BURLINGTON, Mass. and
PLANO, Texas, July 8, 2020 /PRNewswire/ -- Keurig Dr
Pepper (NYSE: KDP) today announced its founding sponsorship of The
Recycling Partnership's Polypropylene Recycling Coalition (the
"Coalition"). The Company has committed $10
million over the next five years, alongside investments from
industry peers, to increase and improve the recovery and recycling
of polypropylene plastic in the U.S. The Coalition will work
to solidify polypropylene's status as a standard curbside recycling
material through projects that enhance collection, sortation and
processing in recycling facilities which, in turn, will increase
the value and supply of recycled polypropylene (rPP) and reduce the
need for virgin plastic used in packaging.
This sponsorship supports KDP's broader efforts to reduce
its plastic footprint through circular solutions and
collaborations. The Company is on track to meet its commitments of
making 100% of its packaging recyclable or compostable and
incorporating 30% post-consumer recycled content (PCR) in its
packaging by 2025. In 2020, KDP has continued to make progress
against these goals, including:
- Expanding the availability of recyclable K-Cup® pods in the
U.S., remaining on track to transition all pods to recyclable
polypropylene by the end of this year;
- Increasing use of PCR plastic in Keurig® brewers;
- Incorporating post-consumer rPET (recycled polyethylene
terephthalate) in beverage bottles, with plans to begin
transitioning the Company's water portfolio and Snapple® beverages
to 100% rPET bottles in the first half of 2021; and
- Enhancing transparency of its plastic footprint, as part of the
World Wildlife Fund's Re:Source Plastic activation hub.
"Along with advancing our own sustainable packaging commitments,
Keurig Dr Pepper is also focused on driving meaningful change in
the nearly 20,000 complex recycling systems currently found across
the United States through targeted
investments and collaborations like the Polypropylene Recycling
Coalition," said Monique Oxender,
Chief Sustainability Officer, Keurig Dr Pepper. "Investing in
partnerships that amplify our individual actions will enable us to
truly drive progress in eliminating packaging waste by improving
recycling infrastructure and enhancing consumer education efforts,
both of which will increase the recovery of valuable plastics."
With this investment, Keurig Dr Pepper has committed to
providing over $30 million in
collaborative projects and partnerships across North America to encourage the circular
economy. Other projects in which KDP has invested include the
American Beverage Association's Every Bottle Back
initiative, the Closed Loop Fund and several initiatives led by The
Recycling Partnership, Keep America Beautiful and the World
Wildlife Fund.
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.
Contacts:
Media:
Katie Gilroy
781-418-3345
katie.gilroy@kdrp.com
Investors:
Tyson Seely
781-418-3352
tyson.seely@kdrp.com
Steve Alexander
972-673-6769
Steve.alexander@kdrp.com
View original content to download
multimedia:http://www.prnewswire.com/news-releases/keurig-dr-pepper-advances-sustainable-packaging-commitments-with-new-10-million-investment-to-improve-polypropylene-recycling-in-the-us-301090087.html
SOURCE Keurig Dr Pepper