Investors press companies on human rights in Xinjiang

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Over 50 investors are contacting more than 40 companies, including H&M, VF Corporation, Hugo Boss, and Zara owner Inditex, requesting more information about their supply chains.

by Britain, Canada, the European Union, and the United States over what they say are human rights abuses taking place in Xinjiang.The investor alliance alleged that companies removing or moving statements in relation to Xinjiang were doing so in fear of commercial retaliation from the Chinese government. It also said compliance rules were being developed in other markets, including the European Union, obliging them to fully disclose their supply chains.

H&M has declined to comment on the removal of details from its website. Inditex has not responded to requests to comment on removal of information from its website. Westermann reiterated the company's position on Tuesday, adding that it was in"active exchange with NGOs and other key stakeholders, including investors, to outline our standards, values, and sustainability initiatives in more detail.

The New York-based Interfaith Center on Corporate Responsibility, which is backing the approach to the companies, has a broad range of members, including religious groups, public and union pension funds, and a number of other asset managers.

 

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