CVS Health Corp

Common Name
CVS Health
Country
United States
Sector
Healthcare
Industry
Healthcare Plans
Employees
219,000
Ticker
CVS
Exchange
NEW YORK STOCK EXCHANGE, INC.
Description
CVS Health Corporation is a leading health services company in the United States, offering a comprehensive range of services aimed at improving healthcare accessibility and convenience. Primarily know...

CVS Health's GHG Emissions Data Preview

In 2024, CVS Health completed a corporate carbon footprint assessment and publicly disclosed its greenhouse gas (GHG) emissions according to the GHG Protocol, covering Scope 1 (direct emissions from owned or controlled sources), Scope 2 (indirect emissions from purchased energy), and Scope 3 (indirect emissions across the value chain).

CVS Health has also provided a category-level breakdown for 8 out of 15 Scope 3 emissions categories, offering greater transparency into its value chain emissions.

Metric (tCO2e)2024202320222021 - 2017
Total Scope 1
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Total Scope 2
Market-Based
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Location-Based
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Total Scope 3
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This table provides a simplified preview of selected GHG emissions data points. To access the complete dataset with full disclosures, detailed breakdowns, and source traceability, create a free account to view purchase options.

Insights into CVS Health's Operational Emissions

In 2024, the total operational greenhouse gas (GHG) emissions of CVS Health amounted to 915,224 metric tons of CO2 equivalent. This figure includes both direct emissions from owned or controlled sources (Scope 1) and indirect emissions from purchased energy (Scope 2).

Compared to 2023, the total operational greenhouse gas (GHG) emissions of CVS Health decreased by 7.36%, showing that the company has made progress in taking action to reduce the climate impact of its operations.

CVS Health's Scope 1 Emissions Over Time

2018201920202021202220232024070 k140 k210 k280 ktCO2e-11%+5%+14%+33%+8%-3%
  • Total Scope 1
  • Year-over-Year Change

What are CVS Health's Scope 1 emissions?

In 2024, the total Scope 1 emissions of CVS Health were 261,522 metric tons of COâ‚‚ equivalent (tCOâ‚‚e).

Has CVS Health reduced its Scope 1 emissions over time?

Since 2018, CVS Health's Scope 1 emissions have increased by 47.46%, reflecting a rising long-term trend in Scope 1 emissions over time.

Compared to the previous year (2023), CVS Health's Scope 1 emissions decreased by 2.86%, highlighting the company's efforts to lower direct emissions from assets it owns or controls.

What are CVS Health's Scope 2 emissions?

In 2024, CVS Health reported Scope 2 greenhouse gas (GHG) emissions of 595,700 tCOâ‚‚e using the market-based method, and 653,702 tCOâ‚‚e using the location-based method.

Has CVS Health reduced its Scope 2 emissions over time?

Compared to the previous year (2023), CVS Health's Scope 2 emissions (Location-Based) have remained relatively stable, indicating that CVS Health 's emissions have plateaued with no significant change in its energy consumption footprint.

What methodology does CVS Health use for Scope 2 reporting?

In 2024, CVS Health reported its Scope 2 emissions using the market-based method and using the location-based method.

CVS Health's Scope 2 Emissions Over Time

20182019202020212022202320240300 k600 k900 k1.2 MtCO2e
  • Total Scope 2 Location-Based
  • Total Scope 2 Market-Based

Insights into CVS Health's Value Chain Emissions

In 2024, CVS Health reported 11,387,115 metric tons of COâ‚‚ equivalent (tCOâ‚‚e) of Scope 3 greenhouse gas (GHG) emissions, representing indirect emissions across its upstream and downstream value chain.

The 2024 disclosure of CVS Health includes a breakdown across 8 of the 15 Scope 3 categories defined by the GHG Protocol, matching the level of disclosure in 2023, demonstrating consistent Scope 3 emissions reporting coverage year over year.

CVS Health's Scope 3 Emissions Over Time

201820192020202120222023202406.5 M13 M19.5 M26 MtCO2e+95%-56%-18%+62%-26%+8%
  • Total Scope 3
  • Year-over-Year Change

What are CVS Health's Scope 3 emissions?

In 2024, CVS Health reported total Scope 3 emissions of 11,387,115 metric tons of COâ‚‚ equivalent (tCOâ‚‚e).

Approximately 100% of these emissions originated from upstream activities such as purchased goods and capital goods, while 0% came from downstream activities like product use, distribution, and end-of-life treatment.

Has CVS Health reduced its Scope 3 emissions over time?

Since 2018, CVS Health's Scope 3 emissions have remained relatively stable, indicating that CVS Health 's emissions have plateaued with no significant change in its value chain footprint.

Compared to the previous year (2023), CVS Health's Scope 3 emissions remained relatively stable, indicating that CVS Health 's emissions have plateaued with no significant change in its value chain footprint.

What categories of Scope 3 emissions does CVS Health disclose?

In 2024, CVS Health reported emissions for 8 out of the 15 Scope 3 categories defined by the GHG Protocol.

This partial disclosure allows for some insight into the company's indirect impacts.

What are the main sources of CVS Health's Scope 3 emissions?

In 2024, the largest contributors to CVS Health's Scope 3 emissions were:

  • Purchased Goods and Services (Cat. 1): 9,853,462 tCOâ‚‚e (86.53%)
  • Employee Commuting (Cat. 7): 493,839 tCOâ‚‚e (4.34%)
  • Upstream Transportation and Distribution (Cat. 4): 292,446 tCOâ‚‚e (2.57%)

CVS Health's Scope 3 Emissions by Categories

Purchased Goods andServices (Cat. 1)(86.5%)UpstreamTransportation andDistribution(Cat. 4)(2.6%)Employee Commuting(Cat. 7)(4.3%)

Insights into CVS Health's Total Carbon Footprint

In 2024, CVS Health reported a total carbon footprint of 12,302,339 metric tons of COâ‚‚ equivalent (tCOâ‚‚e) across Scope 1, Scope 2, and Scope 3 emissions. This represents a 6.61% increase compared to 2023, suggesting a rise in emissions across its operations or value chain.

The largest contributor to CVS Health's total carbon footprint was Scope 3 emissions, accounting for 92.56% of the company's total carbon footprint, followed by Scope 2 emissions at 5.31%.

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