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Keurig Dr Pepper Outlines Strong Progress Toward Ambitious Corporate Responsibility Commitments
2021 Drink Well. Do Good. Report highlights performance across ESG priorities BURLINGTON, Mass. and FRISCO, Texas, June 27, 2022 /PRNewswire/ -- Keurig Dr
About this update from Keurig Dr Pepper Inc.
[{"type":"text","content":"2021 Drink Well. Do Good. Report highlights performance across ESG priorities\nBURLINGTON, Mass. and FRISCO, Texas, June 27, 2022 /PRNewswire/ -- Keurig Dr Pepper Inc. (NASDAQ: KDP) today announced the release of its 2021 Drink Well. Do Good. Corporate Responsibility Report. The annual report showcases the Company's achievements across a range of environmental, social and governance (ESG) topics and highlights progress against its corporate responsibility goals.\nKDP's Drink Well. Do Good. platform is anchored by four key pillars: Environment, Supply Chain, Health and Well-Being and People and Communities. Notable 2021 achievements highlighted in the newly published report include:\nReducing virgin plastic: KDP remains on track to achieve its goals of using 30% post-consumer recycled (PCR) content across its packaging portfolio and converting 100% of packaging to be recyclable or compostable by 2025. In 2021, KDP eliminated its use of approximately 57 million pounds of virgin plastic by incorporating recycled plastic into KDP beverage bottles, supporting 11% use of PCR content across the Company's packaging portfolio, up from 2% the year prior. In addition, 92% of the Company's packaging is now recyclable or compostable. Building climate resilience: KDP is making progress toward building climate resiliency throughout its supply chain. In 2021, 61% of the Company's electricity was obtained from renewable sources. Building on its existing water stewardship commitments, earlier this year KDP announced its aspiration to achieve Net Positive Water Impact by 2050. Driving positive impact throughout the supply chain: KDP responsibly sourced 100% of its coffee and cocoa and, in 2021, achieved the goal it set in 2017 to responsibly source its brewers1. Additionally, the Company laid the groundwork to expand sustainable sourcing programs to additional agricultural ingredients and manufacturing supply chains, such as apples and corn. KDP also initiated projects to advance its new goal to support regenerative agriculture and conservation on 250,000 acres of land by 2030.Accelerating innovation for health and well-being: In 2021, KDP increased to 56% the percent of its portfolio that provides positive hydration, making significant progress towards its goal established last year to reach 60%. Product innovations that contributed to this impro...