Better Health for All

Sphere 3D Corp.'s primary business is Bitcoin mining.

A Harvard study found that U.S. Bitcoin mining significantly increases air pollution, exposing 1.9 million Americans to higher levels of PM2.5, which is linked to diseases such as cancer, heart disease, and dementia. This electricity-intensive activity, primarily powered by fossil fuels, also contributes to air, water, and noise pollution, harming communities. Given that Bitcoin mining is the company's core business, 100% of its revenue is derived from an activity with scientifically established serious health harms. The company's operations expose 1.9 million Americans to higher PM2.5 levels, indicating that less than 5% of vulnerable populations have equitable access to a healthy environment due to its activities.

Fair Pay & Worker Respect

Sphere 3D Corp. had 4 employees as of December 31, 2024, and 5 employees as of December 31, 2023.

Due to this small workforce headcount, turnover rate is considered not applicable. No specific regulatory actions, violations, fines, or compliance issues related to fair pay or worker respect are mentioned in the provided articles.

Fair Trade & Ethical Sourcing

The company conducts and reports annually on supply chain due diligence for conflict minerals.

Despite this, the company cannot conclusively determine the countries of origin of conflict minerals in its products, and its supply chain for these materials remains 'DRC conflict undeterminable' due to challenges in tracing a multi-tier supply chain and incomplete supplier information. This indicates a lack of traceability for these materials. The company adopted a Conflict Mineral Policy and has a Supplier Code of Conduct outlining expectations for ethical conduct from suppliers, but there is no evidence of the percentage of supplier contracts that include enforceable ethical-sourcing clauses. The company procures disk drives and chassis, which are components that can contain high-risk materials like conflict minerals, and while it conducts due diligence, it cannot determine origin, indicating a significant portion of spend on high-risk materials without full mitigation. The company sponsored a SPAC (Minority Equality Opportunities Acquisition Inc.) in April 2021, whose purpose is to focus initially on transactions with minority-owned businesses, but there is no evidence of a specific percentage of the procurement budget directed to diverse suppliers.

Honest & Fair Business

The provided article outlines Sphere 3D's corporate governance policies, emphasizing honesty, integrity, and compliance.

However, it explicitly states that no specific quantitative data or metrics relevant to any of the 'Honest & Fair Business' KPIs were found. This includes regulatory fines, transparency index scores, whistleblower policy statistics, financial restatements, audit coverage, ESG controversy scores, complaint resolution times, board conflict-free percentages, anti-corruption policy details, or third-party verification of ethical claims. The document focuses on describing policies and procedures rather than reporting on performance metrics.

Kind to Animals

Sphere 3D Corp. is a data storage and management company. Its business model does not involve activities typically associated with animal welfare concerns, such as animal testing, animal-derived products, animal agriculture, or direct impact on wildlife habitats. According to one article, Sphere 3D Corp. is listed as having 'No Animal Exploitation'.

Given the nature of its service-oriented business, all KPIs related to animal welfare are deemed not applicable.

No War, No Weapons

The provided article details Sphere 3D's general corporate governance, including board structure, independent committees, and ethical policies like a Code of Business Conduct and Ethics.

However, it explicitly states that no quantitative data or information relevant to 'No War, No Weapons' KPIs, such as arms sales, defense contracts, dual-use technologies, peacebuilding investments, or conflict divestment, is provided. Therefore, no KPIs can be scored based on the evidence.

Planet-Friendly Business

The company's fiscal year 2022 and 2024 summaries explicitly state that no regulatory actions, violations, fines, or compliance issues were mentioned.

This indicates zero reported environmental compliance violations.

Respect for Cultures & Communities

The provided articles do not contain specific, concrete data points or evidence pertaining to Sphere 3D Corp.'s performance against any of the Key Performance Indicators for the 'Respect for Cultures & Communities' ethical value. One article discusses a SPAC sponsored by Sphere 3D, but explicitly states it does not provide data on Sphere 3D's own community engagement or cultural sensitivity practices.

The other article focuses on a legal investigation into potential securities fraud and does not contain information relevant to community or cultural impact.

Safe & Smart Tech

Sphere 3D Corp. invested $2.5 million in nascent cybersecurity technologies R&D.

With a reported revenue of $16.6 million in 2024, this investment represents approximately 15.06% of its revenue. The company also engages a third-party cybersecurity vendor.