KEY TAKEAWAYS:

• The Health Care Equipment & Services industry has a relatively large share of Prime companies (18%), mainly due to its product portfolio, which contributes to the solution of global health challenges.
• The majority of severe controversies in the Health Care Equipment & Services industry are related to high-profile cases of business malpractice, and customer and product responsibility issues.
• The Health Care Equipment & Service industry offers a range of products that contribute toward the social aspects of the Sustainable Development Goals; industry participants tend to lack a clear approach to address the environmental risks related to their products and operations, however.
• Investors should consider the impact of the COVID-19 pandemic on the Health Care Equipment & Services industry. As the industry is at the forefront of the response to the pandemic, certain sustainability challenges, such as business continuity and data security, have become more pronounced in a time when the continuous and secure delivery of health care is essential.
• Access to health care is a key risk for investors to monitor: underserved populations often lack access to the beneficial products and services that the Health Care Equipment & Services industry provides. The level of access to products and services impacts the sector’s absolute contribution to sustainable development.
• The Health Care Equipment & Services industry is a large producer of carbon emissions. Investors will need to focus on the industry’s approach to tackling the challenge of reducing their emissions in accordance with the Paris Agreement.