Core Points - Greif, Inc. has initiated a Virtual Power Purchase Agreement (VPPA) with Enel Green Power España, effective July 1, 2025, following the completion of solar farms in Castilla y León, Spain [1][2] - The 12-year agreement will enable Greif to purchase approximately 100 GWh of renewable energy annually, which is expected to offset around 65% of its Scope 2 emissions in Europe and 3% of its total Scope 1 and 2 emissions globally [2][3] - The VPPA is a key element of Greif's sustainability strategy, aimed at reducing greenhouse gas emissions and minimizing waste across its operations [3] Company Overview - Greif, Inc. is a global leader in industrial packaging products and services, producing a variety of packaging solutions including steel, plastic, and fiber drums, as well as containerboard and specialty products [4] - The company operates over 250 facilities in 37 countries, employing more than 14,000 individuals to serve both global and regional customers [4]