Dive Summary:

• Major retailers worldwide agreed to a legally-binding plan aimed at improved working conditions in Bangladesh on Monday.
• Nearly three weeks after the collapse of a garment factory which killed more than 1,100 workers, the plan requires retailers to finance building improvements and fire safety.
• “Fire and building safety are extremely important issues for us and we put a lot of effort and resources within this area,” said Helena Helmersson, head of sustainability at H&M.

From the article:

Bangladesh is the world’s second-largest apparel exporter, after China, and also has the lowest minimum wage in the world — $37 a month. Its low wages and lack of regulation have helped it attract billions of dollars in orders from Western retailers and apparel brands.