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Banks Linked to Endangered Animal Parts in TCM
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Global banks and financial institutions are linked to Chinese pharmaceutical companies using leopard and pangolin parts in traditional Chinese medicine (TCM), prompting calls for divestment. Three listed Chinese firms, including Beijing Tong Ren Tang, Tianjin Pharmaceutical, and Jilin Aodong Pharmaceutical Group, have been accused of using endangered animal parts as ingredients in their products, leading to an investigation by the SEC.
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How does the use of endangered animal parts in pharmaceutical products reflect broader concerns about sustainability and conservation?
How might the divestment of global banks from Chinese pharmaceutical companies impact the pharmaceutical industry and the economy?
What measures can be taken to ensure ethical sourcing of ingredients in traditional Chinese medicine and other industries?
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