Businessweek: Religious Groups Urge Brands to Address Bangladesh Plant Safety

Bloomberg Businessweek’s Lindsey Rupp writes:

“Investors including Trillium Asset Management, U.S. pension funds and religious groups are putting additional pressure on retailers with suppliers in Bangladesh to disclose and improve safety in factories.

One group has written to retailers asking them to commit to an international safety agreement that’s supported by labor monitoring groups and signed by 37 brands. In a separate letter, investors including public pension funds are urging companies to know and make public their suppliers and to ensure compliance with safety standards.

A letter drafted by the Interfaith Center on Corporate Responsibility, a coalition of faith-based investors and other organizations, is pressing retailers to sign on to the factory safety plan and has 123 signatories including, Trillium, the Presbyterian Church and the Unitarian Universalist Association. The group collectively controls $1.2 trillion in assets, according to the ICCR.”

You can read the entire article here.