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).
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