BURLINGTON, Mass. and FRISCO,
Texas, June 22,
2023 /CNW/ -- Keurig Dr Pepper Inc. (NASDAQ: KDP)
today unveiled its 2022 Drink Well. Do Good. Corporate
Responsibility Report. The Drink Well. Do Good. report
covers a range of environmental, social and governance (ESG) topics
and showcases key 2022 progress toward fulfilling commitments
across four foundational pillars: Environment, Supply Chain, Health
and Well-Being and People & Communities.
Notable achievements from KDP's 2022 corporate responsibility
report include:
- Increasing Renewable Electricity Sourcing: KDP remains
committed to sourcing 100% of its electricity from renewable
sources by 2025. The Company reported reductions in overall
emissions, facilitated in part by purchasing 74% of electricity
from renewable sources (up from 62% in 2021).
- Reducing Virgin Plastic: With a goal to achieve a 20%
reduction in virgin plastic across its packaging portfolio by 2025,
KDP made a noteworthy jump by reducing usage by 11% in 2022 versus
6% the year prior. This was enabled in part by the Company's
efforts to significantly increase recycled content in plastic
beverage bottles, reaching 18% in 2022, up from 11% in 2021.
- Advancing Regenerative Agriculture and Conservation: In
2021, KDP committed to support regenerative agriculture and
conservation on 250,000 acres of land by 2030. Reporting progress
for the first year, KDP achieved 11,296 acres in 2022.
- Maintaining 100% Responsible
Sourcing1: KDP maintained 100% responsibly
sourced coffee and cocoa in 2022 and was named the largest buyer of
Fair Trade Certified coffee in the world for the 13th
consecutive year.
- Expanding Positive Hydration: KDP remains dedicated to
its goal of providing positive hydration in 60% of products by 2025
and, in 2022, achieved 57%. Beyond providing a balanced portfolio,
the Company is focused on improving access to better-for-you
beverages and activated a retail merchandising pilot in an
under-served neighborhood with encouraging results.
- Supporting Diversity and Inclusion: The Company made
important progress on its 2025 goals to increase female and people
of color representation in director and above positions by 25%.
Female representation in those levels increased to 31% in 2022 and
people of color representation increased to 18%.
"I'm proud of the progress we've made toward our ambitious
corporate responsibility agenda in 2022," said Monique Oxender, SVP & Chief Sustainability
Officer. "Keurig Dr Pepper recognizes that ESG issues are complex
and, often times, intersect. It's the collective work and
relentless efforts of our employees, partners and other
stakeholders that help us navigate the issues and ultimately drive
meaningful and positive impact with every drink."
This report was created with reference to the Global Reporting
Initiative (GRI) Index and is in alignment with the Sustainability
Accounting Standards Board (SASB) Standards and the Task Force on
Climate-related Financial Disclosures (TCFD).
The full 2022 Drink Well. Do Good. Report, Data Summary
and Reporting Frameworks, can be found on KDP's website, along with
additional disclosures available here, such as the Company's 2022
CDP Climate and Water Submissions.
About Keurig Dr Pepper
Keurig Dr Pepper (KDP) is a
leading beverage company in North
America, with annual revenue of more than $14 billion and approximately 28,000 employees.
KDP holds leadership positions in liquid refreshment beverages,
including 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®, Canada Dry®,
Clamato®, CORE®, Green Mountain Coffee
Roasters®, Mott's®, Snapple®, 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's Drink Well. Do Good. corporate responsibility
platform is focused on the greatest opportunities for impact in the
environment, its supply chain, the health and well-being of
consumers and with its people and communities. For more
information, visit www.keurigdrpepper.com.
Media Contacts:
Laren
Marra
Keurig Dr Pepper
T: 773-865-3522 / laren.marra@kdrp.com
Investor Contact:
Jane
Gelfand
Keurig Dr Pepper
T: 888-340-5287 / jane.gelfand@kdrp.com
Chethan Mallela
Keurig Dr Pepper
T: 888-340-5287 / chethan.mallela@kdrp.com
1 During 2022, a very small amount of coffee (0.36%)
was received as conventional due to supplier error and shipping
delays requiring immediate substitution with readily available
coffee.
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SOURCE Keurig Dr Pepper Inc.