WOONSOCKET, R.I. — CVS Health® (NYSE: CVS) today announced a collaboration with World Wildlife Fund and the organization’s activation hub, ReSource: Plastic, that will focus on reducing plastic waste and increasing the sustainability of materials within its packaging portfolio. CVS Health joins a consortium of leading companies and organizations addressing the planet’s plastic waste crisis as the Principal Retail Member of ReSource: Plastic, driving high standards on plastic sourcing for the retail industry. ReSource: Plastic works with its member companies to maximize, measure, and multiply their impact on solving the plastic pollution crisis.
In 2020, CVS Health engaged World Wildlife Fund to audit its Store Brand packaging portfolio and launch new sustainable packaging goals. With a focus on reducing use of plastic and virgin materials and ensuring recyclability for all Store Brand products, CVS Health will annually measure its plastic and paper packaging inputs to meet key packaging goals.
“We believe that the health of all people is connected to the health of our planet,” said Brenda Lord, Vice President of Store Brands at CVS Health. “That’s why we’re committed to operating our business in a sustainable and environmentally-responsible way, especially through our portfolio of Store Brands products. Through World Wildlife Fund’s ReSource: Plastic initiative we will track, measure, and report on our impact as we work to deliver on our Healthy 2030 goals.”
Through its Environmental, Social and Governance (ESG), Healthy 2030, CVS Health’s goals to create a healthier and more sustainable world include the following:
Ensure all packaging for Store Brands products is 100% reusable, recyclable, compostable, is or can be returned for proper disposal at the end of life by 2030.
Reduce plastic use in operations by 50% by 2030.
Reduce single-use virgin plastic in Store Brand packaging by 50% by 2030.
Ensure all Store Brand paper-based packaging is from recycled or certified sustainably sourced content by 2025.
Define a list of packaging to be designated as problematic or unnecessary by 2023 and take measures to eliminate them by 2030.
“Businesses have the potential to help change the trajectory of our global plastic waste crisis,” said Erin Simon, Head of Plastic Waste and Business, World Wildlife Fund. “By joining ReSource: Plastic, CVS Health has set the example for the retail industry – committing to transparent and measurable action. We’re excited to work together to identify goals and expand the scope of our ReSource work.”
For more information on CVS Heath’s sustainability goals and progress, read the company’s latest ESG Report. Visit the Resource: Plastic website for more information.
About CVS Health
CVS Health is the leading health solutions company, delivering care like no one else can. We reach more people and improve the health of communities across America through our local presence, digital channels and approximately 300,000 dedicated colleagues – including more than 40,000 physicians, pharmacists, nurses, and nurse practitioners. Wherever and whenever people need us, we help them with their health – whether that’s managing chronic diseases, staying compliant with their medications, or accessing affordable health and wellness services in the most convenient ways. We help people navigate the health care system – and their personal health care – by improving access, lowering costs and being a trusted partner for every meaningful moment of health. And we do it all with heart, each and every day. Learn more at www.cvshealth.com.
About World Wildlife Fund
WWF is one of the world’s leading conservation organizations, working in nearly 100 countries for over half a century to help people and nature thrive. With the support of more than 5 million members worldwide, WWF is dedicated to delivering science-based solutions to preserve the diversity and abundance of life on Earth, halt the degradation of the environment and combat the climate crisis. Visit worldwildlife.org to learn more.
About Resource: Plastic
ReSource: Plastic is the World Wildlife Fund activation hub for companies that are ready to translate plastic commitments to meaningful action but need help building a roadmap to get there. It closes the gap with the “how” through an innovative measurement framework, the ReSource Footprint Tracker, which measures and tracks corporate action against ReSource’s three-pronged approach to leveraging business as a catalyst for systems change. For more information, read the 2021 Resource: Plastic Progress Report.