Berry Global Recognized by CDP as Leader on Climate Change and Supplier Engagement
Ranking in the top third, A- ratings highlight Berry’s climate progress and supply chain transparency
“We are committed to creating positive, long-lasting change throughout our company, across our value chain, and in the communities in which we operate,” said Tarun Manroa, EVP and Chief Strategy Officer at
CDP's Climate Change rating evaluates the environmental strategy and action of companies who respond to its comprehensive climate change questionnaire. Climate change performance scores are calculated based on companies' responses in categories, such as business strategy, risk management, emissions reduction initiatives, and verification of scope 1, 2, and 3 greenhouse gas (GHG) emissions.
Berry’s A- rating represents significant sustainability advancements from 2021, including setting Science Based Targets initiative (SBTi)-validated climate goals in line with limiting warming to 1.5°C and achieving a 15% reduction in Scope 1 and 2 (operational) GHG emissions and a 10% reduction in Scope 3 (supply chain) GHG emissions compared to 2019. The company's climate performance – above the global, North American regional, and plastic product manufacturing sector averages - places it among the 23% of companies to reach the leadership band level.
CDP’s Supplier Engagement rating evaluates how effectively companies engage with their suppliers on climate change. Performance is assessed based on governance, targets, Scope 3 emissions, and value chain engagement. The A- supplier engagement rating recognizes Berry’s role in ensuring environmental transparency throughout its supply chain, placing the company among the top 29% of the more than 18,700 companies that disclosed through CDP in 2022.
CDP is a not-for-profit charity that runs the global disclosure system for investors, companies, cities, states, and regions to manage their environmental impacts. The world’s economy looks to CDP as the gold standard of environmental reporting, with the richest and most comprehensive dataset on corporate and city action.
“Another year of extreme weather, including floods, droughts and record temperatures, has shown us that climate change is already posing a real and increasing risk to companies and their supply chains. Companies have a fundamental role to play in securing a sustainable net-zero, deforestation-free and water-secure world,” said
Learn about Berry’s more recent climate progress, including an impressive 21% reduction of its Scope 1 and 2 GHG emissions, compared to its 2019 baseline, in the company's 2022 Environmental, Social, and Governance report.
View source version on businesswire.com: https://www.businesswire.com/news/home/20230420005184/en/
Berry Media Contact: