Allbirds walks back ‘sustainable IPO’ claims ahead of market debut

(Financial Times) The San Francisco-based start-up said in its IPO prospectus in August that it would adhere to a “sustainability principles and objectives framework”, which was developed with a consultancy group advised by academics, rating agencies and charities. However, in an update to the prospectus, filed with the Securities and Exchange Commission late on Monday, the company removed several key references to the framework. The number of references to the “SPO framework” in the document roughly halved, from 65 to 33.

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