ESG in healthcare: Why you need to put impact above ratings

Healthcare is one of the most critical sectors to invest in for global wellbeing, but healthcare companies are subject to a fair few ESG controversies, often instigated by ESG rating agencies.  Rating agencies do a valuable job but there are also problems with using the ratings from an investor's perspective. Agencies' ratings are not uniform due to the different methodologies and KPIs used. The level of transparency and detail of reporting can vary a lot between companies, limiting comparability. Furthermore, most rating agencies leave aside the critical question of impact: how compa...