March 26, 2014
Today, The Children’s Place announced it has made a significant contribution to provide financial support for Bangladeshi workers impacted by the Rana Plaza tragedy. The Children’s Place donation was made to the BRAC USA Bangladesh Humanitarian Fund. BRAC USA used the contributions it received from The Children’s Place and other retailers to make a grant of $2.2 million to the Rana Plaza Donors Trust Fund, which supports victims of the Rana Plaza disaster and their families, who are receiving payments coordinated under a single approach through the Rana Plaza Arrangement.
The Children’s Place donation to aid the victims of the Rana Plaza tragedy is incremental to the Company’s ongoing work and contributions to realize a safer workplace for Bangladesh garment industry workers.
We are pleased to announce The Children’s Place has joined forces with other leading North American apparel retailers, and former U.S. Senators George Mitchell and Olympia Snowe, to create the Alliance for Bangladesh Worker Safety. This Alliance will empower and protect workers by significantly elevating fire and building safety in Bangladeshi garment factories.
As a member of this Alliance, we have signed on to a binding, five-year agreement that will be transparent, results-oriented, measurable and verifiable. The agreement includes specific and measurable actions across areas essential to dramatically improving safety including common standards, inspections and remediation, training and increased cooperation with the Bangladeshi and U.S. governments as well as with the factory owners to ensure that there is accountability among all parties.
As an Alliance founding member, The Children's Place is committing significant time, corporate resources and funding to ensure these efforts result in real and sustainable safety improvements and benefits to Bangladeshi garment workers.
We are very proud to be a part of this important effort. We believe in the strength of this Alliance and are confident that together we can make a meaningful difference in the lives of Bangladeshi workers.
For more information on the Alliance and details of the initiatives that we are undertaking as part of the Alliance, go to www.bangladeshworkersafety.org.