Should schools be inspected on student wellbeing?

I've just been reading about how the The Education Policy Institute’s report into young people's mental health has suggested that child wellbeing should be considered in Ofsted inspections.

This is the second time such a recommendation has surfaced, and I wonder what teachers think. I know mental health has been a huge worry among teachers, but is this really the way to tackle it?

It feels punitive for the profession to me. Children are stressed for a number of reasons, but our high-stakes and examination heavy system is no small contributor. Maybe we need a more systemic change to improve child mental health? Maybe fewer tests and less pressure?

Or perhaps more resources for training and support so teachers can spot issues and there are support services ready and available when they do?

It would be great to hear your thoughts.