Keurig Dr Pepper to pay $1.5M to settle charges about K-Cup recyclability

The U.S. Securities and Exchange Commission said the beverage company omitted from filed documents some important information about testing curbside recyclability of its K-Cup coffee pods.

Dive Brief:

• The U.S. Securities and Exchange Commission announced Tuesday that it charged Keurig Dr Pepper with making inaccurate statements about the recyclability of its K-Cup single-use beverage pods. KDP agreed to pay a $1.5 million civil penalty to settle the charges.
• The SEC alleged that KDP stated in reports for fiscal years 2019 and 2020 that its K-Cup single-use coffee pods could be “effectively recycled” based on testing at municipal recycling facilities. However, the company did not disclose that two of the nation’s largest recycling companies that were involved in the testing expressed “significant negative feedback” about the feasibility of recycling the pods curbside at that time, according to the SEC order.