CVS

CVS reported Total CO2e Emissions - Market-Based Scope 1 + Scope 2 for the twelve months ending 31 December 2020 at 1,143 Kt (-39 /-3.3% y-o-y). Also positively, carbon intensity declined to 4.3 t (-0.3 /-6.5% y-o-y).

CVS's Scope 3 emissions tumbled to 70 Kt (-84 /-54.5% y-o-y). The decline accelerated compared to the CAGR of -5.1% since 4Q'16.

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 -52 Kt per annum over the period of FY2021 - FY2030. This science-based target is aligned with Paris Agreement to limit global warming to 1.5°C above pre-industrial levels.