Berry Global

Containers & Packaging

BERY

$ 54 2.2

Share price

$ 7 bn

Market Cap

$ 17 bn

Enterprise Value

Carbon footprint

GHG emissions per $ 1 mln investment

4.7x the weighted average for S&P 500

FY2020

Primary Climate Goal

Proj. YOY change in GHG emissions (Scope 1 + 2)

Weaker than the -5.1% weighted average for S&P 500

FY2021

Berry Global aims to reduce Scope 1 + 2 by 25% by 2025 from a base year 2019

1.5°C

Secondary Climate Goal

Proj. YOY change in GHG emissions (Scope 3)

Weaker than the -6.3% weighted average for S&P 500

FY2021

Berry Global aims to reduce Scope 3 by 8% by 2025 from a base year 2019

This target is most likely outdated and the company appears to have already achieved it

1.5°C

GHG emissions and Carbon intensity

Berry Global reported Total CO2e Emissions - Market-Based Scope 1 + Scope 2 for the twelve months ending 30 September 2020 at 2,315 Kt (-178 /-7.2% y-o-y).

Berry Global's Scope 3 emissions declined to 8,693 Kt (-648 /-6.9% y-o-y). There has been no clear trend lately.

The company is committed to reducing Scope 1 + 2 by 25% by 2025 from a base year 2019, which translates into the estimated reduction of -89 Kt per annum over the period of FY2021 - FY2025. This science-based target is aligned with Paris Agreement to limit global warming to 1.5°C above pre-industrial levels.

Also, the company commits to reducing Scope 3 by 8% by 2025 from a base year 2019, which it appears to have already achieved as of 2020. This science-based target is aligned with Paris Agreement to limit global warming to 1.5°C above pre-industrial levels.

Date	Total CO2e emissions (market-based Scope 1 & 2) (Kt)	Scope 1	Scope 2	Scope 3	Revenue (USDm)	Carbon intensity (tons of CO2e) / (USDm)
2020Q3	2,315	265	2,049	8,693
2019Q3	2,493	261	2,232	9,342
2018Q3	1,678	237	1,440	5,492