This page is part of our public exclusion list — a transparency tool that shows which companies we screen out and why. It is not investment advice, and it is not an accusation. But it is subject to change as our understanding of the facts evolves.
Fortescue Metals Group operates its Solomon Hub iron ore mine on land over which Australia's High Court granted exclusive native title rights to the Yindjibarndi people in 2020, rejecting Fortescue's appeals. Since mining began in 2013, Fortescue has shipped iron ore reportedly valued at roughly $80 billion from the Solomon Hub, approximately 75% of whose 400-square-kilometre footprint sits on Yindjibarndi native title land. Archaeologists working for both Fortescue and the Yindjibarndi have documented the destruction of more than one hundred Aboriginal heritage sites. The Yindjibarndi Ngurra Aboriginal Corporation is suing for $1.8 billion in compensation, including $1 billion for cultural loss, $678 million for economic loss, and $3.4 million for destruction of specific sites. Fortescue has not paid the Yindjibarndi people a single cent despite the native title determination.
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Companies appear on our exclusion list based on our investment judgment — not because they've done anything illegal. This is a difference of values and opinion, not an accusation of wrongdoing. Exclusion does not constitute a recommendation against investing in any company, and absence from the list does not constitute a recommendation to invest.
This information is provided for educational and transparency purposes only and should not be relied upon as investment advice. Data is drawn from independent watchdogs, NGOs, government registries, and Ethical Capital's ongoing research — see Research Sources for the full list.
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