Photo: Fairphone/Closing The Loop (Flickr cc)

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.

Photo: Fairphone/Closing The Loop (Flickr cc)

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.