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


Interviews View All

Top executives, Textile industry

Top executives
Textile industry

The foremost issue is bridging the skill gap

C Kamatchisundaram, Voltas

C Kamatchisundaram
Voltas

ITME is an occasion not only to receive new leads but also to work on...

Mohammad Mamun Ar Rashid, UL VS Bangladesh Ltd

Mohammad Mamun Ar Rashid
UL VS Bangladesh Ltd

Productivity, creativity and innovation play a vital role in the growth of ...

Franco Ravazzi,

Franco Ravazzi

Italy-based Tessimenti E Orditi Tinti (T.O.T SRL) specialises in stocking...

Xavier Martinez,

Xavier Martinez

CADT Software & Drafting was founded in Spain in 1987 by Josep...

Ramez Basmaji,

Ramez Basmaji

Fabusse is a Lebanon-based fashion agency that offers a variety of...

Mr Hartmann Huth, Trevira GmbH

Mr Hartmann Huth
Trevira GmbH

Trevira GmbH is an innovative European manufacturer of high-value branded...

Kevin Nelson, TissueGen

Kevin Nelson
TissueGen

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

S Ziya Gumuser, Teknomelt

S Ziya Gumuser
Teknomelt

Turkish nonwoven manufacturer Teknomelt has been around for only seven...

Silvia Venturini Fendi, Fendi s.r.l

Silvia Venturini Fendi
Fendi s.r.l

"Yes, my confidence and positive attitude are my strengths and should be...

Robert Brunner, Devereux

Robert Brunner
Devereux

Golfwear and menswear brand Devereux is set for greener pastures. Robert...

Judy Frater, Somaiya Kala Vidya

Judy Frater
Somaiya Kala Vidya

Among the many honours showered on Frater, including Fulbright and Ford...

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

Leave your Comments


October 2019

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

news category


Related Categories:

Follow us on instagram

Follow

Follow Fibre2Fashion On


Advanced Search