Keurig Settles SEC Charges Over K-Cup Recyclability Claims
Keurig Dr Pepper Inc. has agreed to pay a $1.5 million fine to settle charges from the SEC for making inaccurate statements about the recyclability of its K-Cup pods. The company failed to disclose significant concerns from major recycling firms regarding the feasibility of recycling these pods.
| Score | Value |
|---|---|
Scale | 7 |
Novelty | 6 |
Positivity | 3 |
Reliability | 8 |
Actionability | 6 |
Society | 7 |
Journalism | 4 |
Highlights
- Keurig Dr Pepper Inc. will pay a $1.5 million fine to settle SEC charges regarding inaccurate statements about the recyclability of its K-Cup pods.
- The SEC found that Keurig claimed its K-Cup pods could be 'effectively recycled' without disclosing concerns from two major U.S. recycling companies.
- Keurig did not admit or deny the SEC's findings but agreed to a cease-and-desist order.
- The inaccurate statements were made in annual reports for fiscal years 2019 and 2020.
- Keurig's K-Cup pods are made from recyclable polypropylene plastic, but many communities do not recycle them.