Three top Chinese pharmaceutical companies, which are backed by top global banks, are using endangered animal parts in their medicines, according to an investigation by an environmental protection group.
In a Monday report, the Environmental Investigation Agency UK said it had found 72 companies licensed by China’s drug regulator to be using body parts of leopards and pangolins, two species that face the threat of extinction. Among them are three publicly listed traditional Chinese medicine giants: Beijing Tong Ren Tang, Tianjin Pharmaceutical and Jilin Aodong Medicine.
They also have significant international reach and count a total of 62 banks and financial institutions, including Fortune 500 companies across the globe, as investors, the report said. BlackRock , Citigroup and HSBC were among the shareholders named. BlackRock and Citi declined to comment, while HSBC did not immediately respond to a request for comment from CNN. The EIA is now urging these shareholders to divest their stakes.
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