Environmental Policy

In 2010, we began the process of assessing our environmental initiatives and determined the need for a more defined policy to guide our efforts.

Environmental Policy Statement

The link between human health and the health of our planet is becoming increasingly apparent. As a company dedicated to improving people’s lives through innovative and high-quality health and pharmacy services, we are committed to operating in a manner that meets or exceeds applicable environmental regulations; reduces our environmental and climate- related impacts; and contributes to the long-term sustainability of our business. CVS Caremark’s enterprise-wide environmental strategy, goals and quantifiable targets are established and overseen by senior leaders who comprise our Environmental Leadership Council, and, as appropriate, are reviewed by the company’s CEO for approval. The process for developing our strategy, goals and targets involves engagement with colleagues from across the enterprise and third-party environmental experts.

We believe that ongoing measurement, auditing and transparency of our initiatives are essential components of our environmental commitment and will lead to improved performance over time. Our approach to disclosure includes issuing an annual Corporate Social Responsibility Report and participating in other initiatives, such as the Carbon Disclosure Project. Our environmental strategy, goals and targets are focused in these areas:

• Addressing our enterprise-wide climate-related impacts through reductions in greenhouse gas emissions
• Conserving natural resources by seeking reductions in energy use, water use and solid waste
• Encouraging more recycling throughout our enterprise and the use of recycled materials in the products we purchase and sell
• Minimizing the use of raw materials in our products and packaging
• Seeking feasible alternatives for materials of concern in the development of our products
• Managing hazardous materials effectively to ensure safe and proper disposal
• Employing LEED and Energy Star standards in the construction of our facilities

To achieve our goals and meet our targets, we collaborate with various internal and external stakeholders. This may include:

Employees
Raising awareness of their opportunities to reduce their environmental impact both at work and beyond

Customers
Providing products that are better for the environment and offering ways for them to reduce their impact when they shop with us

Suppliers
Collaborating to reduce the environmental footprint of the products we purchase and sell

Government
Monitoring environmental policy and legislation

Environmental groups
Working with experts and seeking their counsel on environmental issues, goal setting, measurement and innovative approaches to reducing our footprint

Climate Change Policy Statement

We acknowledge that human action contributes to climate change, and we are committed to fostering a culture of environmental responsibility within our company to reduce our greenhouse gas emissions and subsequent impact on the environment. We have set targets for improving the energy and greenhouse gas efficiency of our operations.

We will achieve these targets and contribute to the long-term sustainability of our business through:

• Routine monitoring and review of potential risks and opportunities related to climate change (physical, regulatory, operational and financial)
• Implementation of energy and greenhouse gas efficiency programs in our operations including our retail stores, pharmacies, offices, distribution centers and fleet vehicles
• Ongoing communication and engagement with internal and external stakeholders regarding our climate-related performance