Keurig Dr Pepper Begins Transition to 100% Recycled Plastic Bottles for Snapple and CORE Brands
Keurig Dr Pepper (KDP) announced its transition to 100% recycled plastic bottles for its Snapple® and CORE® brands, projected to eliminate approximately 46.3 million pounds of virgin plastic annually.
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Rhea-AI Summary
Keurig Dr Pepper (KDP) announced its transition to 100% recycled plastic bottles for its Snapple® and CORE® brands, projected to eliminate approximately 46.3 million pounds of virgin plastic annually. This initiative, starting with Snapple in West Coast markets and CORE in early 2021, aligns with KDP's commitment to a circular economy and aims to increase the use of post-consumer recycled materials in company packaging to 30% by 2025. The switch is expected to reduce greenhouse gas emissions by about 30%, equivalent to removing 7,500 cars from the road for a year.
Positive
- Transition to 100% recycled plastic bottles for Snapple and CORE brands will eliminate 46.3 million pounds of virgin plastic annually.
- Aims to increase post-consumer recycled content in packaging from 20% to 30% by 2025.
- Switching to recycled plastic is projected to lower greenhouse gas emissions by about 30%.
Negative
- None.
Details
News Market Reaction – KDP
The recorded move for KDP in the trading session of this news was -2.64%.
Data tracked by StockTitan Argus. Session date unavailable.
AI-generated analysis. How Rhea-AI works. Not financial advice.
BURLINGTON, Mass. and PLANO, Texas, Oct. 26, 2020 /PRNewswire/ -- Keurig Dr Pepper (NASDAQ: KDP) today announced that its Snapple® and CORE® brands are transitioning to bottles made of
"Transitioning to recycled plastic bottles for two of our key brands is a critical next step in Keurig Dr Pepper's commitment to a circular economy," said Monique Oxender, Chief Sustainability Officer of KDP. "This important portfolio evolution enables us to offer consumers their favorite beverages, while meeting their desire for more sustainable packaging."
Across KDP's portfolio of more than 125 brands,
Recycled plastic bottles help to lower greenhouse gas emissions by about
Each Snapple and CORE rPET bottle will feature a How2Recycle® label, an industry-leading standardized labeling system that clearly communicates recycling instructions to consumers. The introduction of rPET bottles supports the Company's commitment to the American Beverage Association's Every Bottle Back initiative, a recycling modernization program that includes a collective beverage company investment of
About Keurig Dr Pepper
Keurig Dr Pepper (KDP) is a leading beverage company in North America, with annual revenue in excess of
Media Contacts:
Katie Gilroy
T: 781-418-3345 / katie.gilroy@kdrp.com
Kelly Smith
T: 978-501-3770 / kelly.smith@kdrp.com
Investor Contacts:
Tyson Seely
T: 781-418-3352 / tyson.seely@kdrp.com
Steve Alexander
T: 972-673-6769 / steve.alexander@kdrp.com
1 Based on 2019 volumes
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SOURCE Keurig Dr Pepper
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