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Company achieves MSCI rating upgrade to AA while advancing circular economy initiatives and exceeding climate targets
EVANSVILLE, Ind., March 18, 2025--(BUSINESS WIRE)--Berry Global Group, Inc. (NYSE: BERY) today released its 2024 Sustainability Report, highlighting progress across its sustainability initiatives while delivering value for stakeholders. The report details Berry's advancement toward a circular, net-zero economy through its Impact 2025 strategy.
"Our promise of 'Innovation for the World, Solutions for You' isn't just a tagline–it's the foundation of how we're harnessing plastic's benefits while accelerating the transition to a circular, net-zero economy," said Kevin Kwilinski, CEO of Berry Global. "This alignment makes sustainability both a moral imperative and a key business driver for Berry."
2024 Key Achievements
The report reveals significant progress across Berry's three sustainability pillars:
Products
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Increased purchases of post-consumer resin (PCR) by 43% year-over-year, from 3.6% to 5.1% of total volume
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Enhanced recyclability of key products, including redesigning Heinz ketchup closures to eliminate silicone in favor of a mono-material polypropylene design
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Ensured 93% of Fast-Moving Consumer Goods (FMCG) packaging is either recyclable or has a validated recyclable alternative
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Increased bioplastics purchases by 130% year-over-year, from 0.6% to 1.5%
Performance
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Reduced Scope 1 and 2 absolute emissions by 28.3% compared to the 2019 baseline, surpassing the 2025 reduction target of 25% two years ahead of schedule
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Increased renewable energy usage by 31% year-over-year, eliminating 58,089 Metric Tons of carbon dioxide emissions—equivalent to taking more than 13,000 cars off the road
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Partnered with multiple customers to use renewable energy in production, reducing both Berry's Scope 2 and customers' Scope 3 emissions
Partners
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Improved safety performance with a 6% year-over-year reduction in Total Recordable Incident Rate (TRIR) to 0.76
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Achieved an 84% participation rate in Berry's global engagement survey
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Advanced the 'I Can B Me' initiative through Business Resource Groups and Inclusion Ambassadors, fostering a culture of belonging across all facilities
Infrastructure Investment
Berry is addressing recycling infrastructure challenges through strategic investments, including the Berry Circular Polymers facility in Leamington Spa, U.K. Through proprietary CleanStream® technology, this facility creates recycled plastic suitable for contact-sensitive applications that meets the most stringent quality and safety standards. The facility has capacity to recycle nearly 40% of all polypropylene waste collected from domestic recycling bins in the UK.