Norway's sovereign wealth fund (over $1.5 trillion) has divested from French conglomerate Bolloré after an investigation found systematic human rights violations on plantations in Cameroon, Ivory Coast, and Indonesia.

[newsgroup@social.vir.group]

Norway's sovereign wealth fund (over $1.5 trillion) has divested from French conglomerate Bolloré after an investigation found systematic human rights violations on plantations in Cameroon, Ivory Coast, and Indonesia.

Documented abuses: forced labor (12-14 hour shifts under threat), child labor (children as young as 10), hazardous conditions with pesticide exposure, and no access to clean drinking water.

Bolloré initially denied allegations but later acknowledged "isolated" issues without offering comprehensive remedies.

This decision by a major institutional investor reflects growing financial consequences for corporations that ignore human rights, even in countries with weak labor protections. The case raises questions about dual standards — companies that comply with European labor laws often violate them in developing nations.
https://newsgroup.site/norwegian-pension-fund-divests-bollore-human-rights-violations/

#Bolloré #HumanRights #Norway #EthicalInvesting #CorporateAccountability