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Norges Bank cuts ties with traditional medicine firm over its use of endangered species

Norges Bank has divested from a major traditional Chinese medicine (TCM) company in the wake of EIA’s major exposé Investing in Extinction, which found the body parts of threatened leopards and pangolins being used as ingredients in at least 88 products. The bank cited an ‘unacceptable risk’ of Tianjin Pharmaceutical Da Re Tang Group Corp […]

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Will an EU court ruling embolden timber traders to sneak illegal timber in from Myanmar?

A new ruling by the EU Court of Justice (CJEU) may partially undo earlier criminal convictions for importing teak from Myanmar in defiance of a previous EU sanctions regime. In April 2021, Hamburg Regional Court’s convicted WOB Timber and Stefan Bührich for imports of Myanmar teak contrary to the previous EU sanctions regime implemented against […]