Berry Global Group, Inc. announced plans to expand its foodservice packaging manufacturing operations in North America as part of its long-term strategic growth commitments. This more than $110 million investment will expand its proprietary and industry-leading polypropylene thermoforming capabilities to manufacture clear drink cups and lids for quick-service restaurants, coffee shops, convenience stores, and other foodservice markets. The clear design fills an increasing demand for a cup that showcases a premium brand image and beverage appeal and improves restaurant operation efficiencies while offering a more sustainable packaging option. Foodservice brand owners are steadily increasing their forecasted volumes with Berry production for access to the Company’s 30-plus active patents across clear cups and lids. In addition, customized plastic cup and lid brand owner solutions are a rapidly increasing market trend, pulling volume from alternative substrates since 2017. As a result, Berry has demonstrated its market leadership, outpacing market trends growing its sales by a forecasted 60%*.
Berry Global Group, Inc. (NYSE: BERY), released its 2020 Impact Report and GRI Index against its Impact 2025 strategy. In addition to this year’s report, Berry has increased its sustainability transparency by adding a comprehensive Environmental, Social, and Governance (ESG) Appendix, Sustainability Accounting Standards Board Response (SASB), and document aligning to the United Nations Sustainable Development Goals (UNSDG).
“Sustainability reporting is one of the many ways we demonstrate our continued commitment to transparency surrounding our performance in corporate citizenship; not just environmental sustainability, but also how we engage our partners and work with integrity to achieve our goals,” said Tom Salmon, Chairman and CEO.
Throughout the report, Berry spotlights its sustainability achievements from its 2020 fiscal year. In step with Berry’s efforts and commitments to promote a more circular economy, the Company has invested heavily in increased access to recycled content and is helping its customers achieve the growing needs of their consumers. Through its success in package light-weighting, integration of post-consumer resin (PCR), design for circularity, and use of bio-resins, Berry continues to collaborate with customers to meet and exceed their sustainability goals. Notable highlights of progress regarding Berry’s environmental sustainability goals include:
*Record percentage of PCR used
*Secured access to 600 million pounds of PCR content by 2025
*Increased focus of lifecycle assessments
*Announcement of closed loop program with Georgia-Pacific Recycling
*Over 165,000 MWh of renewable energy purchased
*Reduction in absolute water usage by two percent
*ISCC Plus certification for seven sites in 2020, ensuring traceability of circular resins
*Reduction of greenhouse gas emissions by seven percent
“In spite of the challenges brought on by COVID-19, we made significant progress toward our sustainability goals,” said Robert Flores, Berry’s VP of Sustainability. “Through our unparalleled access to recycled content, and innovative design expertise, we create a compelling value proposition to help customers meet their goals for a circular economy.”
In addition to the vast amount of support for pandemic relief, Berry’s commitment to safety never wavered. Berry continues to track against its number one value of safety, recording an all-time low incident rate of 1.04 for the year, approximately one quarter of the industry rate.