5.06.2008 - 09:00am ET

(CSRwire) WOONSOCKET, RI – May 6, 2008 - CVS Caremark (NYSE: CVS), the largest pharmacy health care provider in the U.S., has released its first Corporate Social Responsibility (CSR) report, which is available online. The report covers a wide range of matters, including prescription safety, customer privacy, environmental management, and the safety of its products such as personal care items.

In the report, the company also explains what it is doing to build on its long-standing commitments to provide exceptional customer service throughout its enterprise, create a great workplace environment, instill strong corporate governance practices and make a positive difference in local communities, and in particular among children with disabilities.

The decision to include certain topics in the report was partly informed by the Global Reporting Initiative guidelines, but also by conducting an issues assessment, a process that helped to identify the most material issues of importance to CVS Caremark and to its various stakeholder groups.

"Publishing our first CSR Report has been a thorough and comprehensive endeavor that encompassed virtually every department across our broad organization. In many ways it has helped us gain a further understanding of the issues that matter most to our customers, stockholders, local communities, and other stakeholders," said Tom Ryan, Chairman, President and Chief Executive Officer of CVS Caremark. "And in turn, we hope our report will provide our stakeholders – including our employees - with a deeper appreciation of how our mission and core values are rooted in our commitment to corporate social responsibility."

Data presented in the report is from 2007 and will serve as baseline for future reports. In some instances, this baseline data covers the entire enterprise; in other cases the data pertains just to CVS/pharmacy operations. Data from 2007 was provided rather than multiple years, as is generally preferred for CSR reports, because of the timing of the merger between CVS and Caremark, which was finalized in mid-2007. The intent going forward is to establish companywide metrics, especially for environmental indicators, and report data for the entire enterprise.

A copy of the CVS Caremark Corporate Social Responsibility report is available at http://www.csrwire.com/reports/company-issued/641.html.

About CVS Caremark

CVS Caremark is the largest provider of prescriptions in the nation. The Company fills or manages more than 1 billion prescriptions annually. Through its unmatched breadth of service offerings, CVS Caremark is transforming the delivery of health care services in the U.S. The Company is uniquely positioned to effectively manage costs and improve health care outcomes through its 6,300 CVS/pharmacy stores; its pharmacy benefit management, mail order and specialty pharmacy division, Caremark Pharmacy Services; its retail-based health clinic subsidiary, MinuteClinic; and its online pharmacy, CVS.com. General information about CVS Caremark is available through the Investor Relations portion of the Company's website, at http://investor.cvs.com, as well as through the pressroom portion of the Company's website, at http://www.cvs.com/pressroom.

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