Investors press companies on human rights in Xinjiang

  • 📰 rapplerdotcom
  • ⏱ Reading Time:
  • 34 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 17%
  • Publisher: 86%

South Africa News News

South Africa South Africa Latest News,South Africa South Africa Headlines

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.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 4. in ZA
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Investing today will save you the stress of financial crisis tomorrow.. Live the kind of life you want today by investing and trading Bitcoin option. Trade with a professional trader and start making good profits today. lisadonaldT for transparency and trust.

South Africa South Africa Latest News, South Africa South Africa Headlines