Norway’s Wealth Fund Excludes Chinese Sportswear Maker Li Ning
- Exclusion is due to risk of human rights abuses in Xinjiang
- Decision based on recommendation by fund’s Council on Ethics
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Norway’s $1.3 trillion sovereign wealth fund excluded Li Ning Co. due to the risk that the Chinese sportswear manufacturer contributes to serious human rights violations.
The decision, announced on the fund’s website, was based on a recommendation by the Council on Ethics, which concluded that there was an “unacceptable risk that the company is contributing to serious human rights abuses in China’s Xinjiang Uyghur Autonomous Region.”