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STOCKHOLM – A number of Nordic shareholders and investors in H&M have responded to accusations that they are failing to hold the Swedish fast fashion giant to account over the issue of living wages. Sparebank, a Norwegian savings bank which held shares in H&M from 2014 to 2018, said that while the fashion retailer has made progress on living wages, the rate of progress “has been too slow.” Storebrand Asset Management, meanwhile, said that as a leader in the industry, it “is urgent that H&M continues to work for meaningful change.”

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