Business
Keurig Dr Pepper Joins Leading Collaboratives Focused on Building a Circular Economy for Plastics
Company signs with the Ellen MacArthur Foundation's U.S. Plastics Pact and Canada Plastics Pact and becomes a member of Ocean Conservancy's Trash Free Seas
About this update from Keurig Dr Pepper Inc.
[{"type":"text","content":"Company signs with the Ellen MacArthur Foundation's U.S. Plastics Pact and Canada Plastics Pact and becomes a member of Ocean Conservancy's Trash Free Seas Alliance\n\n\nBURLINGTON, Mass. and PLANO, Texas, Jan. 27, 2021 /PRNewswire/ -- Keurig Dr Pepper (NASDAQ: KDP) announced today that it has become a signatory in two regional initiatives of the Ellen MacArthur Foundation's global Plastics Pact network – the U.S. Plastic Pact and the Canada Plastics Pact. Both Pacts bring together key players from across the local plastic value chain behind a common vision and clear, actionable targets to create a path forward toward a circular economy for plastics. In addition, the Company also recently joined Ocean Conservancy's Trash Free Seas Alliance®, which brings together thought leaders from the private sector, conservation and academia actively working toward solutions that will mitigate plastic waste entering the ocean.\n\"At Keurig Dr Pepper, we are committed to driving real impact and circular solutions,\" said Monique Oxender, Chief Sustainability Officer at Keurig Dr Pepper. \"We recognize that achieving a truly circular economy for plastics requires significant systematic change, and we are eager to join these groups of diverse leaders from across sectors to ensure that plastics never become waste or pollution.\" \nAs an Activator of the U.S. Plastics Pact and Canada Plastics Pact, Keurig Dr Pepper has agreed to collectively make efforts toward these four ambitious country-level goals espoused by the Pacts:\nDefine a list of packaging to be designated as problematic or unnecessary by 2021 and take measures to eliminate them by 2025. By 2025, all plastic packaging is 100% reusable, recyclable, or compostable. By 2025, undertake ambitious actions to effectively recycle or compost 50% of plastic packaging. By 2025, the average recycled content or responsibly sourced bio-based content in plastic packaging will be 30%. The U.S. Plastics Pact is a collaboration led by The Recycling Partnership, World Wildlife Fund (WWF), and Ellen MacArthur Foundation supporting upstream innovation and a coordinated national strategy to rethink the way plastic is designed, used and reused. Announced today, the Canada Plastics Pact is committed to tackling plastic waste and pollution by bringing together businesses, government, non-governmental organiza...