Caremark Rx, L.L.C. Sustainability Profile
Caremark Rx, L.L.C., a prominent player in the pharmaceutical services industry, is headquartered in the United States. Founded in 1993, the company has established itself as a leader in providing integrated pharmacy benefit management solutions. With a focus on optimising medication therapy and enhancing patient outcomes, Caremark operates extensively across the US, serving millions of members through its innovative services. The company offers a range of core products, including prescription drug plans, specialty pharmacy services, and comprehensive medication management. What sets Caremark apart is its commitment to utilising advanced technology and data analytics to personalise patient care. Recognised for its market position, Caremark Rx has achieved significant milestones, including numerous awards for excellence in service delivery and patient satisfaction, solidifying its reputation as a trusted partner in healthcare.
DitchCarbon Score
How does Caremark Rx, L.L.C.'s carbon action stack up? DitchCarbon scores companies based on their carbon action and commitment to reducing emissions. Read about our methodology to learn more.
Industry Average
Mean score of companies in the Retail Trade Services industry. Comparing a company's score to the industry average can give you a sense of how well the company is doing compared to its peers.
Industry Benchmark
Caremark Rx, L.L.C.'s score of 87 is higher than 93% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Caremark Rx, L.L.C., headquartered in the US, currently does not have specific carbon emissions data available for recent years, as indicated by the absence of reported figures. However, the company is part of a corporate family relationship with CVS Health Corporation, from which it inherits emissions data and climate commitments. As a current subsidiary of CVS Health Corporation, Caremark Rx aligns with the sustainability initiatives and targets set by its parent company. CVS Health has made significant commitments to reduce its carbon footprint, including science-based targets for emissions reductions. These targets are cascaded down to Caremark Rx, ensuring that the subsidiary adheres to the overarching climate goals established by CVS Health. While specific reduction targets for Caremark Rx are not detailed, the company's involvement in initiatives such as the Science Based Targets initiative (SBTi) and the Carbon Disclosure Project (CDP) reflects a commitment to addressing climate change. The initiatives from CVS Health Corporation, which include various sustainability pledges, guide Caremark Rx's approach to reducing its environmental impact. In summary, while Caremark Rx does not report specific emissions data, it is committed to climate action through its association with CVS Health Corporation, which provides a framework for emissions reduction and sustainability efforts.
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| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | |
|---|---|---|---|---|---|---|
| Scope 1 | 157,199,000 | - | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 |
| Scope 2 | 1,036,690,000 | 0,000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 |
| Scope 3 | 24,608,123,000 | 00,000,000,000 | 0,000,000,000 | 00,000,000,000 | 00,000,000,000 | 00,000,000,000 |
How Carbon Intensive is Caremark Rx, L.L.C.'s Industry?
How Carbon Intensive is Caremark Rx, L.L.C.'s Location?
Caremark Rx, L.L.C.'s Scope 3 Categories Breakdown
Caremark Rx, L.L.C.'s Scope 3 emissions, which increased by 9% last year and decreased by approximately 54% since 2019, demonstrating supply chain emissions tracking. The vast majority of their carbon footprint comes from suppliers and value chain emissions, representing the vast majority of total emissions under the GHG Protocol, with "Purchased Goods and Services" being the largest emissions source at 87% of Scope 3 emissions.
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Caremark Rx, L.L.C.'s Climate Goals (2030 & 2050)
Climate goals typically focus on 2030 interim targets and 2050 net-zero commitments, aligned with global frameworks like the Paris Agreement and Science Based Targets initiative (SBTi) to ensure alignment with global climate goals.
Caremark Rx, L.L.C. has not publicly committed to specific 2030 or 2050 climate goals through the major frameworks we track. Companies often set interim 2030 targets and long-term 2050 net-zero goals to demonstrate measurable progress toward decarbonization.
