"CVS Health has committed to reach net-zero greenhouse gas emissions across its value chain by 2050. Net Zero Tracker The company also aims to reduce absolute scope 3 GHG emissions from purchased goods and services by 47% by 2030, using 2019 as the base year. Net Zero Tracker Additionally, CVS Health has set a long-term target to reduce absolute scope 1 and 2 GHG emissions by 90% by 2050, also from a 2019 base year. Net Zero Tracker An interesting fact about their environmental policy is that they have a publicly available plan detailing steps towards their target, including information …"
Carbon emissions are estimated according to comparable years, intensity and sector
benchmarks
Performance vs. Target
Note: Targets without baseline are ignored. In case several targets
exist, only the shorter-term target is
displayed.
Value Chain (scope 3) Emissions by Category
Emissions Trajectory (Full Scopes)
Please refer to the library for viewing the supporting documentation
Sector Benchmark
Note: Latest GHG and revenue data (based on tradingview.com) are used to calculate GHG
emissions intensity by sector. The color scale of each bubble depends on the GHG intensity (GHG emissions per 1
million USD revenue).
Sectors follow the Global Industry Classification Standard (GICS) that organize companies based on their primary
business activities. The 11 sectors are : Information Technology, Health Care, Financials, Consumer
Discretionary, Communication Services, Industrials, Consumer Staples, Energy, Utilities, Real Estate, and
Materials.
CVS Health is a member of the Business Ambition for 1.5 campaign (link here )
CVS Health CVS Health commits to reach net-zero greenhouse gas emissions across the value chain by 2050.
Near-term Target As part of this commitment, CVS commits to reduce absolute scope 1 and 2 GHG emissions 47% by 2030 from a 2019 base year. CVS also commits to reduce absolute scope 3 GHG emissions from purchased goods and services 47% by 2030 from a 2019 base year.
Long-Term Target CVS commits to reduce absolute scope 1 and 2 GHG emissions 90% by 2050 from a 2019 base year. CVS also commits to reduce absolute scope 3 GHG emissions from purchased goods and services, business travel, and downstream transportation 90% by 2050 from a 2019 base year.
Last update for CVS Health by zerotracker.net: Sept. 4, 2024
Planning to use external offset credits
Not Specified
Separate targets for emission reductions and removals
No
Conditions on use of offset credits
None
Plans for carbon dioxide removal (CDR)
Not Specified
Additional notes: We are also pursuing opportunities to capture carbon from our tractor and trailer emissions. In 2023, we installed Rypos Diesel Particulate Filters on all of our TRUs, reducing black carbon soot emissions by up to 95 percent. We work with startups to pursue carbon capture technology for diesel tractor exhaust. These technologies are helping bridge the gap to full fleet electrification in the coming years.
Score Summary
Ref
Principle
Score
(points)
Max
(points)
Delta
(points)
1
At least 2 years of GHG emissions for scope 1 and 2 are publicly-available and externally-verified
10.0
10.0
0.0
2
Scope 3 emissions are fully reported and externally-verified
7.5
10.0
0.0
3
CDP score demonstrates the level of transparent disclosures
9.0
10.0
0.0
Transparency
26.5
30.0
0.0
4
Net Zero Commitments by 2050 include an intermediate target and cover all the emissions
10.0
10.0
0.0
5
Net Zero targets demonstrate a high-level of emergency
3.3
10.0
0.0
6
Emission reduction targets on a forward-looking basis are ambitious
NET 0 Tracker
