Company Directory - CVS Health
Company Details - CVS Health
CVS Health
WebsiteWoonsocket, United States
ISIN: US1266501006
10000 Locations
CVS Health is a healthcare company that operates CVS Pharmacy and provides pharmacy services, health insurance, and a variety of consumer products and services. The company aims to deliver innovative and accessible health solutions to improve the health outcomes of its customers.
CCI Score
CCI Score: CVS Health
-3.05
0.01%
Latest Event
CVS Health Layoffs and Restructuring Impact Local Workforce
CVS Health announced mass layoffs affecting 2,900 employees nationwide, including over 150 Rhode Island residents from its Woonsocket headquarters. The layoffs, part of a broader cost-cutting and restructuring initiative that may split the company into separate units, have raised concerns about worker rights and local economic stability.
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BYSTANDER
CVS Health is currently rated as a Bystander.
Latest Events
- DEC082024
CVS Health announced mass layoffs affecting 2,900 employees nationwide, including over 150 Rhode Island residents from its Woonsocket headquarters. The layoffs, part of a broader cost-cutting and restructuring initiative that may split the company into separate units, have raised concerns about worker rights and local economic stability.
-70
Labor Relations and Human Rights Practices
May 1
The mass layoffs, which include a significant number of local Rhode Island workers, severely undermine labor rights and job security. This decision reflects damaging labor practices that negatively impact marginalized communities and local economies.
More than 150 R.I. residents to lose jobs as part of CVS layoffs
-60
Economic and Structural Influence
May 1
The restructuring initiative, which involves potential breakup of the company into separate retail and pharmacy units, adds to the negative impact by threatening local economic stability and signaling a broader disregard for community welfare amid financial pressures.
More than 150 R.I. residents to lose jobs as part of CVS layoffs
- OCT072024
CVS Health warned state officials in a letter that it plans to cut more than 1,000 jobs across its New England operations, including layoffs at its Woonsocket headquarters and 416 positions at its Aetna subsidiary in Hartford, Connecticut. The layoffs affect both headquarters staff and remote/outstationed employees.
-70
Labor Relations and Human Rights Practices
May 1
The planned layoffs, affecting over 1,000 employees, indicate a significant negative impact on labor relations and worker rights. This mass job cut undermines worker security and is detrimental to fair labor practices, reflecting a move that harms the rights of workers and contributes to economic instability for marginalized employees.
CVS Warns Of More Than 1,000 Layoffs Around New England Headquarters
- OCT032024
CVS Health announced plans to lay off 2,900 employees, primarily from its corporate ranks, raising concerns for worker security and the local economic well-being in Woonsocket.
-40
Labor Relations and Human Rights Practices
May 1
The decision to lay off 2,900 employees, largely among corporate roles, undermines worker stability and may exacerbate economic insecurity in the community. This move is viewed as a negative labor practice, reflecting a disregard for fair employment and worker rights, key concerns from an anti-fascist perspective.
- JAN012024
CVS Health disclosed detailed information regarding its political contributions, lobbying activities, and trade association participations. The report notes the company's adherence to federal and state regulations and emphasizes transparency in its political processes, including the roles of its CEO and Board in guiding political policies.
+30
Political Contributions and Lobbying Efforts
May 1
CVS Health's comprehensive disclosure of its political actions, including its adherence to the Lobbying Disclosure Act and detailed reporting of political contributions, demonstrates a commitment to transparency and regulatory compliance. This ethical approach to political engagement is viewed positively from an anti-authoritarian perspective, indicating that the company is using its political influence in a responsible manner.
- JAN012024
CVS Health's lobbying profile on OpenSecrets shows its involvement in lobbying activities, including support for bills such as the Better Mental Health Care, Lower-Cost Drugs, and Extenders Act of 2023 and the Protecting Patients Against PBM Abuses Act. This record suggests CVS Health is engaging in political processes that may promote patient protection and improved access to healthcare.
+20
Political Contributions and Lobbying Efforts
May 1
The lobbying efforts recorded for CVS Health focus on healthcare-related legislation that aims to improve mental health care, lower drug costs, and protect patients from abuses, which aligns with progressive and pro-consumer policies. While lobbying is often scrutinized, the focus on beneficial healthcare reforms suggests an anti-authoritarian, community-oriented approach.
- OCT052023
CVS Health has established a detailed compliance and ethical framework for its suppliers on its dedicated webpage. The guidelines emphasize adherence to all applicable laws, including the U.S. Foreign Corrupt Practices Act and the UK Bribery Act, and require proper record-keeping, thereby ensuring transparency and ethical conduct within its supply chain.
+50
Supply Chain Ethics
May 1
By mandating that its suppliers comply with stringent ethical standards and anti-corruption laws, CVS Health is reinforcing the integrity of its supply chain. This proactive measure supports ethical business practices and minimizes the risk of involvement in corrupt activities that could indirectly bolster authoritarian practices.
- OCT012023
FEC data on CVS Health PAC shows detailed contributions and disbursements for the corporate political action committee affiliated with CVS Health. The financial summary reflects corporate political spending, including significant disbursements to other committees, raising concerns about corporate influence in politics.
-20
Political Contributions and Lobbying Efforts
May 1
The reported FEC financial data for CVS Health PAC details significant corporate political spending, including contributions to other committees. Although the report does not explicitly indicate funding for far‐right or authoritarian candidates, such corporate political expenditure raises concerns about the influence of corporate money on democratic processes. This form of involvement can potentially prioritize corporate interests over worker rights and marginalized communities, aligning with broader anti-fascist critiques of corporate political behavior.
- OCT012023
An assessment of CVS Health's Human Rights Policy reveals that while the company commits to freedom of association and collective bargaining in principle, it fails to include measures that prevent management from undermining union formation, thereby calling into question its commitment to robust worker rights.
-50
Labor Relations and Human Rights Practices
May 1
CVS Health's omission of explicit non-interference provisions in its Human Rights Policy allows room for practices that could undermine workers' rights and collective bargaining. This gap is particularly concerning from an anti-fascist perspective that prioritizes robust labor protections and resistance to corporate measures that weaken unions.
- MAR012023
In March 2023, CVS Health published a comprehensive Supplier Ethical Standards document outlining strict guidelines for its vendors and suppliers. The document details expectations regarding ethical business practices, anti-corruption measures, non-retaliation policies, non-discrimination requirements, and fair labor practices. These standards are intended to ensure that all supplier interactions support legal compliance, respect for human rights, and fair treatment of workers.
+70
Business Practices and Ethical Responsibility
May 1
CVS Health's published ethical standards strongly promote responsible business practices by enforcing anti-corruption policies, fair treatment, and non-discrimination among suppliers. This proactive approach reinforces ethical conduct within the supply chain and supports worker protection and community accountability.
+60
Labor Relations and Human Rights Practices
May 1
The document emphasizes non-discrimination, safe working conditions, and fair labor practices, reflecting CVS Health’s commitment to upholding human rights standards and protecting marginalized communities within its supply chain.
- JAN012022
CVS Health has outlined its Healthy 2030 sustainability strategy which aims to simplify healthcare, advance equity, support communities, and reduce environmental impacts, as detailed in its 2022 ESG report.
+80
Business Practices and Ethical Responsibility
October 12
CVS Health's Healthy 2030 strategy demonstrates a strong commitment to corporate ethical responsibility by focusing on ESG priorities such as healthcare simplification, advancing equity, community support, and reducing environmental impact. These efforts support marginalized communities and align with anti-fascist, progressive values.
Alternatives
New York, USA
-63.06
Corporation
-12.31
Woonsocket, USA
-46.30
Baltimore, United States
-20.89
Corporation
0.00
Corporation
-18.12
Corporation
-38.57
Los Angeles, United States
12.16
Philadelphia, United States
8.09
Washington, United States
4.01
Corporate Financials
- Revenue
- 2022
- $300.00B
- Total Assets
- 2022
- $200.00B
- Operating Income
- 2022
- $20.00B
- Total Equity
- 2022
- $120.00B
Employees: 300,000
Industries
- 424210
- Drugs and Druggists' Sundries Merchant Wholesalers
- 621111
- Offices of Physicians (except Mental Health Specialists)
- 621610
- Home Health Care Services
- 446110
- Pharmacies and Drug Stores