The San Francisco-based shoe and apparel retailer roughly halved its references to a “sustainability principles and objectives framework” in an updated prospectus to the U.S. Securities and Exchange Commission. It now includes 33 references instead of 65. (Financial Times)

Talking point: Among the removed claims is that Allbirds would be “conducting this offering while following the SPO framework,” as well as a warning that this could increase costs. The company also no longer mentions that it wants other firms to use the framework so investors can “better identify public companies that are committed to sustainability and positive outcomes.” Allbirds, which became a startup fashion staple and was last valued at US$1 billion, faces a civil class-action lawsuit over allegedly misleading consumers about its sustainability and after the SEC wrote to some companies last month regarding concerns around climate-change disclosures.