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Keurig Dr Pepper 2021 Corporate Responsibility Report HomePage News

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Table of Contents

1. What is Keurig Dr Pepper's Corporate Responsibility Report?
2. Why is Keurig Dr Pepper's Corporate Responsibility Report important?
3. What are the key highlights of Keurig Dr Pepper's Corporate Responsibility Report?
4. How does Keurig Dr Pepper ensure sustainable sourcing of ingredients?
5. What initiatives has Keurig Dr Pepper taken to reduce its environmental impact?

What is Keurig Dr Pepper's Corporate Responsibility Report?

Keurig Dr Pepper, one of the leading beverage companies in North America, has recently released its annual Corporate Responsibility Report. This report provides a comprehensive overview of the company's commitments, achievements, and ongoing efforts in the areas of environmental sustainability, social responsibility, and corporate governance.

The Corporate Responsibility Report serves as a transparent communication tool for Keurig Dr Pepper to share its progress, set goals, and address any challenges it faces in its journey towards becoming a more responsible and sustainable business.

The report covers a wide range of topics, including climate change, water stewardship, waste reduction, responsible sourcing, diversity and inclusion, employee well-being, community engagement, and more. It provides detailed insights into the company's performance metrics, initiatives, and partnerships to address these critical areas.

Why is Keurig Dr Pepper's Corporate Responsibility Report important?

Keurig Dr Pepper's Corporate Responsibility Report holds significant importance for various stakeholders, including investors, customers, employees, and communities. Here are a few reasons why this report is important:

Transparency and Accountability

By publishing a detailed Corporate Responsibility Report, Keurig Dr Pepper demonstrates its commitment to transparency and accountability. The report provides stakeholders with an opportunity to assess the company's performance, track progress, and hold it accountable for its social and environmental impacts.

Engagement and Trust

The report fosters engagement and builds trust with stakeholders by showcasing Keurig Dr Pepper's efforts in addressing societal and environmental challenges. It allows stakeholders to understand the company's values, initiatives, and long-term strategies, which can enhance their trust and confidence in the brand.

Benchmarking and Best Practices

Keurig Dr Pepper's Corporate Responsibility Report serves as a benchmark for other companies in the beverage industry and beyond. It provides insights into best practices, innovative approaches, and lessons learned, inspiring other businesses to adopt similar strategies and contribute to a more sustainable future.

Investment Decisions

For investors, the Corporate Responsibility Report is a valuable tool for evaluating Keurig Dr Pepper's environmental, social, and governance (ESG) performance. It enables them to make informed investment decisions and assess the company's long-term sustainability, resilience, and potential risks and opportunities.

Continuous Improvement

Keurig Dr Pepper's Corporate Responsibility Report helps the company identify areas for improvement and set new goals. It serves as a roadmap for continuous progress and enables the company to learn from its past experiences, adapt to emerging trends, and drive positive change in its operations and supply chain.

What are the key highlights of Keurig Dr Pepper's Corporate Responsibility Report?

Keurig Dr Pepper's Corporate Responsibility Report is filled with various key highlights that showcase the company's commitment to sustainability and social responsibility. Here are some of the notable highlights:

Climate Change

Keurig Dr Pepper has set ambitious targets to reduce greenhouse gas emissions across its value chain. The company aims to achieve a 20% reduction in absolute carbon emissions by 2025. It has also joined the Science Based Targets initiative, aligning its goals with the Paris Agreement's aim to limit global temperature rise to well below 2 degrees Celsius.

Water Stewardship

The company has made significant progress in water stewardship, reducing its water usage by 6% since 2017. Keurig Dr Pepper is committed to responsible water sourcing and is actively engaged in local watershed protection initiatives. It has also implemented innovative water-saving technologies in its manufacturing processes.

Waste Reduction

Keurig Dr Pepper is working towards a circular economy by minimizing waste generation and promoting recycling. The company has achieved a recycling rate of 86% for its packaging materials and is committed to increasing the use of recycled content in its products. It has also set a target to achieve zero waste to landfill in its manufacturing facilities by 2025.

Responsible Sourcing

Keurig Dr Pepper is committed to responsible sourcing of ingredients, including coffee, tea, and other agricultural commodities. The company collaborates with farmers and suppliers to ensure sustainable farming practices, protect biodiversity, and improve livelihoods in farming communities. It also supports certification programs like Rainforest Alliance and Fair Trade.

Diversity and Inclusion

Keurig Dr Pepper values diversity and inclusion in its workforce and has implemented various initiatives to foster an inclusive culture. The company has achieved gender parity in its board of directors and is actively working towards increasing diversity at all levels of the organization. It also supports employee resource groups and community outreach programs.

Community Engagement

Keurig Dr Pepper is deeply committed to making a positive impact on the communities it serves. The company actively engages in philanthropic initiatives, disaster relief efforts, and volunteering programs. It has also launched the Drink Well. Do Good. platform, which focuses on promoting healthy hydration, recycling, and community development.

How does Keurig Dr Pepper ensure sustainable sourcing of ingredients?

Keurig Dr Pepper recognizes the importance of sustainable sourcing of ingredients and has implemented various initiatives and partnerships to ensure responsible and ethical practices throughout its supply chain. Here are some of the key strategies employed by the company:

Supplier Code of Conduct

Keurig Dr Pepper has established a Supplier Code of Conduct that outlines the company's expectations regarding responsible sourcing. The code covers areas such as human rights, labor practices, environmental stewardship, and business ethics. Suppliers are required to comply with these standards and undergo regular audits to ensure compliance.

Collaboration with Farmers and Suppliers

The company actively collaborates with farmers and suppliers to promote sustainable agricultural practices. Keurig Dr Pepper provides training and support to farmers, helping them adopt environmentally friendly farming techniques, such as soil conservation, water management, and biodiversity preservation. The company also supports initiatives to improve farmer livelihoods and strengthen local communities.

Certification Programs

Keurig Dr Pepper partners with certification programs like Rainforest Alliance and Fair Trade to ensure the sourcing of sustainably produced ingredients. These programs provide independent verification and certification of social, environmental, and economic standards. By sourcing certified ingredients, Keurig Dr Pepper helps protect biodiversity, minimize environmental impact, and support fair and equitable trade practices.

Traceability and Transparency

The company places a strong emphasis on traceability and transparency in its supply chain. Keurig Dr Pepper works closely with suppliers to trace the origin of ingredients and raw materials, ensuring visibility and accountability. This enables the company to identify potential risks, address any issues related to sustainability or ethical concerns, and make informed sourcing decisions.

Continuous Improvement

Keurig Dr Pepper is committed to continuous improvement in its sustainable sourcing practices. The company regularly assesses its supply chain and engages in dialogue with stakeholders to identify areas for improvement. It sets goals and targets to drive progress, monitors performance metrics, and shares best practices with suppliers to promote sustainability throughout the value chain.

What initiatives has Keurig Dr Pepper taken to reduce its environmental impact?

Keurig Dr Pepper has taken several initiatives to reduce its environmental impact and promote sustainability across its operations. Here are some of the key initiatives:

Renewable Energy

The company has made significant investments in renewable energy sources to reduce its carbon footprint. Keurig Dr Pepper has installed solar panels at its manufacturing facilities, generating clean energy and reducing reliance on fossil fuels. It also procures renewable energy certificates to offset a portion of its electricity consumption.

Energy Efficiency

Keurig Dr Pepper is committed to improving energy efficiency in its operations. The company has implemented energy-saving measures, such as upgrading equipment, optimizing manufacturing processes, and implementing energy management systems. These initiatives have resulted in significant reductions in energy consumption and greenhouse gas emissions.

Waste Management

The company is actively working towards minimizing waste generation and promoting recycling. Keurig Dr Pepper has implemented comprehensive waste management programs in its manufacturing facilities, focusing on waste reduction, reuse, and recycling. It collaborates with recycling partners to ensure proper disposal and recycling of packaging materials.

Water Conservation

Keurig Dr Pepper recognizes the importance of water conservation and has implemented various measures to reduce water usage. The