BURLINGTON, Mass. and PLANO, Texas,
Aug. 25, 2020 /PRNewswire/ -- Keurig
Dr Pepper (NYSE: KDP) today published its 2019 Corporate
Responsibility Report, highlighting a year in which the Company
made solid advancements on ambitious goals to reduce packaging
waste, improve energy and water efficiency and secure responsibly
sourced coffee and brewers. Signaling its continued commitment to a
reduced carbon footprint, the Company added new emissions reduction
targets to its Drink Well. Do Good. corporate responsibility
platform.
"The momentum against our Drink Well. Do Good. efforts in 2019,
our first calendar year operating as one Keurig Dr Pepper team,
reflects the central role corporate responsibility has at our
Company," said Monique Oxender,
Chief Sustainability Officer, Keurig Dr Pepper. "We made progress
against all our areas of focus, including reducing packaging waste
and increasing circularity of our products, with 87% of packaging
now recyclable and 20% made with post-consumer recycled (PCR)
content. Importantly, as committed to in our last report, our new
emissions targets approved by the Science Based Target initiative
provide a clear path to reduce our greenhouse gas emissions."
Highlights from KDP's 2019 corporate
responsibility report include:
- Increased circularity for
packaging: The Company is on track to achieve its goals of
100% recyclable or compostable packaging and 30% PCR content by
2025. Currently, 95% of the Company's K-Cup® pods are now
recyclable, and all will be transitioned by the end of 2020. In
support of solutions that drive a circular economy, KDP launched
the $100 million Every Bottle Back
initiative with the American Beverage Association and industry
peers to improve recycling infrastructure and support consumer
education. Similarly, the Company is a founding sponsor and the
largest funder of The Recycling Partnership's Polypropylene
Recycling Coalition, a parallel effort to further increase and
improve the recyclability of polypropylene, the primary material of
recyclable K-Cup® pods and Mott's applesauce cups.
- Accelerated climate action: KDP's new climate
goals set in motion plans to reduce the Company's greenhouse gas
emissions while building climate resiliency throughout the value
chain. The goals are approved by the Science Based Target
initiative and align with the reductions required to meet the Paris
Agreement goal of keeping global warming well below 2 degrees
Celsius.
- Supplier engagement on sustainable production:
The majority of the Company's coffee is responsibly sourced and KDP
remains on track to meet its goal of engaging one million people in
its supply chain to significantly improve their lives by the end of
2020 – already reaching 783,000 people since 2014. A large portion
of this work is dedicated to helping farmers and suppliers address
the challenges created by climate change through efforts to
increase crop and business resiliency.
- Community impact goal exceeded: In 2019, the
Company exceeded its goal of providing 13.5 million children and
their families with play opportunities through its Let's Play
initiative, supporting 14.2 million kids since 2011.
Keurig Dr Pepper developed its 2019 Corporate Responsibility
Report in accordance with the Global Reporting Initiative (GRI)
guidelines, the most widely recognized sustainability reporting
standard. The report was also developed as an annual communication
on progress toward the United Nations Global Compact (UNGC)
principles, in line with the U.N. Sustainable Development
Goals.
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.
Media
Contacts:
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Investor Contacts:
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Katie Gilroy
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Tyson Seely
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Keurig Dr Pepper
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Keurig Dr Pepper
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T: 781-418-3345 /
katie.gilroy@kdrp.com
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T: 781-418-3352 / tyson.seely@kdrp.com
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|
|
|
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Kelly
Smith
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Steve
Alexander
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Keurig Dr Pepper
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Keurig Dr Pepper
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T:
978-501-3770 / kelly.smith@kdrp.com
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T: 972-673-6769 /
steve.alexander@kdrp.com
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SOURCE Keurig Dr Pepper