Pensions Age article on Rana Plaza Building Collapse.

This is a short article I wrote on behalf of the Associated Member Nominated Trustees (AMNT) for Pensions Age magazine last month (sorry can't find on line link).  See my previous post
on this wholly avoidable mass killing.

"I’m sure that everyone who watched the TV footage of the collapsed Rana Plaza building in Bangladesh would have been shocked and horrified. The death toll is now more than 1100. The reasons for the collapse are unclear but there has been suggestions that alterations to the building were made without official planning permission and allegations of local bribery and corruption.

UK clothing retailer Primark who sold goods produced in this building (which is owned by FTSE 100 Associated British Foods) has offered to help with compensation payments. This is all very good but the question that pension trustees should consider at their next board meeting is this.

Have they done all they can to ensure that the companies they invest and partly own take all reasonable steps to ensure that their supply lines do not profit from potential death traps?

To be clear, the direct responsibility for Rana Plaza lies in the hands of its owners and State authorities. However, as owners of companies that have benefited from the production of cheap clothing we also have a duty.

We need to make sure that our fund managers know that not only do we care about what is done in our name and with our money but we believe it makes long term financial sense that we only do business with companies that can demonstrate they take all their responsibilities seriously".

Workers Memorial Day - The cost of cheap clothes is paid for in blood & why we are all guilty

Tomorrow is Workers Memorial Day (WMD). An international day of remembrance for those who have been killed in accidents at work or who have died of work related ill health.

As I type this rescuers are still trying to save workers trapped for days in the Rana Plaza building in Dhaka, Bangladesh. The BBC report that at least 336 people have died and 600 are missing.

WMD is also a campaigning day to fight for the living as well as remember the dead.

We all have to take responsibility for the dreadful events in Dhaka. The ridiculous cheap prices for clothes at discount stores such as Primark or Matalan is paid for in blood. Shoppers need to understand this and demand responsible and accountable ethical sourcing.

But the problem is wider than this. No doubt the middle class John Lewis brigade will be shaking their heads in disgust at the thought of all these chavs buying their cheap clothes - while at the same time their pension and insurance policies are profiting from the world wide exploitation of the same workers.

Pension trustees need to raise their game and make sure that the companies they invest in have pro active and vigorous supply chain inspection regimes and that all their sub contractors truly respect workers rights and safety. 

We also need to make sure that that the huge contract pension and insurance funds that don't have any trustee oversight are brought into the responsible investment fold. If you pay into any product that invests in any part of this supply chain you can't wash your hands of your responsibilities as a owner and a beneficiary of what is done in your name.

Why don't we make UK companies and investors legally responsible for the reckless mass deaths of companies they invest in as they are for the manslaughter of workers they directly employ in the UK? 

Also, before we get too smug, don't forget the 20,000 plus Brits who die prematurely every year in this country because of their work.

Check the TUC website for list of local events to mark Workers Memorial Day.