WOONSOCKET, R.I., May 10, 2017 /PRNewswire/ -- CVS Health (NYSE:
CVS) today released its tenth annual Corporate Social
Responsibility (CSR) Report, entitled Prescription for a Better
World, providing updates on progress against the company's 2016
CSR goals, and establishing several new performance targets.
Accomplishments in 2016 spanned the company's strategic CSR
pillars of Health in Action, Planet in Balance and Leader in Growth
and illustrate its efforts to make health care more affordable,
accessible and effective; provide customers with healthier and more
sustainable products; and operate its business sustainably and
responsibly.
New performance targets introduced in this year's report include
expanding the company's commitment to preventing and mitigating
prescription drug abuse by increasing pharmacist education and
outreach to 750,000 children and families by 2020. In addition, to
respond to the health care industry's complex and ever-changing
compliance landscape, the company is harnessing new technologies
that help colleagues stay informed of and comply with regulations
and has committed to providing more than two million hours of
annual compliance training to colleagues across the enterprise.
"We're incredibly proud of everything we accomplished in 2016
and believe that our business contributions have helped to address
critical health care issues and deliver more affordable, accessible
and effective care," said Larry
Merlo, President and Chief Executive Officer for CVS Health.
"Our corporate social responsibility strategy supports our growing
business while helping people on their path to better health and
making the world a healthier place to live."
Key highlights from the 2016 Report include:
Health in Action
- Delivered a low-cost alternative to auto-injectable epinephrine
as one way to increase the affordability of prescription drugs
- Broadened MinuteClinic® services and piloted a
first-of-its-kind partnership with the U.S. Department of Veterans
Affairs to offer clinic services to more than 60,000 veterans
served by the Palo Alto VA. The success of the pilot resulted in
the recent expansion of the program to provide quality care to
veterans served by the Phoenix VA Health Care System.
- Expanded healthier food and beverage offerings to more than
2,900 stores nationwide
- Reached more than 170,000 students with prescription drug abuse
education through the Pharmacists Teach® program
- Introduced Be The First, a five-year, $50 million initiative to help deliver the
nation's first tobacco-free generation
Planet in Balance
- Advanced efforts to address chemicals of consumer concern by
announcing the removal of parabens, phthalates and the most
prevalent formaldehyde donors across nearly 600 beauty and personal
care products from its store brand CVS Health, Beauty 360, Essence
of Beauty, and Blade product lines
- Published and implemented a Responsible Palm Oil Sourcing
Policy and committed to sourcing 100 percent of palm oil used in
CVS Health products from verified, responsible sources by 2020
- Committed to developing a science-based emissions reduction
target to align greenhouse gas emission reductions with global
emissions budgets generated by climate models and joined more than
250 companies setting their emissions reduction targets in line
with climate science
Leader in Growth
- Published a Human Rights Policy that formalizes practices
within our workplace and supply chain and aligns with the United
Nations Guiding Principles on Business and Human Rights
- Achieved our goal of spending $1 billion annually with diverse
suppliers by 2017, one year ahead of schedule, and became one of 26
U.S.-based companies named to the Billion Dollar Roundtable, a
top-level corporate advocacy organization that promotes
supply-chain diversity excellence
- Committed to expanding the company's Registered Apprenticeships
program to 3,000 participants by 2020
"Prescription for a Better World is more than the title
of our report – it's a comprehensive approach to CSR that engages
colleagues across our organization to make measurable progress in
fulfilling our purpose," Eileen Howard
Boone, SVP of Corporate Social Responsibility and
Philanthropy for CVS Health writes in the Report. "As I look ahead
to the next ten years, I see so many opportunities for our CSR
strategy to play an even bigger role in supporting our business and
delivering value to our customers, communities and
stakeholders."
The 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. For more information on GRI,
visit http://www.globalreporting.org/.
The Report is available online at
http://cvshealth.com/social-responsibility/corporate-social-responsibility.
About CVS Health
CVS Health is a pharmacy innovation
company helping people on their path to better health. Through its
nearly 9,700 retail locations, more than 1,100 walk-in medical
clinics, a leading pharmacy benefits manager with nearly 90 million
plan members, a dedicated senior pharmacy care business serving
more than one million patients per year, expanding specialty
pharmacy services, and a leading stand-alone Medicare Part D
prescription drug plan, 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:
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Investor
Relations:
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Joe Goode, (401)
770-9820
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Nancy Christal, (401)
770-3614
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Joseph.Goode@CVSHealth.com
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Nancy.Christal@CVSHealth.com
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SOURCE CVS Health