In support of its new ambition, KDP joins the
Water Resilience Coalition, bolstering the company's existing water
stewardship commitments and resiliency across its value
chain
BURLINGTON, Mass. and FRISCO, Texas, March 22,
2022 /PRNewswire/ -- In celebration of World Water
Day, Keurig Dr Pepper (NASDAQ: KDP) today announced the Company's
aspiration to achieve net positive water impact by 2050 and has
joined the Water Resilience Coalition (WRC). The WRC is an
industry-driven coalition of the UN Global Compact CEO Water
Mandate that aims to elevate global water stress and its connection
to climate change to the top of the corporate agenda and preserve
the world's freshwater resources through collective action and
ambitious, quantifiable commitments.
![(PRNewsfoto/Keurig Dr Pepper) (PRNewsfoto/Keurig Dr Pepper)](https://mma.prnewswire.com/media/724482/Keurig_Dr_Pepper_logo.jpg)
According to the UN Global Compact CEO Water Mandate, a 56%
shortfall in freshwater supply is expected over the next decade,
threatening not only ecosystems, but also communities, businesses
and the global economy. As a leader in the beverage industry where
water is essential to its products and operations, KDP is proud to
join like-minded and action-oriented companies from across the
globe to address the world water crisis.
"As a beverage company dependent on water at all levels of our
value chain, we have a unique opportunity to develop and support
leading solutions to local and global water challenges. We are
excited to join the WRC and, through collective action, scale the
work we have underway to build healthy communities resilient to
climate change," said Bob Gamgort,
Chairman & CEO of Keurig Dr Pepper.
KDP's established water stewardship approach accounts for water
use across its value chain by focusing on replenishment to address
the quality of and access to water in its highest water risk areas.
KDP's latest aspiration for net positive water impact by 2050
builds on existing commitments, which include:
- Replenish 100% of water used for its beverages in the Company's
highest water-risk operating communities by 2030, an extended
timeline to reflect the addition of new communities in 2022;
- Improve water use efficiency in its operations by 20% by 2025;
and
- Support regenerative agriculture and conservation on 250,000
acres of land by 2030, representing 50% of the land used to grow
KDP's top climate-sensitive crops.
To ensure long-term impact, KDP collaborates with partners to
address shared water challenges locally, improving water quality
and quantity where it has been compromised. Beyond the WRC, KDP
member coalitions include the Beverage Industry Environmental
Roundtable (BIER), California Water Action Collaborative (CWAC),
and the Texas Water Action Collaborative (TWAC).
To learn more about Keurig Dr Pepper's water efforts and other
Drink Well. Do Good. corporate responsibility commitments
visit here. The Company will be publishing its 2021 Corporate
Responsibility Report on its website in summer 2022.
About Keurig Dr Pepper
Keurig Dr Pepper (KDP) is a leading beverage company in
North America, with annual revenue
in excess of $12 billion and
approximately 27,000 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.
Media Contacts:
Katie Gilroy
Keurig Dr Pepper
T: 781-418-3345 / katie.gilroy@kdrp.com
Laren Marra
Keurig Dr Pepper
T: 773-865-3522 / laren.marra@kdrp.com
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SOURCE Keurig Dr Pepper Inc.