Fairphone will invest €6.5 million to make fair responsible electronics mainstream.They expect to upscale the production, expand it’s distribution network, continuing innovation and increasing its influence in the supply chain.
These investments enables them to continue innovation. As reported by sustainablebrands.com: “Scaling up production volumes will also allow Fairphone to increase its influence in the supply chain and unlock more opportunities to source fair materials, innovate on long-lasting design, negotiate for better working conditions and pioneer new business models for reuse and recycling.”
Fairphone sought out investors who aligned with its social and environmental ambitions: Pymwymic Impact Investing Cooperative and DOEN Participaties.
Read the full article.
