Keurig Dr Pepper Inc. (KDP), Burlington, Mass., and Frisco, Texas, 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 & Well-Being, and People & Communities.
The following are notable achievements from KDP’s 2022 corporate responsibility report:
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 vs. 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 Sourcing: 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, senior vice president and chief sustainability officer at KDP, in a statement. “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).
