Oblates and other Faith-Based and Socially Responsible Investors Work to Clean up Garment Industry Supply Chain
May 16th, 2013
The Missionary Oblates, Oblate Investment Pastoral and GS-JPIC Rome have joined with more than 100 other institutional investors, with over $1.2 trillion in assets under management, in a statement condemning the broken supply chain system in the garment industry, especially in Bangladesh. This system, much of which urgently needs fixing, continues to result in huge loss of life in unsafe factories, as well as unfair remuneration for workers, many of whom are young parents.
This large coalition of religious groups and investors is pressing major American retailers to join a sweeping plan to improve safety in Bangladesh apparel factories, calling on them to act together to force changes in overseas workplaces.