Loblaw Companies to sign fire and building safety code in Bangladesh

TORONTO - Loblaw Companies Ltd. (TSX:L) says it will sign an accord on fire and building safety in Bangladesh following the collapse of a building in that country that killed more than 1,100 workers.

The company had items for its Joe Fresh clothing label made in the building.

The Accord on Fire and Building Safety is an initiative aimed at improving worker safety in the Bangladesh garment industry.

The company says it will also keep its promise to have its own people on the ground in the country that will report directly to the company.

Several other big retailers have also signed the pact, including Benetton and trendy Swedish fashion chain H

The agreement requires that the companies conduct independent safety inspections, make their reports on factory conditions public and cover the cost of needed repairs.