CVS Well being® has introduced two agreements totaling 264,000 megawatt hours Constellation to buy zero-emission, renewable power equal to the annual electrical energy consumption of almost 1,000 CVS Well being areas in California, Washington, DC, Delaware, Maryland and New Jersey.
“Investing in our planet and folks’s well being are linked” stated Sheryl Burke, Chief Sustainability Officer and SVP Company Social Duty at CVS Well being. “As our world continues to evolve, the sustainability investments we make now will change into more and more essential to create a more healthy future for the communities we serve.”
CVS Well being will buy power and renewable power certificates (RECs) by way of two separate long-term agreements with Constellation. These offers are made potential by Constellation’s long-term agreements with photo voltaic initiatives in California and Maryland. CVS Well being will obtain roughly 264,000 megawatt hours of power per 12 months by way of the retail settlement with Constellation, with that power supplemented by Inexperienced-e® Vitality Licensed RECs sourced from different renewable amenities within the US.
“CVS Well being stays a frontrunner in supporting newly put in renewable sources and steadfast in its path to embracing sustainable power.stated Jim McHugh, Chief Business Officer at Constellation. “We’re excited to as soon as once more associate with CVS Well being to offer options for a carbon-free future.“
Supporting the event of sustainable power initiatives is an integral a part of CVS Well being’s ongoing efforts to spend money on initiatives and applications targeted on bettering world well being and addressing the environmental components that contribute to well being inequities . To make a significant affect on local weather change, the corporate focuses on decreasing the carbon footprint of its direct operations and provide chain by rising power effectivity, implementing water conservation applications, eliminating waste and decreasing gas consumption .
Associated article: CVS Well being enters into settlement with Constellation to buy renewable power
CVS Well being has now made 5 renewable power investments since 2022. These two new investments at Constellation, the corporate two agreec ements introduced in 2023 and the first investment Vitality manufacturing in 2022 represents greater than 500,000 MWh of fresh, renewable power. This can be a good portion of the two.2 million MWh of power utilized by CVS Well being in 2022. These are essential milestones as CVS Well being continues to work towards sourcing 50% renewable power by 2040.