Dollar Tree, which operates stores in Ogdensburg, Potsdam, Massena and Gouverneur, has agreed to new reporting standards to help ensure greater transparency and safety in their suppliers’ factories, according to New York State Comptroller Thomas P. DiNapoli.
A Dollar Tree is also expected to open soon in Canton.
The agreements will help safeguard the companies and their investors against the financial and reputational damage that can result when suppliers fail to uphold recognized standards of labor and workplace safety, according to DiNapoli.
“There’s a growing community of corporations who understand that their suppliers’ ability to maintain safe conditions is key to their business model,” Comptroller DiNapoli said.
“Companies like Dillard’s and Dollar Store are helping to make progress, but there’s a lot more work to do. I firmly believe that greater transparency and accountability surrounding workers’ rights result in stronger, more sustainable companies and better returns on the Common Retirement Fund’s investments. Sadly, it took the deaths of more than 1,100 workers in a Bangladesh factory collapse one year ago to spur global action on these supply chain issues. We will continue to urge our companies to embrace robust reporting standards on workplace safety.”
Dollar Tree, which operates nearly 5,000 dollar stores in 48 states, agreed to have its global suppliers report on their ability to meet internationally recognized requirements for workplace safety and labor standards. The suppliers’ disclosures are to be independently verifiable.
The company has also created a new vice president position to oversee global sourcing and the administration of the company’s new auditing program.