This morning’s biggest CSR news comes via the country’s largest pharmacy chain. As announced in this press release, CVS Caremark will stop selling all tobacco products at its more than 6,000 U.S. locations on October 1st, 2014.
The change comes in the wake of a January surgeon general’s report, which arrived exactly 50 years after the first and tied smoking even more directly to diseases like diabetes, colon cancer and erectile dysfunction (eek). The company spun it as a way of aligning its services and interests, which include public health—nice copy on the tagline, BTW. Here’s the key quote from CEO Larry J. Merlo:
”Ending the sale of cigarettes and tobacco products at CVS/pharmacy is the right thing for us to do for our customers and our company to help people on their path to better health. Put simply, the sale of tobacco products is inconsistent with our purpose.”
This is a very smart move for several reasons.