NI joins investor letter on Bangladesh
The Interfaith Center on Corporate Responsibility released a letter signed by 123 investment companies and institutions holding over a trillion dollars in assets, calling on American retailers to sign on to a common workplace safety plan for Bangladesh, rather than go it alone with their own in-house standards, as Wal-Mart and the Gap have chosen to do. Most of the nearly forty large retailers who have signed on to the shared plan are based in Europe; only two US companies have joined so far—Abercrombie & Fitch and PVH (Tommy Hilfiger and Calvin Klein).
Natural Investments is pleased to have joined our peers in signing this call for zero tolerance of supply chain abuse. For more, see this NY Times article.
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Jim Cummings
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