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
The following document contains the Health Care sector’s provisional standards produced via the standards development process.
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.
Health Care Issues Table
The following table provides an overview of the 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 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.
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.
Sector Process Materials
Industry Working Group Due Process Report
Prepared by SASB, this report outlines the industry working group process, including recruiting processes, composition of members, industry working group feedback, and how SASB addressed the input of the industry working group.
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 Comment 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
Industry Specific Standards are available here.