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All posts tagged shark fin

Sharks and Starbucks: How brand licensees can impact your value

Categories: Recommended Reading
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For those in the world of Corporate Social Responsibility (CSR) and Environmental and Social Governance reporting (ESG), an interesting dynamic is at play in Hong Kong, with a large multinational brand being drawn into the domestic “dirty” laundry of its licensee. The question is whether that local partner, and flagbearer of that brand, is able to find solutions which will not pull the value of the international brand down with its own domestic reputation.

In short, Maxim’s — the licensee of Starbucks in Hong Kong,  Macau, Singapore and Vietnam, with over 180 stores — is also the largest restaurant chain in Hong Kong, and it continues to serve shark fin. This is akin to having a menu option for elephant or rhino.

Read the full article here.

By Doug Woodring for GreenBiz.

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Air China bans shark fin cargo, reflecting dramatic shift in attitudes

Categories: Asia, Private Sector, Recommended Reading, Sea, Wildlife
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shark-fins

Air China has become the first airline in mainland China to ban shark fin cargo, marking a dramatic shift in attitudes toward trade in endangered wildlife here and throwing a lifeline to shark populations threatened with imminent extinction.

The news, released late Friday, came just a week after China announced plans to ban its domestic ivory trade, a landmark decision of vital importance in ending an epidemic of elephant poaching in Africa.

It marks the country’s gradual transformation from being the biggest source of the problem — as the largest market in illegal wildlife products — to becoming a major part of the solution. By Simon Denyer. Read more.

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