The problem
Certain minerals (including tin, tantalum, tungsten and gold) are linked with funding killing, violence, rape, and other human rights abuses in the Democratic Republic of Congo and other conflict zones. These minerals can enter multinational company supply chains, and are used in consumer products such as laptops, mobile phones and cars. Companies can take a number of actions to ensure responsible sourcing of minerals, including through their direct mining practices (if they are in the mining industry); compliance with regulations on conflict minerals (such as the Dodd-Frank Conflict Minerals rules); and engagement with their supply chain on sourcing of minerals, including their level of diligence performed in assessing partners' mineral sourcing
How companies are rated
Ethos is using 79,230 unique data points since 2017 to rate companies, stocks and funds on conflict-free mineral production, including from these metrics:
Financial performance
r =
Company ratings 1-yr return
Top 10 for conflict-free mineral production
Top 50 for conflict-free mineral production
S&P 500 Index
Bottom 50 for conflict-free mineral production
Bottom 10 for conflict-free mineral production
Conflict-free mineral production 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
Conflict minerals
conflict diamonds
UN Sustainable Development Goal 12