Norway’s wealth fund dropped Page Industries from its portfolio this week, citing findings by its ethics council
Speedo International will investigate a report of possible human rights violations by its Indian partner Page Industries, which Norway’s wealth fund dropped from its portfolio this week, says the UK-based swimwear maker.
The fund’s decision was based on its ethics council’s findings that flagged these concerns and also said Page had violated national regulations on issues such as fire safety. “We take all matters relating to workers and violation of human rights extremely seriously,” Speedo said in a statement late on Wednesday in response to Reuters queries.
The Norwegian fund’s ethics council report said the abuses were found in one of Page’s factories in the southern city of Bengaluru, describing it as “a pattern of behaviour”.
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