Berry Global Group, Inc. announced investment in renewable energy through the use of a long-term virtual power purchase agreement (VPPA) aligned to provide the equivalent electricity requirements of the Company’s Spanish operations. In its Impact 2025 sustainability strategy, Berry commits to minimizing its absolute Scope 1 and Scope 2 emissions by 25 percent by 2025 vs. a 2019 baseline. This target was validated as being in line with the Paris Agreement and limiting warming to 1.5°C by the Science Based Targets initiative earlier this year. Agreements in renewable energy are a prioritized strategy to support its operational goals while additionally investing in reducing overall energy demand. The VPPA investment will support the construction of a solar park in Guadalajara, which will greatly reduce the Company’s carbon footprint in Spain with a reduction of approximately 20,000 tons per year. Sites benefitting from the agreement include Tarragona, Madrid, Pamplona, La Caniza, and two in Barcelona. Tarragona is the primary site, with 70 percent of Berry’s energy consumption for the country. Achieving this broader impact comes with partnership across the value chain, including Berry’s chosen VPPA partnership with renewable energy leader Axpo Iberia.

Greif, Inc. announced it has been awarded a Gold Rating in sustainability performance by EcoVadis for the third year in a row. EcoVadis is an independent rating agency specializing in the evaluation of Corporate Social Responsibility (CSR), including sustainable development and performance monitoring of suppliers. This achievement places Greif among the top three percent of suppliers evaluated by EcoVadis. “We are pleased that our ongoing sustainability efforts have once again been recognized by EcoVadis with our third consecutive Gold Rating," said Pete Watson, Greif's President and Chief Executive Officer. “Greif’s commitment to sustainability is outlined in The Greif Way, is embedded in our business strategy and is critical to our customers’ success. I would like to thank our global colleagues for their continued commitment to sustainability and for their hard work to improve our performance in this key area.”

Second Quarter 2022 Summary *Reported sales grew 4% and net income increased 15% to $64 million *Core sales increased 10% and adjusted EBITDA increased 8% to $160 million *Reported earnings per share increased 17% to $0.95 compared to $0.81 in the prior year *Adjusted earnings per share increased 13% to $0.96 compared to $0.85 in the prior year (including comparable exchange rates) *Each segment achieved sales growth through improved volume as well as increased pricing, with Pharma and Beauty + Home segments reaching double-digit core sales growth