The two investments will reduce the company's carbon
footprint by nearly 114,000 metric tons annually
WOONSOCKET, R.I., Jan. 25,
2024 /PRNewswire/ -- CVS Health® (NYSE: CVS) today
announced two agreements that total 264,000-megawatt hours with
Constellation to purchase zero-emission, renewable energy
equivalent to the annual electricity use of nearly 1,000 CVS Health
locations in California,
Washington, D.C., Delaware, Maryland and New
Jersey.
"Investing in our planet and people's health are
interconnected," said Sheryl Burke,
chief sustainability officer and SVP of corporate social
responsibility at CVS Health. "As our world continues to evolve,
these sustainability investments we're making right now are
increasingly important to create a healthier future for the
communities we serve."
CVS Health will purchase energy and renewable energy
certificates (RECs) through two separate long-term agreements with
Constellation. These deals are made possible by Constellation's
long-term agreements with solar projects located in California and Maryland. CVS Health will receive
approximately 264,000 megawatt hours of energy per year through its
retail agreement with Constellation, with that energy matched by
Green-e® Energy Certified RECs sourced from other renewable
facilities throughout the U.S.
"CVS Health continues to be a leader in supporting newly
constructed renewable resources and steadfast in its journey
towards embracing sustainable energy," said Jim McHugh, Chief Commercial Officer at
Constellation. "We are thrilled to work with CVS Health once again
and provide solutions towards a carbon-free future."
Supporting the development of renewable energy projects is an
integral part of CVS Health's continued efforts to invest in
initiatives and programs that focus on improving the world's health
and addressing the environmental factors contributing to health
inequities. To make a meaningful impact against climate change, the
company is focused on reducing the carbon footprint of its direct
operations and supply chain by increasing energy efficiency,
implementing water-saving programs, eliminating waste, and reducing
fuel usage.
CVS Health has now made five renewable energy investments since
2022. These two new investments with Constellation, the company's
two agreements announced in 2023 and the first investment made
in 2022 represent more than 500,000 MWh of clean, renewable energy.
This is a significant share of the 2.2 million MWh of energy CVS
Health used in 2022. They are important milestones as CVS Health
continues to work toward sourcing 50% renewable energy by
2040.
About CVS Health
CVS Health® is the leading health
solutions company, delivering care like no one else can. We reach
more people and improve the health of communities across America
through our local presence, digital channels and over 300,000
dedicated colleagues — including more than 40,000 physicians,
pharmacists, nurses and nurse practitioners. Wherever and whenever
people need us, we help them with their health — whether that's
managing chronic diseases, staying compliant with their medications
or accessing affordable health and wellness services in the most
convenient ways. We help people navigate the health care system —
and their personal health care — by improving access, lowering
costs and being a trusted partner for every meaningful moment of
health. And we do it all with heart, each and every day. Follow
@CVSHealth on social media.
Media Contact
Courtney
Tavener
401-712-3698
Courtney.Tavener@CVSHealth.com
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SOURCE CVS Health