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Investors call for Bangladesh factory reforms

The number of signatories to a statement urging improved safety standards has swelled to more than 200 organisations over the last two months

Calls are growing from institutional investors for improved labour standards and supply chain oversight in Bangladesh following recent factory disasters, as a fresh wave of fund managers and activist groups sign an appeal for change.

The number of signatories to a statement urging reforms has swelled by more than 60% over the last two months to more than 200 organisations with $3.1 trillion in assets, according to the latest list published by the Interfaith Center on Corporate Responsibility. The ICCR, an activist investor group, first published the statement in May.

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