Cvs Health Sustainability Profile
CVS Health Corporation, headquartered in the United States, stands as a leading entity in the healthcare industry, primarily focusing on pharmacy services, health insurance, and retail health solutions. Founded in 1963, CVS Health has evolved significantly, marked by key milestones such as the acquisition of Aetna in 2018, which enhanced its position in the health insurance market. With a diverse range of core products and services, including prescription medications, health management programmes, and MinuteClinic services, CVS Health distinguishes itself through its integrated approach to healthcare delivery. The company operates extensively across the US, serving millions of customers and patients, and is recognised for its commitment to improving health outcomes. As a prominent player in the healthcare landscape, CVS Health continues to innovate and adapt, solidifying its market position through strategic initiatives and a focus on community health.
DitchCarbon Score
How does Cvs Health'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 Health 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
Cvs Health's score of 82 is higher than 91% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Cvs Health's reported carbon emissions
In 2024, CVS Health reported total greenhouse gas emissions of approximately 12,387,115,000 kg CO2e, with emissions distributed across various scopes: 261,522,000 kg CO2e (Scope 1), 595,700,000 kg CO2e (Scope 2), and 11,387,115,000 kg CO2e (Scope 3). The company has set ambitious targets to reduce its overall environmental impact, aiming for a 47% reduction in absolute Scope 1 and 2 emissions by 2030, based on a 2019 baseline. Additionally, CVS Health is committed to achieving net-zero emissions across its value chain by 2050. In 2023, CVS Health's emissions were reported as 10,449,781,000 kg CO2e, with Scope 1 emissions at 269,225,000 kg CO2e, Scope 2 at 714,499,000 kg CO2e, and Scope 3 at 10,449,781,000 kg CO2e. The company has consistently aimed for a 50% reduction in its overall environmental impact by 2030. CVS Health's long-term goals include a 90% reduction in absolute Scope 1 and 2 emissions by 2050, alongside a similar reduction in Scope 3 emissions, which encompass purchased goods and services, business travel, and downstream transportation. These targets are aligned with the Science Based Targets initiative (SBTi) and reflect CVS Health's commitment to sustainable practices within the healthcare sector.
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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 Cvs Health's Industry?
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Cvs Health's Scope 3 Categories Breakdown
Cvs Health'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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Cvs Health'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.
Cvs Health has established climate goals through participation in recognized frameworks and target-setting initiatives. Companies often set interim 2030 targets and long-term 2050 net-zero goals to demonstrate measurable progress toward decarbonization.
