SASB’s provisional standards for the Health Care sector were developed through a rigorous evidence-based, multi-stakeholder process consisting of research supported by Bloomberg technology, data, and analytical tools; balanced, multi-stakeholder industry working groups; a public comment period; and review by an independent Standards Council composed of experts in standards development, securities law, environmental law, metrics, and accounting. As SASB is committed to a transparent and open standards-development process, this page contains documents related to the standards-development process for this sector.
Health Care Standards
SASB’s provisional sustainability accounting standards for the Health Care sector help public corporations disclose material, decision-useful information to investors.
Health Care Industry Briefs
SASB’s industry briefs provide an industry-specific context for the sustainability accounting standards. The briefs describe each SASB disclosure topic, outline the evidence behind it, and explain the link to corporate valuation. In addition, the briefs describe the regulatory trends that are likely to impact the link between sustainability and financial performance.
Health Care Issues Table
This table provides an overview of the SASB disclosure topics for the six industries in the Health Care sector.
Example of Integrated Disclosure in Form 10-K
The following is a mock excerpt from a Form 10-K filing for a Biotechnology company, “Bay-DNA Inc.,” that incorporates disclosure to the SASB Standard for Biotechnology into its Management’s Discussion and Analysis of Financial Condition and Results of Operations (MD&A). This document serves as an example of one type of disclosure SASB standards are designed to enable; it is not intended to provide a template for companies to follow. This is a working document on which SASB is actively soliciting feedback regarding the content, scope, and presentation.
Sector Process Materials
List of Industry Working Group Participants
This list contains the names of all the members of SASB’s Health Care industry working groups who participated publicly. These participants contributed to the IWGs as individuals, and not as representatives of their present or past companies.
Industry Working Group Due Process Report
Prepared by SASB, this report outlines the industry working group process, including recruiting processes, composition of members, IWG feedback, and how SASB addressed the input of the IWG.
Standards Council Process Review
Prepared by the Standards Council, this document reviews and comments on the findings of the Industry Working Group Due Process Report.
Standards Outcome Report
Prepared by SASB, this report documents the changes made to SASB’s standards throughout the standards development process, in response to evidence-based research, industry working group feedback, public comment periods, and recommendations from the process review conducted by the SASB Standards Council.
Standards Council Outcome Review
Prepared by the Standards Council, this document reviews and comments on the findings of the Standards Outcome Report.
Public Comment Period
Public Comment Version of Standards (All Industries)
Public Comments Received
Responses to Public Comment
To see how SASB addressed public comments for the Health Care sector, please refer to Appendix II of the Standards Outcome Report.
The industries listed below make up the Health Care Sector of SICS™. The companies listed below each industry are the top 5 companies by revenue, and are listed only to provide tangible examples of the types of companies in each industry.
- Amgen Inc.
- Gilead Sciences Inc.
- Biogen Idec Inc.
- Celgene Corp.
- Vertex Pharmaceuticals Inc.
- Pfizer Inc.
- Merck & Co. Inc.
- Abbot Laboratories
- Johnson & Johnson
- Eli Lilly & Co.
Medical Equipment & Supplies
- Johnson & Johnson
- General Electric
- Thermo Fisher
- Abbot Labs
Health Care Delivery
- HCA Holdings
- Community Health
- Tenet Healthcare
- Universal Health
Health Care Distributors
- McKesson Corp
- Cardinal Health
- CVS Caremaker
- Express Scripts
- United Health