Berry Invests In Industry-Leading Sustainability Improvements To Support Its Impact 2025 Sustainability Strategy
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.”
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.
“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.
1Calculated using: https://www.epa.gov/energy/greenhouse-gas-equivalencies-calculator