Worldwide Healthcare Trust Plc.
WWH.LSE | Trusts, funds and similar financial entities
Worldwide Healthcare Trust PLC is a United Kingdom-based investment trust. The Company's objective is to provide shareholders with a high level of capital growth by investing in companies in the healthcare, pharmaceutical and biotechnology sectors worldwide. It invests in a portfolio of quoted and u...Show More
Better Health for All
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Worldwide Healthcare Trust Plc is an investment trust whose entire business is devoted to investing in the healthcare, pharmaceutical, and biotechnology sectors, reflecting a commitment to supporting accessible medical treatments and preventative healthcare solutions. Its entire capital allocation is aimed at improving health outcomes and accessibility. The trust maintains a strategic overweight position in biotechnology, with 28.5% of its portfolio allocated to emerging biotech companies at the forefront of medical innovation.
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The company's responsible investing policy includes exclusions for potential investments in companies involved in tobacco or e-cigarettes, and those causing severe environmental damage, thereby implementing addiction safeguards and mitigating negative health externalities from its investment portfolio.
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As an externally managed investment trust, its direct operations have minimal environmental impact and do not involve direct product safety, pricing, or service delivery to populations.
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Fair Money & Economic Opportunity
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Worldwide Healthcare Trust Plc is an investment trust focused on investing in the healthcare, pharmaceutical, and biotechnology sectors
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. The company does not directly engage in financial services such as lending, insuring, moving, or storing money for consumers, which are the activities assessed by the 'Fair Money & Economic Opportunity' value
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. Therefore, all KPIs related to consumer financial products and services are not applicable.
Fair Pay & Worker Respect
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Worldwide Healthcare Trust PLC is an investment trust with a small direct workforce of 1-10 employees and no direct operational facilities, outsourcing its functions to third-party service providers.
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Consequently, metrics related to direct employee practices such as living wage coverage, CEO to median pay ratio, collective bargaining, safety incidents, pay equity, worker engagement, turnover rate, insecure contracts, and health insurance coverage are not applicable to its own operations. There is no public record of labor-law breaches for the company itself.
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The company's Portfolio Manager does have a Responsible Investing Policy that excludes investments in companies involved in child or forced labor, and engages with investee companies on ESG matters.
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Fair Trade & Ethical Sourcing
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Worldwide Healthcare Trust PLC is an investment trust that does not directly engage in material sourcing or have a traditional supply chain.
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Consequently, all KPIs related to direct fair trade practices, ethical sourcing, audits, traceability, remediation, ethical clauses, material risk, and supplier diversity are not applicable to its direct operations. While its portfolio manager, OrbiMed, considers ESG factors, including social issues, during the investment process to indirectly promote ethical sourcing within portfolio companies, this does not constitute direct engagement by the trust itself.
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Honest & Fair Business
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Worldwide Healthcare Trust PLC has adopted a comprehensive Anti-Bribery and Corruption Policy, maintaining a zero-tolerance approach to bribery, tax evasion, and corruption.
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This policy explicitly prohibits directors and associated persons from engaging in any improper payments, whether public or private, in the UK or abroad.
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The policy is regularly reviewed by the Audit Committee.
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The company demonstrates compliance with the Criminal Finances Act 2017 to prevent tax evasion.
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Kind to Animals
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Worldwide Healthcare Trust PLC, as an investment trust, does not have a direct animal welfare policy, and its ESG policy does not explicitly address animal welfare
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. However, the company relies on ethical investment principles to support alternatives to animal testing and humane treatment within its portfolios
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. The Portfolio Manager engages with investee companies on social, community, and environmental matters
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, which suggests an indirect influence on promoting ethical practices, including those related to animal welfare
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. Additionally, OrbiMed conducts negative screening of potential sectors or companies that may harm public health or wellbeing
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.
No War, No Weapons
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Worldwide Healthcare Trust PLC, an investment trust focused on the healthcare sector, explicitly states it has no specific policy against military contracts or involvement in peace-building
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. This indicates a lack of codified ethical red lines, a conflict divestment policy, and board oversight regarding defense-related investments. The Trust's position on conflict involvement is neutral due to the lack of direct information on military-related activities
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, meaning it cannot demonstrate zero exposure to controversial weapons. Consequently, there is no evidence of investment in peace-building initiatives, no annual review process for partners with conflict-related risks, no defense-related assets have been divested, and no compliance with defined ethical boundaries concerning military involvement. The company's core business is investing in healthcare, not defense, so its own revenue is not derived from arms contracts.
Planet-Friendly Business
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Worldwide Healthcare Trust PLC is an investment trust with no direct employees or physical operations, resulting in a minimal direct environmental impact. The Trust reports no direct greenhouse gas emissions
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and consumed less than 40,000 kWh of energy during the reporting year, which exempts it from certain disclosure requirements.
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While it acknowledges TCFD recommendations,
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it is exempt from reporting against the framework due to its structure.
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The Trust's commitment to planet-friendly business practices is primarily demonstrated through its responsible investment policies. These policies integrate ESG factors, including sector-specific guidance from SASB
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and alignment with UN PRI.
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The Trust employs negative screening to exclude companies involved in severe environmental damage
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and actively engages with investee companies on their ESG performance and environmental policies.
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Respect for Cultures & Communities
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Worldwide Healthcare Trust PLC is an investment trust whose direct operations have minimal environmental or social impact and no direct cultural engagement.
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Its business model does not involve activities that would necessitate formal partnerships with community groups, cultural impact assessments, FPIC processes, cultural site protection, or a social license to operate.
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The company also lacks specific policies related to indigenous rights or cultural respect.
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Therefore, these KPIs are not applicable to its direct operations.
Safe & Smart Tech
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No specific, concrete evidence was found in the provided article to assess Worldwide Healthcare Trust PLC against any of the 'Safe & Smart Tech' KPIs. The article primarily discusses the company's ESG policy and engagement with investee companies on ESG matters, and its oversight of service providers, rather than its own direct performance or specific practices related to data protection, cybersecurity, or AI ethics for its own operations. The company explicitly states it does not directly develop or deploy technology.
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Zero Waste & Sustainable Products
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Worldwide Healthcare Trust PLC is an investment trust and does not directly engage in manufacturing or product development, nor does it directly produce waste streams relevant to the 'Zero Waste & Sustainable Products' KPIs
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. The provided articles confirm that the company's structure limits its direct involvement in such initiatives, as it operates with outsourced functions and lacks specific environmental policies
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. Consequently, there is no direct evidence to assess its performance against any of the specified KPIs, which are primarily focused on product-producing companies and their operational waste management
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. The fact that the company's report is printed on 100% recycled paper does not pertain to its 'products' as defined by the rubric's KPIs
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.