BURLINGTON,
Mass. and PLANO, Texas,
Jan. 27, 2021 /PRNewswire/
-- Keurig Dr Pepper (NASDAQ: KDP) announced today that it
has become a signatory in two regional initiatives of the Ellen
MacArthur Foundation's global Plastics Pact network – the U.S.
Plastic Pact and the Canada Plastics Pact. Both Pacts bring
together key players from across the local plastic value chain
behind a common vision and clear, actionable targets to create a
path forward toward a circular economy for plastics. In addition,
the Company also recently joined Ocean Conservancy's Trash
Free Seas Alliance®, which brings together thought leaders from the
private sector, conservation and academia actively working toward
solutions that will mitigate plastic waste entering the ocean.
"At Keurig Dr Pepper, we are committed to driving real impact
and circular solutions," said Monique
Oxender, Chief Sustainability Officer at Keurig Dr Pepper.
"We recognize that achieving a truly circular economy for plastics
requires significant systematic change, and we are eager to join
these groups of diverse leaders from across sectors to ensure that
plastics never become waste or pollution."
As an Activator of the U.S. Plastics Pact and Canada Plastics
Pact, Keurig Dr Pepper has agreed to collectively make efforts
toward these four ambitious country-level goals espoused by the
Pacts:
- Define a list of packaging to be designated as problematic or
unnecessary by 2021 and take measures to eliminate them by
2025.
- By 2025, all plastic packaging is 100% reusable, recyclable, or
compostable.
- By 2025, undertake ambitious actions to effectively recycle or
compost 50% of plastic packaging.
- By 2025, the average recycled content or responsibly sourced
bio-based content in plastic packaging will be 30%.
The U.S. Plastics Pact is a collaboration led by The Recycling
Partnership, World Wildlife Fund (WWF), and Ellen MacArthur
Foundation supporting upstream innovation and a coordinated
national strategy to rethink the way plastic is designed, used and
reused. Announced today, the Canada Plastics Pact is
committed to tackling plastic waste and pollution by bringing
together businesses, government, non-governmental organizations and
other key actors under the vision of creating a circular economy in
Canada in which plastic waste is
kept out of the environment.
Founded in 2012 by leading U.S.-based environmental non-profit
Ocean Conservancy, the Trash Free Seas Alliance is the oldest
collaborative forum focused on innovative and pragmatic solutions
to the ocean plastic pollution crisis. Trash Free Seas Alliance
members are working toward demonstrably reducing the amount of
plastic waste entering the ocean annually by 50% by 2025.
These memberships build upon Keurig Dr Pepper's current
sustainable packaging commitments and will aid in ensuring new
levels of accountability and transparency when reporting annual
progress against its goals. Under its Drink Well. Do Good.
corporate responsibility program, the Company recently achieved one
of its longstanding commitments to make all K-Cup® pods in the U.S.
recyclable at the end of 2020, following achieving that important
milestone in Canada at the end of
2018. The Company has committed to converting 100% of packaging to
be recyclable or compostable by 2025, as well as to use 30%
post-consumer recycled (PCR) content across its packaging portfolio
by 2025.
About Keurig Dr Pepper
Keurig Dr Pepper (KDP) is a leading beverage company in
North America, with annual revenue
in excess of $11 billion and nearly
26,000 employees. KDP holds leadership positions in soft drinks,
specialty coffee and tea, water, juice and juice drinks and mixers,
and markets the #1 single serve coffee brewing system in the U.S.
and Canada. The Company's
portfolio of more than 125 owned, licensed and partner brands is
designed to satisfy virtually any consumer need, any time, and
includes Keurig®, Dr Pepper®, Green Mountain Coffee Roasters®,
Canada Dry®, Snapple®, Bai®, Mott's®, CORE® and The Original Donut
Shop®. Through its powerful sales and distribution network, KDP can
deliver its portfolio of hot and cold beverages to nearly every
point of purchase for consumers. The Company is committed to
sourcing, producing and distributing its beverages responsibly
through its Drink Well. Do Good. corporate responsibility
platform, including efforts around circular packaging, efficient
natural resource use and supply chain sustainability. For
more information, visit, www.keurigdrpepper.com.
KDP Contacts
Tyson Seely (Investors)
T: 781-418-3352 | tyson.seely@kdrp.com
Steve Alexander (Investors)
T: 972-673-6769 | steve.alexander@kdrp.com
Katie Gilroy (Media)
T: 781-418-3345 | katie.gilroy@kdrp.com
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SOURCE Keurig Dr Pepper