Following the recent collapse of a garment factory in Bangladesh that killed 1,129 workers and injured 2,500 more, over 70 companies, mostly Europeans, signed the Accord on Fire and Building Safety in Bangladesh. This Accord was rejected by most US companies, who instead announced the Bangladesh Worker Safety Initiative agreement, led by Wal-Mart and the Gap and signed by 17 companies.
The Wal-Mart/Gap agreement recreates the primary weaknesses of private monitoring, the centerpiece of corporate social responsibility (CSR) in the global apparel industry for over a decade.
The consensus among researchers is that CSR monitoring has done little to improve the industry. Although there is evidence that standard payment of wages and health and safety conditions have improved in some factories, overall we have seen a decline in real wages, a rise in the use of temporary and contract labor, the continuation of millions of dollars in wage theft, and the deaths of workers by violence, fires and building collapse.