Home / Knowledge / News / Apparel/Garments / Investors say Bangla RMG workers still at risk
Investors say Bangla RMG workers still at risk
25
Apr '16
A group of global investors that has advocated for commitments from apparel brands and retailers sourcing from Bangladesh to remediate the workplace health and safety failures that cost over 1,100 people their lives at the Rana Plaza factory in 2013, has voiced concern over delays in the implementation of remediation plans.

The investor group, known as the Bangladesh Investor Initiative represents 139 institutional investors from North America and Europe with collective assets valued at over $3 trillion.

In a statement, the group which is part of the New York-based Interfaith Center on Corporate Responsibility coalition, expressed concern over the pace of progress to remediate the issues identified by inspections conducted by both the Accord on Fire and Building Safety and the Alliance for Worker Safety.

The Accord on Fire and Building Safety has completed more than 1,600 factory inspections and the Alliance for Worker Safety has inspected about 650 factories, which has resulted in the identification of hundreds of corrective action plans, including the installation of fire doors and sprinkler systems and structural changes such as adequate safety exists.

More than 1,000 factories are behind schedule with remediation of the over 1,350 corrective action plans that have been developed. Investors have urged companies to work with their suppliers to ensure full compliance with these critical remediation plans.

In addition, the investors are concerned that the “Safety Committees” so integral to systemic reform of the sector have not been established, and that workers are not able to elect their representatives to the committees. According to the investors, this undermines the ability of the committees to independently identify and address threats to worker safety without interference from management.

David Schilling, ICCR Sr. Programme Director for Human Rights and Resources, said, “In the aftermath of Rana Plaza, an unprecedented number of investors and companies coalesced around the urgent need to restructure the Bangladesh apparel sector to safeguard the lives of workers. Progress has been made on many fronts, but we are concerned that implementation of the identified actions is taking too long, and democratically elected worker representatives to safety committees have yet to be formed.”

"While we commend the Accord, companies and others that have supported improved factory working conditions three years after the Rana Plaza tragedy, we are concerned about the lack of timely remediation. Through ICCR's Bangladesh Investor Initiative, we will continue to shine a light on the Bangladesh garment sector and needed steps to address systemic issues in apparel sourcing practices," said Lauren Compere, Managing Director, Boston Common Asset Management.

The Bangladesh Investor Initiative has called on companies to commit sufficient financial resources and provide commercial terms that enable factories to complete remediation, and to report on the nature and amount of financial support.


Must ReadView All

Market share of Indian textile items expand in 13 nations

Textiles | On 11th Dec 2017

Market share of Indian textile items expand in 13 nations

Thirteen countries — Germany, France, Italy, the United States,...

Bangladesh garment exports rise 7.46% in July-Nov '17

Apparel/Garments | On 11th Dec 2017

Bangladesh garment exports rise 7.46% in July-Nov '17

Readymade garment exports from Bangladesh increased 7.46 per cent in...

Cotton price increase is not sustainable: ITF

Textiles | On 11th Dec 2017

Cotton price increase is not sustainable: ITF

The increase in cotton price seen last week is only a short-term...

Interviews View All

Divyesh Mashruwala
Akshar Industries

Surat dominates foiling, embossing and pleating

Deepak Jain
Baggout

We are using Facebook and Instagram to promote ourselves

Spokesperson
Hugo Boss

'Hugo Boss works with carefully selected sourcing partners'

Harsh Shah

Established in 1956 with a small beginning, Embee today manufactures a...

Riddhi Jain

Conceived in Europe and curated in New Delhi, NeceSera is a...

Abhishek Pachauri

Reckon Industries adapts latest systems for manufacturing from designing...

Kerem Durdag
Biovation II LLC

Kerem Durdag, CEO, Biovation II LLC, provides an insight into future...

Eamonn Tighe
Nature Works LLC

Eamonn Tighe, Fibres and Nonwovens - Business Development Manager of...

Johan Berlin
InvestKonsult Sweden AB

Investkonsult Sweden AB has been buying and selling second-hand textile...

Pranav Mishra
Huemn

Designers Pranav Mishra and Shyma Shetty’s Huemn is known for its...

Igor Chapurin
Chapurin

"Now we can see the Russian trend in international fashion. And Russian...

Vaanee Bhatia
Gritstones Clothing

<div>Delhi-based Gritstones Clothing offers quality and exemplary style...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH

December 2017

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

news category


Related Categories:

Planning to Take the Leap towards
Sustainability?

Do you see sustainability as a route to business growth?

Yes No

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes No

Active Poll

Do you see sustainability as a route to business growth?

Yes
69.2%
No
12.1%
Skip
18.7%

Total Votes: 91

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes No

Active Poll

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes
61.5%
No
30.8%
Skip
7.7%

Total Votes: 91

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes No

Active Poll

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes
86.8%
No
9.9%
Skip
3.3%

Total Votes: 91

Thanks for your valuable feedback. Claim your free latest sustainability e-book.

Active Poll

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes
81.3%
No
8.8%
Skip
9.9%

Total Votes: 91


E-News Insight
Subscribe Today and Get the
Latest News Update in Your Mail Box.
Advanced Search