The Interfaith Center on Corporate Responsibility (ICCR) applauds global trade unions and companies that moved to renew the Bangladesh Accord for Fire and Building Safety, a three-year legally-binding agreement that will enter into effect when the current program expires in May, 2018. “Since the Rana Plaza disaster in April, 2013, ICCR has organized a coalition of over 200 institutionalinvestors from 12 countries and representing $4.5 trillion assets under management in support of the Accord,” said ICCR's Senior Program Director for Human Rights, David Schilling. "The Accord's multi-stakeholder model is an unprecedented collaboration between trade unions and apparel companiesand retailers seeking systemic transformation of the Bangladesh garment sector into a safe place twork. As the program has been extremely successful, investors are very eager to see it have theneeded time to fulfill its mandate.”

...Adam Kanzer, Managing Director, Domini Impact Investments [commented,] “We are particularly pleased to see the inclusion of freedom of association and collective bargaining protections, perhaps the most effective safeguard against future Rana Plazas.”