To help accelerate the transition towards a more sustainable smartphone industry, ABN AMRO Sustainable Impact Fund (ABN AMRO SIF) is investing in Fairphone, which looks to make a positive impact by producing sustainable electronics. Its ambition to create sustainable and modular products from fair materials perfectly matches ABN AMRO SIF’s own mission to invest in companies that accelerate the transition to a sustainable and inclusive society.
Fairphone takes a sustainable approach to manufacturing and using smartphones. The plastic exterior is made of 100% recycled material, for instance, while users can repair or upgrade their Fairphones themselves with separate parts. Its modular design makes for a longer-life smartphone, reducing e-waste and carbon emissions. This is what sets Fairphone apart from other smartphone makers and creates great expectations for the company’s future.
To date, Fairphone has raised a total €49 million in new capital investment from ABN AMRO Sustainable Impact Fund, the Dutch government’s investment fund Invest-NL, Swiss impact investor Quadia and a number of other investors. Fairphone aims to use this investment to further grow as an impact maker in the smartphone industry.
ABN AMRO Sustainable Impact Fund (ABN AMRO SIF) invests in impact-driven companies seeking both social and financial returns. The focus of the fund is on companies accelerating the transition to a sustainable and inclusive society. ABN AMRO’s new Sustainable Impact Fund has a commitment of €500 million.