Bangladesh Factory Victims Fund: Donating is Responsible, Not Admission of Guilt

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Bangladesh Factory Victims Fund: Donating is Responsible, Not Admission of Guilt

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Bangladesh Factory Victims Fund: Donating is Responsible, not Admission of Guilt http://bit.ly/1eFY4R6 via @Cone #CSR #ConeCSR

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Monday, March 3, 2014 - 10:15am

CONTENT: Blog

Since last year's Bangladesh factory collapse, a number of companies have made efforts to improve factory conditions and address worker well-being, including Levi's, Marks & Spencer and H&M. Now, a new fund seeks to provide monetary support for those directly affected.

ust two months before the anniversary of the Bangladesh tragedy, five companies have donated to the newly created Rana Plaza Donors Trust Fund, which will provide compensation for nearly 4,000 survivors and families of victims and will pay for such things as medical bills and lost wages. Although some companies have concerns that a public donation may be seen as an admission of guilt, others, such as Dan Rees of the International Labor Organization, see it as a "mechanism that the whole industry can support."

To read more on Cone's Prove Your Purpose blog, please click here.

Keywords: Social Impact & Volunteering | Bangladesh | Cone | Human Rights | Responsible Business & Employee Engagement | Social Impact & Volunteering | Transparency | supply chain

CONTENT: Blog

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