CVS today announced the release of "Prescription for a Better World," its ninth annual Corporate Social Responsibility (CSR) Report that provides updates on the company's goals and initiatives for 2015.
The report on CVS Health corporate activities was divided into three strategic elements: Health in Action, Planet in Balance and Leader in Growth. The report began with an introduction from CVS Health President and CEO Larry Merlo.
"Our purpose also guides us in ensuring that our corporate social responsibility (CSR) commitments align with our enterprise growth strategy," Merlo said. "This includes the work we do every day to make quality health care more affordable, more accessible, and more sustainable."
CVS's key elements include providing affordable and accessible health care, operating a sustainable business and conducting business with integrity. While the report updated the progress and successes of the initiatives and goals from 2015, it also introduced new targets.
CVS has set out to create a tobacco-free generation by 2020. The targets of the "Be the First" campaign include doubling the number of tobacco-free colleges and universities and reducing the number of new youth smokers by 10 percent. The five-year, $50 million initiative has already resulted in collaborations with other organizations and agencies to reduce tobacco use among teens and young adults.
Among its multi-year environmental commitments, CVS has already reduced its greenhouse gas (GHS) intensity by 16 percent, which is three years ahead of schedule. The report also updates CVS' progress in saving water and obtaining 100 percent of its paper from sustainable sources by 2020.
"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," SVP of Corporate Social Responsibility and Philanthropy Eileen Howard Boone said.
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