Corporate social responsibility (CSR) is an issue many companies are facing today. It is also known as corporate citizenship, responsible business or sustainable responsible business (Werhane). Whatever you call it, almost every large corporation embraces these ethical standards and international norms. Every business, small or large, is becoming involved with CSR; it is now becoming a deciding factor in whether or not consumers are willing to shop at that business (Werhane).
One business that is becoming involved with corporate social responsibility is CVS. CVS is a pharmacy as well as an all around, one stop shop. It carries baby care products, medicine, prescriptions, personal care, skin care, food and vitamins. CVS first became involved with CSR in 2008 when it released its first CSR report called, CVS Caremark. In this report it discusses issues like prescription safety, customer privacy, environmental management, as well as the safety of its products such as personal care items (Christal). Other issues the report covers includes providing a good workplace, making a difference in local communities, and one of CVS’s major concerns in the report is helping children with disabilities and healthcare for the uninsured (Christal). CVS took a look into the major issues that not only affect their customers but also their employees and developed this Caremark plan to take more social responsibility.
This report includes CVS Caremark Programs that range from infants to the elderly (CVS Caremark). These programs include, cash grants, in-kind contributions, sponsorships and fund-raising endeavors, as well as CVS employees’ charitable giving and volunteerism (CVS Caremark).
The program that involves CVS’s major concern, children with disabilities, is a program that helps kids from birth to when they reach the age of 18. This program is called the CVS Caremark All Kids Can program. This program is a five-year program, $25 million commitment to making the lives of children with disabilities easier (CVS Caremark). The program’s main goal is to raise awareness for the obstacles that kids with disabilities face, including medical rehabilitation (CVS Caremark). It provides support for non-profit organizations and local communities that focus on children with disabilities to help them in three main areas: learn, play and succeed in life (CVS Caremark). Some of the organizations partnering up with the CVS Caremark program to help children with disabilities include Easter Seals, Boundless Playgrounds, Meeting Street, and VSA arts (CVS Caremark). The National Center for Boundless Playgrounds is an organization that focuses on establishing playgrounds where kids, with and without disabilities, can play side-by-side (CVS Caremark). CVS Caremark program is going to give Boundless Playgrounds $1.1 million to help the cause (CVS Caremark). The other organization, Meeting Street School, is known for their dedication to helping kids with all abilities (CVS Caremark). This includes being a pioneer in education, early intervention, childhood development and related clinical services (CVS Caremark). Easter Seals is an organization that has received recognition as the nation’s premiere resource and nonprofit health care provider for people with disabilities (CVS Caremark). Easter Seals has over 550 million service sites across the country and focuses on medical rehabilitation, childcare, camping and recreation, job training and employment, as well as adult day services (CVS Caremark). VSA arts is one of CVS’s newest partners in the CVS Caremark All Kids Can program (CVS Caremark). This organization is a national nonprofit organization dedicated to helping people with disabilities learn through, participating in and enjoying the arts (CVS Caremark).
Another thing CVS is doing to uphold their reputation in social responsibility is becoming involved in Earth Day. In honor of Earth Day, CVS is donating five cents to the World Wildlife Fund for every GreenBag Tag sold in their store and GreenBag Tag holders are rewarded if they decline plastic shopping bags (PRNewswire). They are starting this April 1st to support the WWF in helping protect the future of nature around the world (PRNewswire). The GreenBag Tag is a leaf-shaped tag that is made up of recycled materials and it is only 99 cents to purchase (PRNewswire). This encourages CVS's ExtraCare cardholders to use recycled bags or no bags at all when carrying out items bought at CVS (PRNewswire).
All of these programs help establish CVS’s business. Having a part in bettering communities and other social responsibilities will allow for a better world and future. It is important for established businesses to realize that they have a part in corporate social responsibility.
Work Cited:
Christal, Nancy. CVS Caremark Releases Company’s First Corporate Social
Responsibility Report. Woonsocket, RI (May 6, 2008). Retrieved from: http://info.cvscaremark.com/newsroom/press-releases/cvs-caremark-releases-company%E2%80%99s-first-corporate-social-responsibility-report
CVS Caremark. CVS/Pharmacy. Date Retrieved: April 26, 2010. Retrieved from:
http://info.cvscaremark.com/community/our-impact
Werhane, H. Patricia. Corporate Social Responsibility/Corporate Moral Responsibility.
Is there a Difference and the Difference it Makes. Retrieved from:
http://books.google.com/books?hl=en&lr=&id=wrDJpCuodNwC&oi=fnd&pg=PA459&dq=corporate+social+responsibility%2BCVS&ots=59ZnqUI1Ya&sig=BYN0EVds_Ua0Qzmo1RBXWhZzVfM#v=onepage&q=corporate%20social%20responsibility%2BCVS&f=false
Woonsocket, R.I. PRNewswire. CVS/pharmacy To Support World Wildlife Fund with
Sales of GreenBagTag. (March 29, 2010). Retrieved from:
http://multivu.prnewswire.com/mnr/cvs-green-bag-tag/41563/
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