Norway wealth fund excludes three firms for alleged human right violations

Formosa Taffeta Co

31/08/2020 09:07

OSLO, Aug 31 (Reuters) - Norway's $1 trillion wealth fund
has excluded Taiwan's Formosa Chemicals and Fibre  1326.TW  and
Formosa Taffeta  1434.TW , as well as India's Page Industries
 PAGE.NS , from its portfolio for alleged human rights
violations related to the way the firms produce textile, the
Norwegian central bank said on Monday.
    The fund's management will also scrutinise oil firm
PetroChina's  601857.SS  work to prevent corruption. The company
had been under observation for possible exclusion since 2017.

 (Reporting by Gwladys Fouche, editing by Terje Solsvik)
 ((gwladys.fouche@tr.com; +47 21 04 05 53; Reuters Messaging:
Twitter handle: @gfouche))