Timber Commodities Policy
At CVS Health, we are committed to operate in a sustainable and environmentally responsible manner as we help people on their path to better health. We recognize the linkage between forestry-issues and climate change and therefore, attendant to our company-wide Forestry Policy, the following is our Timber Commodities Policy that extends beyond regulatory compliance to manage forest-related risks and source sustainable timber commodities.
Timber commodities included in our value chain are in the paper we use in our direct operations, as well as downstream in packaging and marketing materials. As CVS Health does not produce, process, trade or manufacture these timber commodities, this policy covers timber-related risks that occur exclusively upstream in our supply chain.
We are also committed to reducing the impacts of our operations, including timber commodity risks by way of our paper usage, and have set a goal to reduce our environmental impact by at least 50% by 2030. Paper reduction will play a key role in achieving this goal.
CVS Health recognizes our current and potential business impacts on forests and other natural ecosystems. We are committed to eliminating conversion of natural ecosystems and deforestation. Wherever they exist, we are committed to remediation, restoration and/or compensation of past harm. Finally, we commit to protect rights and livelihoods of local communities where we source forest commodities. CVS Health uses the recommendations of Task Force on Climate-Related Disclosures (TCFD) to assess both physical and transition risks with a focus on reputational risks across our value chain.