Berry ESG Rating Upgraded to “A”

Berry Global, a Fortune 500 company, has been recognised for its strong environmental, social, and governance (ESG) performance. The company received an “A” rating from MSCI, a leading ESG ratings agency.

Berry’s rating reflects its progress in reducing carbon emissions, improving labour management, and managing packaging material and waste. The company has also committed to achieving net-zero emissions by 2050.

In the “Carbon Emissions” category, Berry received high marks for its long-term emissions reduction trend, external assurance of value chain (Scope 3) emissions, and its recent commitment to net-zero by 2050.

In the “Labour Management” category, Berry was recognised for its efforts to measure and improve employee engagement and its broad use of variable incentive (bonus) programmes.

And in the “Chemical Safety” category, Berry earned the highest rating among plastic packaging peers. This recognition is due to Berry’s robust efforts to ensure its products meet high standards for consumer safety through its Restricted Substances List and Product Safety and Quality Management Policy.

Berry’s ESG performance is a testament to its commitment to sustainability. The company is committed to reducing its environmental impact and creating a more equitable and sustainable future.

Here are some of the specific things that Berry is doing to improve its ESG performance:

Reducing carbon emissions: Berry has set a goal of achieving net-zero emissions by 2050. The company is taking a number of steps to reduce its emissions, including investing in renewable energy, improving energy efficiency, and switching to low-carbon materials.
Improving labour management: Berry is committed to creating a safe and fair workplace for its employees. The company has many policies and programmes in place to promote employee engagement and well-being.
Managing packaging material and waste: Berry is working to reduce the amount of packaging material it uses and to recycle and reuse more of its packaging waste. The company has set a goal of making all of its packaging recyclable or reusable by 2025.

Berry’s ESG performance is an important part of its overall business strategy. The company believes that by investing in sustainability, it can create long-term value for its shareholders, employees, customers, and the communities in which it operates.

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Source: Berry Global