Company achieves MSCI rating upgrade to AA while advancing circular economy initiatives and exceeding climate targets

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

• Increased purchases of post-consumer resin (PCR) by 43% year-over-year, from 3.6% to 5.1% of total volume
• Enhanced recyclability of key products, including redesigning Heinz ketchup closures to eliminate silicone in favor of a mono-material polypropylene design
• Ensured 93% of Fast-Moving Consumer Goods (FMCG) packaging is either recyclable or has a validated recyclable alternative
• Increased bioplastics purchases by 130% year-over-year, from 0.6% to 1.5%

Performance

• 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
• 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
• Partnered with multiple customers to use renewable energy in production, reducing both Berry's Scope 2 and customers' Scope 3 emissions

Partners

• Improved safety performance with a 6% year-over-year reduction in Total Recordable Incident Rate (TRIR) to 0.76
• Achieved an 84% participation rate in Berry's global engagement survey
• 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.

Recognition

Berry's sustainability progress was recognized with an MSCI rating upgrade from A to AA, reflecting the commitment of team members, customers, and partners worldwide. We also earned EcoVadis Gold, a recognition awarded to the Top 5% of companies assessed by EcoVadis that reflects the quality of the Berry’s sustainability management system and its demonstrated commitment to promoting transparency throughout the value chain.

"As we look to 2025 and beyond, we invite our stakeholders to join us in this journey as we work to create a world of innovative packaging solutions that make life better for the people and the planet while driving business success," said Robert Flores, SVP Sustainability at Berry.

The complete 2024 Sustainability Report is available on the Berry sustainability website.

About Berry Global

At Berry Global Group, Inc. (NYSE: BERY), we create innovative packaging solutions that we believe make life better for people and the planet. We do this every day by leveraging our unmatched global capabilities, sustainability leadership, and deep innovation expertise to serve customers of all sizes around the world. Harnessing the strength in our diversity and industry-leading talent of over 34,000 global employees across more than 200 locations, we partner with customers to develop, design, and manufacture innovative products with an eye toward the circular economy. The challenges we solve and the innovations we pioneer benefit our customers at every stage of their journey. For more information, visit our website, or connect with us on LinkedIn or X.

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