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Norway’s Central Bank Cites Major Textile Manufacturers for Ethical Violations

Norges Bank, the central bank of Norway, announced Tuesday that it’s excluding China’s Luthai Textile from the country’s trillion-dollar Government Pension Fund Global (GPFG) due to an “unacceptable risk of serious or systematic human-rights violation.” The world’s largest sovereign wealth fund, GPFG, also known as the Oil Fund, had a 0.57% stake worth $5.7 million…

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