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13 Feb 2019

ICCR & other global investors

Bangladesh: Global investors release public statement in support of Accord

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A group of 190 global investors representing over $US 3 trillion in assets under management today released a statement urging the Bangladesh government not to abandon the Accord for Fire and Building Safety in Bangladesh (Accord) until such time as the government is fully capable of continuing its work to ensure the safety of the over 1,600 factories and 2 million garment workers currently covered by the Accord. A separate letter, reiterating this request was also sent to Sheikh Hasina Wazed, Prime Minister of Bangladesh. 

The statement is in direct response to the Government’s submission to the Supreme Court regarding the Accord’s appeal against an order that it cease operating in Bangladesh from November 30, 2018... This group of investors has consistently supported the Accord throughout its 5-year mandate...