Forestry Policy

Our efforts to transform the health of our planet include reducing our consumption of natural resources. To address deforestation, we focus these efforts on the areas of our most material impacts — responsibly sourcing paper and palm oil. In 2020, we reached our goal to source sustainable palm oil for all our store brands products, as 100% of our store brand suppliers of items containing palm oil have become members of RSPO or have obtained Rainforest Alliance certification. Additionally, when new store brand items contain palm oil, suppliers must demonstrate proof of required certification. We are also committed to reducing the impacts of our operations, including through 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. Our Commitment includes deforestation criteria which span across the following key components:

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 that forestry issues play a role in the health of our environment and have a material impact on climate change. Our Forestry Policy extends beyond regulatory compliance to manage forest-related risks and source sustainable forestry commodities.

Included in our value chain are forestry commodities including the palm oil in the products we sell and timber products 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 forestry commodities, this policy covers forest-related risks that exist exclusively upstream in our supply chain. Additional information on our commitments to deforestation can be found in our Deforestation Commitment, Responsible Palm Oil Sourcing Policy and Timber Commodities Policy.

Our commitment to manage forest-related risks includes time-bound targets for sustainable sourcing of forest commodities. Specifically, we are working to ensure that all palm oil used in our store brand products come from Roundtable on Sustainable Palm Oil (RSPO) or Rainforest Alliance (RFA) certified sources.

CVS Health recognizes our current and potential business impacts on forests and other natural ecosystems. In addition to our goal, 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 will use 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 within the next year.