The Dutch impact investor has announced it is selling all of its shares in the clothing industry, as none of the clothing companies meet the investor’s requirements in terms of sustainability.
LUMO Labs is planning to support tech companies that make a positive contribution to society in areas including social care, education, climate and sustainable living.
Government fund Invest-NL is one of the investors backing the Groningen-based company which will use the funds to build a new factory in the northern Dutch city of Delfzijl.
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