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Published on Monday, 05 October 2015

Wealth fund singles out textile sector

Written by John Mowbray

deposit phptos – © lightsource

OSLO - The ethics council that advises an US$820 billion sovereign wealth fund portfolio in Norway has said it will focus textile manufacturers in the fund, with possible exclusion for those that breach ethical and sustainability standards. The news is the latest indication that investors are placing a growing emphasis on sustainability and follows closely on a decision by Nordea Asset Management, a unit of Scandinavia's biggest bank, to investigate suppliers to H&M.