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10 Jun 2015

Interfaith Center for Corporate Responsibility

Rana Plaza Trust Fund Secures $30 million in compensation for victims of collapse

Bangladesh Investor Initiative gratified that brands and retailers acknowledge corporate responsibility to remediate human rights violations in global apparel supply chains...

...The Rana Plaza Donors Trust Fund will be used to compensate thousands of workers who suffered grave injuries and psychological trauma from the collapse, and the families impacted financially due to the loss of income from those who perished. Trustees estimate that 5,000 claimants will receive awards from the Fund. While investors have asked many companies to donate to the Fund, the following companies received a letter on April 8, 2015 requesting contributions: Carrefour, Cato Fashions, The Children’s Place, Iconix, Inditex, J.C. Penny, Kohl’s and Macy’s.