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FWF is happy to partner up with the Dutch ASN Bank. The two will cooperate to share and further develop living wage expertise.
FWF will cooperate with ASN in defining the role investors can play in promoting progress towards living wages and in developing a set of tools investors can use to better assess the performance of clothing brands.
Investors are a relatively new actor in the living wage debate but they can have a large impact on the behaviour of brands. FWF’s director Alexander Kohnstamm calls the partnership with ASN ‘an exciting first step into an important new arena for FWF’.
‘Financial institutions have an important role to play in making the garment industry more sustainable’, says Kohnstamm. ‘We look forward to entering a structural working relationship with the investment community.’