Keurig Dr Pepper : 2024 Independent Assurance Report
KDP
Published on 06/18/2025 at 08:41
ENGAGEMENT SUMMARY
Scope of our assurance engagement
Whether the following Selected Information for 2024 are fairly presented in the Report, in all material respects, in accordance with the reporting criteria.
Our assurance engagement does not extend to information in respect of earlier periods or to any other information included in the Report.
Selected Information
Energy and GHG emissions
Total Scope 1 GHG emissions [MT CO2e]
Total Stationary Scope 1 GHG emissions [MT CO2e]
Total Mobile Scope 1 GHG emissions [MT CO2e]
Total Scope 2 GHG emissions (location- and market-based) [MT CO2e]
Scope 3 GHG emissions:
Category 3 Fuel- and Energy related Activities [MT CO2e]
Category 4 Upstream Transportation and Distribution [MT CO2e]
Category 7 Employee commuting [MT CO2e]
Category 11 Use of Sold Products [MT CO2e]
Total Energy [MWH]
Total direct energy [MWH]
Total indirect (purchased electricity) [MWH]
Percent Renewable Electricity [% Renewable Electricity as of Total Purchased Electricity]
Water
Total water withdrawal [million liters]
Total water consumption [million liters]
Total water discharge [million liters]
Water Use Ratio (WUR) [as liters of water required to make one liter of product]*
Municipal withdrawal [%]
Groundwater withdrawal [%]
Discharge to municipal [%]
Discharge to waterbody [%]
*WUR is based on production volumes for beverage manufacturing facilities, which for this assurance engagement will be taken as read.
Health and Well-being
Percent of Products that meet positive hydration definition [%]
Regenerative agriculture - Supply Chain and Well-being
Support regenerative agriculture & conservation on 250K acres of land [# of acres]
Independent Limited Assurance Report
ERM Certification & Verification Services Incorporated ("ERM CVS") was engaged by Keurig Dr Pepper Inc. ("KDP") to provide limited assurance in relation to the Selected Information set out below and presented in the KDP 2024 Corporate Responsibility Report (the "Report").
Circular Economy/packaging
All packaging
KDP packaging which is recyclable or compostable [%]
Post-consumer recycled (PCR) content across total packaging portfolio [%]
Plastic packaging
Plastic packaging recyclable or compostable [%]
Post-consumer recycled (PCR) content across total plastic packaging portfolio [%]
Total Plastic Packaging [Metric Tons]
Packaging Mix [% of Total Weight]
Reporting period
January 1, 2024, to December 31, 2024
Reporting criteria
KDP's Basis of Reporting
WBCSD/WRI GHG Protocol (2004, as updated January 2015) for the Scope 1, 2 and Scope 3 GHG emissions
Guidelines from Association of Plastic Recyclers for Circular Economy Metrics
Assurance standard and
level of assurance
We performed a limited assurance engagement, in accordance with the International Standard on Assurance Engagements ISAE 3000 (Revised) 'Assurance Engagements other than Audits or Reviews of Historical Financial Information' issued by the International Auditing and Assurance Standards Board.
The procedures performed in a limited assurance engagement vary in nature and timing from and are less in extent than for a reasonable assurance engagement and consequently, the level of assurance obtained in a limited assurance engagement is substantially lower than the assurance that would have been obtained had a reasonable assurance engagement been performed.
Respective responsibilities
KDP is responsible for preparing the Report and for the collection and presentation of the information within it, and for the designing, implementing and maintaining of internal controls relevant to the preparation and presentation of the Selected
Information.
ERM CVS' responsibility is to provide a conclusion to KDP on the agreed assurance scope based on our engagement terms with KDP, the assurance activities performed and exercising our professional judgement.
OUR CONCLUSION
Based on our activities, as described below, nothing has come to our attention to indicate that the
Selected Information for 2024 is not fairly presented in the Report, in all material respects, in accordance with the reporting criteria.
OUR ASSURANCE ACTIVITIES
Considering the level of assurance and our assessment of the risk of material misstatement of the Selected Information a multi-disciplinary team of sustainability and assurance
specialists performed a range of procedures that included, but was not restricted to, the following:
Evaluating the appropriateness of the reporting criteria for the Selected Information;
Interviewing management representatives responsible for managing the Selected Information;
Interviewing relevant staff to understand and evaluate the management systems and processes (including internal
review and control processes) used for collecting and reporting the Selected Information;
Reviewing of a sample of qualitative and quantitative evidence supporting the Selected Information at a corporate level;
Performing an analytical review of the year-end data submitted by all locations included in the consolidated 2024 group data for the Selected Information which
included testing the completeness and mathematical accuracy of conversions and calculations, and
consolidation in line with the stated reporting boundary;
Conducting a visit to a KDP production site (Allentown) in the United States to review source data and local reporting systems and controls;
Evaluating the conversion and emission factors and assumptions used;
Reviewing the presentation of information relevant to the assurance scope in the Report to ensure consistency with our findings.
13 June 2025 Malvern, PA
ERM Certification & Verification Services Incorporated https://www.ermcvs.com | [email protected]
THE LIMITATIONS OF OUR ENGAGEMENT
The reliability of the Selected
Information is subject to inherent uncertainties, given the available
methods for determining, calculating or estimating the underlying
information. It is important to understand our assurance conclusions in this context.
OUR INDEPENDENCE, INTEGRITY AND QUALITY CONTROL
ERM CVS is an independent certification and verification body accredited by UKAS to ISO 17021:2015. Accordingly, we
maintain a comprehensive system of quality control, including
documented policies and procedures regarding compliance with ethical requirements, professional
standards, and applicable legal and regulatory requirements. Our quality management system is at least as
demanding as the relevant sections of ISQM-1 and ISQM-2 (2022).
ERM CVS applies a Code of Conduct and related policies to ensure that its employees maintain integrity,
objectivity, professional competence and high ethical standards in their work. Our processes are designed
and implemented to ensure that the work we undertake is objective,
impartial and free from bias and conflict of interest. Our certified management system covers
independence and ethical
requirements that are at least as
demanding as the relevant sections of the IESBA Code relating to
assurance engagements.
ERM CVS has extensive experience in conducting assurance on
environmental, social, ethical and health and safety information, systems and processes, and provides no consultancy related services to KDP in any respect.
Disclaimer
Keurig Dr Pepper Inc. published this content on June 18, 2025, and is solely responsible for the information contained herein. Distributed via Public Technologies (PUBT), unedited and unaltered, on June 18, 2025 at 12:40 UTC.