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CVS Caremark releases 2011 corporate social responsibility report

Marks fifth CSR released by company

WOONSOCKET, R.I. — CVS Caremark announced on Tuesday the release of its 2011 corporate social responsibility report.

Providing an overview of the company's commitments to environmental stewardship and diversity, improving patient health outcomes, as well as its continued status as an employer of choice and to helping people — especially children and the underserved — access care and services through its social investments, this year's CSR unveils CVS Caremark's strategy for reinventing pharmacy for better health and also highlights the company's focus on diversity, both within its own workforce and in active engagement with the communities it serves. What's more, the report features CVS Caremark's progress related to the goal of reducing its carbon intensity by 15% by 2018 through a variety of sustainability measures. This year's report includes an accounting of the company's political contributions and activities, a first for CVS Caremark.

The report, titled "Helping People on Their Path to Better Health," is available online at Cvscaremark.com/CSR.

"The process of measuring our progress and performance and assessing the outcomes of our efforts to date in such areas as workplace, diversity, governance, products and services and the environment, helps us to be more accountable to our stakeholders," CVS Caremark president and CEO Larry Merlo said. "We're pleased to share this report and the exciting progress we're making, in many different ways, every single day."

The CVS Caremark 2011 CSR report was developed in accordance with the Global Reporting Initiative G3 guidelines, an international framework that is recognized and used by organizations to report on their CSR and sustainability performance.

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