After focusing on industries like coal and weapons, Norway’s $1 trillion sovereign wealth fund is turning its attention to fashion.

Together with UNICEF, the world’s biggest wealth fund is setting up a network with some of the top fashion companies to improve children’s rights, whether they are exploited in the production of garments and shoes or impacted by the industry in other ways.

Between 10 and 15 companies with a total market value of more than 2 trillion kroner (£182bn) have joined and participated in the network’s first event in Geneva on 27 November, said Carine Smith Ihenacho, the Norwegian investor’s global head of ownership strategies. They include H&M; Kering, the owner of luxury brands such as Gucci and Saint Laurent; and VF, which owns labels such as North Face and Wrangler.

Over the next two years, the group will discuss what can be done to improve the plight of children who often work in sweatshops under appalling conditions. The initiative will also focus on areas such as education, health and nutrition, from access to school to working mothers’ ability to breastfeed.

Read the full article by Mikael Holter about child labor from The Independent