Footwear Start-up Allbirds unveils ESG approach during IPO. The company reported a net profit growth of more than 25% in the first six months of 2021, and a net loss for that period increased to $ 21.1 million. In the presentation, Allbirds said it hopes to help develop a framework for an initial public offering, “a process that a retailer has established with an advisory group to demonstrate that they meet environmental, social and corporate criteria (ESG). Allbirds said on Tuesday it has petitioned for a U.S. first sale of stock, as the fleece footwear creator hopes to take advantage of the developing worldwide interest and financial backer interest for maintainable items. Read more
The footwear company all set to the process with an advisory council hosted by sustainable business organization BSR.
ESG Chronicle Team2 years ago