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Walmart Is Now Ethical Enough for Norway’s $1 Trillion Wealth Fund

  • Fund also now allowed to invest in General Dynamics, Rio Tinto
  • Exclusions on Grupo Carso and Nutrien were also revoked
Inside A Wal-Mart Stores Inc. Location Ahead Of Black Friday
Photographer: Patrick T. Fallon/Bloomberg
Updated on

Norway’s $1 trillion wealth fund revoked its more than decade-long exclusion on Walmart Inc. after the U.S. retailer tightened control over potential human rights abuses in its supply chain.

Walmart has made “positive developments” in monitoring its suppliers, the fund’s Council on Ethics said in a statement released Tuesday.