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BNP Paribas Asset Management, Nordea Asset Management and the Church of England Pensions Board are among 176 investors urging global fashion brands not to ditch a workers’ rights agreement created in the aftermath of the Rana Plaza disaster.
The $2.2tn coalition has issued a statement calling on companies to recommit to the Bangladesh Accord on Fire and Building Safety, which expires at the end of May.
Created in 2013, the legal-binding agreement sets out safeguarding expectations for workers in Bangladesh’s vast textile industry. The move came after the collapse of a factory in the Rana Plaza killed more than 1,000 people and injured more than 2,500 others. Tomorrow marks the eighth anniversary of the tragedy.
Brands including Hugo Boss, H&M and John Lewis signed the Accord, committing them to be transparent about t…