Li & Fung Ltd. has created a new business unit to focus on factory and worker safety.
The new unit, called Vendor Support Services, is part of the firm’s new three year business plan that will be disclosed more fully when the company reports full-year results in March.
The new unit will be led by group chairman Dr. William K. Fung. It will incorporate the firm’s existing range of support services to factories.
“As the leading sourcing company in the world, we feel our responsibility is to play an even bigger role in bringing about and speeding up systematic positive change in the industry,” Fung said.
Factory and worker safety has been an issue in the past year given the fires in the factories in Bangladesh.