Keurig Dr Pepper : 2023 Corporate Responsibility Brochure

2023 Corporate Responsibility Report

1

Our Company

WHO WE ARE

A leading beverage company in North America, with a portfolio of more than 125 owned, licensed and partner brands and powerful distribution capabilities.

$14.8B Total Net Sales	~28,000 Employees
30 Manufacturing Locations	Principal Warehouses/
150+ Distribution Centers
North American Category Leadership
#1 single-serve coffee brewing	#2 shelf-stable premium ready-to-
systems in the U.S. and Canada	drink teas in the U.S.
#1 flavored carbonated soft drinks	#1 apple juice in the U.S.;
in the U.S. and Canada;	#1 tomato seafood cocktail in Canada
#2 in Mexico	and Mexico
#2 premium waters in the U.S.;	#1 mixers in the U.S.;
#1 mineral water in Mexico	#1 low alcohol cocktail in Canada
OUR PURPOSE
Drink Well. Do Good.
OUR VISION
A beverage for every need, anytime, anywhere.
OUR CULTURE
Top beverage talent with a challenger mindset.
TEAM FIRST	THINK BOLD
Win together. Be the kind of	Challenge the usual.
person you want on your team.	Dare to try something
DELIVER BIG	BE FEARLESS & FAIR
Achieve our commitments.	Tell the truth with courage.
Then push beyond the expected.	Listen and act with respect.

2

Corporate Responsibility

AN INTEGRATED APPROACH

We aim to enhance every beverage occasion to make a positive impact for people, communities and the planet.

Corporate responsibility issues are fundamentally integrated - the work

E	m

& n y o t i i s s ru el vc in

DI

p

l

o H

		e
y	e
	lt
e	a
	f
	a
	S

,
h	t	y
e
	l
W	e

l

	&
-	B

										ualit
									tQ
								uc
							od		fety
							Pr
					le		&	Sa
				ib	&
			s
		n	g y
		o
				in		c
		p t		n
	s e	e
	e k		r
R	r	p
			a
		a s
	M n
		a
		r
	T
	g
in
e

y

Consumer Health & Well-Being

RHum ig a htn s

S
u
Lp
i p
v l
ey
l
i
hC
oh
oa
di
sn
R
CA
e
og
g
nr
ie
sc
n
eu
rle
vtr
aua
rt
t	i
ie
o	v
e
n&

in one area can create a positive outcome in another.

EC no gm a gm

eu mn i et

ny

t

A

P d uv bo l ic

ca Pc oy l& i c y

C

o

G r

o p

v

o

e

r

&

r

a

E

n

t

a

e

t

n

hi

c

c

e

s

B

ar

io

div

ersity

Cir

y

m

no

Eco

									e
									l
									b
									ig
									sn
									i
									nc
									or
									p u
								s o
								e S
								R
				s	e	&		h	ip
			U		s
		r		d
te	a r
w
a		e
W
t
S

e t an imo

l i C t c A

ENVIRONMENT

We are committed to reducing our environmental impacts and restoring resources in support of a regenerative and circular economy. We partner to accelerate and amplify our efforts, supporting climate resilience within our value chain.

SUPPLY CHAIN

We aim to use our buying power for good through responsible sourcing actions in key supply chains and focused work with suppliers. We collaborate with

a range of innovative partners around the world with the goal of improving livelihoods and supporting regenerative agriculture and conservation.

HEALTH & WELL-BEING

We strive to offer a broad, well-balanced portfolio of quality products that is accessible to all consumers and marketed responsibly. We aim to understand root causes of health inequities and look for opportunities to address them through our portfolio and partnerships.

PEOPLE & COMMUNITIES

We aim to cultivate top beverage talent with a challenger mindset. We are committed to creating an inclusive, high-performing work environment in which all employees feel supported and talent can thrive. We also engage locally by investing in meaningful social impact programs to build strong, vibrant communities.

3

Environment

KEY HIGHLIGHTS
21%	reduction in Scope 1 and 2 emissions
and a 12% reduction in Scope 3
	emissions in select categories
95%	of our packaging is recyclable or
compostable*
15%	virgin plastic reduction across our
plastic packaging portfolio	INVESTING IN AND DEPLOYING

*Updated to include the addition of plastic packaging that are categorized as "recyclable with detrimental qualities" per the Association of Plastic Recyclers (APR).

Supply Chain

ELECTRIC VEHICLES

KEY HIGHLIGHTS	SUSTAINABLE SUPPLY CHAIN FRAMEWORK
100% responsibly sourced coffee* and cocoa

consecutive years of being the largest

14 buyer of Fair Trade Certified Coffee in the world

43,435 acres of land supporting regenerative agriculture and conservation

*In 2023, 0.002% of coffee (a single shipment) was received as conventional per a customer requirement.

4

Protect, restore		TURE	Promote well-being
and manage for		and prosperity within
		LIVELIHOOD
the future	NA	an inclusive value chain
		S

RESPONSIBLE SOURCING

Safeguard fundamental human rights and environmental protections

Health & Well-Being

KEY HIGHLIGHTS

A BALANCED PRODUCT PORTFOLIO

59%	of our products provided
positive hydration*
5.6%	reduction in added sugar from
our cold portfolio over the last
three years

Expanded distribution of our better-for- you offerings in new and varied markets

*U.S. sales only; includes partner brands and fountain, excludes private label. We define a positive hydration product as one that provides a serving of fruits or vegetables (with no added sugar) OR is 40 calories or less per serving with a functional attribute or at least 10% Daily Value of a nutrient to encourage.

Green Mountain Coffee Horizon Blend

Natural caffeine | 0 calories

Bai Pilavo Pineapple Mango

Greater than 10% Daily Value of vitamin C | 10 calories

Mott's No Sugar Added Applesauce Serving of fruit with no added sugar

People & Communities

KEY HIGHLIGHTS

32% female representation in Director+ positions

19% people of color representation in Director+ positions

Multi-year partnership with the Red Cross to provide support to families and communities in need across the U.S. and Canada

5

2023 Goals & Progress

Year	Goal	2021	2022	2023
Actual	Actual	Actual

2024

2025

2025

2025

2025

ENVIRONMENT 2025

2025

2025

2030

2030

2030

Engage bottlers and select suppliers representing 50% of Scope 3 emissions to set a science-based target

Obtain 100% of electricity from renewable sources

Improve our water use efficiency by 20%

Convert 100% of packaging to be recyclable or compostable*

Use 30% post-consumer recycled content across our packaging portfolio

Use 25% post-consumer recycled content in our plastic packaging

Achieve a 20% virgin plastic reduction across our plastic packaging portfolio

Send zero waste to landfill across our operations

Reduce Scope 1 and 2 emissions by 30%

Reduce Scope 3 emissions in select categories by 15%

Partner with our highest water-risk operating communities to replenish 100% of water used in our beverages in those communities

36%	44%	46%
62%	74%	83%
7%	7%	5%
95%	94%	95%
24%	24%	27%
11%	18%	17%
6%	11%	15%
92%	92%	93%
9%	13%	21%
3%	5%	12%
49%	55%	55%

	Ongoing
SUPPLY CHAIN
	2030
	2025
HEALTH & WELL-BEING
	2025

PEOPLE & COMMUNITIES

2025

Responsibly source our brewers and priority inputs

Responsibly source our coffee**

Responsibly source our cocoa***

Support regenerative agriculture and conservation on 250,000 acres of land

Provide positive hydration in 60% of our products

Increase female representation in Director+ positions by 25% to 33% of the total

Increase people of color representation in Director+ positions by 25% to 21% of the total

100%	100%	100%
81%	100%	100%
N/A	11,296	43,435
56%	57%	59%
28%	31%	32%
17%	18%	19%

*Updated to include the addition of plastic packaging that are categorized as "recyclable with detrimental qualities" per the Association of Plastic Recyclers (APR).

**During 2021 and 2022, a small amount of coffee was received as conventional (0.38% and 0.36%, respectively) due to COVID-19 impacts, supplier error or shipping delays. In 2023, 0.002% of coffee (a single shipment) was received as conventional per a customer requirement.

***2021 was our final transition year, with 19% of cocoa purchased as conventional. At the end of 2021, all cocoa contracted going forward was 100% responsibly sourced through verification or third-party certification programs. This metric is updated from our 2022 Corporate Responsibility Report to reflect the percentage of responsibly sourced cocoa received during the year ended December 31, 2021.

Photo Credits: Lucia Bawot (page 1: Report Cover)

6