The collapse has brought to light the issue of corporate social responsibility. Many Western companies who had products sourced from the factories in Rana Plaza, labor groups, and NGOs are now working together to improve working conditions in Bangladesh, a country where low wages has led to the export garment industry to boom. In May 2013, the Accord on Fire and Building Safety in Bangladesh, a five-year legally binding agreement to maintain safety standards in Bangladesh's textile industry, was signed by major European retailers. In July 2013, a separate alliance of North American retailers was created to address similar issues. Five months after the collapse, a compensation fund was established by the United Nations, the Bangladeshi government, and labor groups to reimburse the families of the deceased and those injured in the collapse.
It is estimated that $40 million is needed to ensure full compensation to all those affected, but only a fraction of that amount has been raised, as some retailers have yet to contribute.
The situation of the garment industry of Bangladesh has improved greatly over the past two years with the implementation of new minimum safety measures, but there is still much left to be done to ensure the protection and security of all workers, as well as bring justice to the victims of the Rana Plaza tragedy.