On the third anniversary of Rana Plaza collapse, concerns about corporate commitments to workplace remediation plans persist as implementation lags.
April 21, 2016 – 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, today released a statement voicing 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 U.S. $3 trillion. In its statement, the group expresses concern over the pace of progress being made to remediate the issues identified by inspections conducted by both the Accord on Fire and Building Safety and the Alliance for Worker Safety.
Read the full press release