Berry Global has received a “Prime” environmental, social, and governance (ESG) rating from the Institutional Shareholder Services Inc. (ISS) for the second consecutive year, placing the company among the third decile in the packaging sector. The ISS ESG Corporate Rating is an annual assessment of companies’ ESG efforts and performance. Prime ratings are awarded to companies that effectively manage sustainability-related risks and opportunities in line with the threshold requirements of their industry.
“We are deeply committed to prioritizing environmental, social, and governance efforts across all aspects of our business,” said Tarun Manroa, EVP and Chief Strategy Officer at Berry Global. “Our Prime ESG rating from ISS reflects our company’s continued dedication to managing ESG risks and opportunities with the utmost responsibility and transparency.”
The ISS ESG Corporate Rating evaluates approximately 100 ESG factors as well as sector-specific factors. Berry continued to outperform the industry average in all sector-specific key issues, including resource-conserving production, product safety, responsible sourcing of raw materials, packaging life cycle, and environmental impact of production. The company’s Prime score was driven by a range of ESG-related efforts, including making progress on its science-based climate targets, committing to net-zero emissions by 2050, reducing water use, increasing transparency, maintaining a strong code of ethics, promoting equal opportunities and diversity, limiting substances of concern in products, and reducing the environmental impacts of products.
Learn more about Berry’s ESG commitments