Berry Global Group, Inc. 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). 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
*Net sales of $1.4 billion, flat as reported; up 5% constant currency
*Net earnings of $133 million, up 23%
*Adjusted EBITDA of $293 million, up 8% as reported; up 12% constant currency
*Earnings per share (Diluted) of $0.91, up 28%
*Adjusted Earnings per share (Diluted) of $0.98, up 14% as reported; up 19% constant currency
*Cash flow from operations (year to date) of $321 million, down 15%
*Accelerating growth investments – CapEx of $184 million, up 19%, in 2022
“We delivered an 8% increase in Adjusted EBITDA in the quarter, despite continued cost inflation, foreign currency headwinds and slowing demand. Our SEE Operating Engine is powering through these challenging times.
We are creating value for our customers through Automation, Digital and Sustainable solutions. We are making bold investments in people, technology and our business, as we accelerate SEE’s journey to world-class performance,” said Ted Doheny, SEE’s President and CEO.
details at: https://ir.sealedair.com/news-releases/news-release-details/see-reports-q3-2022-results