Company: ELV
Filing Date: 2025-03-28
Form Type: DEF 14A
Source: 0001156039-25-000046
Chunk: 20

Company: Elevance Health, Inc.
Filing Date: 2025-03-28
Form: DEF 14A
Chunk 20
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 environment where all associates have the opportunity to succeed |     | Focus on the future well-being of the world around us |

#### Annual Impact Report
Our annual Impact Report provides information on the positive impact we make on our consumers, communities, associates and the environment. This report is prepared in accordance with the Sustainability Accounting Standards Board (“SASB”) and Task Force for Climate-Related Financial Disclosures (“TCFD”) frameworks, and is available at https://ir.elevancehealth.com/annual-reports/ . Our Governance Committee monitors our corporate social responsibility and environmental sustainability initiatives and performance.

#### UN Global Compact
Elevance Health is a signatory to the United Nations Global Compact, the world’s largest corporate sustainability initiative and a call to companies to align with universal principles on human rights, labor, environment and anti-corruption, and take actions that advance societal roles. We focus our corporate responsibility strategy on advancing the United Nations Sustainable Development Goals that we believe offer us the greatest opportunity for impact given their relevance to our business.

| Our Consumers |

We are focused on whole person care and are committed to creating a simpler, more accessible, more affordable and more equitable healthcare experience for our consumers. We advance innovative solutions that improve the everyday lives of our diverse consumer population.

| 66%of our healthcare spend in 2024 was invalue-based carearrangements, over half of which was attributable to down-side risk arrangements |     | We are proud tolead the industryinNCQA Health Equity Accreditation Plus accreditationsfor our Medicaid plans |     | Sydney Health, our digital engagement platform, has over18 million registered users |

#### Improve Quality and Affordability of Healthcare
We continue to partner with healthcare providers to improve the quality and affordability of healthcare through value-based care models, with 66% of our 2024 healthcare spend tied to value-based care arrangements, over half of which (37% of spend) was attributable to down-side risk arrangements, where providers take on a portion of the financial risk if the costs of delivering care exceed agreed-upon targets . This model incentivizes providers to deliver high-quality, cost-effective care, aligning their financial outcomes with the health outcomes of our members. We are also focused on increasing the

#### 2025 Proxy Statement25

#### Corporate Governance
percentage of our consumers seeing a high-performing primary care provider to ensure strong cost and quality performance. At the end of 2024, we saw a 1.9% year-over-year improvement in consumers attributed to high-performing providers.