The global fashion industry is

Since COVID-19, brands have been using their disproportionate power over suppliers to cancel orders, grossly extend payment terms or pay substantially less than initially agreed. In Bangladesh, this has had a devastating impact on suppliers and their workers, who now face unemployment, starvation and risk of infection.
crop-Worker-removebg

$3.5 billion

Orders cancelled

2000

Factory closures

4 million

Workers affected

About

TEEK TAKA is an ethical finance platform that seeks to improve labour conditions in global supply chains. We help suppliers in developing markets access working capital in return for participating in a more transparent and responsible system. This enables suppliers to pay their worker’s wages, maintain health and safety standards, and reduce the risks of COVID-19 to ongoing business operations.

Winner
Madrid 2018

Islamic Development Bank

Fintech Challenge

Fellow
London 2019

UK Finance

Innovation Lab

Innovator
Cambridge 2020

Innovators for

Sustainable Fashion

As featured by

International Labour Standards

Promoting labour standards is not only good for business but shares the benefits of trade with some of the most disadvantaged people in the world. At TEEK TAKA, we believe every human being has the right to live and work in dignity. That’s why we enable businesses to build trust and show that they’re serious about worker’s rights. Our platform measures all supplier’s compliance towards the following international labour standards:

Fair Wages

Health & Safety

Worker Well-being

Trade Unions

Sustainability

How does it work?

TEEK TAKA brings buyers, suppliers and investors together on a single platform to ensure better transparency, collaboration and accountability in global supply chains.

Buyers

Buyers commit to improving global supply chains by encouraging suppliers to take part in a more transparent system and approving necessary documents when required.

Suppliers

Suppliers comply with industry standards that protect the rights, safety and well-being of workers. Once verified, they have access to the platform where they can apply for cheaper and faster financing.

Investors

Investors have access to a portfolio of ethical businesses who they can finance, with visibility of crucial sustainability data from all trading parties.

Workers

Workers benefit from a more transparent and accountable system that is committed to improving their livelihood and work conditions.

Textile Tracker

Since COVID-19, fashion brands have cancelled $3.5 billion worth of orders in Bangladesh, approximately 982 million pieces of quality clothing items, much of which had already been produced. Our Textile Tracker maps cancelled orders and connects factories to potential buyers, who can purchase, adapt, or recycle these items and prevent them going to landfill.

Latest News

Consumers mobilise to hold fashion brands to account

Consumers mobilise to hold fashion brands to account

A new wave of social media activists are using their voices to demand accountability and meaningful change in the global fashion industry.
Read More
Sustainable investing set to surge in wake of COVID-19

Sustainable investing set to surge in wake of COVID-19

Investments in companies and funds that factor in environmental, social and governance criteria have fared relatively well during the pandemic.
Read More
ILO partners with BGMEA to create learning hub for workers

ILO partners with BGMEA to create learning hub for workers

Comprehensive virtual safety and training packages targeted at preparing and maintaining safer workforces to be rolled out.
Read More

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Keep in touch

Say hello@teektaka.com or drop us a line.