Home / Knowledge / News / Apparel/Garments / Expert moots 'Global Fund' to avoid Bangla-like tragedies
Expert moots 'Global Fund' to avoid Bangla-like tragedies
13
Jul '13
Toby Webb, founder of Ethical Corporation, said that a fund set up and governed by an independent board of individuals whose reputations and motivations were beyond question could run training, capacity building and monitoring programmes for areas such as customs reform, buildings and health and safety inspection.

Ethical Corporation's annual Responsible Business Summit in London saw business leaders and NGOs raise questions about effective factory auditing regimes, building safety standards and the role of brands, governments and NGOs in ensuring this sort of tragedy doesn't occur again.

Mr Webb said: "A global fund could fill a gap and target specific areas where funding is weak, for example, the training of institutions in emerging economies is often an area where expertise is lacking.

"Building inspections, health and safety legal enforcement, and customs reform are all neglected areas for aid and development funding, yet vitally important in encouraging better, legal trade.

"Companies are now banding together to begin to try to tackle systemic issues in their specific industries. But why not have a fund that is contributed to by large companies that want to solve some of the messy problems that contribute to tragedies such as the Rana Plaza building collapse?"

Mr Webb said such a fund could offer public reporting and monitoring in return for funds from business and development agencies.

He said: "It could allow companies to fund important training and capacity-building challenges without having direct decision-making control over what money goes where. This would help to eliminate the 'corporate colonialist barrier' to taking effective action on institutional capacity issues, which can strike fear in the heart of chief executives."

About Ethical Corporation

Ethical Corporation has provided business intelligence for sustainability since 2001 and its conferences are widely recognised as the best in the field. It provides objective analysis for big businesses, NGOs, think-tanks, academia, governments and service providers to the corporate sustainability industry. Ethical Corporation is 100% focused on global ethical business and how large companies are responding to the sustainable business agenda.

Ethical Corporation

Must ReadView All

Textiles | On 26th May 2017

Lenzing unleashes new eco-friendly fibre

There's a new eco-friendly fibre on the anvil—Austrian speciality...

Apparel/Garments | On 26th May 2017

Benetton seeks approval for FDI in single-brand retail

Global fashion brand Benetton Group, has sought Indian government's...

Apparel/Garments | On 26th May 2017

Walmart to conduct GST workshops for SME suppliers

With the objective of supporting its small and medium-sized (SME)...

Interviews View All

Karan Toshniwal
Orange O Tec

Contemporary industry is paying more and more attention to the...

Kamlesh Vaghela
RK Textiles

Very few machinery manufacturers have R&D units

Smith Vaghasia
Sanado India

Online remains the best destination for shopping

Eric Scholler
Groz-Beckert

The Indian market has huge potential in technical textiles, and by far,...

Johan Berlin
InvestKonsult Sweden AB

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

Kevin Nelson
TissueGen

Kevin Nelson, Chief Scientific Officer, TissueGen discusses the growing...

Mike Hoffman
Gildan Activewear SRL

Gildan Activewear, a manufacturer and marketer of branded clothing and...

Wendell Rodricks
Wendell Rodricks

"We should not compare India and the West. There are things we do that...

Rupa Sood and Sharan Apparao
Nayaab

Nayaab, an exhibition meant to celebrate Indian weaves, is in its second...

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

news category


Related Categories:
May 2017

May 2017

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

SUBSCRIBE


Browse Our Archives

GO


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