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Diverse Coalition of Global Investors Managing More Than $1.5 Trillion Calls for Systemic Reforms to End Human Rights Abuses in Apparel Supply Chains

May 22, 2013

INTERFAITH CENTER ON CORPORATE RESPONSIBILITY FOR IMMEDIATE RELEASE As a First Step, Investors Urge Manufacturers and Retailers to Join the Bangladesh Accord on Fire and Building Safety NEW YORK, Wednesday, May 22, 2013 – Concerned that human rights catastrophes like the April 24 collapse of the Rana Plaza in Bangladesh might recur if sweeping reforms aren’t promptly implemented, a global coalition of institutional investors are calling on apparel manufacturers and retailers to join the Accord on Fire and Building Safety. The investor group includes nearly 200 signatories from 16 countries in North America, Europe and Australia with combined assets valued …

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Businessweek: Religious Groups Urge Brands to Address Bangladesh Plant Safety

May 17, 2013

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 …

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Investor Statement on Bangladesh

May 16, 2013

May 16, 2013: In light of a series of recent calamities in Bangladesh apparel manufacturing plants resulting in an overwhelming loss of life, we, the undersigned investors and stakeholders including 123 organizations representing over $1.2 trillion in assets under management, are calling on industry leaders to implement systemic reforms that will ensure worker safety and welfare, and to adopt zero tolerance policies on global supply chain abuses. The November fire in the Tazreen garment factory, the collapse in April of the Rana Plaza, and a second deadly fire on May 8th in a sweater factory in Dhaka have resulted in …

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Trillium Calls for Improved Working Conditions in China

July 22, 2010

Trillium Asset Management Corporation (Trillium) is leading a group of 40 international investors in issuing a public statement condemning abusive workplace conditions in the global electronics supply chain. The lead group of investors, including Trillium, the Interfaith Center on Corporate Responsibility, Boston Common Asset Management, LLC, As You Sow and Domini Social Investments LLC, are sending a strong message to the electronics manufacturers in their portfolios urging stricter supply chain compliance. The statement, which follows many years of work on human rights in supply chains, was prompted by the recent suicides at the Foxconn Technology Group factories in China which manufacture consumer electronics …

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Tell the SEC to Allow Shareholder Resolutions on Sweatshops

November 19, 2007

Tell the SEC to Allow Shareholder Resolutions on Sweatshops Earlier this year, the Securities and Exchange Commission (SEC) allowed Wal-Mart Stores to omit an anti-sweatshop resolution from its annual shareholder meeting. The reason? Shareholder proponents had the audacity to make a reference in their resolution to paying a living wage, a key issue in the sweatshop debate. The SEC currently allows corporations to exclude any shareholder resolution that mentions wages. This SEC decision threatens the ability of shareholders to bring similar resolutions to companies on an important public policy issue. The issue of paying a living wage to workers is …

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