ecovadis.com