Greiner Group publishes Annual and Sustainability Report 2023
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Executive Board of Greiner AG (from left to right) CFO Hannes Moser, CEO Saori Dubourg and COO Manfred Stanek. Credit: Silvia Wittman / Greiner AG
Nothing beats Ambition!
Greiner is a long-standing family business and a global player with growth ambitions. With courage, drive, and flexibility, we are making our company fit for the future. The past year was difficult for the economy as a whole. As a society, we are still facing major challenges: This is precisely why we are forging ahead with our transformation into a circular, sustainable company. We have a clear plan for achieving our goals and we know: Nothing beats strategy, innovation, the circular economy, climate protection or our employees.
Greiner maintains an ambitious sustainability course – despite challenging market environment:
- In the 2023 financial year Greiner Group achieved solid total sales of over EUR 2.1 billion
- However, revenue in all three divisions – Greiner Packaging, NEVEON, and Greiner Bio-One – fell short of expectations due to declining demand
- In terms of sustainability, Greiner is staying on course and continuing its transformation into a circular company
2023 was a challenging year – both for the economy as a whole and for the international plastics and foam company Greiner. The turnover of the group of companies with a total of 10,544 employees amounted to EUR 2.1 billion in the 2023 financial year, compared to EUR 2.3 billion in the previous year. Despite the current difficult market environment, the ambitions at Greiner remain high. This is why the motto of the integrated annual and sustainability report 2023 published on May 7 is “Nothing beats ambition”.
“Even though the market environment is challenging, the ambitions at Greiner remain high: we want to create value. Our aim is to continue our transformation into a circular, sustainable global player”
Sustainable transformation in line with the circular economy
In 2023 Greiner also adhered to its Blue Plan sustainability strategy and achieved several milestones. For example, Greiner is one of around 40 Austrian companies with science-based targets. These science-based climate targets have been endorsed by the independent Science Based Targets Initiative and have been proven to help curb global warming. The plastics company continues to pursue the goal of becoming a fully circular company by 2030. This is to be achieved through the increased use of recycled materials, the development of reusable products and a general resource-saving approach along the value chain. As an employer, Greiner also has big projects as part of the Blue Plan: This includes, for example, increasing training hours to 16 hours per year and employee by 2025. In summer, Greiner is also launching a training initiative for the topics of diversity, equity and inclusion at its 40 largest locations.
Outlook: focus on balance between performance, growth and sustainability
For 2024, Greiner expects the market environment to remain challenging with rising costs and volatile demand. The aim is to continue the transformation course while maintaining a good balance between economic performance, growth and sustainability. This should keep the company on course for success in the long term. As a family business, Greiner thinks in terms of generations.
