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Norway pension fund’s TCM exclusion highlights ESG balancing act

Twinkle Zhou
Norges Bank Investment Management added four prominent traditional Chinese medicine (TCM) firms to its exclusion list but has also been increasing its emerging market exposure.
Norway pension fund’s TCM exclusion highlights ESG balancing act

The exclusion of four prominent traditional Chinese medicine (TCM) firms by the $1.4 trillion Norges Bank Investment Management (NBIM) underscores the difficulties of balancing sustainable investment practices with opportunities in emerging markets, experts told AsianInvestor.

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