Retailers in US launch alliance for workers safety in Bangla

Image
Press Trust of India Washington
Last Updated : Jul 10 2013 | 11:30 PM IST
Leading retailers from North America, backed by top lawmakers, today announced to form an alliance to work towards safety of wormers in Bangladesh, who work in factories that export goods and apparel to the US.
The 17 retailers have formed the Alliance for Bangladesh Worker Safety to support the binding five-year initiative, which sets aggressive timelines and accountability for inspections, training and worker empowerment.
The initiative calls for inspections of 100 percent of alliance member factories within the first year; common safety standards to be developed within the next three months; inspections results that are transparently shared; and that all alliance factories actively support the democratic election and successful operation of Worker Participation Committees (WPC) at each factory.
Some of the founding companies were Canadian Tire Corporation, Limited; Carter's Inc.; The Children's Place Retail Stores Inc.; Gap Inc.; Hudson's Bay Company; IFG Corp.; J.C. Penney Company Inc; Wal-Mart Stores Inc etc.
"We believe the partnership and collaboration are critical to our success. We are committed to working with other global brands in order to achieve swift change.
"We'll use the power of the newly created alliance to find other sources of funding to support additional infrastructure improvement, including working closely with government agencies around the world," said a letter from the CEOs of these companies.
The Bangladesh Worker Safety Initiative was developed over the past five weeks under the guidance of former US Senators George J Mitchell and Olympia Snowe, acting as independent facilitators at the Bipartisan Policy Center.
Under the initiative's inspection programme, inspectors will prioritise factory safety risks for remediation efforts, and also are empowered to report immediately to the alliance, WPCs, building owners, and the Bangladeshi government any dangerous safety conditions, up to and including calling for factory closure and evacuation of workers.
Members of the alliance are providing the funding necessary over the five-year period - currently at USD 42 million and growing - to support the specific programs of the initiative, with some companies offering an additional combined total of over USD 100 million in loans and access to capital to assist factory owners they work with in Bangladesh for factory safety improvements.
*Subscribe to Business Standard digital and get complimentary access to The New York Times

Smart Quarterly

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

Renews automatically, cancel anytime

Here’s what’s included in our digital subscription plans

Exclusive premium stories online

  • Over 30 premium stories daily, handpicked by our editors

Complimentary Access to The New York Times

  • News, Games, Cooking, Audio, Wirecutter & The Athletic

Business Standard Epaper

  • Digital replica of our daily newspaper — with options to read, save, and share

Curated Newsletters

  • Insights on markets, finance, politics, tech, and more delivered to your inbox

Market Analysis & Investment Insights

  • In-depth market analysis & insights with access to The Smart Investor

Archives

  • Repository of articles and publications dating back to 1997

Ad-free Reading

  • Uninterrupted reading experience with no advertisements

Seamless Access Across All Devices

  • Access Business Standard across devices — mobile, tablet, or PC, via web or app

More From This Section

First Published: Jul 10 2013 | 11:30 PM IST

Next Story