Tong Ren Tang Technologies Co. Ltd.
TGRNF
1
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.
Tong Ren Tang Technologies Co. Ltd. is a major producer of traditional Chinese medicine (TCM). The company’s supply chain for medicinal ingredients is linked to severe environmental damage, including deforestation, habitat destruction, and soil contamination. This ecological harm stems from the intensive cultivation and harvesting of wild plant and animal species used in its products.
The company was excluded by Norges Bank Investment Management (NBIM) in 2021 following a recommendation from Norway’s Council on Ethics. The Council’s assessment found an unacceptable risk that Tong Ren Tang Technologies contributes to or is responsible for severe environmental damage through its sourcing of natural ingredients. The specific grounds cited relate to documented ecological destruction from TCM supply chains, which can involve overharvesting of wild resources and conversion of natural habitats for cultivation.
No publicly available remediation plan or sustainable sourcing commitment from the company has been identified to mitigate these risks. The exclusion by a major sovereign wealth fund reflects a material and ongoing risk of severe environmental damage integral to the company’s business model.
Research Sources
1 organization
Related Exclusions
Wondering what we do invest in?
The Naughty List
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.