Every now and then, a company takes a bold step, walking away from a profitable line of business because it doesn’t align with their mission. Retail pharmacy chain CVS took such a step last year when it decided to stop selling tobacco products. I asked Eileen Howard Boone, SVP of corporate social responsibility and philanthropy at CVS, to help us to better understand the thinking behind this decision.
"Consider the statistics: 480,000 people die each year from tobacco-related illness; 42 million American adults and 3 million middle- and high-school students continue to smoke," Boone told us. She went on to say that contributing to these shocking statistics clearly conflicts with the company's purpose of "helping people on their path to better health." Moreover, it poses "a significant threat to public health."
While she said there were many factors the company considered in making the decision, “in the end, it was just the right thing to do for the health of our colleagues and our customers."
Boone calls the move as an investment. "This was a long-term decision that our board, our senior leaders and our stakeholders all agreed was in line with where we expect to be as a health care company in the future."
Clearly the company is positioning itself in line with perceived opportunities. This includes the aging demographic, the continuous parade of medical advances, the increasing cost and complexity of the health care delivery system, and growing health consciousness among consumers.
"Now more than ever, pharmacies are on the front line of health care, becoming more involved in chronic disease management to help patients with high blood pressure, high cholesterol and diabetes," Boone said.
"All of these conditions are worsened by tobacco use. As a pharmacy innovation company, we have the unique capability of aligning our 26,000 CVS/pharmacy pharmacists, our leading Pharmacy Benefits Management services, and our nurse practitioners at nearly 1,000 MinuteClinics to help people lead tobacco-free lives and manage their health."
The program appears to be gaining traction. From its launch on Sept. 3, 2014, through December 2014, CVS pharmacists counseled more than 67,000 patients filling a first prescription for a smoking cessation drug or prescription nicotine replacement therapy (NRT), and consulted with thousands more smokers seeking advice about over-the-counter NRT products. In addition, prescriptions for smoking cessation medications and visits to MinuteClinic for smoking cessation counseling increased on a monthly basis from the prior eight months. Purchases of over-the-counter NRT products that assist smokers trying to quit increased by 21 percent in that timeframe compared to the previous four months. And, customers picked up 2.3 million tobacco cessation brochures at CVS/pharmacy and thousands of “Last Pack” encouragement toolkits, reaching millions of additional smokers with education, information and support.
The company has taken its fight against tobacco beyond its stores as well. CVS Health Foundation recently launched a five-year, $5 million commitment to the Campaign for Tobacco-Free Kids for a new "Making the Next Generation Tobacco-Free" grant program.
Through the program, the CVS Health Foundation is partnering with Tobacco-Free Kids to provide grants to organizations across the country that are committed to implementing public health strategies to reduce youth tobacco use and exposure to secondhand smoke. Grants will support programs that help to reduce youth tobacco use, especially among at-risk populations, educate the public about the problem of and solutions to youth tobacco use in local communities, and increase youth engagement in tobacco prevention activities.
RP Siegel (1952-2021), was an author and inventor who shined a powerful light on numerous environmental and technological topics. His work appeared in TriplePundit, GreenBiz, Justmeans, CSRWire, Sustainable Brands, Grist, Strategy+Business, Mechanical Engineering, Design News, PolicyInnovations, Social Earth, Environmental Science, 3BL Media, ThomasNet, Huffington Post, Eniday, and engineering.com among others . He was the co-author, with Roger Saillant, of Vapor Trails, an adventure novel that shows climate change from a human perspective. RP was a professional engineer - a prolific inventor with 53 patents and President of Rain Mountain LLC a an independent product development group. RP was the winner of the 2015 Abu Dhabi Sustainability Week blogging competition. RP passed away on September 30, 2021. We here at TriplePundit will always be grateful for his insight, wit and hard work.