CVS Health has released its tenth annual Corporate Social Responsibility Report, entitled Prescription for a Better World, providing updates on progress against the company's 2016 CSR goals, and establishing several new performance targets.
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
Planet in Balance
Leader in Growth
"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.