BURLINGTON, Mass. and
PLANO, Texas, March 22, 2021 /PRNewswire/ -- In
celebration of World Water Day, Keurig Dr Pepper (NASDAQ: KDP)
today strengthened its commitment to water stewardship across its
value chain by joining the new Texas Water Action Collaborative
(TxWAC), a coalition of industry, nonprofit and governmental
organizations to benefit the quality and volume of water on the
Trinity River in Texas, and
announcing a new regenerative agriculture goal.
As part of its Drink Well. Do Good. corporate
responsibility commitments, the Company announced a new goal to
support regenerative agriculture and conservation on 250,000 acres
of land by 2030. Keurig Dr Pepper will partner with key suppliers
and farmers to achieve the goal, which represents 50 percent of the
land used to grow the Company's top climate-sensitive crops,
including coffee, corn and apples. This new goal will
accelerate the Company's efforts to protect water resources within
its supply chain, as regenerative agriculture practices contribute
to improved water quality and quantity, while also supporting
biodiversity and strengthening farmer economic resilience.
"Access to clean water is critical to the facilities that make
our beverages, the communities in which we operate and the farmers
that grow ingredients for our drinks. The new commitments we
announced today advance our efforts to be good stewards of water
across our value chain," said Monique
Oxender, Chief Sustainability Officer, Keurig Dr
Pepper. "Our new regenerative agriculture goal is a positive
step forward on our journey to ensure a long-term, sustainable
supply of high-quality crops like apples and corn, by improving
soil health for the famers who supply us. This unique, new
collaboration in the state of Texas ensures we are mitigating against
climate change and protecting water resources in our local
communities."
In addition to the new regenerative agriculture goal, Keurig Dr
Pepper has existing, ambitious goals to improve water use
efficiency in its operations by 20 percent by 2025, and to partner
with its highest water-risk operating communities to replenish 100
percent of water used for its beverages in those communities by
2025. Through 2019, the company has replenished 73 percent of
the water used for coffee and cold beverages in its highest
water-risk manufacturing locations and has improved its water use
efficiency by 4.4% from its baseline. The Company has
established multiple partnerships to support its water stewardship
and conservation efforts, including:
- Collaborating with the TxWAC. With several office,
production and distribution facilities throughout Texas, including its co-headquarters in
Frisco, Keurig Dr Pepper is
committed to protecting the Trinity River basin, in partnership
with key conservation organizations.
- Investing in a long-term partnership with The Nature
Conservancy (TNC), including supporting a series of
ongoing innovative water stewardship projects in Texas, Mexico
and California, where Keurig Dr
Pepper has facilities. In 2020, projects included a novel
model for environmental flows in the Trinity River watershed in
Texas and a lease agreement for
444 million liters of water to help restore environmental flows
during critical drought periods.
- Partnering for collective action with the Beverage Industry
Environmental Roundtable (BIER), the Bonneville
Environmental Foundation (BEF) and the California Water
Action Collaborative (CWAC). With other BIER members, KDP
helped launch "Charco Bendito", a
first-of-its-kind, multi-year water stewardship initiative in
Tlajomulco de Zuñiga, Mexico. With financial support
coordinated through BEF, KDP joined 10 other businesses and
philanthropic entities to increase water supply reliability for
Arizona, Nevada, and California through a system conservation
project. The Company also recently joined CWAC, a
collaborative network of organizations that develop impactful
conservation and restoration projects to improve water security in
California.
To learn more about Keurig Dr Pepper's Drink Well. Do
Good. commitments and progress through year-end 2019, including
in its supply chain, climate and water efforts, visit here.
The Company will be publishing its 2020 Corporate Responsibility
Report, highlighting its latest progress and new goals in new
areas, on its website in June
2021.
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 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.
Media Contacts:
Katie
Gilroy
Keurig Dr Pepper
T: 781-418-3345 / katie.gilroy@kdrp.com
Investor Contacts:
Tyson
Seely
Keurig Dr Pepper
T: 781-418-3352 / tyson.seely@kdrp.com
Steve Alexander
Keurig Dr Pepper
T: 972-673-6769 / steve.alexander@kdrp.com
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SOURCE Keurig Dr Pepper