Graphic Packaging : 2024 Report

Published: 2025-07-10 02:23:05 ET GPK

Published on 07/10/2025 at 02:23

INTRODUCTION

OUR BUSINESS

BETTER,

BETTER

BETTER

BETTER

GRI

APPENDIX

EVERY DAY

PACKAGING

FOR PEOPLE

FUTURE

‌

Cover Photo: Kyle L. Atlanta, GA

Photo: Angela M. Clemson, SC

INTRODUCTION 3

Leadership Messages 3

ABOUT GRAPHIC PACKAGING 5

INTERNATIONAL

Who We Are 5

Our Products 7

Vision 2030 8

BETTER, EVERY DAY 9

Our Sustainability Promise 10

Better by 2030 Sustainability Goals 11

2024 Sustainability Highlights 12

BETTER PACKAGING 13

Designing for Circularity 14

Key Innovations Driving Circularity 15

Closing the Loop 16

BETTER FOR PEOPLE 18

Engaged Employees 19

Training and Development 20

Our Community 22

Employee Safety and Well-Being 23

BETTER FUTURE 26

Climate Strategy and Ambition 27

Decarbonization Plan 29

Sustaining Forests 31

Sustainable Forest Management 32

2024 IMPACT REPORT 1

INTRODUCTION

OUR BUSINESS

BETTER,

BETTER

BETTER

BETTER

GRI

APPENDIX

EVERY DAY

PACKAGING

FOR PEOPLE

FUTURE

Photo: Rob M. Virtual

Global Reporting Initiative (GRI)

INTRODUCTION

34

SOCIAL TOPICS

126

Forward-Looking Statement

35

Engaged Employees (GRI 401, 404, 405)

126

Labor Rights (GRI 402, 407)

136

GENERAL DISCLOSURES

36

Health and Safety (GRI 403)

138

General Disclosures (GRI 2) 36

Material Topics (GRI 3) 48

PACKAGING 49

Better Packaging (GRI 416) 49

Human Rights (GRI 406, 408, 409, 412) 148

Community Engagement (GRI 413) 153

APPENDIX 157

ESG Data Summary 157

SASB Index 168

ECONOMIC TOPICS

Economic Performance (GRI 201)

60

60

TCFD Index

United Nations Global Compact (UNGC) Communication on Progress

171

173

Supply Chain Sustainability (GRI 204, 308, 414)

61

UN Sustainable Development Goals (SDGs) Index

175

Business Practices (GRI 205, 206, 207)

70

Acronym Glossary

178

Public Policy (GRI 415)

77

Endnotes

180

Cybersecurity and Data Privacy (GRI 418)

82

ENVIRONMENTAL TOPICS

85

Sustainable Forestry (GRI 301, 304)

85

Climate Action (GRI 302, 305)

94

Water Stewardship (GRI 303)

111

Waste and Recycling (GRI 306)

119

2024 IMPACT REPORT

2

INTRODUCTION‌

OUR BUSINESS BETTER,

EVERY DAY

BETTER PACKAGING

BETTER

FOR PEOPLE

BETTER FUTURE

GRI

APPENDIX

Michael P. Doss

President and

Chief Executive Officer (CEO)

Dear Stakeholders,

At Graphic Packaging, our purpose - to package life's everyday moments for a renewable future - drives every decision we make. As I reflect on the past year, I'm proud of the progress our team has made advancing our commitments to sustainability, innovation, and responsible growth.

This report highlights major strides

we've made, and outlines our aspirations for the years ahead, as we execute against our Vision 2030 corporate strategy and goals.

Our Foundational Commitment to Sustainability

2024 was a pivotal year for our company. We successfully navigated challenging market conditions while continuing to deliver packaging solutions

that meet the evolving needs of our customers and consumers. As global demand for recyclable and more resource-efficient packaging continues to grow,

our investments in product innovation and facilities have positioned us as a global leader creating products that are more circular, more functional, and more convenient than existing alternatives.

Our Vision 2030 business strategy places more focus than ever on innovation across our portfolio and operations, environmental stewardship, and culture:

Innovative Solutions: Our portfolio of sustainable packaging innovations - including Boardio™

and EnviroClip™ - is helping customers dramatically reduce plastic use and meet their own sustainability goals, while enhancing product functionality and consumer experience. These efforts are a key driver of our results, contributing more than $200 million in innovation-driven sales growth last year alone.

Operational Excellence: Through strategic investments in our recycled paperboard manufacturing operations, we're working to achieve a ~45% reduction in water use intensity and a ~20% reduction in energy intensity relative to 2021. And at our nearly complete Waco, TX recycled paperboard manufacturing facility, we are poised to enhance efficiency by recycling internally generated waste into new packaging solutions.

Environmental Responsibility: We remain committed to measurably reducing our emissions footprint. In 2024, Graphic Packaging executed a virtual Power Purchase Agreement, scheduled to come online in late 2025, which will increase our reported renewable electricity use in our EMEA region to approximately 70%. We are advancing

engineering projects aimed at reducing greenhouse gas emissions across our global operations. And we added a VP-level supply chain sustainability leader responsible for engaging our partners to identify emissions reduction opportunities and advancing our commitment to sustainably source 100% of purchased forest products.

Empowering Our People and Communities: Graphic Packaging's ~23,000 employees are at the heart of everything we do. We achieved record participation in our 2024 employee engagement survey, with meaningful improvements across key metrics. We maintained one of the best safety records in the industry. And through corporate and employee giving and volunteerism, provided

scholarships to support learning in industry-related careers, supported disaster-related needs in our communities, and packed more than 40,000 meals for hungry families - all a testament to our culture of care and collaboration.

As we continue this next phase of our Company's growth, I'm confident our commitments to circularity and sustainability will enable us to continue creating value for customers, consumers, employees, and shareholders alike.

Thank you for your continued support as we work together toward a more sustainable future.

2024 IMPACT REPORT 3

INTRODUCTION

OUR BUSINESS BETTER,

EVERY DAY

BETTER PACKAGING

BETTER

FOR PEOPLE

BETTER FUTURE

GRI

APPENDIX

Michelle Fitzpatrick

Vice President and

Chief Sustainability Officer (CSO)

Guided by our Better, Every Day sustainability promise, creating lasting, positive impact informs our actions - which is reflected in our 2024 Impact Report. This new name for our annual sustainability progress report embodies Graphic Packaging's commitment to understanding and amplifying the real-world effects of our work.

Impact is the "why," beyond our policies, targets, and actions. We're delivering innovative consumer packaging that is more circular, more functional, and more convenient than previous alternatives. We're building an engaged and inclusive workplace where people want to learn and grow. And we're working across our operations and value chain to support better decisions for our forests and planet.

Better Packaging

Our work to promote the circular economy has led to groundbreaking consumer paperboard packaging solutions that reduce dependency on single-use plastics and are designed to be recovered and recycled. These advances aren't just about meeting market demands or regulatory requirements.

By designing with the entire product lifecycle in mind, our packaging helps address global resource scarcity concerns by contributing to important material conservation and recovery efforts.

Better Future

Climate change remains one of society's most pressing challenges, with highly dynamic, and sometimes conflicting, regulatory and policy positions around the world. We remain resolute in doing our part to limit global warming. We're

reducing greenhouse gas emissions in our operations through increased use of renewable fuel and focusing more on renewable electricity use, where available.

At the same time, we're collaborating with suppliers and customers to minimize their respective emissions footprints while supporting our ambition to achieve net-zero emissions by 2050.

We're also advancing sustainable forestry practices and educating stakeholders. These practices help protect critical forest ecosystems, while ensuring responsible sourcing of wood-based materials for decades to come.

Better for People

Sustainability is also about people. We're committed to nurturing a workplace that's more engaged, productive and innovative than ever. Through enhanced training and mentorship programs, support for the employee groups that celebrate our unique backgrounds, and a keen focus on employee engagement, we're empowering a workforce that will ensure Graphic Packaging's success through 2030 and beyond.

Our focus on people also extends to the communities we serve. From corporate and employee giving

and volunteerism, to support for smallholders and family tree farmers whose livelihood depends on the longevity and productivity of their land, we're dedicated to creating positive social and environmental impacts that will last generations.

Thank you for your interest in our journey. Every step we take brings us closer to driving meaningful impact, and making life's everyday moments better.

Employee Photo Contest

The very existence of our business depends on nature. This year, we asked colleagues around the world to share photos of their favorite everyday moments in the great outdoors. The response was overwhelming, and we're pleased to include a collection of those images throughout this year's report. We hope you enjoy these visions of nature's beauty as much as we do.

2024 IMPACT REPORT 4

Disclaimer

Graphic Packaging Holding Company published this content on July 10, 2025, and is solely responsible for the information contained herein. Distributed via Public Technologies (PUBT), unedited and unaltered, on July 10, 2025 at 06:22 UTC.