CVS Health is pleased to announce its greenhouse gas emission (GHG) reduction targets have been approved by the Science Based Targets initiative (SBTi), as part of our commitment to ensuring our company’s actions are aligned with current climate science.
As part of our goal, CVS Health is committed to reducing absolute scope 1 and 2 GHG emissions 36 percent by 2030 from a 2010 base-year. CVS Health also commits that 70 percent of its suppliers by emissions will set science-based emissions reduction targets on their scope 1 and 2 emissions by 2023.
The SBTi is a collaboration between CDP, the United Nations Global Compact, World Resources Institute (WRI) and the World Wide Fund for Nature (WWF). The SBTi defines and promotes best practice in science-based target setting and independently assesses and approves companies’ targets.
Science-based targets provide companies with a clearly defined pathway to future-proof growth by specifying how much and how quickly they need to reduce their greenhouse gas emissions.
Targets adopted by companies to reduce greenhouse gas emissions are considered “science-based” if they are in line with the level of decarbonization required to keep global temperature increase below 2 degrees Celsius compared to pre-industrial temperatures.
To learn more about our commitment to sustainable operations, read our 2017 Corporate Social Responsibility report.