The Securities and Exchange Commission says that Keurig Dr. Pepper Inc. will pay $1.5 million to settle charges that it made inaccurate statements about the the recyclability of its K-Cup single use beverage pods.
FILE - The new logo for Keurig Dr. Pepper appears above a trading post on the floor of the New York Stock Exchange, Thursday, July 12, 2018.
The agency said in its order that in annual reports for fiscal years 2019 and 2020, Keurig stated that its testing with recycling facilities “validate that can be effectively recycled.” But Keurig didn’t disclose that two of the country’s biggest recycling companies had expressed significant concerns to Keurig about the commercial feasibility of curbside recycling of K-Cup pods at that time and indicated that they did not presently intend to accept the pods for recycling.
The SEC said Tuesday that Keurig agreed to a cease-and-desist order and to pay the civil penalty, without admitting or denying the findings in the agency’s order. Keurig Dr. Pepper, based in Burlington , Massachusetts, said in an emailed statement that it was pleased to reach an agreement that fully resolves the matter.
“Our K-Cup pods are made from recyclable polypropylene plastic , which is widely accepted in curbside recycling systems across North America,” the company said in a statement. “We continue to encourage consumers to check with their local recycling program to verify acceptance of pods, as they are not recycled in many communities. We remain committed to a better, more standardized U.S. recycling system for all packaging materials through KDP actions, collaboration and smart policy solutions.
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Keurig makes the best coffee makers for college students, and this one is 40% offAmanda Reed is a commerce updates writer at Popular Science. She makes sure all product round-ups are up-to-date, shares deals happening all over the internet, and reviews various gizmos and gadgets. She lives in Pittsburgh with JunkJunk, a handsome, sad-looking tuxedo cat who only wants wet food and attention.
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