Daily Newsletter

01 September 2023

Daily Newsletter

01 September 2023

Berry Global receives E&S Disclosure QualityScores from ISS

The company has been recognised with environmental and social quality scores of ‘one’.

Soumya Sharma August 31 2023

Berry Global Group has announced receiving environmental and social (E&S) Disclosure Quality Scores from the Institutional Shareholder Services (ISS).

The company has been recognised with quality scores of ‘one’ for both environmental and social efforts.

Berry said that it is the highest ranking provided by the shareholder services company.

These quality scores help in identifying and measuring risk particularly in environmental and social areas of concern by conducting thorough analysis of company disclosures.

Berry executive vice president and chief human resources officer Jeff Bennett said: “This external recognition of a social quality score of one reflects the importance we place on our culture, the way we treat our employees, and the on-going efforts to tailor our 40,000 global associate base experience across over 250 sites.”

The plastic packaging manufacturer has been implementing various efforts to disclose its key strides in 2022, in comparison with 2021.

These efforts include achieving Scope 3 greenhouse gas (GHG) emissions target four years ahead of the stipulated timeline, while increasing its target accordingly.

Berry reduced its Scope 3 (value chain) GHG emissions by 5% as well as its Scope 1 and 2 (operational) GHG emissions by 5%.

The company has further increased its post-consumer recycled plastic purchase and circular plastic purchase by 28% and 21%, respectively.

In November last year, Berry also received “Prime” environmental, social, and governance (ESG) score from ISS.

Berry Global Sustainability vice president Robert Flores said: “Sustainability is a top priority for our company, positively impacting our own operational environmental footprint and supporting goals of our customers.

“Our history of setting and achieving ambitious sustainability goals along with increasing our transparency in alignment with industry-standard reporting frameworks, helps us to improve every day across our portfolio and operation.”

Recently, Berry’s manufacturing plant in Steinfeld, Germany received Valpak’s Zero Waste to Landfill accreditation.

Asia Pacific Renewable Energy Policy 2023 Analysis

Countries in the APAC region should look to invest on upgrading grid infrastructure, energy storage systems, microgrids, and support mechanism for renewables to be able to achieve their climate goals. The growth trajectory of Europe cannot be implied in APAC since several countries were late entrants into the renewable market. APAC countries should look to weave their own roadmap towards achieving net zero emissions and leverage the large population into adopting renewable technology.

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