At CVS Health, we are committed to building an environment of inclusion and acceptance that values diversity across all areas of our business.
Supplier Diversity is a proactive business process that includes and manages the purchase of products and services from diverse businesses and diverse-owned independent retail pharmacies while adding value in the delivery of expert care and innovative solutions in pharmacy and health care that are effective and easy for our customers and communities.
It is CVS Health’s intent to include diverse suppliers in the competitive bidding process if diverse suppliers are available that have the capability to support the capacity and quality requirements for the product(s) or service(s) included in the competitive bid process, and are pre-certified in one or more of the diversity categories by a CVS Health recognized certification agency.
Becoming a Certified diverse supplier
- Shall mean any business located within the United States of America or US territory and that is:
- At least fifty-one percent (51%) unconditionally owned and operated by a person(s) who is either a citizen or lawful permanent resident of the United States or of a U.S. Territory
- Certified by a 3rd Party Certifying Agency recognized by CVS Health as a:
- Minority-Owned Business Enterprise (MBE)
- Woman-Owned Business Enterprise (WBE)
- Lesbian, Gay, Bisexual and/or Transgender Owned Business Enterprise (LGBTBE)
- Small Disadvantaged Business (DBE)
- Small Business Enterprise (SBE)
- Individual with Disabilities
- Veteran-Owned Business (VBE)
- Service-Disabled Veteran-Owned Business (DVBE)
- HUBZone Business
- Certification is a review process designed to ensure that a diverse business is actually 51% or more owned, controlled and operated by a minority and/or a women.**
- Certification audits are performed by a third‐party at the local or regional level
- Establishes consistent guidelines in authenticity determination
- Can be a tremendous asset to the supplier and adds credibility to the company
- Is the only way a corporation can be confident that a business representing itself as diverse, actually meets all the required criteria
- Is often required before a supplier can participate in a government or corporate supplier diversity program