G7 creates fund for occupational safety
The heads of state and government of the seven leading industrialized nations want to promote occupational safety and environmental protection in global supply chains.
The representatives of the seven largest industrialized nations, who are meeting at the G7 summit in Germany these days, want to take greater responsibility for global production chains.
To this end, they have worked in cooperation with the International Labour Organization ILO launched a global fund, the Vision Zero Fund. This is intended to support companies in complying with standards for occupational safety, social responsibility, working conditions and environmental protection - especially in poorer production countries. For example, investments in occupational health and safety are to be financed, or accident insurance policies are to be set up, as German Labor Minister Andera Nahles explains.
This is intended to prevent tragic accidents in the future, such as the factory collapse of the Rana Plaza in Bangladesh two years ago, in which 1100 workers lost their lives.
The labor and development ministers of the G7 countries will meet in October for their own conference on the subject of fair production in supply chains. The resolutions of the G7 summit are to be implemented there.
