Login
Powered by
MOMENTUM
MEDIA
Powered by MOMENTUM MEDIA
Australian venture capital firm AirTree Ventures has been advised on its leading role in the Series A capital raise to fund the expansion of FairSupply’s environmental, social and governance (ESG) platform.
Firm: Lander & Rogers (AirTree)
Area: Venture capital
Value: $6.3 million capital raise
Key players: The Landers team was led by partner Jared Smith, who was supported by special counsel David Tink and senior associate Jennifer Goh.
Deal significance: Speaking about the investment, Mr Smith said that ESG is a high-growth market as regulators globally crack down on corporate greenwashing.
“Regulators, investors and customers are increasingly demanding greater transparency and reporting from companies in relation to ESG. The capital raise will support FairSupply to expand internationally at a critical juncture in the ESG movement,” he advised.
“We’re delighted to lead AirTree’s capital raise to help FairSupply to accelerate the world’s transition to sustainable supply chains.”
AirTree partner Jackie Vullinghs added that the “doctrine that a business’s only responsibility is to increase profits feels outdated in a world where the long-term environmental and societal impacts of unbridled capitalism cry out from news stories every day”.
“Many investors now demand companies report on their ESG impact; however, to do so, you need data, and it’s still extremely difficult to get objective data across a company’s supply chain,” she said.
However, Ms Vullinghs continued, this is changing.
“FairSupply has mapped over 60 billion global supply chains, uniquely enabling it to identify modern slavery, biodiversity and water-use risks, not just risks associated with carbon emissions.”
We're evolving — and so should your insights. Heads up — Lawyers Weekly is going premium from 1 May for just $5 a month. Stay informed without missing a beat. More information coming soon.
Jerome Doraisamy is the managing editor of Lawyers Weekly and HR Leader. He is also the author of The Wellness Doctrines book series, an admitted solicitor in New South Wales, and a board director of the Minds Count Foundation.
You can email Jerome at:
Get breaking news
Jerome Doraisamy
