DPS names new partners to boost beverage container recycling rate
Closed Loop Fund, Keep America Beautiful part of pledge to boost recycling rate to 60 percent by 2030
Dr Pepper Snapple Group (DPS), Plano, Texas, announced it will work with industry, government and community partners in order to achieve a U.S. beverage container recycling rate of 60 percent by 2030, the company says. As part of this commitment, the company is entering into a new partnership with Close Loop Fund while maintaining its collaboration with Keep America Beautiful to improve access to recycling across the country, it adds.
DPS is investing $5 million in the New York-based Closed Loop Fund during the next 10 years and joins a growing number of businesses supporting efforts to improve post-consumer recycling, it says. The company also is extending its relationship with Stamford, Conn.-based Keep America Beautiful through a new three-year, $1 million commitment primarily to continue efforts to place recycling bins in public parks, it adds.