2021 Drink Well. Do Good. Report highlights
performance across ESG priorities
BURLINGTON, Mass. and FRISCO, Texas, June 27,
2022 /PRNewswire/ -- Keurig Dr Pepper Inc. (NASDAQ:
KDP) today announced the release of its 2021 Drink Well. Do
Good. Corporate Responsibility Report. The annual report
showcases the Company's achievements across a range of
environmental, social and governance (ESG) topics and highlights
progress against its corporate responsibility goals.
KDP's Drink Well. Do Good. platform is anchored by four
key pillars: Environment, Supply Chain, Health and Well-Being and
People and Communities. Notable 2021 achievements highlighted in
the newly published report include:
- Reducing virgin plastic: KDP remains on track to
achieve its goals of using 30% post-consumer recycled (PCR) content
across its packaging portfolio and converting 100% of packaging to
be recyclable or compostable by 2025. In 2021, KDP eliminated its
use of approximately 57 million pounds of virgin plastic by
incorporating recycled plastic into KDP beverage bottles,
supporting 11% use of PCR content across the Company's packaging
portfolio, up from 2% the year prior. In addition, 92% of the
Company's packaging is now recyclable or compostable.
- Building climate resilience: KDP is making progress
toward building climate resiliency throughout its supply chain. In
2021, 61% of the Company's electricity was obtained
from renewable sources. Building on its existing water
stewardship commitments, earlier this year KDP announced its
aspiration to achieve Net Positive Water Impact by 2050.
- Driving positive impact throughout the supply chain: KDP
responsibly sourced 100% of its coffee and cocoa and, in 2021,
achieved the goal it set in 2017 to responsibly source its
brewers1. Additionally, the Company laid the groundwork
to expand sustainable sourcing programs to additional agricultural
ingredients and manufacturing supply chains, such as apples and
corn. KDP also initiated projects to advance its new goal to
support regenerative agriculture and conservation on 250,000 acres
of land by 2030.
- Accelerating innovation for health and
well-being: In 2021, KDP increased to 56% the percent of
its portfolio that provides positive hydration, making significant
progress towards its goal established last year to reach 60%.
Product innovations that contributed to this improvement included
new brand extensions like Dr Pepper Zero Sugar and Green Mountain
Coffee Roasters Brew Over Ice flavors. The Company continues to
reformulate beverages to reduce sugar and calories, offer smaller
portion sizes and expand distribution and access to better-for-you
beverage options.
- Supporting an engaged and inclusive culture: KDP
continues to prioritize employee engagement and advancing a culture
of inclusion. Almost 90% of employees participated in the Company's
employee engagement survey, with KDP's overall engagement score
increasing to 70% in 2021, up from 62% the prior year. After
announcing new goals last year to increase female and people of
color representation in director and above positions by 25% by
2025, the Company increased female representation in those levels
to 28% in 2021, while people of color representation held steady at
17%. KDP's eight Employee Resource Groups continue to educate and
inspire KDP employees to drive a culture of inclusion.
Monique Oxender, Chief
Sustainability Officer, said: "The bar for ESG performance
continues to rise, and we're embracing the challenges most relevant
to our business, rather than letting them impede progress. We
remain an agile company that focuses on where we can uniquely
deliver the greatest impact, with long-term goals rooted in
near-term action. I am proud of the substantial work of the entire
KDP team to deliver results against our commitments and the
collective progress we've made this year."
This report was developed in accordance with the Global
Reporting Initiative (GRI) guidelines and uses the framework of the
UN Sustainable Development Goals. In addition, this report provides
the Company's latest disclosures against the Sustainability
Accounting Standards Board (SASB) Index and the Task Force on
Climate-related Financial Disclosures (TCFD).
The full 2021 Drink Well. Do Good. Report, Data Summary
and Reporting Framework Indices, can be found on KDP's website,
along with additional disclosures available here, such as the
Company's 2021 CDP Climate and Water Submissions.
About Keurig Dr Pepper
Keurig Dr Pepper
(KDP) is a leading beverage company in North America, with annual revenue approaching
$13 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
Investor Contact:
Steve
Alexander
Keurig Dr
Pepper
T: 972-673-6769/
steve.alexander@kdrp.com
1 Facilities
in our responsibly sourced brewer scope make up about 40% of our
total current suppliers
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SOURCE Keurig Dr Pepper Inc.