Human Rights: Supply Chain Accountability

The Issue: Supply Chain Accountability

  • The Rana Plaza factory collapse in April 2013 killed 1,100 garment workers and resulted in severe reputational risk for the global apparel brand and retailers that source from Bangladesh. The tragedy led to a call for coordinated action and responsibility from all key stakeholders and highlighted the need to raise the bar on how companies manage their labor and human rights exposure. Low-cost sourcing models fueled by fast fashion are not financially sustainable in the long-term.

Actions

  •  Led investor coalition of over 200 organizations with $3.1 trillion in assets focused on building support for the Accord on Fire and Building Safety.
  • Worked with key industry players in Bangladesh (Accord, International Labour Organization (ILO) and Alliance for Bangladesh Worker Safety (Alliance).

Impact

  • As a result of our engagement with adidas, the company joined the Accord on Fire and Building Safety in October 2013.
  • Boston Common visited Bangladesh in 2014 to tour individual factories and meet with local representatives of the Accord, the Alliance, and the ILO–as well as Gap’s fire and safety team, women garment workers, and labor union representatives.
  • The five-year, multi-stakeholder effort to address safety in over 3,000 factories serves as a model for strengthening supply chain sourcing in other industries.

 

The information in this document should not be considered a recommendation to buy or sell any security. There is no assurance that any securities discussed in this report will remain in an account’s portfolio at the time you read this document. The securities discussed do not represent an account’s entire portfolio and may represent only a small portion of an account’s holdings. It should not be assumed that any securities transactions we discuss were or will prove to be profitable. Past performance does not guarantee future results. All investments involve risk, including the risk of losing principal.

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