CVS

Health Care Services
CVS
$ 77 0.12
Share price
$ 97 bn
Market Cap
$ 165 bn
Enterprise Value

Carbon footprint

6.3 Ton
GHG emissions per $ 1 mln investment
0.19x the weighted average for S&P 500
FY2022
How is this calculated?
-3.2%
YOY change in GHG emissions
Weaker than the +0.5% weighted average for S&P 500
FY2022 vs. previous year

Primary Climate Goal

-4.9%
Proj. YOY change in GHG emissions (Scope 1 + 2)
Weaker than the -8.2% weighted average for S&P 500
FY2023
How is this calculated?

CVS aims to reduce Scope 1 + 2 by 47% by 2030 from a base year 2019


1.5°C
CVS's actual and proj. GHG emissions (Scope 1 + 2) (Kt of CO2e)

Secondary Climate Goal

-3.6%
Proj. YOY change in GHG emissions (all Scopes)
Weaker than the -6.5% weighted average for S&P 500
FY2023
How is this calculated?

CVS aims to achieve net zero for all Scopes by 2050


1.5°C
CVS's actual and proj. GHG emissions (all Scopes) (Kt of CO2e)

GHG emissions and Carbon intensity

CVS's GHG emissions (market-based) (Kt of CO2e)
CVS's Carbon intensity (Tons per 1 USDm)

CVS's carbon footprint

CVS reported Total CO2e Emissions - Market-Based Scope 1 + Scope 2 for the twelve months ending 31 December 2022 at 1,036 Kt (-34 /-3.2% y-o-y). Also positively, carbon intensity declined to 3.7 t (-0.6 /-14% y-o-y).

CVS's Scope 3 emissions skyrocketed to 14,457 Kt (+7,789/+117% y-o-y). The growth has slowed compared to the trend since 4Q'18 (CAGR +176%).

The company is committed to reducing Scope 1 + 2 by 47% by 2030 from a base year 2019, which translates into the estimated reduction of -50 Kt per annum over the period of FY2023 - FY2030. This science-based target is aligned with Paris Agreement to limit global warming to 1.5°C above pre-industrial levels.

Also, the company commits to achieving net zero for all Scopes by 2050, which translates into the estimated reduction of -553 Kt per annum over the period of FY2023 - FY2050. This science-based target is aligned with Paris Agreement to limit global warming to 1.5°C above pre-industrial levels.

Company environmental metrics

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