Berry Upgraded to “A” Rating from MSCI for Effective ESG Management

Berry Global Group, Inc. (NYSE: BERY) earned an “A” environmental, social, and governance (ESG) rating from international ratings agency MSCI for its progress managing ESG risks and opportunities, including improvements in Carbon Emissions, Labor Management, and Packaging Material and Waste.

“We are honored to receive such high recognition from MSCI for our continued efforts to increase transparency and prioritize key environmental and social issues across our global business, while strengthening Berry’s resilience to long-term ESG risks,” said Tom Salmon, CEO of Berry Global. “This improved ‘A’ rating reflects our ongoing investments in our workforce as well as our commitment to reducing the environmental impact of packaging and achieving net-zero emissions by 2050.”

Berry’s greatest improvement year-over-year was in the “Carbon Emissions” category due to its long-term emissions reduction trend, external assurance of value chain (Scope 3) emissions, and its recent commitment to net-zero by 2050. Berry also gained recognition for “Labor Management” as a result of its efforts to measure and improve employee engagement and its broad use of variable incentive (bonus) programs. And the company earned the highest rating among plastic packaging peers in the “Chemical Safety” category, recognizing its robust efforts to ensure Berry’s products meet high standards for consumer safety through its Restricted Substances List and Product Safety and Quality Management Policy.
more at: https://ir.berryglobal.com/news-releases/news-release-details/berry-upgraded-rating-msci-effective-esg-management

Related Posts

Essity to close tissue manufacturing operations in New York state (lesprom.com)

Essity has made the decision to close its tissue manufacturing operations in New York state and consolidate production at its other U.S. sites. This closure will include the South Glens Falls paper mill, Greenwich converting facility and Saratoga warehouse/distribution center. The South Glens Falls paper mill will cease papermaking operations immediately, while the Greenwich converting facility and Saratoga Springs warehouse/distribution center will remain open and continue to operate as long as needed to ensure a smooth transition for customers. There are approximately 300 employees across the three locations.

Georgia-Pacific Launches Hummingbird™ to Provide Unmatched Digital Print Capabilities

Digital presses have revolutionized the packaging industry, delivering high-impact color and creating a new paradigm for versioning and customization. Despite its innovations, digitally printed packaging has not always offered solutions across the full spectrum of sizes and quantities. With the launch of Hummingbird™ digital packaging solutions, Georgia-Pacific is overcoming that barrier by producing digital pre-print for a full range of customer needs, from specialty versions to everyday large runs and beyond. Hummingbird is the first packaging supplier in North America to provide 110-inch wide web capability for digital pre-print at lengths limited only by converting capability. The technology delivers high-quality, digitally printed corrugated packaging that gets products to market up to 80 percent faster than traditional methods and provides a new range of marketing and supply chain management opportunities for brands. The size, quality and speed of the press also dramatically increases the cost effectiveness of digitally printed packaging, even at high volume. Click Read More below for additional information.

American Forest & Paper Association Releases February 2018 Containerboard Report

Containerboard production was down 3.0 percent compared to February 2017 and down 1.1 percent year-to-date. The month-over-month average daily production compared to January 2018 was 3.2 percent lower. The containerboard operating rate was 94.1 percent, or 3.1 percentage points lower than the same month last year. Production for exports was 6.0 percent lower than February 2017 and 8.4 percent lower year-to-date.
Back To Top
×Close search
Search