TIANJIN PHARMACEUTICAL DA REN TANG GROUP CORPORATION LIMITED
600329.SS
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exclusion reason
1 theme
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. But it is subject to change as our understanding of the facts evolves.
Tianjin Pharmaceutical Da Ren Tang Group Corporation Limited is a major Chinese pharmaceutical manufacturer whose operations have been linked to significant environmental violations. The company's manufacturing processes have resulted in documented toxic contamination and ecological damage. In 2022, the company was included on the Norwegian Government Pension Fund Global’s exclusion list, maintained by Norges Bank Investment Management (NBIM), specifically for severe environmental damage. This designation follows an assessment of the company's environmental record, which NBIM determined posed an unacceptable risk of contributing to or being responsible for severe environmental degradation. The exclusion indicates a pattern of environmental negligence or harm associated with the company's production activities, aligning with documented incidents of pollution from pharmaceutical manufacturing in China.
Research Sources
1 organization
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A digest of changes to our exclusion list — new additions, removals, and the evidence behind them. We review the list continuously as new evidence surfaces.
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.
Ethical Capital LLC is a state-registered investment adviser in Utah (CRD #316032). Registration does not imply a certain level of skill or training.