Norway’s sovereign wealth fund once again sanctioned to invest in Walmart

The Norwegian fund, which manages more than $1 trillion in assets, withdrew from the American retail giant in 2006 “based on an assessment of serious or systematic violations of human rights”, relating to poor working conditions within the company and lack of monitoring of supply chains.

The Council on Ethics, an advisory body that guides the fund’s investments, ruled that “the grounds for exclusion are no longer present”, according to a statement released by the Norwegian central bank, which manages the fund.

The decision concerns Walmart’s American parent company and…
Read more posts norway or read the original

This content was imported with an automated system, without human intervention. You can report the removal of content by first reading our Legal Disclaimer