Berry Global

Containers & Packaging

BERY

$ 57 0.49

Share price

$ 7.1 bn

Market Cap

$ 16 bn

Enterprise Value

Carbon footprint

GHG emissions per $ 1 mln investment

3.6x the weighted average for S&P 500

FY2021

Primary Climate Goal

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

Weaker than the -6.6% weighted average for S&P 500

FY2022

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)

FY2022

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This target is most likely outdated and the company appears to have already achieved it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 2021 at 2,072 Kt (-193 /-8.5% y-o-y). Also positively, carbon intensity dropped to 150 t (-44 /-22.6% y-o-y).

Berry Global's Scope 3 emissions declined marginally to 8,408 Kt (-59 /-0.7% y-o-y). The rate of decline has slowed vs. the previous periods (CAGR -3.4% since 3Q'19).

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 -59 Kt per annum over the period of FY2022 - 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 2021. 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)
2021Q3	2,072	250	1,821	8,408	13,850	150
2020Q3	2,265	266	1,998	8,467	11,709	193
2019Q3	2,447	262	2,184	9,337	8,878	276
2018Q3	1,678	237	1,440	5,492	7,869	213