IR
April 28, 2015

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Erste Asset Management, the Austria-based fund firm with €54.4bn under management, says it is “beyond question” that a fundamental change in working conditions in the textile industry in Asia and Africa is only possible with the cooperation of the major apparel companies. Marking the two-year anniversary of the Rana Plaza disaster, it said it is combining its activities with engagement partner, GES – “which is able to exert the greatest influence on the companies, thanks to the larger fund volumes which it represents”.

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By IR journalists

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