A Dutch Good Growth Fund (DGGF) guarantee for a 9-million euro ABN AMRO loan will help Dutch smartphone manufacturer Fairphone motivate the electronics industry to adopt responsible and transparent production methods in its supply chain. In doing so, the Dutch social enterprise strives to put an end to child labour and improve working conditions in mines for the minerals used in smartphones.
On 21 December 2018, Eva Gouwens (CEO Fairphone) and Tjerk Opmeer (Managing Director of International Programmes at the Netherlands Enterprise Agency, RVO.nl) signed the guarantee agreement. The guarantee will support the development of a new generation of modular smartphones leading the way to the manufacture of a circular product in the smartphone industry.
The company's projects have already had a direct positive impact on the lives of 3,000 workers in the Democratic Republic of Congo and Uganda, and have benefitted 12,000 people indirectly if you include their families. Fairphone's activities help boost the local economy in the countries it sources its raw materials and improve local labour forces through training and access to technology.
In 2013 Fairphone launched its first smartphone to change they way the raw materials are mined by developing a smartphone using conflict-free minerals. The company has evolved and is now launching an initiative to lead the smartphone industry towards a more sustainable and fair product.
Read the full article Thanks to DGGF Fairphone is striving to change the electronics industry from within.