Healthand wellbeing are the basis for a healthySociety and ensuring a good quality of life at all ages.

Health is enhanced through a network of health professionals, hospitals, fed by fundamental and applied research units on life sciences and biotechnology.

It also includes a critical analysis of the toxic and/or addictive factors that lead the population into excesses - alcohol, tobacco, gambling addictions, recreational drugs, etc. - and of the factors that can lead to addiction.

In addition, the quality of life is improved through dedicated wellness services (spas, thermal baths, dedicated products), accessible to all ages, with the aim of prolonging life, psychological and physical health, and external appearance.

Mutual funds are looking for entrepreneurial projects developed around the new themes of Society :

- to accompany the demographic themes, they look for the 'status symbols' of each emerging generation (Gen X, Z, Millenials), who are very attracted to welfare issues.
For the older population, given their high potential standard of living, they are looking for projects in the field of pharmacology - life sciences, to promote the treatment of age-related chronic diseases, as well as real estate projects (residences for the elderly) or wellness-related projects (spas, thermal baths, cruises).

An important sustainability issue is access to quality hospital services for all sections of the population, especially in countries where public assistance is limited.
We must also add all the issues of hospital equipment and research materials for rare or new diseases (COVID 19 epidemic), which bring with them the need to rethink hospital structures.

Sustainable investors therefore use different management strategies:
The Exclusion Approach: Most funds address the issue through the exclusion of Society that are linked to the tobacco,alcohol or recreational drug industries, and some intervene to disqualify Society that work on the development of GMOs.
Thematic approach: there are more and more thematic funds linked to certain segments of the population (ageing, Millenials), or certain activities directly related to wellbeing, personal care and human life. The established sector of pharmaceutical / biotechnology companies is also mentioned, to which conditions are added(international standards, bioethics, etc.).

We use 66 criteria to determine the relevance of health and well-being for mutual funds in our universe: there is a clear preponderance of Screening carried out by Society management that results mainly in the exclusionary approach (first among them exclusions concerning the tobacco and alcohol sectors).

Defining key indicators that can measure the negative contribution of an economic sector to health and well-being is a key step in educating citizens about responsibility, who, by making their own choices freely, are more aware of the possible negative consequences of their actions.

Yet in this case, the European Union has not felt the need to establish any framework in terms of negative health impact indicators. Although the negative effects of tobacco and alcohol, gambling addiction, and the link between drugs and crime are widely documented, there are no negative impact indicators monitored at the common fund level.