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Berry Invests In Industry-Leading Sustainability Improvements To Support Its Impact 2025 Sustainability Strategy

Why Berry Invests In Industry Leading Sustainability

Berry Invests In Industry Leading Sustainability

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Berry Global Group, Inc. (NYSE: BERY) announced its investment in an energy efficiency retrofit program to reduce its carbon emissions. In 2019, Berry launched its Impact 2025 strategy, where Berry pledged to increase its positive environmental impact through products, performance, and partners by the year 2025. Keeping its word, Berry’s new investment with Efficiency-as-a-Service (EaaS) provider Redaptive, Inc. will result in a significant energy reduction across the Berry enterprise.

“We are extremely pleased with our partnership forged with Berry Global,” said Redaptive CEO Arvin Vohra. “The Berry team made significant commitments to the environment, and this work is more important than ever. The team at Redaptive is proud to play an important role in helping Berry reach their sustainability goals.”

Leading Sustainability

Berry and Redaptive have established a 10-year program, where Redaptive anticipates upgrading more than 31,000 lighting fixtures to energy efficient LED fixtures and controls. These efforts are expected to result in significant gross savings, including an estimated 288 million kWh in energy consumption, which is equivalent to 203,000 metric tons of CO2 or 470,000 barrels of oil1. Combining its global presence and local agility, Berry solved the challenge of implementing this program around the world.

Sustainability

“For any large manufacturer, the competition for internal capital is always present. Therefore, it is typically difficult to scale lighting and other energy efficiency related projects across our global portfolio of almost 300 locations,” said Rodgers Greenawalt, EVP of Operations. “With Redaptive providing the funding, managing the technology deployment, and contractually guaranteeing the business outcomes, we can now quickly deploy these projects, significant GHG reduction, and enhanced safety for our employees.”

Facility improvements are essential to Berry’s success as it continually strives to reduce energy, which is the largest source of its Scope 1+2 carbon emissions. The cost of making this transition can be a rate limiter for companies. As a transformative company, Berry demonstrates its leadership by leveraging partners to pave the way for others to evaluate and potentially take on – making strides in reducing carbon emissions without increasing costs to the business or its customers.

Sustainability

 1Calculated using: https://www.epa.gov/energy/greenhouse-gas-equivalencies-calculator


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Why Achieve benefits ?

Energy as a service (EaaS) firms are revolutionizing the way businesses manage and consume energy. These innovative companies provide comprehensive energy solutions that go beyond traditional energy procurement and management. By offering a suite of services, including energy efficiency upgrades, renewable energy integration, and demand response programs, EaaS firms help businesses optimize their energy usage, reduce costs, and minimize their environmental footprint.

Partners ?

One of the key advantages of partnering with an EaaS firm is the flexibility it offers. Instead of investing in expensive infrastructure upgrades or navigating complex energy markets on their own, businesses can rely on EaaS providers to handle all aspects of their energy needs. This allows companies to focus on their core operations while benefiting from the expertise and resources of the EaaS firm. Moreover, EaaS firms often utilize advanced technology and data analytics to optimize energy usage in real-time. By monitoring energy consumption patterns and identifying areas for improvement, these companies can help businesses achieve significant energy savings without sacrificing performance or comfort. In addition to cost savings, EaaS solutions also contribute to sustainability and environmental stewardship. By implementing energy-efficient technologies and transitioning to renewable energy sources, businesses can reduce their carbon footprint and support the transition to a clean energy future. Furthermore, EaaS firms offer scalability, making them suitable for businesses of all sizes and industries. Whether it's a small retail store looking to reduce its energy bills or a large manufacturing facility aiming to improve its sustainability practices, EaaS solutions can be tailored to meet specific needs and goals. Overall, energy as a service firms are driving innovation and transformation in the energy sector, empowering businesses to become more efficient, resilient, and sustainable in the face of evolving energy challenges. With their comprehensive services and commitment to excellence, EaaS firms are poised to shape the future of energy management and pave the way for a cleaner, more sustainable world.