Health Care

SASB’s provisional standards for the health care sector were developed via a multi-stakeholder process consisting of research supported by Bloomberg technology, data and analytical tools; balanced, multi-stakeholder industry working groups; and a public comment period; and review by an independent Standards Council comprised 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. To download the standards, please visit here. To visit our helpdesk, please visit here. For access to research underlying the standards, please visit here.

 

List of Industry Working Group Participants

This list contains the names of all the Health Care IWG participants that publicly participated. These participants were contributing to the IWG as individuals, and not as members of their present or past companies.

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Example of Integrated Disclosure in Form 10-K

The following is a mock excerpt from a Form 10-K 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 envisions for its standards; it is not intended to provide a template for companies to follow. This is a working document on which SASB is actively soliciting feedback on the content, scope, and presentation format of disclosure to SASB Standards.

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Health Care Issues Table

The following table provides an overview of the material sustainability issues for the six industries in the health care sector.

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Health Care Industry Briefs

SASB’s Industry Briefs provide an industry-specific context for the organization’s accounting standards. The briefs describe each sustainability topic and outline the evidence of materiality and 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.

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Sector Process Materials

 

Industry Working Group Due Process Report

This report provides an in-depth look at the Industry Working Group process for the Health Care Sector. It delves into the recruitment process, the composition of the working groups, and the results of the results that came out of the entire process.

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Standards Council Process Review

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Standards Outcome Report

This report documents the changes made to SASB’s Health Care Standards throughout the standards development process. These changes have been made in response to feedback from the Industry Working Groups, the comments received during the Public Comment Period, and the recommendations from the process review conducted by the SASB Standards Council.

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Standards Council Outcome Review

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Industries

 

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.

Biotechnology

    • Amgen Inc.
    • Gilead Sciences Inc.
    • Biogen Idec Inc.
    • Celgene Corp.
    • Vertex Pharmaceuticals Inc.

Pharmaceuticals

    • Pfizer Inc.
    • Merck & Co. Inc.
    • Abbot Laboratories
    • Johnson & Johnson
    • Eli Lilly & Co.

Medical Equipment & Supplies

    • Johnson & Johnson
    • General Electric
    • Medtronic
    • Thermo Fisher
    • Abbot Labs

Health Care Delivery

    • HCA Holdings
    • Community Health
    • Tenet Healthcare
    • Universal Health
    • Davita

Health Care Distributors

    • McKesson Corp
    • Cardinal Health
    • Amerisourcebergen
    • CVS Caremaker
    • Express Scripts

Managed Care

    • United Health
    • Wellpoint
    • Humana
    • Aetna
    • Cigna

 

 

Industry Specific Standards are available here.