Interfaith Investors Issue Statement on the 5th Anniversary of Rana Plaza Tragedy
April 25th, 2018
The Rana Plaza building collapse in Bangladesh in 2013 resulted in over 1,100 garment workers killed and 2,600 injured. This massive tragedy drew attention to the systemic human rights abuses in the garment sector, as well as the failure of the Bangladesh government and corporate compliance programs to create safe and healthy workplaces that respect and protect the lives of workers and mitigate the risk to companies and their investors.
To mark the 5th anniversary of this disaster a coalition of investors, including the Missionary Oblates of Mary Immaculate, and led by the Interfaith Center on Corporate Responsibility (ICCR) issued an investor statement appealing to over 60 companies sourcing in Bangladesh to assume responsibility for helping to transform the Bangladesh apparel sector. In their statement the coalition proposes four main recommendations.