CVS Health recently issued the following announcement.
Friday, April 1, 2022
WOONSOCKET, R.I. — CVS Health (NYSE: CVS) today announced the release of its annual Environmental, Social and Governance (ESG) report Healthy 2030 detailing how the company is helping create a healthier and more sustainable world.
“In 2021 we made significant progress towards our Healthy 2030 goals, with a particular focus on addressing health equity and protecting the environment,” said Karen S. Lynch, President and CEO, CVS Health. “We’ll continue to utilize our community presence, diverse assets and expertise to improve the health of people and the planet.”
ESG highlights in 2021 include:
- Improved health equity through the company’s new Health Zones initiative, which addresses the six social determinants of health: housing, education, access to food, labor, transportation, and health care access
- Expanded community health resources with a focus on underserved populations, including targeted COVID-19 vaccine outreach and hosting more than 1,700 free health screening events
- Diverted 50 percent of all waste to recycling or reuse
- Saved 33,500 MWh of energy through efficiency programs to reach company’s goal to achieve net zero emissions by 2050
- Eliminated 500,000 in empty miles through backhaul program
- Became one of the first companies in the world to have its net-zero targets validated by the Science-Based Targets Initiative’s net-zero methodology
- Delivered more than $2.5 million in value of colleague volunteerism to nonprofit organizations across the country
- Provided more than 159 million meals for people who are food insecure through partnership with Feeding America, with approximately 40 percent of meals supporting people who are racially diverse and food insecure
- Announced increase of company’s minimum wage to $15/hour effective July 2022
The complete CVS Health ESG Report is available online at CVSHealth.com/Reporting.
This marks the 15th year CVS Health has reported on its ESG efforts. This year’s report was developed in alignment with the Global Reporting Initiative Standards. For the past two years, CVS Health has reported in accordance with the Sustainable Accounting Standards Board, the Task Force on Climate-related Financial Disclosures, The Robert Wood Johnson Foundation’s Culture of Health for Business framework, and the United Nations Global Compact’s Communication on Progress.
Original source can be found here.
