Seventh Generation Interfaith Coalition for Responsible Investing

ICCR Statement of Support for new Accord for Fire and Building Safety in Bangladesh

As investors shareholders engaged in dialogues with retailers, we are heartened by last week’s announcement that global unions and companies signed an agreement to extend the Accord for Fire and Building Safety for an additional three year period in force after May 2018. This is great news!  Investors, including those from SGI, have played an important role in supporting the Accord, assessing its progress and recommending areas to be strengthened going forward.

ICCR’s statement applauding the agreement is found here.

SGI members signed onto the April 2017 investor statement on the 4th Anniversary of the Rana Plaza Tragedy.  Our recommendations included:

The new agreement responds positively to these recommendations.  Over the past four years, investor activism has made a difference in providing support and urging further action to make sure that garment factories are made safer now and in the future.