Investors call for reforms in apparel supply chains
In light of a series of calamities in Bangladeshi apparel manufacturing plants that resulted in an overwhelming loss of life, over 200 institutional investors (including the Maryknoll Sisters and the Maryknoll Fathers and Brothers), representing over $2 trillion in assets under management, issued a statement on May 16, calling on apparel industry leaders to implement systemic reforms that will ensure worker safety and welfare, and to adopt “zero tolerance” polices on global supply chain issues.