Refreshment focuses on the water dispenser/cooler, office coffee service and vending sectors, while also taking an in-depth look into products for vending from bottled water and drinks, to snacks and confectionery. It also focuses on hydration, health and wellness, new technologies and environmental and social responsibility issues.
.png)
Hospitality
Research
Coffee & tea
Keurig Dr Pepper (KDP) has released its 2023 Corporate Responsibility Report, highlighting significant strides the beverage giant has made toward its ambitious environmental, social and governance (ESG) goals.
The report details KDP's progress across four key focus areas: Environment, Supply Chain, Health & Wellbeing, and People & Communities. The company's efforts have been guided by its newly elevated "Drink Well. Do Good" purpose, which is now the core of its strategic framework.
Monique Oxender, chief corporate affairs officer, said: "Keurig Dr Pepper's corporate responsibility commitments and progress are deeply intertwined with policy progression and partnerships".
She continued: "It is at this intersection where necessary technologies and behaviours can flourish, paving the way for enduring, impactful solutions".
Some of the key highlights from KDP's 2023 report include:
Emissions reduction
The company reported a 21% decline in Scope 1 and 2 greenhouse gas emissions, and a 12% reduction in select Scope 3 categories, compared to 2018. Initiatives driving this progress include increased renewable electricity procurement and the deployment of 18 electric vehicles in Canada.
Circular economy advancements
KDP achieved a 15% reduction in virgin plastic use across its packaging portfolio compared to 2019, incorporating 27% post-consumer recycled content. This was aided by the conversion of Bai and Core Hydration+ products to 100% recycled plastic bottles.
Sustainable supply chains
The company made headway on its goal to support regenerative agriculture and conservation practices on 250,000 acres by 2030, reaching over 43,000 acres in 2023. KDP also reported 100% responsible sourcing of its coffee and cocoa.
Positive hydration products
KDP's investments in innovation, renovation and partnerships resulted in 59% of its product portfolio providing 'positive hydration' in 2023, up from 57% the prior year. The company continued to expand the distribution of better-for-you offerings.
The report was prepared in reference to global sustainability reporting frameworks, including the Global Reporting Initiative (GRI) Index, the Sustainable Accounting Standards Board (SASB) Standards and the Task Force on Climate-Related Financial Disclosures (TCFD).
Additional disclosures, such as KDP's CDP Climate and Water submissions, are available on the company's website.
Related posts
