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Article

21 Jul 2010

Author:
As You Sow, Interfaith Center on Corporate Responsibility, Domini Social Investments, Boston Common Asset Management,Trillium Asset Management Corporation and others

Investor Statement Regarding Suicides and Working Conditions at Electronics Manufacturing Facilities

The undersigned investors are deeply troubled by the recent suicides at the Foxconn...factories in China...[I]t is clear that these supply chain factories can be stressful and abusive workplaces... However, we believe the issues raised...go far beyond the specifics at Foxconn, and implicate broader systemic challenges. For more than a decade, several of the signatories have...engaged scores of global companies on supply chain compliance...there is little evidence of dramatically improved conditions. Part of the problem is the unwillingness of most global brands to disclose the nature and severity of many of the problems found at these facilities, and what they are doing to address them... [W]e believe that EICC could be far more assertive and proactive in ensuring worker rights...[refers also to Apple, Dell, HP, Motorola, Nokia, Sony]

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