Saw this article on twitter today [Fairphone takes €7m investment call] and saw that FP had taken a loan with ABN AMRO and the Dutch Good Growth Fund. It made me wonder, with which bank does FP, as a company, run its day to day business?
I don’t really know anything about ABN AMRO or the wider sector in the Netherlands, but I think it’s an important question given FP values.
Assuming, for the sake of argument, that FP is a client of ABN AMRO for all their day-to-day stuff (accepting and making payments, payroll, etc.). What other sorts of businsesses does ABN AMRO invest in? Fossil fuels? weapons? Monsanto? If so, I would argue that FP should NOT be a client of theirs. There are alternatives.
I live in the UK, where I’ve been a client with Triodos for a number of years, and have found that they are incredibly ethical. They are actually a Dutch bank.
This question also leads me to wonder which company provides energy to Fairphone HQ? Is it 100% renewable? Question for perhaps another thread.
Comments from any Dutch on here would be much appreciated!