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SUSTAINABILITY

A M ESSAGE FROM THE CEO

2024 marked a turning point for the packaging industry. Sustainability is now a core business driver—shaping how we innovate, grow, and serve our customers. At Berlin Packaging, we have embraced this shift enthusiastically, embedding sustainability into every facet of our strategy.

This year’s report highlights the progress we’ve made, the challenges we’ve faced and how we’ve tackled them, and the opportunities that lie ahead.

Packaging as a Catalyst for Change

Packaging is everywhere—it protects products, tells stories, and connects people to the brands they love. But at Berlin Packaging, we believe it can—and must—do more. Our customers—both consumers

and B2B partners—are increasingly demanding sustainable solutions that align with their values. At the same time, regulators are raising expectations, and the risks of inaction are higher than ever.

That is why sustainability is not just a project for us; it is a guiding principle. We focus our efforts on areas where we can make the greatest impact: reducing our environmental footprint, advancing circular solutions, and helping our customers achieve their own sustainability ambitions. In 2025, we achieved validation from the Science-Based Targets initiative (“SBTi”) by setting ambitious, science-driven emissions targets and embedding rigorous climate action across our operations. This milestone underscores our commitment to real, measurable change. 1

This year, our teams pushed the boundaries of what packaging can be. We introduced innovative bio-based and recyclable materials, designed refillable systems that reduce waste, and guided brands through a rapidly shifting regulatory landscape. Every step forward reinforces our commitment to making packaging a part of the solution, not the problem.

SUSTAINABILITY IS ABOUT MORE THAN COMPLIANCE OR COST—IT IS ABOUT CREATING LONG-TERM VALUE FOR EVERYONE WE SERVE.

By unlocking new revenue streams, mitigating risks, and building lasting competitive advantages, we are proving that sustainability is not just good for the planet—it is good for business.

The Power of Partnerships

We know that lasting change cannot be achieved alone. Collaboration is essential to driving systemic progress. In 2024, we strengthened partnerships across our value chain—working closely with

suppliers, customers, and industry groups to accelerate innovation and share best practices.

Our engagement extended beyond industry boundaries as well. We expanded collaborations with academic institutions and community organizations to advance research and initiatives that benefit both society and business. We also embraced new technologies and data-driven insights to better understand customer needs and measure our progress. By doing so, we are not only meeting today’s expectations—we are preparing for tomorrow’s opportunities.

Empowering Our People and Communities

Our people are central to everything we achieve. The 1Berlin Shared Ownership Plan, launched this past year, gives every Berliner a stake in our success and fosters a culture of ownership and accountability. We also advanced our recruitment and professional development initiatives, ensuring our teams have the experience and perspectives needed to collaborate, innovate, and lead in a rapidly evolving world.

Beyond our walls, we continue to invest in the communities where we live and work. One partnership I am especially proud of is our work with Southside Blooms.

Together, we are transforming vacant lots in Chicago into vibrant urban flower farms that provide jobs and hope for at-risk youth. This initiative is a powerful reminder that sustainability is about more than environmental stewardship—it’s about creating opportunities and positive change in the communities we call home.

Looking Ahead: Staying the Course, Raising the Bar

As we move into 2025, I am proud of what we have accomplished but equally energized by what lies ahead. Sustainability is not a destination—it is an ongoing journey that requires resilience, creativity, and bold leadership. We will continue focusing on what matters most: driving innovation that delivers measurable impact for our customers, communities, and planet.

To all Berliners: thank you for your dedication and ingenuity in advancing our mission. To our partners and customers: thank you for your trust and collaboration as we work together toward shared goals. Together, we are shaping a more sustainable world—one package, and one community, at a time.

With gratitude,

Bill Hayes CEO and President Berlin Packaging Global

1 Berlin Packaging achieved official Science Based Targets initiative (SBTi) validation of our greenhouse gas reduction targets in May 2025. While this milestone occurred after the close of the 2024 reporting period, we have included this information in our 2024 ESG Report to provide stakeholders with the most current and relevant updates on our climate commitments and progress.

Q&A WITH OUR VICE PRESIDENT OF SUSTAINABILITY

Balaji Jayaseelan, Vice President of Sustainability at Berlin Packaging, leads the company’s global sustainability strategy with a focus on innovation, collaboration, and measurable impact. With over 15 years of experience in ESG leadership, Jayaseelan has been instrumental in scaling Berlin Packaging’s sustainability initiatives and embedding them across the value chain.

How has Berlin Packaging scaled its sustainability efforts in 2024?

This year, we deepened our sustainability strategy while expanding its reach across more regions. A key focus for 2024 was scaling our partnerships with customers to co-create innovative packaging solutions that align with their environmental goals. We partnered with over 89 brands globally to help them transition to more sustainable practices— whether through adopting refillable systems, integrating recycled content, or exploring biobased materials.

THESE COLLABORATIONS

REFLECT OUR ROLE AS A STRATEGIC ENABLER, HELPING BRANDS NAVIGATE EVOLVING REGULATIONS WHILE ADVANCING THEIR SUSTAINABILITY OBJECTIVES.

In parallel, we advanced our internal alignment with leading global frameworks, most notably the Science Based Targets initiative (“SBTi”). In 2025, our greenhouse gas reduction targets were

officially validated by SBTi, providing independent assurance that our climate goals are both sciencebased and aligned with the global imperative to limit temperature rise to 1.5°C. This milestone underscores our commitment to accountability and transparency as we continue to grow in new markets.

What drives Berlin Packaging’s ability to deliver innovative solutions for customers?

Innovation is at the core of everything we do. In 2024, we made significant investments in cuttingedge materials science to develop next-generation packaging solutions that balance functionality with reduced environmental impact. One of our most exciting advancements was the launch of Syntara, a proprietary bioplastic designed to combine performance and sustainability. Syntara represents a breakthrough in bioplastics—offering durability and versatility while significantly reducing reliance on fossil-based materials.

Our focus on material innovation allows us to deliver solutions that meet the needs of today’s brands while paving the way for a more sustainable future.

These efforts are amplified by our partnerships with universities and research institutions, which enable us to explore emerging technologies like bio-based polymers and enhanced recyclability solutions. By combining academic research with industry expertise, we’re accelerating progress toward a circular economy.

What gives you confidence that Berlin Packaging can catalyze industry-wide change?

Our ability to scale impact across regions and industries is what sets us apart. By working closely with customers to integrate sustainable practices into their packaging strategies, we’re creating value that extends far beyond our own operations. Additionally, we’ve worked closely with suppliers to improve energy efficiency and reduce emissions within their facilities. By engaging stakeholders across the value chain—from sourcing to end-oflife—we’re driving systemic change that benefits both businesses and the planet. In 2024, we strengthened our Global Sustainability Team by integrating expertise across engineering, design, sourcing, and supply chain management—all united by a shared purpose: driving real impact at scale.

What truly gives me confidence is the depth of collaboration we’ve achieved—with customers, suppliers, universities, and industry organizations. These partnerships are not just about solving today’s challenges; they are about shaping the future of sustainable packaging. Together, we are redefining what’s possible—pushing boundaries, challenging norms, and setting new standards for the industry.

WE DELIVER SOLUTIONS THAT MEET THE NEEDS OF TODAY’S BRANDS WHILE PAVING THE WAY FOR A MORE SUSTAINABLE FUTURE.

GOALS & PROGRESS

2024 was a year of great progress. We enhanced our greenhouse gas (“GHG”) emissions goals and made significant strides to advance circularity, packaging innovation, waste management, sustainable supply chain, and more. Our goals are intricately linked with the United Nations Sustainable Development Goals (“SDGs”), as well as the Global Reporting Initiative (“GRI”) standards.

Unless stated otherwise, all our public commitments and progress, such as those related to greenhouse gas emissions and renewable energy procurements, specifically apply to our Americas and European region. Our commitments and progress are all set against our 2022 baseline. We plan to continue enhancing our goals, and we’ll share progress updates in future reports.

INNOVATION & CIRCULARITY

Berlin Packaging's Goals

Enable our customers to ensure their product portfolio is designed for recyclability

Increase our customers’ use of recycled content across their product portfolio.

Design our products with comprehensive sustainability attributes to minimize environmental impact, such as optimized material use and reuse & refill.

Progress to Date

Enabled 89+ brands to enhance their sustainable packaging strategy, including product launches with sustainability attributes.

Sold 12,996 metric tons of post-consumer recycled (“PCR”) material, a 23.5% increase from 2023. PCR reduces the amount of virgin material used in our customers’ packaging.

Conducted 80+ life-cycle assessments to help brands understand their packaging footprint.

Expand our suite of sustainability services to help our customers unpack their full sustainability potential.

Launched a sustainability marketing and communications consulting service, partnering with brands to communicate their sustainable packaging initiatives.

CLIMATE

Berlin Packaging's Goals

Net-zero commitment

By 2050, achieve netzero greenhouse gas emissions across our value chain.

Scope 1 & 2 emissions

By 2030, reduce our Scope 1 and 2 emissions by 44.8% from a 2022 baseline.

By 2050, reduce Scope 1 and 2 emissions by 90% from a 2022 baseline.

Scope 3 emissions

By 2030, reduce our Scope 3 emissions by 51.6% per US dollar of revenue, relative to our 2022 baseline.

By 2050, reduce Scope 3 emissions by 97% per US dollar of revenue, relative to our 2022 baseline.

Progress to Date

Achieved Science Based Targets initiative (SBTi) validation for emissions reduction goals.1

Reduced Scope 1 & 2 emissions by 23.27%, compared to our 2022 baseline.

Established Scope 3 baseline emissions and reduction strategy.

Renewable energy

Annually, increase procurement of renewable energy, targeting 100% renewable electricity for company operations.

Purchased 4,645 MWh of renewable energy credits, covering 100% of our organization’s 2024 electricity use in our Americas regions.

RESPONSIBLE SUPPLY CHAIN MANAGEMENT

Berlin Packaging's Goals

By 2025, assess 300 suppliers on environment, labor and human rights, ethics, and sustainable procurement criteria.

By 2025, achieve >75% engagement rate with assessed suppliers.

Progress to Date

In 2024, assessed 204+ suppliers with a 76% engagement rate via 3rd party assessments.

Collaborated with key suppliers to enhance continuous improvement plans.

WASTE REDUCTION

Berlin Packaging's Goals

By 2030, certify 20 of our strategic warehouses as zero waste, which we define as >90% waste diverted from landfill.

Progress to Date

Reduce waste across our global operations and divert from landfill as much as possible.

Pursuing TRUE zero waste certification for both our Napa Valley warehouse (>90% diversion rate) and our Pittsburgh warehouse (>80% diversion rate).

BIODIVERSITY & COMMUNITY ENGAGEMENT

Berlin Packaging's Goals

Actively engage our network to help conserve, protect, and restore our ecosystems.

Progress to Date

Partnered with non-profits and local organizations to support local communities.

Engage our people to give back through community health and well-being initiatives.

Became a Ready 365 Bronze-level partner of the American Red Cross, donating $20,000 to support local community resilience and disaster response.

Unless stated otherwise, all our public commitments and progress, such as those related to greenhouse gas emissions and renewable energy procurements, specifically apply to our Americas and European regions. Our commitments and progress are all set against our 2022 baseline. We plan to continue enhancing our goals, and we’ll share progress updates in future reports.

A BOUT BERLIN PACKAGING

Who We Are

As the world's largest Hybrid Packaging Supplier®, we’re driving the future of sustainable packaging. We provide brands of all sizes with comprehensive packaging solutions, integrating manufacturing, distribution, and value-added services including design, sustainability, quality assurance, and logistics. Our global reach and extensive value chain enable us to deliver cutting-edge, sustainable packaging for the products you may already love and use daily.

Driving best-in-class solutions across diverse markets.

2,200+ team members

100+ locations across 4 continents

50K+ packaging components

1,700+ suppliers

6+ million sq. ft. of warehouse space

2 companies acquired in 2024: Nissho Jitsugyo (Osaka, Japan); Rixius AG (Mannheim, Germany)

Recognized globally for excellence in design, innovation, and sustainability.

42K+ GLOBAL CUSTOMERS

Trusted by leading brands and businesses around the world.

4,645 MWH RENEWABLE ENERGY CREDITS PROCURED

This amount of energy is enough to charge over 240 million smartphones.1

22,000+ TONS OF CO₂E REDUCED FOR CUSTOMERS 2

Empowering our customers to reduce their carbon footprint through our innovative products.

8.19 MILLION+ PACKS SOLD

Delivering smart, sustainable packaging solutions at scale.

1 Derived using the EPA Greenhouse Gas Equivalences calculator for smartphone charging.

2 This figure was calculated based on the amount of PCR content integrated through our services, using recognized industry emissions factors. It reflects only PCR volumes directly provided and enabled by us and may not represent actual emissions reductions achieved by all customers.

24 PACKAGING AWARDS WON

Recognized globally for excellence in design, innovation, and sustainability.

23.27% REDUCTION IN

12,996

GLOBAL SCOPE

1 & 2 EMISSIONS

Eliminated 2,177 metric tons of CO₂ since 2022—the same as removing 473 cars from the roads for a year.3

3 Determined using the Environmental

METRIC TONS OF PCR MATERIAL SUPPLIED

That’s on par with the weight of over 30 fully loaded Boeing 747 jumbo jets—diverted from landfills and promoting a circular economy.4

CLIMATE

We view climate action not just as an environmental imperative, but as a catalyst for innovation and long-term business success. In 2024, we significantly expanded our approach, embracing a truly global perspective that aligns with our position as an industry leader.

Our strategy is grounded in three interconnected pillars:

Data-Driven Insights:

We leverage robust data collection and rigorous analysis to drive effective strategies, optimize resource allocation, and ensure accountability across our value chain.

Sustainable Innovation:

We develop and deploy cutting-edge packaging solutions that minimize environmental impact while meeting evolving customer needs.

Collaborative Impact:

We believe that systemic change requires collective action. We’re engaging our suppliers, customers, and industry partners to drive progress towards a lowcarbon economy.

In 2025, our greenhouse gas emissions reduction targets were officially validated by the Science Based Targets initiative (“SBTi”). This independent verification confirms that our climate goals are in line with the latest climate science and support the global push to limit temperature rise to 1.5°C.

Our SBTi-approved targets span Scope 1, 2, and 3 emissions, reflecting a comprehensive approach to decarbonize across our operations and throughout our value chain. Achieving SBTi validation is a significant milestone in our sustainability journey—it signals to our customers, partners, and team members that our climate ambitions are both credible and measurable. We are proud to stand alongside a global community of companies leading the way toward a low-carbon future.

OUR TARGETS OUR PROGRESS

Achieving Net Zero Emissions

By 2050 , achieve net-zero greenhouse gas emissions across our value chain.

Scope 1 & 2 Emissions

By 2030 , reduce our Scope 1 and 2 emissions by 44.8% from a 2022 baseline.

By 2050 , reduce Scope 1 and 2 emissions by 90% from a 2022 baseline.

Reducing Value Chain Emissions

By 2030 , reduce our Scope 3 emissions by 51.6% per U.S. dollar of revenue, relative to our 2022 baseline.

By 2050 , reduce Scope 3 emissions by 97% per U.S. dollar of revenue, relative to our 2022 baseline.

Increasing Renewable Energy Use

Annually, increase procurement of renewable energy, targeting 100% renewable electricity for company operations.

Scope 1 and 2 Emissions

Our Scope 1 and 2 emissions decreased by 23.27% from the 2022 baseline.

Scope 3 Emissions

We established our Scope 3 emissions baseline this year. Our Scope 3 emissions account for over 90% of our total emissions. We will continue to drive upstream and downstream decarbonization initiatives.

Renewable Energy

We purchased 4,645 MWh of renewable energy credits, covering our organization’s 2024 electricity use in our Americas region.

1 In 2024, we’ve expanded our carbon reduction commitments to include our broader EMEA regions. We plan to continue enhancing our commitments, and we’ll share progress updates in future reports.

SCOPE 1 & 2

In 2024, we took a significant step forward by expanding our carbon emissions reporting to include our EMEA operations alongside the Americas. This comprehensive approach provides a more holistic view of our global environmental impact and illuminates opportunities for future improvements across our entire network. Our strategy for emissions reduction remains multifaceted and dynamic, leveraging best practices from across our global network. Key initiatives driving our progress include:

Renewable Energy

We’ve continued our annual initiative of procuring Renewable Energy Credits (“RECs”) to cover 100% of our annual electricity usage across our Americas region. These Green-e Energy Certified RECs, purchased through Direct Energy Business, ensure that an equivalent amount of renewable energy is added to the electricity grid. This commitment supports our broader goal of reducing our electricity consumption by 25% by 2030 across our global operations.

Energy Efficient Technologies

We continue to invest in energy-efficient solutions, with our LED lighting program serving as a cornerstone of these efforts. We plan to continue expanding this program across our global facilities, driving both environmental and operational benefits.

Network Optimization

Our focus on optimizing transportation routes has reduced our global footprint and associated utilities consumption, while also improving transportation routes and vehicle emissions. Participation in the Environmental Protection Agency (“EPA”) SmartWay program further enhances our efforts to improve energy efficiency across our warehouse network. We’re actively working to extend these optimization strategies throughout our global operations.

Inventory Optimization

By aligning inventory levels with market demand and implementing efficient management practices, we’re minimizing excess stock, promoting resource efficiency, and reducing waste. This approach optimizes our warehouse operations and leads to more efficient routing and consolidation of shipments, further reducing transportation-related emissions.

BERLIN PACKAGING GREENHOUSE GAS EMISSIONS 3

3 This data covers our electricity and natural gas usage across our Americas and European regions, as measured by internal data collection. As we have expanded the scope and depth of our emissions reporting, we have updated our baseline and progress emissions according to new data and methodologies. The 2022 baseline and subsequent years reflect these updates to ensure consistency and accuracy in our reporting.

SCOPE 3

In 2024, we undertook a comprehensive mapping of our Scope 3 emissions—the indirect emissions embedded within our value chain. This critical step informs our strategy to reduce these emissions by 25% by 2030, a target that reflects our commitment to driving meaningful change beyond our direct operations. To guide our efforts, we completed a detailed Scope 3 baseline assessment, which revealed that (1) purchased goods and services, (2) end-of-life treatment of sold products, and (3) processing of sold products represents the most significant sources of emissions. Together, these categories account for over 90% of our total Scope 3 emissions, making them critical focus areas for our reduction strategy.

Our assessment methodology aligns with the Greenhouse Gas Protocol Corporate Accounting and Reporting Standard, Greenhouse Gas Protocol Corporate Value Chain (Scope 3) Accounting and Reporting Standard, and the Greenhouse Gas Protocol Technical Guidance for Calculation Scope 3 Emissions (version 1.0). We’re actively working to enhance the accuracy of our data by transitioning away from spend-based modeling and prioritizing the collection of primary data where possible.

0.10% - Waste Generated in Operations

0.08% - Fuel and Energy-Related Activities

OUR SCOPE 3 EMISSIONS DATA

- Business Travel

- Upstream Leased Assets

- Employee Commuting

- Capital Goods

- Downstream Transportation & Distribution

- Upstream Transportation & Distribution

2024 Scope 3 Emissions*

2,362,390 (MtCO2e)

- Processing of Sold Products

- End-of-life Treatment of Sold Products

- Purchased Goods & Services

1 Our Scope 3 greenhouse gas emissions disclosed in this report have been calculated internally by Berlin Packaging using methodologies consistent with the GHG Protocol Corporate Value Chain (Scope 3) Standard. The calculations are based on available internal data, relevant emission factors, and reasonable assumptions where primary data was not accessible. These estimates are subject to refinement as data quality and calculation methodologies improve over time.

STRATEGIC COLLABORATION: DRIVING PROGRESS WITH OUR PARTNERS

Achieving our Scope 3 emissions reduction goals requires close collaboration across our entire ecosystem. To that end, we’re actively partnering with our suppliers, logistics providers, and customers to implement impactful strategies, including:

Sustainable Sourcing Initiatives

We’re actively engaging with our suppliers to promote the adoption of low-carbon materials, such as post-consumer recycled (PCR) plastics and bio-based alternatives. We’re also working to establish clear environmental standards for our suppliers and prioritizing those who demonstrate a commitment to sustainability.

Innovative Packaging Design

Our design teams are pushing boundaries to create sustainable packaging solutions. By leveraging circular design principles, we’re developing packaging solutions that minimize material use, maximize recyclability, and optimize end-of-life management. We’re also investing in material research and innovation, partnering with our customers to pilot and scale these solutions commercially.

Optimizing Logistics Network

From optimizing routes to consolidating shipments and reducing transportation distances, we’re dedicated to moving our products as efficiently and sustainably as possible. Our partnership with eco-friendly carriers, many of whom participate in the EPA SmartWay program, ensures that our products are transported with a focus on fuel efficiency and reduced emissions. We’re integrating sustainable transportation practices throughout our network, minimizing our environmental footprint while ensuring timely and reliable delivery for our customers.

Driving Energy Efficiency

We joined the U.S. Department of Energy’s Better Buildings Initiative, connecting with industry leaders to accelerate energy efficiency and emissions reductions across our facilities. Through this initiative, we share best practices, access technical resources, and benchmark our progress, amplifying the impact of our decarbonization efforts. These collaborations enable us to drive meaningful change both within our operations and throughout our broader ecosystem.

Transparency and accountability are vital to our Scope 3 emissions reduction efforts. While not all emissions are directly within our control, we recognize our ability to influence our suppliers and raise shared environmental standards. In future reports, we’ll share detailed progress updates, including specific targets for key GHG emissions categories.

CIRCULARITY RETHINKING PACKAGING, REIMAGINING POSSIBILITY

At Berlin Packaging, circularity isn’t just a buzzword— it’s a creative challenge we embrace every day. We believe packaging should rarely be destined for a single use. When possible, we design every solution with a second (and third, and fourth) life in mind, weaving circular thinking into the fabric of our innovation.

Our journey starts with materials: we champion recycled and recyclable content, like the lightweight, recycled PET in our AirLight Refill system, and glass bottles made with recycled cullet. But circularity is more than materials alone—it’s about systems that invite participation. Our refillable and reusable designs, from skincare to food, empower consumers to keep packaging in play, turning everyday routines into acts of sustainability. We don’t stop at the product. Across our operations, we’re building the infrastructure for a circular future—rolling out standardized waste management frameworks, piloting clear labeling for recycling, and

engaging teams through Sustainability Days and hands-on campaigns. Every initiative is a step toward closing the loop, making it easier for everyone— customers, partners, and employees—to accelerate the circular economy.

Looking ahead, we’re focused on pushing boundaries: investing in new refill systems, exploring nextgeneration materials, and collaborating across the value chain to accelerate circular solutions. For us, circularity is a mindset—one that transforms packaging from a fleeting necessity into a lasting resource, and redefines what’s possible for our industry and our planet.

We're committed to leading the future of sustainable packaging, empowering businesses to achieve their environmental goals while driving growth. In 2024, we expanded our suite of sustainability services, showcasing our commitment to innovation, circularity, and responsible business practices.

Life-Cycle Assessments (LCAs)

Our Life Cycle Assessment (LCA) and Product Environmental Footprint (PEF) services have set new industry benchmarks and catalyzed transformative change across global supply chains. In 2024, we conducted over 80 LCAs worldwide. This milestone represents more than just numbers; it signifies our unwavering commitment to empowering businesses with data-driven insights for sustainable decision-making.

IN 2024, OUR LCAS HELPED DRIVE TANGIBLE BUSINESS IMPACT. FOR INSTANCE, WE HELPED ONE OF OUR CUSTOMER BRANDS REDUCE 750+ TONS OF CARBON EMISSIONS THROUGH THE INTEGRATION OF POST-CONSUMER RECYCLED CONTENT. THAT’S EQUIVALENT TO TAKING 175 CARS OFF THE ROAD FOR A YEAR!

Our LCA expertise spans diverse sectors, from consumer goods to heavy industry, helping clients enhance product design for circularity, often to the tune of multithousands of tons of carbon emissions saved, and support credible environmental product claims. Our ongoing investments in advanced LCA methodologies and digital tools position us to tackle emerging challenges, from biodiversity impact quantification to social LCA integration. By providing unparalleled insights into product lifecycles, we continue to be the partner of choice for forward-thinking organizations committed to building a more sustainable, resilient future.

SUSTAINABILITY MARKETING

In 2024, we launched our Sustainability Marketing service, a pioneering initiative that has quickly become an integral part of our clients’ sustainability strategies. This service goes beyond traditional marketing approaches, positioning sustainability at the core of brand identity and consumer engagement.

Our team collaborates with clients to develop comprehensive sustainability marketing strategies that align with their broader ESG goals. We've helped businesses:

• Articulate their sustainability vision into compelling narratives

• Create data-driven brand and product marketing campaigns that highlight tangible environmental benefits

• Enhance brand loyalty through transparent sustainability communications

By helping businesses authentically connect their sustainability efforts with consumer values, we're not just evolving marketing strategies—we're catalyzing a shift towards a more sustainable and responsible business landscape.

WE PARTNERED WITH AMIKA, A HAIR CARE BRAND AND CERTIFIED B CORP, TO TRANSITION TO POST-CONSUMER RECYCLED (PCR) CONTENT AND REFILLABLE PACKAGING. WE DESIGNED CUSTOM REUSABLE SHAMPOO AND CONDITIONER BOTTLES MADE WITH EASTMAN TRITAN PLASTIC. COMPARED TO USING TWO PCR BOTTLES IN A YEAR, USING THESE REFILLABLE BOTTLES REDUCES PACKAGING CARBON FOOTPRINT BY 69%. 2

These measurements were generated by the company, Amika, through a third-party platform and life-cycle assessment.

PRODUCT INNOVATION: SYNTARA™

At Berlin Packaging, we’re committed to meeting our customers’ evolving needs through innovation. Our next-generation compostable material, Syntara, is a breakthrough in sustainable packaging—combining synthesis (human ingenuity) with terra (earth’s natural systems) to create a truly innovative solution.

Syntara is produced through microbial fermentation of organic feedstocks, reducing reliance on fossil fuels. This process involved close collaboration, testing, and transparent communication to ensure both performance and sustainability. By integrating Syntara into our portfolio, we help customers lower their carbon footprint, meet regulatory standards, and strengthen their brand reputation among conscious consumers.

Key Benefits of Syntara:

• Bio-Based Origins: Made from agricultural byproducts for a more sustainable supply chain.

• Compostable: Breaks down naturally, minimizing environmental impact.

• Performance Parity: Matches the strength and integrity of conventional plastics, making it a practical alternative.

SYNTARA REPRESENTS A SIGNIFICANT STEP FORWARD IN SUSTAINABLE PACKAGING. BY LEVERAGING MICROBIAL FERMENTATION, WE’RE CREATING A MATERIAL THAT NOT ONLY PERFORMS LIKE TRADITIONAL PLASTICS BUT ALSO ALIGNS WITH THE GROWING DEMAND FOR SUSTAINABLE SOLUTIONS.

- Balaji Jayaseelan, Vice President of Sustainability

PRODUCT INNOVATION: AIRLIGHT REFILL

At Berlin Packaging, we set out to answer a simple question: Can beauty packaging be both stunning and sustainable? The result is AirLight—a refillable, airless system that brings circularity to the heart of the beauty industry.

AirLight isn’t just a container; it’s an invitation to rethink routines. By trading heavy glass for featherlight, recycled PET, we’ve made it effortless for consumers to refill, reuse, and fall in love with their packaging all over again. The intuitive system keeps favorite products in play, turning everyday beauty rituals into acts of sustainability—without compromising on elegance or performance.

With AirLight, we’re not just reducing single-use waste—we’re reimagining what beauty packaging can be. It’s a solution that empowers brands and consumers alike to make choices that feel as good as they look, proving that sustainability and sophistication can go hand in hand.

PRODUCT INNOVATION:

HEKO REFILL

Heko is where modern luxury meets circular design. Engineered for over 25 refills, each Heko bottle keeps fragrance in play and single-use waste out of landfills—helping brands and consumers dramatically shrink their environmental footprint.

Available in 15, 30, and 50 ml, Heko’s minimalist glass bottle is lighter than conventional designs, cutting emissions from production to delivery. Its clean lines and mix-and-match capsules let brands reinvent their look again and again, without starting from scratch. Heko proves that in today’s fragrance market, style and sustainability aren’t a tradeoff—they’re a winning combination.

PRODUCT INNOVATION: HELIUM OIL & VINEGAR COLLECTION

True innovation is about more than just aesthetics—it’s about setting new standards for sustainability and performance. Inspired by the success of our Helium Mixology range for spirits, we set out to reimagine packaging for the oil and vinegar segment, blending elegance with environmental responsibility.

The Helium collection stands out with its clean, modern silhouette and versatility, offering the most in-demand formats to serve both artisanal producers and high-speed filling lines. But what truly sets Helium apart is its commitment to circularity: each bottle is crafted from UVAG glass containing up to 75% recycled cullet, reducing energy use and carbon emissions during production. The lightweight design further cuts transportation emissions, while CO₂ emission offsetting—certified by ClimatePartner—ensures a minimized environmental footprint from start to finish.

Every detail is considered, from the natural wood head and integrated pourer to the exceptional clarity and quality of the glass. Helium isn’t just a bottle—it’s a statement that innovation, sustainability, and sophistication can coexist.

CASE STUDY: CRAFTING SUSTAINABILITY IN ART SUPPLIES

Royal Talens, a trusted name in professional-grade art materials for over a century, partnered with our Studio One Eleven to advance its sustainability goals. Together, we reimagined the packaging for the Talens Art Creation 750ml range, delivering measurable environmental benefits without compromising quality.

The collaboration resulted in a custom-designed plastic bottle and cap that reduced material usage by 10%, lowering resource consumption and transportation emissions. By producing the packaging locally in the Netherlands, Royal Talens also minimized long-distance shipping, creating a shorter and more sustainable supply chain.

This partnership demonstrates how innovative design and localized production can drive sustainability while maintaining product integrity—helping Royal Talens meet its environmental goals and strengthen its commitment to responsible business practices.

CASE STUDY: DESIGNING ELEGANCE WITH SUSTAINABILITY FOR saVoam

saVoam, known for its luxurious hand soaps, partnered with our Studio One Eleven in the Netherlands to develop a refillable glass bottle that combines sustainability with sophistication.

The bottle features a seamless refill system, promoting reusability while maintaining the durability and elegance expected from saVoam's premium product line. This collaboration reflects saVoam's commitment to offering sustainable alternatives that align with its reputation for quality and refinement, demonstrating how thoughtful design can elevate sustainability in the luxury sector.

NAVIGATING THE ESG REGULATORY LANDSCAPE

Anticipating evolving regulations is essential for achieving success and driving sustainability. Recent legislative changes are transforming the design, production, and disposal of packaging materials, requiring businesses to adapt quickly and strategically.

At Berlin Packaging, we’re dedicated to aligning our operations with these regulations while supporting our customers in their sustainability journey. Our tailored consulting services empower clients to navigate complex compliance requirements while seamlessly integrating sustainability into their operations.

By aligning with emerging frameworks, we’re not just keeping pace—we’re leading the charge in sustainable packaging solutions that enable our customers to thrive in a rapidly changing market.

Extended Producer Responsibility (EPR)

Makes producers responsible for the full lifecycle of packaging, including collection, recycling, and disposal.

Key Elements:

• Producer Obligation: Producers fund and manage packaging waste collection and recycling.

• Eco-Modulation: Fees are adjusted based on sustainable improvements, such as packaging recyclability and recycled content.

• Compliance: Producers must follow state and region-wide policies to ensure accountability.

Post-Consumer Recycled Content (PCR)

Promotes the use of recycled materials sourced from consumer waste in new packaging.

Key Points:

• Targets: States and retailers alike can set minimum PCR content requirements or preferences for plastic packaging (e.g., 30% by 2030).

• Circularity: Reduces reliance on virgin materials and supports a circular economy.

Packaging and Packaging Waste Regulation (PPWR)

Vital EU regulation focused on enhancing packaging waste management and sustainability.

Key Targets:

• Minimization: Reduce packaging to the essential amount needed for its function.

• Recycled Content: Establish targets for incorporating recycled materials in plastic packaging.

• Recyclability: Ensure all packaging meets Design for Recycling criteria and is collected and recycled effectively.

Eco-Design for Sustainable Products Regulation (ESPR)

Promotes sustainable product design as part of the EU’s Circular Economy Initiative.

Focus Areas:

• Durability: Encourage longer-lasting products to reduce waste.

• Repairability: Design products that are easy to repair.

• Reusability: Promote products that can be reused multiple times.

• Recyclability: Ensure that products are recyclable to minimize environmental impact.

Single-Use Plastics Directive (SUPD)

Aims to reduce plastic pollution by banning specific single-use plastic items.

Key Measures:

• Bans: Prohibit certain single-use plastics like cutlery, plates, and straws.

• Alternatives: Encourage the use of biodegradable or reusable options.

• Collection Goals: Set ambitious targets for collecting plastic bottles to enhance recycling efforts.

EU Plastic Tax

Seeks to reduce plastic waste by taxing nonrecycled plastic materials.

Objectives:

• Incentives: Encourage recycling and the use of sustainable alternatives.

• Adoption: Several EU member states have implemented this tax as part of their sustainability strategies.

• Circular Economy Support: Promote a shift from virgin plastics to more sustainable materials.

RESPONSIBLE SUPPLY CHAIN

At Berlin Packaging, our supply chain is a driving force for positive change—delivering value, resilience, and measurable ESG impact. In 2024, we elevated our approach by embedding best-inclass practices, robust data, and a spirit of innovation into every step of our procurement and supplier engagement strategy.

By embedding sustainability into every procurement decision and investing in both global partnerships and in-house R&D, we’re shaping a supply chain that’s resilient, inclusive, and ready for the future. We’re not just sourcing packaging—we’re sourcing progress and building a portfolio of solutions that empower our customers and our communities to thrive in a circular economy.

Embedding ESG in Supplier Relationships

We conduct regular materiality assessments to identify and manage the most significant ESG risks and opportunities within our supply chain, including climate, human rights, and governance concerns. Our due diligence process is continuous and data-driven, leveraging third-party platforms such as EcoVadis and Sedex to assess, benchmark, and improve supplier performance. In 2024, 76% of our targeted suppliers completed third-party ESG assessments, up from 64% in 2023, and 54% underwent on-site audits. This year, 204 suppliers were assessed through these platforms, reflecting our commitment to transparency and accountability.

To drive partnership, transparency, and innovation at every step, we launched our EMEA Supplier Engagement Program on sustainability, targeting approximately 20 key suppliers across diverse regions and sectors in its first phase. This program is designed to foster open dialogue and joint action, focusing on three core priorities: improving Scope 3 emissions reductions, co-developing more sustainable products and materials, and navigating the evolving landscape of EU sustainability regulations, including PPWR, CSRD, CBAM, and EUDR.

This year, 7.27% of our North American spend was directed to diverse suppliers, with a focus on womanowned and minority-owned businesses. We prioritize suppliers with recognized diversity certifications, strengthening our supply network and supporting economic opportunity in our communities.

Supplier Engagement and Capacity Building

We believe transformation happens together. In 2024, we hosted 68 supplier capacity-building events—more than triple the previous year’s total— focused on sharing best practices, supporting compliance with evolving regulations, and driving continuous improvement. We maintain open communication channels, provide resources and training, and work with suppliers to develop and track corrective action plans where needed.

Through regular engagement, we’re not only sharing our expectations but also listening to supplier insights, identifying shared challenges, and co-creating solutions that drive measurable progress. This collaborative approach is already helping us accelerate innovation in new materials and product design, while ensuring our supply chain is prepared for the demands of tomorrow’s regulatory environment.

Sustainable Procurement

Our procurement strategy is rooted in a global search for the most advanced, low-carbon packaging materials and technologies. We prioritize suppliers who share our vision for sustainability, resilience, and ethical business, and we focus on driving an industry-leading portfolio of circular and low-impact packaging solutions.

Beyond sourcing, we invest in in-house research and development to create proprietary solutions that set new industry standards. Our Syntara bioplastic, for example, is engineered for compostability, reduced emissions, and circularity—demonstrating our commitment to innovation that drives both environmental and business value.

Continuous Improvement and Accountability

We set clear objectives, track progress with quantifiable metrics, and regularly review supplier performance against our ESG standards. Our cross-functional ESG team ensures data integrity, legal compliance, and alignment with international reporting frameworks. We are committed to ongoing improvement, transparent reporting, and collaborative action to advance responsible sourcing and supply chain sustainability.

SMALL PACKAGE, BIG IMPACT: ADVANCING CIRCULARITY WITH PAPER-BASED PACKETS

As brands seek to move beyond plastic, our exclusive partnership with a U.S.-based innovator led to the launch of our Paper-Based Packets—our next-generation paper-based sample packaging— engineered for a wide range of industries, from beauty and wellness to food, beverage, home care, and beyond. These compact packets are made with up to 85% responsibly sourced or recycled paper, use over 90% less plastic than traditional formats, and are produced using 100% renewable wind energy. Recyclable where facilities exist, our solution empowers brands to reduce waste without sacrificing convenience or product integrity.

By offering leak-proof, customizable, and eye-catching packaging, we’re proving that sustainability and standout branding can go hand-in-hand. In 2024, we've continued to help partners across markets deliver premium, eco-friendly experiences—one sample at a time. Together, we’re making “try me” and “take me with you” a win for both customers and the planet.

Our success is built on the strength of our people and the connections we foster with the communities we serve. Guided by our One Berlin values and an Anything is Possible ® mindset, we’re committed to creating lasting impact through initiatives that prioritize shared success, inclusivity, and well-being. Our Talent and Culture strategy is rooted in three interconnected pillars—Workforce, Workplace, and Marketplace— each designed to empower employees, strengthen our culture, and create positive change in the communities where we live and work.

We’ve established a multi-year roadmap consisting of three strategic pillars to cultivate a diverse and inclusive workplace.

Workforce

Strengthening the workforce through inclusive recruiting and transparent promotion practices.

Workplace

Delivering programs that strengthen culture, including learning programs and transparent communications.

Marketplace

Positively impacting the communities in which we live and work by designing and overseeing company-sponsored volunteer and outreach activities, charitable giving, and strategic partnerships.

WORKFORCE: BUILDING A STRONG AND UNIFIED TEAM

Our people are at the heart of everything we do, and we firmly believe that attracting and retaining top talent is critical to our continued success. We recognize that our collective achievements stem directly from the unique contributions of every individual on our team. We’re committed to strengthening our workforce through inclusive hiring practices and transparent pathways for career advancement. This commitment ensures that as our organization grows, our people grow with us, fostering an environment where everyone can contribute their best.

Talent Attraction & Recruitment

Building a winning team starts with attracting exceptional talent. Beyond skills and experience, we seek individuals who embody our Anything is Possible® mindset—those who are passionate, resilient, and driven to succeed while elevating those around them.

In 2024, we made significant strides in enhancing our talent acquisition processes. Through our partnership with TalentAlly, we expanded our recruitment pipeline

and diversified our candidate pool. To further attract a wider range of applicants, we crafted inclusive job postings designed to encourage candidates from all backgrounds, regardless of whether their experience was a "perfect" match. We delivered comprehensive manager training on how to hire fairly, by implementing a structured hiring processes that minimizes unconscious bias. These combined actions ensure we're not only attracting but also effectively bringing in unique perspectives that drive innovation, foster collaboration, and empower every employee to contribute their best work.

Career Growth and Development

To support employee growth and development, we've established a variety of pathways for career advancement with a toolkit that outlines potential career moves and development opportunities. Additionally, employees have access to job postings to view open roles and new career opportunities. We continue to leverage mentorship programs to connect new hires and aspiring individuals with more experienced employees, providing guidance and insights for career progression and success.

Furthermore, we provide employees with access to training, tools and resources including individual development plans (IDPs), co-created with managers, to outline specific skills to acquire and experiences to gain for their desired career trajectory. We encourage employees and managers to use the annual performance review process to share feedback, discuss career goals, and development plans.

Annual Acknowledgment and New Hire Process

Our commitment goes beyond just recruitment, training, and development; it's about continuously aligning every employee with the principles that define our company culture. We share our expectations for conduct annually and during the new hire process to ensure everyone understands their role in upholding Berlin Packaging’s core values.

• During the new hire process: All new employees are introduced to the Global Code of Conduct as part of their onboarding. This ensures that from day one, they understand our expectations regarding integrity, respect, and accountability.

• Annually: Every year, we require all employees to review and sign the Global Code of Conduct. This annual reaffirmation reinforces our dedication to these values and ensures they remain at the forefront of our collective conduct.

WORKPLACE: FOSTERING A SAFE, POSITIVE, AND INCLUSIVE CULTURE

Our workplace is more than just a place to work—it’s a vibrant community where collaboration thrives and employees are empowered to contribute their unique ideas and perspectives, driving shared success and professional growth.

Empowering Shared Success: The 1Berlin Shared Ownership Plan (BSOP)

In 2024, we launched the 1Berlin Shared Ownership Plan (BSOP), a transformative initiative that empowers eligible employees to share in the financial rewards of our company’s growth. Employees with two years of continuous service automatically gain a stake in the company’s future success, aligning their contributions with company performance.

To support BSOP, we introduced quarterly “Ownership Updates” and launched the "WE Own It" employee suggestion program, which invites employees to share innovative ideas that drive business growth and operational excellence. Recognizing impactful contributions fosters a sense of ownership and accountability across the organization. As we move forward, the program will continue to evolve, enhancing our efforts to foster an ownership mindset and sense of empowerment so every Berliner can thrive alongside the company they helped build.

Engaging Our Teams through Feedback and Communication

Listening to our employees is central to fostering engagement and building a supportive workplace culture. In 2024, we conducted our annual employee net promoter score (eNPS) survey across our Americas region, achieving an 81% participation rate and an overall eNPS score of 33— placing us in the “very good” range. Employees highlighted our strong culture of collaboration, the dedication of their teammates, work flexibility, and the supportive leadership demonstrated at local levels. Our recently launched 1Berlin Shared Ownership Plan (BSOP) was also recognized as a significant investment in employees that aligns with our values of shared success.

Employees also identified opportunities for improvement including elevating our recognition and reward programs, enhancements to systems and processes, and formalizing internal communication channels. By acting on employee feedback, we’re building a workplace where every Berliner feels heard, valued, and empowered.

Recognizing Excellence: Rewards & Recognition Programs

Celebrating achievements is central to our culture at Berlin Packaging. Our recognition-based awards include the annual Rising Star and Anything is Possible® Awards, where Berliners nominate colleagues who embody our values and deliver outstanding results. Winners are honored with trophies, monetary bonuses, and exclusive reward trips—acknowledging their exceptional contributions to our mission.

In addition to recognition programs, we offer competitive compensation packages that include variable pay structures such as uncapped commission plans, bonus plans, and unique incentive programs like the WINGS program, which provides eligible employees with airline vouchers.

Learning & Development Highlights: Empowering Growth

Continuous learning is integral to fostering a workplace where Berliners can thrive. In 2024, we rolled out several training programs covering product and market training, financial acumen, unconscious bias, harassment and discrimination prevention— equipping our teams with the information and tools to perform their roles with success.

In 2024, we provided employees with access to training sessions on intergenerationality, interculturality, equity, and more—fostering crosscompany dialogue on ESG topics while building a more inclusive culture. Our commitment goes beyond recruitment and training—we have implemented a Global Code of Conduct to ensure every employee upholds Berlin Packaging’s core values of integrity, respect, and accountability. We also rolled out unconscious bias training with hiring managers and across various levels of the organization to help employees identify hidden biases and adopt more inclusive behaviors. This included dedicated workshops for senior and middle management leaders, equipping them with the tools to champion inclusion within their teams and drive meaningful change throughout the organization.

Additionally, we offered comprehensive financial acumen training, delivered through three targeted modules, designed to cultivate an ownership mindset. This training taught employees essential business finance, showing how their decisions directly boost company value and returns. It also gave them practical ways to increase business value in their daily tasks, encouraging them to find better ways to work, improve processes, and help grow revenue. This training reinforced our belief that when all employees think like an owner, use their voice, and collaborate effectively, we achieve success together.

Sustainability remains a core focus of our learning initiatives. Our Global Sustainability Team engaged 170+ packaging consultants for 1,500+ training hours through trade shows, supplier meetings, workshops at local business units, and tailored region-specific sessions. In our EMEA region, our Sales Activation Plan exemplified this commitment by engaging 48 sales representatives across Germany, the Netherlands, and the UK with interactive training on guiding customers toward sustainable packaging solutions.

We regularly update our Berliners on our ESG progress through recurring town halls featuring sustainability updates. In EMEA, our Sustainability Onboarding program introduces new hires to Berlin Packaging’s sustainability strategy—ensuring every Berliner understands their role in driving positive impact from day one. Internal communications throughout the year promotes sustainability initiatives and opportunities for employees to give back to their communities.

Health & Safety: Fostering a Culture of Wellbeing

Employee wellbeing is at the heart of our operations. We’re continuously strengthening our safety culture by expanding the use of our Berlin4HSE app and launching the Engagement League, which encourages regular safety inspections, real-time reporting, and active participation in safety huddles. In 2024, 97% of our warehouse staff across 29 EMEA sites engaged with these initiatives, making safety more accessible and collaborative than ever before.

This year, we also introduced a region-wide Sustainability Day, which established a standardized waste management framework to promote best practices and streamline recycling efforts. To further unify and elevate our standards, teams from

the Americas and EMEA regions participated in collaborative workshops, exchanging experiences, safety solutions, and suggestions for improvement.

Our ongoing Housekeeping Competition and steady progress toward ISO 14001 and ISO 45001 certifications reflect our unwavering commitment to continuous improvement.

By integrating advanced technology, targeted training, and strong employee engagement, we are building a safer, healthier, and more sustainable workplace for everyone. Our approach emphasizes regular equipment and facility inspections, comprehensive safety training, transparent communication, and the proactive use of automation and analytics to identify and address risks. This holistic strategy not only reduces incidents but also fosters a culture where every employee feels valued and empowered to contribute to workplace safety and wellbeing.

ADVANCING SUSTAINABLE MOBILITY AND ENERGY EFFICIENCY

Sustainability is embedded in our workplace practices. In 2024, Berlin Packaging Netherlands opened an innovative truck loading and charging area at its warehouse in Eerbeek—a milestone in reducing Scope 2 emissions. Powered by 3,050 solar panels generating approximately 1.2 gWh annually, this facility integrates smart energy systems to optimize green energy use while supporting simultaneous charging for up to 10 electric trucks (with future capacity for 18). In Italy, we continued implementing the "Home-Work Travel Plan" at key sites to reduce emissions while improving employee well-being.

MARKETPLACE: MAKING A POSITIVE IMPACT IN OUR COMMUNITIES

We believe that thriving communities are the foundation of a sustainable future. Guided by our Corporate Social Responsibility (CSR) framework and aligned with the United Nations Sustainable Development Goals (SDGs), our Marketplace pillar focuses on creating lasting impact through sustainability initiatives, community engagement, and strategic partnerships. By empowering employees, collaborating with organizations, and driving innovative programs, we are building a future where both people and the planet thrive.

Uniting for Impact

Berliners across the globe joined forces to connect, engage, and advocate for diverse causes. From environmental restoration to disaster relief, our teams worked hand-in-hand with organizations to drive meaningful change.

Climate Action: Protecting the Planet While Empowering Communities

We’re committed to addressing environmental challenges while creating opportunities for social impact. In Chicago, we deepened our collaboration with Southside Blooms, a social enterprise transforming vacant urban lots into solar-powered flower farms. This initiative creates jobs for at-risk youth while promoting regenerative farming practices. We provided critical support

by designing packaging solutions for national flower shipments, sourcing suppliers, and building inventory management systems. These efforts helped Southside Blooms achieve a 143% revenue increase in one year and create 35 living-wage jobs for underserved youth. Employees also joined beautification efforts at the farm near Cook County Jail and supported the organization through a flower subscription for our office.

In Italy, we partnered with Veneto Agricoltura and the Veneto Region to support the eCO2centrO2 initiative, transforming unproductive land into ecosystems of Paulownia trees known for their high CO₂ absorption. By funding tree planting and irrigation systems, we contributed to global climate goals while fostering local biodiversity.

FLOWERS THAT EMPOWER: SOUTHSIDE BLOOMS PARTNERSHIP

BERLIN PACKAGING HAS BEEN INSTRUMENTAL IN SCALING OUR OPERATIONS,” SAID QUILEN BLACKWELL, FOUNDER OF SOUTHSIDE BLOOMS.

“THEIR EXPERTISE HAS ALLOWED US TO GO FROM BEING A $700,000 ORGANIZATION IN 2022 TO $1.7 MILLION TODAY—A TESTAMENT TO WHAT COLLABORATIVE EFFORTS CAN ACHIEVE.

Community Well-Being: Supporting Food Security and Education

Healthy communities thrive when basic needs are met and opportunities for growth are accessible.

In Chicago, Berliners partnered with the Greater Chicago Food Depository to repack 8,500 pounds of beans—creating over 7,000 meals for families in need. Berliners also joined Feeding America’s 9 Million Meals campaign to help provide 8.7 million meals across 21 communities.

Education accessibility was another key priority. In Italy, we supported Seleggo, a free service providing optimized school textbooks for students with dyslexia—making learning more accessible for children with special needs. In the UK, Berlin Packaging partnered with the Salvation Army’s Christmas Present Appeal, collecting gifts for children from struggling families while employees sorted and wrapped presents to deliver joy during the holiday season.

Emergency Relief: Supporting Communities in Times of Crisis

When disasters strike, we’re committed to supporting affected communities globally. As a

Ready 365 Bronze-level partner of the American Red Cross of Illinois, we contributed $10,000 to support efforts that strengthen local community resilience and enable year-round preparedness. We contributed an additional $10,000 to the National Emergency Response Fund, assisting their response to one disaster every 8 minutes across the U.S., including support for those impacted by the Los Angeles wildfires. Our Chicago employees assembled care kits for veterans experiencing homelessness at the Jesse Brown VA Medical Center and participated in blood drives.

Following devastating floods in Valencia, Berlin

Packaging Iberia donated to the Red Cross to assist families with food, shelter, hygiene kits, and recovery efforts. These partnerships reflect our dedication to standing by communities when they need us most.

GOVERNANCE

Good governance is the foundation of responsible business. Our commitment to best-in-class governance ensures we operate with integrity, transparency, and accountability. Our teams work together to uphold these standards, proactively manage risks, and drive sustainable value for our stakeholders.

ESG GOVERNANCE

Our governance framework is designed to provide clear oversight, foster collaboration, and ensure that sustainability is integrated at every level of our organization.

LEVEL/ COMMITTEE

COMPOSITION & ROLE

Board of Directors Provides strategic oversight of sustainability, reviews ESG performance, and approves annual ESG disclosures.

Senior Leadership Team Includes the Global CEO, regional CEOs, CFO, Chief Innovation Officer, Chief Human Resources Officer, Chief Legal Officer, and VP of Sustainability. Reviews ESG strategy, approves major initiatives, and monitors progress.

Global Sustainability Leadership Team

ESG Steering Committees

Led by the VP of Sustainability. Drives sustainability growth strategy, manages ESG and reporting initiatives, and provides quarterly and ad-hoc progress updates to the Senior Leadership Team.

Chaired by the VP of Sustainability. Includes leaders from Sustainability, HR, Legal, Procurement, Sales, Design & Engineering, Finance, Supply Chain, Operations, Marketing, and IT. Meets quarterly to review projects, track progress, and set priorities.

Regional ESG Leads Regional coordinators responsible for implementing ESG initiatives, measuring performance, and ensuring compliance with local regulations.

REPORTING/ ACCOUNTABILITY

Receives regular updates from the Senior Leadership Team.

Reports to the Board of Directors.

Reports to the Board of Directors and the Senior Leadership Team.

Reports to the ESG Steering Committees.

STAKEHOLDER ENGAGEMENT

Effective stakeholder engagement is fundamental to our ESG strategy, ensuring that diverse perspectives inform our approach and drive meaningful progress. Our process begins with strong governance: the Board of Directors provides active oversight by reviewing and approving our annual ESG report and sustainability performance.

Recognizing that achieving our sustainability goals requires collaboration, we maintain open and ongoing dialogue with a broad spectrum of stakeholders— including employees, suppliers, customers, and industry partners. Through regular communications, feedback channels, and joint initiatives, we gather valuable insights that help shape our programs and foster a culture of shared responsibility across the organization. We actively pursue strategic partnerships with industry organizations, NGOs, and community groups. This engagement not only strengthens our relationships but also ensures our initiatives are responsive to stakeholder expectations and evolving industry standards.

Transparency is central to our approach. We report annually in alignment with leading frameworks such as GRI and SASB, and share our progress on platforms like EcoVadis and Sedex. In addition, our participation in industry organizations—such as the Sustainable Packaging Coalition and the Association of Plastic Recyclers—enables us to contribute to broader sustainability advancements and stay at the forefront of best practices.

To ensure that ESG-related risks—including climate change, supply chain resilience, and data privacy— are effectively managed, we integrate them into our enterprise risk management framework. The Board regularly reviews these risks, while our ESG Steering Committee implements and monitors mitigation strategies at both global and regional levels. This integrated approach allows us to remain agile, accountable, and focused on long-term value creation for all stakeholders.

ETHICAL BUSINESS PRACTICES

Integrity is at the core of our governance philosophy. Our Global Code of Conduct (GCC) sets clear expectations for ethical behavior, anti-corruption, and compliance, and is reinforced through regular training and a 24/7 reporting hotline. We maintain a strict non-retaliation policy and encourage open dialogue at all levels of the organization. Supplier partners are required to adhere to our Supplier Code of Conduct, which aligns with international human rights and labor standards including the United Nations Guiding Principles of Business and Human Rights, the International Bill of Human Rights, and the principles concerning fundamental rights set out in the International Labor Organization’s Declaration on Fundamental Principles and Rights at Work.

DATA PRIVACY AND CYBERSECURITY

Protecting the data of our customers, employees, and partners is a top priority. We provide regular cybersecurity and privacy training, conduct third-party audits, and perform incident response exercises to maintain a resilient and compliant technology environment. The Audit Committee receives quarterly updates on our information security posture and oversees the implementation of best practices.

ABOUT THIS REPORT

Our 2024 Sustainability report highlights the progress we’ve made together with our teams, supplier partners, and customers to operate a business with an intended positive impact on the world. You’ll discover many updates, including expanded greenhouse gas goals and progress toward the sustainability goals outlined in our previous report. In addition, we delve into the ways we support our Berliners and the communities we operate in.

This report encompasses our data and progress across the Americas and Europe, Middle East, and Africa (“EMEA”) regions. Unless stated otherwise, all our public commitments, such as those related to greenhouse gas emissions and renewable energy procurements, apply to our Americas and EMEA regions. We plan to expand our commitments to include our Asia Pacific (“APAC”) regions, and we’ll share progress updates in future reports.

We aligned this ESG report with the Global Reporting Initiative (“GRI”) and the Sustainability Accounting Standards Board (“SASB”) and have included the results from last year’s materiality assessment, which follows our previous assessment from 2021. We also initiated our climate risk assessment in line with the Task Force on Climate-Related Financial Disclosures (“TCFD”) framework, which has informed our future strategy.

By utilizing these reporting standards, we strive for increased transparency through measurable progress and documented outcomes. Our 2024 Sustainability Report covers our work during the 2024 calendar year unless otherwise noted. For more information or to share comments, contact us at sustainability@berlinpackaging.com.

FORWARD-LOOKING STATEMENTS

This report includes estimates, projections, and other “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995, section 27A of the Securities Act of 1933, and section 21E of the Securities Exchange Act of 1934. These forward-looking statements generally

are expectations and assumptions with respect to the anticipated performance and goals of Berlin Packaging L.L.C. (“Berlin”) and its affiliates. Such forward-looking statements are subject to risks and uncertainties that may cause actual results to differ materially. A number of our ESG goals may depend on the adoption of certain behaviors and activities by third parties, including our customers and partners. If those parties do not adopt certain behaviors or activities, we may not be able to meet some goals. Certain claims regarding our products and projects, and the ability of those products, projects, and funding efforts to affect third parties’ sustainability efforts; however, there can be no guarantee that our products, projects, or funding efforts will have the effects we anticipate or intend. We undertake no obligation to update or revise publicly any forwardlooking statements, whether because of new information, future events, or otherwise.

ESG MATERIALITY

This year, we advanced our ESG materiality approach to ensure our strategy is sharply focused on the topics that drive the most significant value for our business and stakeholders. Building on the comprehensive global impact assessment and robust stakeholder engagement that shaped our previous cycles, we further refined our priorities to address the rapidly evolving ESG landscape and align with our long-term business objectives. This year, following careful validation with senior leadership, we determined that industrial relations and social dialogue, water management, biodiversity preservation, and engagement with local communities are not material for this reporting cycle. By concentrating on the most material issues, we are able to allocate resources where they have the greatest impact, strengthen our ESG performance, and reinforce Berlin Packaging’s role as a responsible industry leader in a dynamic market environment.

GLOBAL REPORTING INITIATIVE (GRI) CONTENT INDEX

Disclosures are on behalf of Berlin Packaging unless otherwise noted.

2-1 Organizational details

2-2 Entities included in the organization’s sustainability reporting

2-3 Reporting period, frequency and contact point

2-4 Restatements of information

Berlin Packaging LLC is a privately held company. Unless otherwise specified, references herein to “we” or “our” shall be references to Berlin Packaging.

Our Americas headquarters is located at 525 West Monroe Street, Chicago, IL 60661 in the United States. Our EMEA headquarters is located at Via Flavio Gioia, 3, 20090 Trezzano sul Naviglio (MI), Italy.

At year-end 2024, Berlin Packaging has foreign subsidiaries and representative offices globally.

Unless otherwise noted, reported environmental and social figures refer to our impact across our owned and managed portfolio. Data has been provided for our operations based in the Americas and EMEA regions.

This report covers the reporting period of our 2024 calendar year from January 1, 2024 to December 31, 2024. Our sustainability reports are published annually.

Introduction –About This Report

This report does not contain any restatements of information from previous reporting periods. —

2-5 External assurance External assurance was not sought for this reporting period. —

2-6 Activities, value chain and other business relationships —

Introduction –About This Report

2-16 Communication of critical concerns

We maintain an open-door policy for reporting any breaches of ethical business practices. Berlin Packaging employees have access to a 24/7 global workplace compliance helpline for people to anonymously and securely voice concerns. We are committed to our non-retaliation policy, and we do not tolerate any form of retaliation against employees who report their concerns in good faith or actively participate in investigations.

2-24

2-25

2-27 Compliance with laws and regulations

2-28 Membership associations

Zero instances of non-compliance or non-compliance fines that would qualify as significant occurred during the reporting period. We are subject to various legal proceedings and claims arising in the ordinary course of business. We do not expect that the result of any of these legal proceedings, either individually or in the aggregate, would have a material effect on our financial position, results of operations, or cash flows.

Membership associations include but are not limited to: Association of Plastic Recyclers, Sustainable Packaging Coalition, EcoVadis, Sedex, EPA Smartway, U.S. Better Buildings Challenge, and the Ellen MacArthur Foundation.

SPECIFIC DISCLOSURES

ECONOMIC

205-1 Operations assessed for risks related to corruption

205-2 Communication and training about anti-corruption policies and procedures

205-3 Confirmed incidents of corruption and actions taken

ENVIRONMENTAL

We had zero confirmed incidents of corruption in 2024 with either Berlin Packaging employees or business partners or that resulted in public legal cases being brought against the Company.

HIGHLIGHTS PLANET & ENVIRONMENT

403-3 Occupational health services

403-4 Worker participation, consultation, and communication on occupational health safety

403-5 Worker training on occupational health and safety

403-6 Promotion of worker health

403-7 Prevention and mitigation of occupational health and safety impacts directly linked by business relationships

403-8 Workers covered by an occupational health and safety management system

Management approach disclosure

404-1 Average hours of training per year per employee Compliance Training (Employees, Contractors & Board Members)

% employees completed

• Anti-Harrassment and Anti-Discrimination:

• NA: 100%

• EMEA: 100%

• Business Ethics, Anti-bribery and Anti-Competitive Practices:

• NA: 100%

• EMEA: 100%

• Information Security:

• NA: 100%

• EMEA: 100%

Career Development & Performance Review

% employees completed

• 2023

• NA: 94%

• EMEA: These actions will be estabilished in EMEA in 2024.

SUSTAINABLE ACCOUNTING STANDARDS BOARD (SASB) DISCLOSURE INDEX

Containers & Packaging Sustainability Accounting Standard

Disclosures are on behalf of Berlin Packaging unless otherwise noted.

SUSTAINABILITY DISCLOSURE TOPICS & METRICS

Topic Code

Greenhouse Gas Emissions

Energy Management

Product Safety

RT-CP-110a.1

RT-CP-110a.2

RT-CP-130a.1

Product Lifecycle Management

RT-CP-250a.1

RT-CP-250a.2

RT-CP-410a.1

RT-CP-410a.3

1This data only covers our Americas region.

Accounting Metric

Gross global Scope 1 emissions, percentage covered under emissions-limiting regulations

Discussion of long- and short-term strategy or plan to manage Scope 1 emissions, emissions reduction targets and an analysis of performance against those targets

1) Total energy consumed

2) Percentage grid electricity

3) Percentage renewable 4) Total self-generated energy

1) Number of recalls issued 2) Total units recalled

Discussion of process to identify and manage emerging materials and chemicals of concern

Percentage of raw materials from:1

1) Recycled content

2) Renewable resources

3) Renewable and recycled content

Discussion of strategies to reduce the environmental impact of packaging throughout its lifecycle

Disclosure (Covers 2023 unless otherwise indicated)

Climate

Circularity

ACTIVITY METRICS

Activity Metric Code Disclosure

Amount of production, by substrate

Percentage of production as:

(1) Paper/wood

(2) Glass

(3) Metal

(4) Plastic

RT-CP-000.A

RT-CP-000.B

Number of employees RT-CP-000.C

Berlin Packaging does not manufacture products.

Berlin Packaging Americas HQ

525 West Monroe Street, 14th Floor

Chicago, IL 60661

United States

Berlin Packaging EMEA HQ

Via Flavio Gioia, 3

20090 Trezzano sul Naviglio (MI)

Italy

Contacts

Sustainability@BerlinPackaging.com

As part of Berlin Packaging's commitment to Sustainability, this report is printed on 100% FSC paper.