Norwegian wealth fund launches network to improve children's rights in garment industry; H&M, Kering & VF Corp among cos to have joined
Author: Mikael Holter, Business of Fashion, Published on: 28 November 2017
"Top Fashion Companies Come Together to Improve Children’s Rights", 24 Nov 2017
Together with Unicef, the world’s biggest wealth fund is setting up a network with some of the top fashion companies to improve children’s rights, whether they are exploited in the production of garments and shoes or impacted by the industry in other ways... Between 10 and 15 companies [...] have joined and will participate in the network’s first event in Geneva on November 27, said [...] the Norwegian investor’s global head of ownership strategies. They include Hennes & Mauritz AB; Kering, the owner of luxury brands such as Gucci and Saint Laurent; and VF Corp., which owns labels such as North Face and Wrangler... Over the next two years, the group will discuss what can be done to improve the plight of children who often work in sweatshops under appalling conditions. The initiative will also focus on areas such as education, health and nutrition, from access to school to working mothers’ ability to breastfeed.