The problem
The development of new technologies and knowledge drives global economic growth and improves standards of living around the globe. Innovation in pharmaceutical drugs, energy sources, transportation, software, and many other areas saves lives and lifts people out of poverty. However, there is significant opportunity for more positive impact. Technology innovations are sometimes not accessible to the poor (such as with some pharmaceutical and medical innovations), face barriers to widespread adoption (such as with some energy innovations), or have a harmful impact on society (such as e-cigarette innovations). Corporations play a critical role in both creating technology innovations and ensuring they have a positive impact on society, including through economic growth and good jobs created, social and environmental problems addressed, and equitable access to new technologies
How companies are rated
Ethos is using 102,483 unique data points since 2017 to rate companies, stocks and funds on technology innovation, including from these metrics:
Financial performance
r =
Company ratings 1-yr return
Top 10 for technology innovation
Top 50 for technology innovation
S&P 500 Index
Bottom 50 for technology innovation
Bottom 10 for technology innovation
Technology innovation has a slight positive correlation (
) with financial returns, meaning companies that perform better in this impact area tend to perform slightly better financially
Data partners and sources
What this formula is about
UN Sustainable Development Goal 9