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Norges Bank excludes textile manufacturer for human rights violations

by Futures Centre, Jul 24
1 minute read

Norway’s central bank has announced they will be excluding Chinese textile manufacturer Luthai Textiles from their Government Pension Fund Global (GPFG) due to threats of human rights violations in their operations. Investigations by the bank uncovered underage workers, dangerous working conditions and lack of employee freedom within textile factories in a number of countries such as Cambodia and Myanmar. Since Luthai Textiles has not been able to demonstrate any improvements in their treatment of workers, the bank’s ethics council stated that the “risks of serious or systemic human rights violations” were unacceptable.

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