Tysers offers independent surveys of premises to mitigate the risks of buying from Bangladesh.

LONDON - May 17, 2013 - PRLog -- Following the recent shocking collapse of the garment factory in Savar, Bangladesh and the Tazreen Fashions blaze last November it has become tragically apparent that scant regard for risk management exposes millions of workers employed in the garment industry to unacceptable levels of risk.    Tysers, the long-established British insurance broking firm, with a subsidiary risk management office in Dhaka, has been guiding its international trade clients through the problems associated with low quality risk management standards since 2002.    For over a decade, British-owned firm Tysers Risk Management (Bangladesh) Ltd (TRMBL) has been assisting multinationals to organize high level and detailed risk surveys of their major plants and factories and also to provide on-going Risk Management and Safety training.  This supports companies with their corporate governance obligations, helps protect their supply chain and lessens potential reputational damage.    Marketing Director of TRMBL, Mr M R Khan was quoted as saying:    “These sorts of events are unacceptable in the 21st Century and overseas buyers must use their influence to push home significantly raised standards.      Taking  a more active role will ensure that the standards they adopt not only protects their own interests but contributes to the wider social push to improve conditions for workers. We are endeavoring to mobilize support in this process as a matter of urgency”.     The Bangladesh Garment Manufacturers and Exporters Association (BGMEA) have discussed plans for arranging structural checks of all buildings that accommodate garment factories, but a lack of resources is making this a difficult task and self-regulation in a vigorously ‘free’ market will continue to mean that this remains a huge challenge.    TRMBL, being British-owned and an independent business, is perfectly placed to assist overseas buyers in establishing programmes of Corporate Social Responsibility by carrying out or coordinating physical surveys of suppliers’ and sub-contractors’ premises and making appropriate safety recommendations.      Tyser & Co Limited    Founded in 1820, Tysers is the oldest firm of Lloyd’s brokers.  The company is headquartered in London and has long history of business in Bangladesh, having been involved in support of the local insurance market since independence in 1971.  More information is available at www.tysers.com    Tysers is authorised and regulated by the UK Financial Conduct Authority No. 308648.