logo.pngPlease see our statement below in response to the September 2016 Tampaco Foils We have sent the statement to British American Tobacco and Nestle and will report back on their responses. We are also sending the statement to the Accord, Alliance and the Fair Labor Association where Nestle is a member.

http://www.iccr.org/investors-release-statement-response-september-2016-tampaco-foils-ltd-factory-firebuilding-collapse

Investors release statement in response to the September 2016 Tampaco Foils Ltd. factory fire/building collapse in Bangladesh

Date:
Oct 25th 2016

On September 10, 2016 a boiler exploded at the Tampaco Foils Ltd. factory in Bangladesh causing a fire and building collapse that took the lives of 35 workers and injured over 50 more. Two major companies—British American Tobacco (BAT) and Nestle–have a business relationship with the Tampaco factory to package their products.  An investor statement coordinated by ICCR has called on the two companies to commit to:

  1. Comprehensive fire and safety inspections that include thorough inspections of boilers.
  2. Worker training on fire and safety procedures and worker/management safety and health committees.
  3. Compensation to the workers injured and to the families of those killed at Tampaco, following the model of the Rana Plaza Do
The under
-signed investors will continue to engage companies operating in Bangladesh and other low cost countries to ensure human rights and labor standards are enforced and the health and safety of workers in global supply chains remains paramount.
Signatories
Number of Signatories: 67
AUM: over $2
.3 trillion
ACTIAM
Aegon Asset Management
Ausbil Investment Management Ltd
Australian Ethical Investment
Aviva Invstors
Azzad Asset Management
Benedictine Sisters of Baltimore
Benedictine Sisters of Erie
Boston Common Asset Management
Candriam Investors Group
Christian Super
Christopher Reynolds Foundation
Congregation of the Passion
Dana Investment Advisors
Daughters of Charity, Province of St. Louise
Dignity Healh
Domini Social Investments LLC
Dominican Sisters ~ Grand Rapids
Environment Agency Pension Fund
ERAFP
Ethos Foundation
Felician Sisters of North America
Friends Fiduciary Corporation
GES International AB
Glenmary Commission on Justice Peace &
Integrity of Creation
Henderson Global Investors
MN
Natural Investments
NEI Investments
Northwest Coalition for Responsible Investment
Öhman
Portfolio Advisory Board; Adrian Dominican
Sisters
Region VI Coalition for Responsible Investment
Responsible Investment Association
School Sisters of St. Francis
ShareAction
Shareholder Association for Research &
Education (SHARE)
Sisters of Charity of Leavenworth
Sisters of Charity of New York
Sisters of St. Francis of Phi
ladelphia
Sisters of St. Francis, Rochester, MN
Sisters of the Holy Cross
Sisters of the Humility of Mary
Sisters of the Presentation of the BVM
Social Justice Committee, UUCSR
Socially Responsible Investment Coalition
Solaris Investment Management
Sonen
Capital
St.Joseph Health
Strathclyde Pension Fund
Sustainable Value Investors
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