CVS

CVS reported Total CO2e Emissions - Market-Based Scope 1 + Scope 2 for the twelve months ending 31 December 2021 at 1,070 Kt (-73 /-6.4% y-o-y). Also positively, carbon intensity decreased to 4.3 t (-0.3 /-6.5% y-o-y).

CVS's Scope 3 emissions decreased to 6,668 Kt (-4,057 /-37.8% y-o-y). This is a higher rate of decline than over the period since 4Q'19 (-32.6% CAGR).

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 -49 Kt per annum over the period of FY2022 - FY2030. This science-based target is aligned with Paris Agreement to limit global warming to 1.5°C above pre-industrial levels.