Home | En Español

Justice, Peace, and Integrity of Creation - Missionary Oblates of Mary Immaculate

Follow JPIC OMI!

YouTube Facebook Twitter

Current and past action alerts >

Oblates and other Faith-Based and Socially Responsible Investors Work to Clean up Garment Industry Supply Chain

May 16th, 2013

JPIC_Logo_GreenThe 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.

Read the article about investor activism in the garment sector in the New York Times…

Read the Investor Statement…

List of Signatories to the investor statement…

Additional press coverage:

Bloomberg BusinessWeek 

 

Return to Top

Recent News

News Feed

News Archives


Latest Video & Audio

More video & audio >