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China Traditional Chinese Medicine Holdings Co. Limited

0570.HK

2

exclusion reasons

1 theme

Environmental Harm (2)
0570.HK Current as of March 2026

China Traditional Chinese Medicine Holdings Co. Limited is screened out under 2 exclusion reasons spanning 1 issue category.

This page is part of our public exclusion list — a transparency tool that shows which companies we screen out and why. It is not investment advice, and it is not an accusation. It is a statement of values.

Environmental Damage
Since Mar 12, 2026

China Traditional Chinese Medicine Holdings Co. Limited manufactures and markets pharmaceutical products containing body parts from globally threatened species, including saiga antelope horn, leopard bone, and pangolin scales. The company’s core business model is predicated on ingredients linked to illegal wildlife trade and species extinction risk—a practice the Norwegian Government Pension Fund Global’s Council on Ethics cited as an “unacceptable risk of contributing to severe environmental damage” when it excluded the firm in September 2021. The company provides no public data on the volume of threatened species parts it uses, their origin, or its stockpile management, rendering its supply chain opaque and its impact unquantifiable.

The company operates within a Chinese regulatory framework that maintains exemptions for the medicinal use of pangolin scales, leopard bone, and other threatened wildlife, despite broader bans on wildlife consumption. This legal carve-out facilitates a persistent industrial demand that drives poaching and trafficking—as evidenced by large-scale seizures of pangolin scales destined for the traditional Chinese medicine industry. The Environmental Investigation Agency notes the industry’s vast consumer base presents a “significant threat to the survival of endangered species.”

China Traditional Chinese Medicine Holdings has disclosed no specific plans to reformulate its products or replace threatened species ingredients with sustainable alternatives. The absence of any public transition strategy, coupled with the lack of supply chain transparency, means the company’s operations continue to contribute directly to documented ecological harm and the erosion of global biodiversity.

Research Sources 1 organization
External

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Companies appear on our exclusion list based on our investment judgment — not because they've done anything illegal. This is a difference of values and opinion, not an accusation of wrongdoing. Exclusion does not constitute a recommendation against investing in any company, and absence from the list does not constitute a recommendation to invest.

This information is provided for educational and transparency purposes only and should not be relied upon as investment advice. Data is drawn from independent watchdogs, NGOs, government registries, and Ethical Capital's ongoing research — see Research Sources for the full list.

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