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Chapter 19: CVS: “Fired Up” about Social Responsibility: 19-6c Communities Book Title: Business Ethics: Ethical Decision Making and Cases Printed By: Kennisha Holloman ([email protected]) © 2019 Cengage Learning, Cengage Learning

19-6c Communities

CVS has grown its ethical culture to include not only the company’s functions but also the

communities around it. Community engagement and philanthropic endeavors, for example,

are long-standing commitments CVS has devoted time and resources toward developing.

Community partnerships have supported veteran hiring, scholarships to future pharmacists,

and engaged high school, college, and post-graduate students’ interest in science,

technology, engineering, and math (STEM) careers. CVS believes that by helping to further

advancements in providing the best health outcomes, it is investing in its current and future

workforce.

CVS donates millions of dollars to various organizations and builds strategic partnerships

with them to create an awareness of healthy behaviors and educate the community on ways

to become insured under the ACA. For instance, CVS has embarked upon a 5-year, $50

million initiative to fight against tobacco use. The company also offers free health

screenings and flu shots for the uninsured, prescription discount card programs, and other

community programs to supply individuals with the medications they need to maintain

health. The discount card program saves customers over 70 percent on medications,

resulting in millions of dollars in savings every year. Volunteerism is also supported by CVS,

as employees are encouraged to form groups and obtain sponsorship from the company to

address needs within the community. The amount of time that CVS employees volunteer for

their communities is valued at $1.3 million.

Chapter 19: CVS: “Fired Up” about Social Responsibility: 19-6c Communities Book Title: Business Ethics: Ethical Decision Making and Cases Printed By: Kennisha Holloman ([email protected]) © 2019 Cengage Learning, Cengage Learning

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