Berry Commits to Achieve Net-Zero Emissions Across its Global Operations and Value Chain by 2050

As the company makes progress on its short-term, science-based climate targets, Berry Global Group, Inc. (NYSE: BERY) today commits to achieving net-zero emissions across its global operations and value chain by 2050. The company aims to reduce its total Scope 1, 2, and 3 emissions over 90% and neutralize its remaining residual greenhouse gas (GHG) emissions by 2050. Meeting these goals helps ensure Berry is aligned with a 1.5°C warming scenario and supports the Paris Agreement’s goal of limiting global warming to well-below 2°C.

“Reaching net-zero emissions by 2050 is critical to avoiding the most catastrophic environmental, social, and economic impacts of climate change,” said Tom Salmon, CEO and Chairman of the Board at Berry Global. “As a global plastic packaging leader, we have a responsibility to protect the environment by minimizing the impact of our products, operations, and value chain as well as our business by limiting the exposure of our operations and supply chain to climate risk.”

Achieving net-zero GHG emissions will require a range of solutions across Berry’s broad geographic footprint and diverse portfolio of converting and decorating technologies. Emissions reduction strategies primarily fall under three categories:
*Circular plastics: drive circularity and reduce GHG emissions by moving away from virgin, fossil fuel-based plastic and using lighter weight, less carbon-intensive, circular materials, including recycled plastics and bio-based plastics made from renewable resources, like used cooking oil
*Value-chain engagement: because most of the company’s value-chain emissions come from purchased goods and services, work with customers to develop lower-carbon solutions and suppliers to provide lower-carbon materials and services
*Cleaner energy: increase investment in renewable energy to decrease use of fossil fuels, minimize the environmental impact of energy sources vital to manufacturing, continually improve energy efficiency to reduce overall energy dependence, and take steps to electrify processes within operations that consume gas and fuel

Compared to a 2019 baseline, Berry’s climate targets – validated by the Science Based Targets initiative – aim to reduce operational Scope 1 and 2 GHG emissions by 25% and absolute supply-chain Scope 3 GHG emissions 25% by 2025. To date, the company has reduced Scope 3 GHG emissions from its supply chain by 9% and Scope 1 and 2 GHG emissions by an impressive 21%, expecting to achieve its science-based target of a 25% reduction from 2019 prior to its 2025 goal.
https://ir.berryglobal.com/news-releases/news-release-details/berry-commits-achieve-net-zero-emissions-across-its-global

Related Posts

Mondi half-year results 2021

Highlights • Strong financial performance, good momentum ◦ Higher sales volumes, higher average selling prices and effective cost control ◦ Underlying EBITDA of €709 million, with margin of 19.5% ◦ Cash generated from operations of €552 million ◦ Balance sheet at 1.5x net debt to underlying EBITDA • Investing through-the-cycle ◦ Completed acquisition of Olmuksan, strengthening our position in the fast growing Turkish corrugated market (€88 million on an implied 100% EV basis) ◦ Good progress on capital investment projects, delivering growth, sustainability benefits and enhanced cost competitiveness (€286 million capital investments in the period) ◦ Approved €125 million upgrade and expansion of Kuopio containerboard mill (Finland) and further investment in corrugated plants to support strong growth in eCommerce • Launched Mondi Action Plan 2030 (MAP2030), our sustainability framework for the next decade • Signed €750 million revolving credit facility aligning financing with MAP2030 and extending debt maturity profile • Interim dividend declared of 20.0 euro cents per share • Well-positioned for growth in packaging markets, with cost-advantaged asset base, strong financial position and unique portfolio of sustainable solutions

Huhtamaki rated ‘A’ on the MSCI ESG Ratings assessment

Huhtamaki is rated ‘A’ (on a scale of AAA-CCC) on the MSCI ESG Ratings assessment. The rating of ‘A’ or above is only given to 25% of the companies in the packaging sector. Our improvement is driven by our commitment to reduce the environmental impact of our products, optimize recyclability, as well as by our governance practices. “Huhtamaki has set itself an ambitious 2030 Sustainability Strategy. We want to become world-class leader in all three areas of sustainability: environment, social and governance. The MSCI rating shows that we are on the right track. We are determined to improve and will continue to focus on achieving carbon neutrality in our production and reaching our Science Based Targets by 2030,” says Thomasine Kamerling, EVP Sustainability and Communications.

Tetra Prisma® Aseptic 300 Edge redefines consumer experience

Tetra Pak has collaborated with a leading company in the European juices, nectars and soft drinks markets to launch the new Tetra Prisma® Aseptic 300 Edge beverage carton. This innovative portion package stands out on the shelf, with its distinct look and ergonomic design catering to the preference of modern consumers for taller, slimmer packaging. Research1 shows that, with buyers rethinking discretionary spending, a ‘less is more’ design approach is gaining in popularity, characterised by pared back simplicity. Designed for ease of use, the shape of the new paper-based carton package also makes it more comfortable to hold, particularly for smaller hands. Its wide opening ensures a steady flow for easy drinking, while its compact size makes it convenient for on-the-go consumption. Product wastage is minimised by combining the slanted top of the Tetra Prisma® Aseptic 300 Edge carton with a DreamCap™ 26 Pro tethered closure. This helps to prevent litter too, as the cap stays attached to the package; therefore, it can be collected alongside the carton once consumers have enjoyed their drink and put the container in the correct bin for recycling.
Back To Top
×Close search
Search