On September 10, 2016 a boiler exploded at the Tampaco Foils Ltd. factory in Bangladesh causing a fire and building collapse that took the lives of 35 workers and injured over 50 more.
Two major companies—British American Tobacco (BAT) and Nestle—have a business relationship with the Tampaco factory to package their products. An investor statement coordinated by ICCR (Interfaith Center of Corporate Responsibility) has called on the two companies to commit to:
- Comprehensive fire and safety inspections that include thorough inspections of boilers.
- Worker training on fire and safety procedures and worker/management safety and health committees.
- Compensation to the workers injured and to the families of those killed at Tampaco, following the model of the Rana Plaza Donors Trust Fund.
66 investors with over $2.3 trillion in assets under management signed the statement. Investors have requested dialogue with BAT and Nestle to get their responses to these recommendations.