WOONSOCKET, R.I., May 19, 2016 /PRNewswire/ -- CVS Health
(NYSE: CVS) today released its annual Corporate Social
Responsibility (CSR) Report, entitled Prescription for a Better
World, which describes the company's CSR strategy, and provides
performance updates on its CSR goals and initiatives in 2015. The
ninth annual Report also introduces a number of new targets in
priority areas.
In his message at the beginning of the Report, CVS Health
President and CEO Larry Merlo, says,
"Our purpose also guides us in ensuring that our corporate social
responsibility (CSR) commitments align with our enterprise growth
strategy. This includes the work we do every day to make quality
health care more affordable, more accessible, and more
sustainable."
In Prescription for a Better World, CVS Health's
corporate activities are reported in correlation to three key
strategic pillars:
- Health in Action – focused on providing affordable and
accessible health care;
- Planet in Balance – focused on operating a sustainable
business; and
- Leader in Growth – focused on conducting business with
integrity.
The Report is available online
at http://cvshealth.com/social-responsibility/corporate-social-responsibility.
Announces New CSR Performance Metrics
Among the new targets announced in this year's Report, four are
aimed at creating a tobacco-free generation by 2020. These include
reaching five million youth with tobacco-free messaging; doubling
the number of tobacco-free institutions of higher learning; and
achieving a 10% decline in new youth smokers, as well as a 3%
decline in the national youth smoking rate. Progress toward these
targets will be fueled by CVS Health's Be The First
campaign, a five-year, $50 million initiative to help
deliver the nation's first tobacco-free generation.
Exceeds Key Environmental Target
In reporting on its environmental commitments, the company
announced it has exceeded its greenhouse gas (GHG) intensity
target three years ahead of schedule. In 2010, CVS Health set out
to reduce GHG intensity by 15% per square foot of retail space
by 2018. By the end of 2015, the company measured a 16% reduction
in GHG intensity. CVS Health intends to continue working toward
further reductions and establish a new GHG emissions reduction
target within the next two years.
Other multi-year environmental commitments are disclosed in this
year's Report, including water reduction targets, and another
focused on procuring 100% of the company's paper supply from
sustainable sources by 2020.
In 2015, CVS Health continued to deliver on its commitments to
operate with integrity and implement best-in-class workplace
practices. Efforts in 2015 included hiring more than 95,000 new
colleagues, strengthening diversity networks, enhancing supplier
audit protocols, and increasing company spend on diverse suppliers.
Newly-announced multi-year targets within the Leader in Growth
pillar include increasing participation in the company's Colleague
Resource Groups to 10% of the corporate workforce by 2025; and a
10% year-over-year increase in the hours volunteered by
colleagues.
"As I look ahead to the next 10 years, I see so many
opportunities for our CSR strategy to play a bigger and more
significant role in supporting our business, while delivering more
value to our communities and stakeholders," added Eileen Howard Boone, SVP of Corporate Social
Responsibility and Philanthropy for CVS Health.
CVS Health's 2015 Corporate Social Responsibility Report was
developed in accordance with the Global Reporting Initiative (GRI)
G4 Guidelines, an international framework that is widely used by
organizations to report on their CSR and sustainability
performance. The GRI Materiality Disclosures Service verified that,
at the time of publication of the report, General Standard
Disclosures G4-17 to G4-27 were correctly located in both the GRI
Content Index and in the text of the final report. For more
information on GRI, visit http://www.globalreporting.org/.
About CVS Health
CVS Health is a pharmacy innovation company helping people on their
path to better health. Through its more than 9,600 retail
pharmacies, more than 1,100 walk-in medical clinics, a leading
pharmacy benefits manager with nearly 80 million plan members, a
dedicated senior pharmacy care business serving more than one
million patients per year, and expanding specialty pharmacy
services, the Company enables people, businesses and communities to
manage health in more affordable and effective ways. This unique
integrated model increases access to quality care, delivers better
health outcomes and lowers overall health care costs. Find more
information about how CVS Health is shaping the future of health
at https://www.cvshealth.com.
Media
Contact:
|
Investor
Contact:
|
Joe
Goode
|
Mike
McGuire
|
Corporate
Communications
|
Investor Relations,
(401) 770-4050
|
(401) 770-9820,
jlgoode@cvs.com
|
michael.mcguire@cvshealth.com
|
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SOURCE CVS Health