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Home › Dodgy Deals ›
Dodgy Deal
JBSBrazil

Company – Active

This profile is actively maintained
Profile by:
BankTrack
Contact:

nature@banktrack.org

Last update: 2025-04-22 00:00:00
Protest outside BMO during COP15. Photo: Forest & Finance

Company – Active

This profile is actively maintained
Profile by:
BankTrack
Contact:

nature@banktrack.org

Last update: 2025-04-22 00:00:00
Why this profile?

Why this profile?

JBS exemplifies the wide array of problems associated with industrial meat production. The company has well documented links to illegal deforestation in the Brazilian Amazon, slave and child labour, and violence against and encroachment of Indigenous lands. It has also been embroiled in several major corruption scandals and is the largest emitter of greenhouse gas emissions in the meat and dairy sector. The company has repeatedly failed to tackle deforestation, human rights violations, or its indirect emissions throughout its direct and indirect supply chains. In the United States alone, JBS has a long record of environmental and employment violations.

What must happen

Banks and other financial institutions should immediately drop JBS as a client. They must also have robust policies in place that exclude companies like JBS which repeatedly break the law and fail to meet international standards or their own commitments related to the environment and human rights protection. 

About
Take Action!
Drop JBS
Sectors Industrial Livestock Production , Commodities Trading
Headquarters
Ownership
listed on Brazil Stock Exchange

J&F Investimentos, owned by the Brazilian Batista family, holds a controlling portion of shares of 39.99%. JBS' complete shareholder structure can be accessed here.

Subsidiaries
JBS USA – United States
Pilgrim's – United States
Seara Foods – Brazil
Website http://www.jbs.com

JBS is the largest meat processing company in the world, producing factory processed beef, pork and poultry products as well as selling by-products from the processing of these meats. Its products are distributed under various brand names, such as Friboi, Swift, Bertin, Pilgrim's, and others. The company also operates related businesses, such as leather, biodiesel, personal care and cleaning, solid waste management, and metal packaging. It has 400 production units, facilities, and offices, of which 230 are used for the production of beef, pork, lamb, and poultry products. JBS is headquartered in São Paulo and has 150 industrial plants around the world.

Impacts

Impact on human rights and communities

Slave labour The use of slave labour is common in the livestock industry. Despite claims that it has monitoring mechanisms in place that block suppliers including on the “dirty list” – a federal government register that lists employers caught perpetrating this type of crime – numerous reports have repeatedly found that JBS sources from ranchers using slave labour. In 2022, Global Witness reported that JBS had bought cattle from a family of ranchers called Seronni who were alleged to have used slave labour as well as being previously accused of land-grabbing. Greenpeace has also reported that JBS has sourced almost 9,000 cattle from rancher Chaules Pozzebon or his family. Pozzebon is currently serving a 99-year sentence for crimes including leading a criminal gang and has been separately convicted of using slave labour. 

Encroachment of Indigenous Peoples land JBS has been accused of sourcing cattle from Amazon land that has been seized from Indigenous Peoples and violent landgrabbers. In 2020, a report by Amnesty International found that JBS has contributed to human rights abuses – including intimidation, threats, forced displacement and murder – against Indigenous peoples and residents of three Indigenous reserves in the Brazilian state of Rondônia by participating in the economic incentives for cattle illegally grazed in protected areas. Investigations by Repórter Brasil have exposed how JBS has bought cattle from the Três Rios farm in Canarana that has illegally raised cattle on the Naruvôtu Pequizal Indigenous Land. The damage caused by this activity has affected almost 10% of the total area of this Indigenous territory and the rancher has been fined R$10.9 million. 

Poor working conditions JBS has been linked to poor working conditions in Brazil and the US. A 2019 report by Oxfam-US found that violations of workers' basic rights, such as denying bathroom breaks, were being violated in poultry facilities including some owned by JBS subsidiary Pilgrim’s Pride. Human Rights Watch has also reported on the rate of serious injuries to workers in US meat and poultry plants, including facilities owned by JBS subsidiaries. It has been reported that JBS US subsidiaries have been fined nearly US$34 million for employment-related offences since 2000. 


Impact on climate

Methane emissions JBS is responsible for enormous greenhouse gas emissions, primarily in the form of methane from livestock. A study by the Institute for Agriculture and Trade Policy (IATP) and the Changing Markets Foundation found that JBS’ annual emissions footprint for 2021 was an estimated 287.9 million tonnes of CO2 equivalent, which exceeds the overall emissions of Spain. The analysis found that, compared with 14 other global meat and dairy giants, JBS alone is responsible for 40% of the estimated livestock emissions. While JBS has committed to reaching net zero by 2040, this commitment only takes into account its direct emissions, failing to tackle its indirect supply chain emissions which account for 97% of its impact. 

“Green” bonds In January 2023, Mighty Earth submitted a complaint to the US Securities and Exchange Commission (SEC) about a JBS “green bond” on the basis that the company has concealed the true scale of its emissions footprint since 2017 by not disclosing the number of animals it slaughters annually, which are the primary source of its GHG emissions. These concerns were echoed by the US National Advertising Division which recommended that JBS stop using its 2040 net zero target in its advertising as the company’s record “does not support the message conveyed” about its climate aspirations.


Impact on nature and environment

Deforestation As far back as 2009, Greenpeace Brazil revealed how JBS and other major meatpackers frequently bought cattle from ranches linked to deforestation. Following this investigation, JBS signed the voluntary Zero Deforestation Cattle Agreement, in which it committed to not source from farms involved in any deforestation, slave labour, or invasions of indigenous lands and protected areas. Despite this, JBS continues to be linked to illegal deforestation throughout its supply chain on multiple occasions. It is estimated that between 2008 and 2020, JBS’ total deforestation footprint is as high as 200,000 hectares in its direct supply chain and 1.5 million hectares in its indirect supply chain. In December 2020, Global Witness reported that, in just one Amazon state between 2017 and 2019, JBS bought from 327 ranches with 20,000 football fields worth of illegal deforestation. The investigation also found that JBS fails to monitor approximately 3,270 ranches further up its supply chain containing an estimated 98,000 hectares of deforestation. JBS is ranked as the worst performing company in Mighty Earth’s Soy and Cattle Deforestation tracker, scoring only 1 out of a possible 100, which scores companies based on the extent, severity and response to forest clearance in their supply chains. 

JBS’ net zero plan falls short with regards to its commitment on deforestation. Its plans allow the company to continue to source cattle linked to illegal deforestation in the Amazon and other biomes until 2025 and it has not committed to eliminate all deforestation from its entire supply chain until 2035. However, given the historical commitments made by JBS, there are serious concerns that these commitments will not be met. 

Water pollution JBS has been accused of causing water pollution from its slaughterhouses and meat processing facilities in the US. A 2018 report by the Environmental Integrity Project linked eleven JBS-owned slaughterhouses to the nitrogen pollution in numerous rivers across the US. Many of these problems were linked to Pilgrim’s Pride, a JBS subsidiary and one of the largest poultry producers in the US. Mighty Earth has reported that, in 2018 alone, Pilgrim’s Pride’s poultry division produced over 725,000 tonnes of manure and discharged 16,973,640 lbs of water polluting toxins from its facilities between 2012 and 2017.


Impact on pandemics

The further expansion of intensive livestock farming increases the risk of new zoonotic diseases emerging, directly because the expansion of land used for grazing near nature areas increases contact between cattle and wild animals, risking spillover events, and indirectly because the circumstances in which livestock is kept in industrial meat production facilities creates breeding grounds for new varieties of viruses and spillover risks to humans working closely with livestock. The expansion of soy production into previously forested land to be used as feedstock also increases risks, as deforestation and agricultural system change are both considered significant factors in the emergence of zoonotic and vector-borne diseases. In addition, the World Health Organisation has stated that the overuse of antibiotics for livestock is considered one of the biggest current threats to global health, food security, and development. JBS has been ranked as ‘High Risk’ on the FAIRR Initiative’s Emerging Disease Risk Ranking, meaning they score poorly across a set of seven criteria vital to preventing future zoonotic pandemics such as welfare conditions for both animals and workers. 

COVID-19 The COVID-19 pandemic showed that workers in slaughterhouses were disproportionately impacted by the virus due to poor working conditions that allowed the virus to thrive and spread. During the pandemic, JBS’ priority was to keep meat processing facilities running with as many workers as possible, with workers in both Brazil and the US reporting that they are forced to work while sick and measures on social distancing and wearing masks were not in place. In 2020, there were two outbreaks in JBS’ largest US plants in Colorado and Minnesota. In July 2020, worker advocacy groups filed a civil rights complaint against both Tyson and JBS on their failure to prevent coronavirus outbreaks among their largely black and Latino workers, alleging that this amounted to racial discrimination. JBS was fined, but later contested this and refused to pay the fine. In Brazil, JBS was the only meatpacking company that resisted an agreement with the Brazilian Public Labour Ministry (MPT) to improve worker safety, until MPT stopped operations at 12 of JBS’ plants and the company took some steps to protect its workers. In August 2020, the MPT estimated that one in five Brazilian meatpacking workers had contracted COVID-19. Outbreaks at the meatpacking facilities made up a large proportion of cases in the local areas around the plant, in both the US and Brazil.


Other impacts

Corruption and bribery The scale of allegations of bribery against JBS stretches from meat inspectors to the highest office in Brazil. Operation ‘Car Wash’ was set up to investigate the bribery scandal that engulfed the Brazilian oil firm Petrobras in 2014. An astonishing network was revealed, stretching far beyond a single company and ultimately bringing down the Brazilian government. In January 2017, JBS executives approached prosecutors offering information on corruption in exchange for leniency as part of Operation Car Wash. One executive admitted to bribing 1,829 politicians to the tune of almost US$100 million. In May 2017, Joesley and Wesley Batista, along with five other executives, signed a plea deal admitting to bribery of politicians. In the same month, JBS was investigated by enforcement authorities in Operation Bullish under suspicion of receiving illegal advantages when securing financing from BNDES. JBS later agreed to pay 10.3 billion Reals (US$3.2 billion) in fines for its role in the various corruption scandals.

Financiers
Institution type
Finance type
Year
Governance
Bank policies
The following bank investment policies apply to JBS:
Crédit Agricole
2015-12-02 00:00:00

CSR Sector Policy - Forestry & Palm Oil

Bank policy
2015-12-02 00:00:00 | Crédit Agricole CIB
BNDES
2016-05-04 00:00:00

Environmental guidelines for cattle-raising

Bank policy
2016-05-04 00:00:00 | BNDES
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2025-04-18 | Washington | The Wall Street Journal
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JBS inches closer to US listing as state shareholder abstains from key vote

2025-03-18 | Sao Paulo | Reuters
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China temporarily halts beef imports from three Brazilian plants

Suspension follows reported detection of pesticide residues above acceptable limits in a shipment
2025-03-05 | Brasília | Valor International
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Cheap US Beef at Risk as Trump Seeks to Deport Haitian Workers

2025-03-04 | Colorado, USA | Bloomberg via Yahoo Finance
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Greenpeace richt pijlen op Zuidaskantoor Loyens & Loeff om beursgang vleesgigant JBS te frustreren

2025-02-12 | Netherlands | Financial Times
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Greenpeace challenges JBS’ New York Stock Exchange listing and Netherlands move over links to corruption, deforestation and emissions

2025-02-12 | Greenpeace
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‘Climate Risk is Financial Risk’: Banks Financing Big Meat & Dairy Face Billions in Losses

2025-02-10 | Green Queen
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Court Dismisses Suit Against Meatpacker JBS Over Climate Impact

2025-01-16 | Bloomberg Law
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Exclusive-Brazilian meatpacker JBS says net-zero emissions pledge was 'never a promise'

2025-01-15 | Reuters
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US Labor Department enters deal with JBS to assist those affected by child labor

2025-01-13 | Washington | Reuters
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Call for outgoing SEC chair to junk JBS IPO

2024-12-20 | Mighty Earth
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JBS Jumps on $2.5 Billion Meatpacking Project in Nigeria

Facilities will increase JBS’s exposure to less mature markets
2024-11-27
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World Animal Protection Response to JBS Expansion into Nigeria

2024-11-27 | Nigeria | Business Ghana
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Major banks fueling biodiversity collapse by $395 billion since the Paris Agreement; Governments failing to reign in banks

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2024-10-16 | San Francisco | BankTrack, Amazon Watch, CED Cameroon, Friends of the Earth US, Milieudefensie, Profundo, Rainforest Action Network, Repórter Brasil, Sahabat Alam Malaysia, TuK INDONESIA
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Meat giant, JBS, guts human rights commitments and sidesteps climate scrutiny in bid for NYSE listing

Thirty eight investors and NGOs urge shareholders to suspend investment in JBS as SEC application delays continue
2024-10-02 | New York | Global Witness, Mighty Earth
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ESG-Focused Investors Ask SEC to Block JBS’s Listing in US

2024-10-02 | Bloomberg
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Barclays earned $1.7 billion from company tied to Indigenous land invasion

Financial powerhouses including Barclays, Vanguard and BlackRock made millions from financing Brazilian meatpacker JBS
2024-09-26 | London | Global Witness
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Many Still Looking Away From JBS S.A.

2024-08-08 | Simply Wall St
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ESG funds funnel millions into deforestation-risk company

2024-08-06 | Global Witness
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The New Merchants of Doubt: How big meat and dairy avoid climate action

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2024-07-18 | Changing Markets
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Breaking: We’re asking the SEC to investigate world's largest meat company's animal welfare promises

The Humane Society of the United States lodged complaint with the US SEC against JBS and Pilgrim’s Pride
2024-06-17 | Humane Society of the United States
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Breaking: We’re asking the SEC to investigate world's largest meat company's animal welfare promises

2024-06-17 | Humane World for Animals
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Land grabbing case in Brazil links meatpackers to corruption and money launder

Investigations point to the involvement of invaders and deforestators expelled from the Guajará Mirim State Park with a gang accused of crimes against the country's financial order. Several of them supplied cattle to JBS, Marfrig and Frigon
2024-05-23 | Rondônia, Brazil | Reporter Brasil
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JBS is fined R$170 million by the CGU for paying bribes to the person responsible for inspecting the slaughterhouse

2024-05-23 | G1
Blog
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Research: Rabobank invests billions in chickens and deforestation

Rabobank uses billions of euros to finance companies that cause massive animal suffering and deforestation – against its own sustainability policy. 
2024-05-23 | World Animal Protection
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Brazil's JBS earns nearly $320 mln in Q1, beating analysts expectations

2024-05-14 | Reuters
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JBS announces issuance of R$1.5 billion in CRAs of up to 20 years

2024-04-30 | The Agri Biz
Blog
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New study: Financing for industrial livestock undermines U.S. banks’ climate commitments

Bank of America, Citigroup, and JPMorgan Chase responsible for more than half of the $134 billion in financing examined in the report
2024-04-10 | Washington D.C. | Friends of the Earth, Profundo
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New York is suing the world’s biggest meat company. It might be a tipping point for greenwashing

2024-04-05 | New York | Guardian
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New Report: Bankrolling Ecosystem Destruction

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2024-03-27 | Amsterdam | Greenpeace International, Harvest, Milieudefensie
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Brazil's JBS Q4 profit comes in far below analysts expectations

2024-03-26 | Sao Paulo | Reuters
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Politicians, NGOs and the judiciary want to ban meat giant JBS from Wall Street

2024-03-25 | Financial Times Netherlands
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How Dutch banks finance agrilobby in Brazil

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2024-03-21 | Amsterdam | Eerlijke Bankwijzer, Fair Bank Guide Netherlands
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Still butchering the planet

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2024-03-18 | London | Feedback
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Banks driving increase in global meat and dairy production, report finds

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2024-03-18 | London | the Guardian
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2024-03-12 | Nijmegen | BankTrack
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JBS struck off SBTi climate commitment register

2024-03-11 | Just Food
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Tyson, JBS to pay $127 million to resolve workers' wage-fixing lawsuit

2024-03-11 | Reuters
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Everyone knows the Amazon is in crisis. But next door, another ecological catastrophe is unfolding.
2024-02-21 | Global Witness
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New report by Global Witness "The Cerrado crisis: Brazil’s deforestation frontline"

Deforestation footprint of Brazil’s three biggest meat companies five times larger in fragile Cerrado than in Amazon
2024-02-21 | Global Witness
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World’s Top Meat Supplier Should Not Join NYSE, UK Lawmakers Urge

2024-01-09 | Bloomberg
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Major bank and investor policies accelerating forest destruction, biodiversity loss, climate chaos and rights violations

New analysis documents $307 billion flowing from big finance into forest-risk commodities driving massive tropical deforestation
2023-12-04 | BankTrack, Forests & Finance Coalition
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UK banks providing billions in financing to big livestock corporations responsible for higher greenhouse gas emissions than UK and Ireland

2023-12-01 | Feedback
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Complaint filed against French banks for money laundering and concealment of proceeds from illegal deforestation in the Amazon

2023-11-08 | Paris & Brasilia | Center for Climate Crime Analysis, Harvest, Sherpa, Transparency International
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New database names companies blacklisted by global investors and banks

2023-10-04 | The Hague, San Francisco | BankTrack, Both ENDS, Environmental Paper Network, Fair Finance International, Forests & Finance, Health Funds for a Smokefree Netherlands, Milieudefensie, PAX, Profundo, Rainforest Action Network
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Risks ahead of meatpacker JBS’ NYSE listing: “Wall Street: Steer clear of JBS”

Citigroup, Bank of America, BlackRock, Vanguard and more are enabling JBS’s environmental destruction & human rights abuses
2023-09-22 | New York | Friends of the Earth
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Understanding how Brazilian banks finance agribusiness

2023-07-03 | Fair Finance International
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Challenging banks on their Dodgy Deals this AGM season

Our AGM wrap up blog
2023-06-27 | Natasha Ion – BankTrack
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JBS pulls 'aspirational' net zero claims as confusion about environmental claims mount

2023-06-21 | FoodNavigator USA
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More than 800m Amazon trees felled in six years to meet beef demand

2023-06-02 | The Guardian
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Barclays revealed to be biggest financier of discredited meat giant JBS yet new forest policy will not stop the finance flowing

2023-05-03 | BankTrack, Feedback Global, Mighty Earth
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Barclays toughens deforestation rules for beef sector clients

BankTrack mentioned
2023-05-03 | Reuters
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Global Witness calls on financiers to stop bankrolling rainforest beef, after official audit reflects findings about JBS

2023-03-14 | Global Witness
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This Dutch Bank Is Financing the Meat Industry’s Biggest Emitters

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2023-02-06 | Sentient Media
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Milieugroepen roepen Rabobank op te stoppen met financieren vleesindustrie

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2023-01-31 | Netherlands | Financieel Dagblad
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Rabobank called on to stop billions of dollars in finance to polluting industrial meat and dairy companies

2023-01-31 | BankTrack, Feedback, Feedback Global, World Animal Protection
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Mighty Earth files complaint with US Securities and Exchange Commission against JBS ‘green bonds’

2023-01-18 | Mighty Earth
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2023-01-18 | The Washington Post
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2023-01-17 | London | Changing Markets, Planet Tracker
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Brazil audit finds 17% of cattle bought by JBS came from 'irregular' ranches

2022-12-15 | Reuters
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Bank of Montreal's links to massive, illegal Amazon deforestation condemned by Indigenous leaders during biodiversity summit

2022-12-08 | Montreal, Canada | Forests & Finance Coalition
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JBS, Marfrig, and Minerva unlikely compliant with upcoming EU deforestation law

2022-11-30 | Chain Reaction Research
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2022-11-14 | Natasha Ion – BankTrack
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2022-10-19 | Hannah Greep – BankTrack
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Global bank policies ‘dangerously inadequate’ to prevent financing of deforestation, climate chaos and human rights abuses

As the climate and biodiversity crisis intensifies, credit to forest-risk commodity companies increased 160% between 2020 and 2021.
2022-10-18 | Forests & Finance Coalition
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Chicken in British supermarkets ‘linked to deforested Amazon’

Investigation found that JBS poultry were fed on soya beans and corn from deforested areas
2022-10-06 | The Guardian
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JBS and environmentalists at odds over Italy-sized emissions claims

2022-08-25 | The Grocer
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2022-07-04 | Unearthed
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Banks and financiers back beef giant JBS to the tune of almost $1bn despite links to widespread deforestation, land grabbing and slave labour in the Amazon

2022-06-23 | Brazil | Global Witness
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Cash Cow - How beef giant JBS’s links to Amazon deforestation and human rights abuses are aided by UK, US and EU financiers, importers and supermarkets

2022-06-23 | Global Witness
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Barclays is big on beef and burning

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2022-05-04 | Hannah Greep – BankTrack
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Banco Santander takes a step on big oil, but what about big meat?

2022-05-02 | Nijmegen, The Netherlands | Sumeyra Arslan – BankTrack
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Investors and supermarkets urged to drop JBS after shock rise in its climate emissions

2022-04-21 | DeSmog, Feedback Global, Institute for Agriculture and Trade Policy (IATP), Mighty Earth
Blog
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Dutch financial sector European frontrunner in financing deforestation

2021-12-08 | Milieudefensie
Blog
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Activists tell banks and investors to stop doing business with the world’s largest meat company JBS

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2021-11-03 | BankTrack, Forests & Finance
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Subvertising stunt sees spoof Santander ads in Glasgow bus stops, two days before COP26 begins in the host city

2021-10-29 | Glasgow | BankTrack, Subvertisers
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Spoof Santander posters appear across Glasgow ahead of COP26

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BankTrack mentioned
2021-10-29 | Glasgow | The National
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Behind the curtain of the JBS net zero pledge

2021-10-28 | IATP
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Top global banks and investors made an estimated USD 1.74 billion in income since Paris Climate Agreement from deals with agribusinesses linked to destruction of climate-critical forests and human rights abuses

2021-10-21 | Global Witness
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As blazes on embargoed Amazon land surge, links to meat industry emerge

2021-08-02 | Mongabay
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Brazilian meat company JBS issues "sustainability-linked" bonds: Forests & Finance coalition responds

2021-06-25 | Forests & Finance
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JBS shows SLB label is nothing without scrutiny

2021-06-18 | Global Capital
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Safeguard biodiversity - finance less meat and more plants.

On International Biodiversity Day, Fair Finance Netherlands is calling for Dutch banks to safeguard environmental biodiversity by supporting the transition from predominantly meat based to plant-based diets instead.
2021-05-27 | Fair Finance International
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Stock indices let Brazil meatpackers shed ties to deforestation, draw investors

2021-04-22 | Mongabay
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Brazil's JBS to buy plant-based meat company vivera for 341 mln euros - filing

2021-04-20 | Reuters
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JBS extends immunity to forest criminals to feed its supply chain until at least 2035 in surreal ‘global commitment’

"Its new announcement couldn’t make it more clear: JBS will continue to fuel deforestation in the Amazon and beyond for at least another 14 years, and fuel the climate crisis well after that."
2021-04-06 | Greenpeace
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JBS Makes Global Commitment to Achieve Net-Zero Greenhouse Gas Emissions by 2040

2021-03-25 | JBS
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Big banks make a dangerous bet on the world’s growing demand for food

While banks and asset managers are promising to divest from fossil fuels, they are expanding investments in high-carbon foods and commodities tied to deforestation.
2021-03-07 | Inside Climate News
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Beefing up risk: the exposure of JBS’ financiers to financial, regulatory and reputational risks

2021-02-11 | Marília Monteiro - BankTrack, Merel van der Mark - Environmental Paper Network
BankTrack news BankTrack blog Partner news Partner blog

Investigation: Dutch, Japanese pension funds pay for Amazon deforestation

2021-02-05 | Mongabay
BankTrack news BankTrack blog Partner news Partner blog

Big Meat: facing up to the demands for sustainability

2021-01-29 | Financial Times
Blog
BankTrack news BankTrack blog Partner news Partner blog

Major global banks complicit in widespread destruction of the Amazon rainforest linked to Brazilian beef companies, and international audits flawed

2020-12-03 | Global Witness
BankTrack news BankTrack blog Partner news Partner blog

How Morgan Stanley is linked to deforestation in the Amazon

2020-11-27 | Mongabay and Reporter Brasil
BankTrack news BankTrack blog Partner news Partner blog

Queimadas na Amazônia são 3 vezes mais comuns em áreas próximas a frigoríficos

2020-11-22 | Repórter Brasil
BankTrack news BankTrack blog Partner news Partner blog

JBS, Marfrig e Minerva seguem comprando gado de áreas desmatadas irregularmente

2020-11-22 | Climainfo
BankTrack news BankTrack blog Partner news Partner blog

Brazilian meat giants linked to farmer charged with Amazon massacre

2020-11-21 | Earthsight
BankTrack news BankTrack blog Partner news Partner blog

Satellites, maps and the flow of cattle: Brazilian solutions for reducing deforestation are already in use

2020-11-12 | Mongabay
BankTrack news BankTrack blog Partner news Partner blog

The Chain: Spike in Fire Alerts Within Sourcing Regions of Top Brazilian Meatpackers Increases Investor Risk

2020-10-31 | Chain Reaction Research
Blog
BankTrack news BankTrack blog Partner news Partner blog

American financiers invested more than USD 18 billion in companies linked to Indigenous Rights violations in the Brazilian Amazon

2020-10-27 | Brasília, Brazil and Oakland, USA | Amazon Watch, Association of Brazil’s Indigenous Peoples (APIB)
BankTrack news BankTrack blog Partner news Partner blog

UK purchased £1bn of beef from firms tied to Amazon deforestation

2020-09-21 | The Bureau of Investigative Journalism
BankTrack news BankTrack blog Partner news Partner blog

Despite Progress, Brazilian Meatpacking Companies Still Cannot Promise ‘Deforestation-Free’

Despite Progress, Brazilian Meatpacking Companies Still Cannot Promise ‘Deforestation-Free’
2020-09-21 | Greenpeace
BankTrack news BankTrack blog Partner news Partner blog

How Morgan Stanley is linked to deforestation in the Amazon

2020-09-17 | Mongabay and Reporter Brasil
BankTrack news BankTrack blog Partner news Partner blog

BlackRock silent on livestock in latest global warming policy

2020-09-09 | Repórter Brasil
BankTrack news BankTrack blog Partner news Partner blog

Banks are fueling deadly fires, Covid-19 threatens to compound the risks

2020-09-08 | forestsandfinance.org
BankTrack news BankTrack blog Partner news Partner blog

Investors drop Brazil meat giant JBS

2020-08-27 | The Guardian
BankTrack news BankTrack blog Partner news Partner blog

Investors drop Brazil meat giant JBS

Top investment house delists world biggest meat producer over lack of commitment to sustainability issues
2020-07-28 | The Guardian
BankTrack news BankTrack blog Partner news Partner blog

Brazil: Cattle illegally grazed in the Amazon found in supply chain of leading meat-packer JBS

2020-07-16 | Amnesty International
Blog
BankTrack news BankTrack blog Partner news Partner blog

Butchering the Planet: the big-name financiers bankrolling livestock corporations and climate change

New Feedback's report draws attention to the environmental impacts of the livestock industry
2020-07-13 | Feedback Global
BankTrack news BankTrack blog Partner news Partner blog

Greenpeace liga frigoríficos a criação ilegal de gado em área protegida

Fazendas localizadas ilegalmente em unidade de conservação no Mato Grosso são fornecedoras de frigoríficos como Marfrig, Minerva e JBS, diz levantamento. ONG critica falhas no monitoramento e incentivo à grilagem.
2020-06-04 | Deutsche Welle
BankTrack news BankTrack blog Partner news Partner blog

How deforestation and cattle raising threaten biodiversity in Brazil

2020-06-04 | Greenpeace
BankTrack news BankTrack blog Partner news Partner blog

UK military beef supplier linked to illegal deforestation in Brazil

Beef sourced by Ministry of Defence in Bahrain comes from Frigorifico Sul, a firm that purchased thousands of cattle from ranchers fined R$33.5m (£6m) for environmental breaches
2020-04-28 | Earthsight
Blog
BankTrack news BankTrack blog Partner news Partner blog

New letter from 30 organisations urges investors and banks to note major risks of exposure to Amazon deforestation of buying shares in global meatpackers JBS and Marfrig

2019-12-11 | Global Witness
BankTrack news BankTrack blog Partner news Partner blog

The Chain: JBS backtracks on transparency as reputation risks grow

2019-10-15 | Chain Reaction Research
BankTrack news BankTrack blog Partner news Partner blog

Money to burn

More than 300 banks and investors back six of the world’s most harmful agribusinesses to the tune of $44bn
2019-09-23 | Global Witness
Blog
BankTrack news BankTrack blog Partner news Partner blog

Global NGOs: Dirty Dozen Companies Driving Deforestation Must Act Now to Stop the Burning of the World's Forests

Groups call for the immediate suspension of all business and financing with traders active in the Brazilian Amazon "The Amazon is on fire. Corporations share the blame. They need to become part of the solution."
2019-08-30 | Amazon Watch
BankTrack news BankTrack blog Partner news Partner blog

Revealed: How the global beef trade is destroying the Amazon

2019-07-02 | The Bureau of Investigative Journalism
BankTrack news BankTrack blog Partner news Partner blog

The swashbuckling meat tycoons who nearly brought down a government

2019-07-02 | The Guardian
Blog
BankTrack news BankTrack blog Partner news Partner blog

Complicity in Destruction II

How northern consumers and financiers enable Bolsonaro's assault on the Brazilian Amazon
2019-04-25 | Amazon Watch
BankTrack news BankTrack blog Partner news Partner blog

Operation Car Wash: Is this the biggest corruption scandal in history?

2017-06-01 | The Guardian
BankTrack news BankTrack blog Partner news Partner blog

Greenpeace Brazil Suspends Negotiations with Cattle Giant JBS

2017-03-23 | Greenpeace
BankTrack news BankTrack blog Partner news Partner blog

Brazilian beef giants agree to moratorium on Amazon deforestation

2009-10-07 | Mongabay
Resources
Documents
Links
2024-10-16 00:00:00

Banking on biodiversity collapse 2024

Partner publication
2024-10-16 00:00:00 | Forest and Finance Coalition
2024-10-02 00:00:00

JBS Investor Briefing October 2024

Partner publication
2024-10-02 00:00:00 | Mighty Earth, Global Witness
2024-06-11 00:00:00

JBS USA Food Company announced the commencement of tender offers to purchase for cash its outstanding series of notes

JBS notice to the market
Company document
2024-06-11 00:00:00 | Securities and Exchange Commission (SEC); JBS
2024-05-29 00:00:00

Who Bought Apyterewa’s Illegal Cattle?

How cattle raised illegally in an Indigenous Territory in the Brazilian Amazon were laundered into the supply chains of JBS and Frigol
NGO document
2024-05-29 00:00:00 | Environmental Investigation Agency
2024-05-23 00:00:00

Blocking a better world altogether

Rabobank’s bogus policy about animal welfare and sustainable agriculture
Partner publication
2024-05-23 00:00:00 | World Animal Protection
2024-04-26 00:00:00

Failure to Act

Preventable Destruction in the Amazon and Cerrado surges by over 18,000 hectares as JBS ignores deforestation alerts
Partner publication
2024-04-26 00:00:00 | Mighty Earth, AidEnvironment
2024-04-09 00:00:00

Feeding inequality

The hidden costs of Brazil's meat industry monopoly
Other document
2024-04-09 00:00:00 | Raisa Pina, Tiny Beam Fund
2024-03-27 00:00:00

JBS B.V. new F4 submission to the US Securities and Exchange Commission (SEC)

Other document
2024-03-27 00:00:00 | SEC
2024-03-26 00:00:00

Bankrolling Ecosystem Destruction

EU banks have poured €256 billion into sectors that threaten nature and climate 
Partner publication
2024-03-26 00:00:00 | Greenpeace International, Milieudefensie, Harvest
2024-03-18 00:00:00

Still Butchering the Planet

Partner publication
2024-03-18 00:00:00 | Feedback
2024-03-21 00:00:00

How the Netherlands finances agrilobby in Brazil

A case study for the Fair Bank Guide Netherlands
Partner publication
2024-03-21 00:00:00 | Fair Bank Guide Netherlands
2024-02-21 00:00:00

The Cerrado crisis: Brazil’s deforestation frontline

Partner publication
2024-02-21 00:00:00 | Global Witness
2024-02-21 00:00:00

JBS Overview and Business Update (February 2024)

Company document
2024-02-21 00:00:00 | JBS
2023-11-30 00:00:00

Bankrolling the butchers

The role of UK banks in financing industrial meat and dairy corporations
Partner publication
2023-11-30 00:00:00 | Feedback
2023-09-20 00:00:00

JBS S.A. Dual Listing: A collective warning of risks to people, planet and investors

NGO document
2023-09-20 00:00:00 | BankTrack et al.
2023-05-03 00:00:00

A Rotten Business: How Barclays became the go-to bank for JBS, one of the world's most destructive meat corporations

BankTrack publication
2023-05-03 00:00:00 | BankTrack, Feedback Global & Mighty Earth
2023-01-31 00:00:00

Briefing: Rabobank's financial services to the global meat and dairy companies fueling climate change

NGO document
2023-01-31 00:00:00 | Feedback EU
2023-01-31 00:00:00

Letter from Feedback EU, Feedback Global, BankTrack & World Animal Protection to Rabobank on industrial livestock

Correspondence
2023-01-31 00:00:00 | Feedback EU, Feedback Global, BankTrack & World Animal Protection
2023-01-17 00:00:00

Hot Money: 40 financial institutions are funding a climate-changing agri-methane footprint

NGO document
2023-01-17 00:00:00 | Planet Tracker & Changing Markets
2022-11-30 00:00:00

JBS, Marfrig, and Minerva Unlikely Compliant with Upcoming EU Deforestation Law

NGO document
2022-11-30 00:00:00 | Chain Reaction Research
2020-08-27 00:00:00

Brazilian Beef Supply Chain Under Pressure Amid Worsening ESG Impacts

NGO document
2020-08-27 00:00:00 | Chain Reaction Research
2019-09-23 00:00:00

Money to Burn

How iconic banks and investors fund the destruction of the world’s largest rainforests
NGO document
2019-09-23 00:00:00 | Global Witness
2021-11-02 00:00:00

Open letter of concerns on the issuance of USD 1 billion in Sustainability-Linked Bond (SLB) by JBS

NGO document
2021-11-02 00:00:00 | BankTrack, Forests & Finance, Greenpeace
2021-05-25 00:00:00

How JBS is still slaughtering the Amazon

NGO document
2021-05-25 00:00:00 | Greenpeace
2021-05-03 00:00:00

Key Cerrado Deforesters in 2020 Linked to the Clearing of More Than 110,000 Hectares

NGO document
2021-05-03 00:00:00 | Chain Reaction Research
2021-04-29 00:00:00

Lavagem de gado dentro de terra indígena no Mato Grosso foi parar na JBS

Documentos obtidos pela Pública indicam como um pecuarista com larga ficha de crimes ambientais na Amazônia enviou gado ilegal à maior produtora de carne bovina do mundo
NGO document
2021-04-29 00:00:00 | A publica
2021-04-28 00:00:00

Driving deforestation

The European automotive industry’s contribution to deforestation in Brazil
NGO document
2021-04-28 00:00:00 | Aidenvironment and Rainforest Foundation Norway
2020-10-27 00:00:00

Complicity in Destruction III

NGO document
2020-10-27 00:00:00 | APIB and Amazon Watch
2021-04-15 00:00:00

Making Mincemeat of the Pantanal

NGO document
2021-04-15 00:00:00 | Greenpeace
2021-03-19 00:00:00

Countdown to Extinction

What will it take to get companies to act?
NGO document
2021-03-19 00:00:00 | Greenpeace
2021-02-25 00:00:00

Monitor - Steak in the supermarket, forest on the ground

NGO document
2021-02-25 00:00:00 | Reporter Brasil
2020-12-21 00:00:00

Domestic Banks Finance 74% of Brazilian Beef & Soy

NGO document
2020-12-21 00:00:00 | Chain Reaction Research
2020-12-18 00:00:00

JBS, Marfrig, and Minerva: Material Financial Risk from Deforestation in Beef Supply Chains

NGO document
2020-12-18 00:00:00 | Chain Reaction Research
2020-12-18 00:00:00

Rapid Response - Soy & Cattle Report

NGO document
2020-12-18 00:00:00 | Mighty Earth
2020-12-10 00:00:00

The money that feeds the cattle

NGO document
2020-12-10 00:00:00 | Repórter Brasil
2020-11-27 00:00:00

Complicity in Destruction III

NGO document
2020-11-27 00:00:00 | Amazon Watch
2020-11-22 00:00:00

Caso Carne Legal

Other document
2020-11-22 00:00:00 | Brazilian Federal Public Ministry
2020-09-28 00:00:00

JBS: Outsized Deforestation in Supply Chain, COVID-19 Pose Fundamental Business Risks

NGO document
2020-09-28 00:00:00 | Chain Reaction Research
2019-11-04 00:00:00

JJF Holding Land-Grabbing Case Intensifies Soy Traders’ Exposure to Cerrado Deforestation

NGO document
2019-11-04 00:00:00 | Chain Reaction Research
2017-11-23 00:00:00

Responsible procurement policy

Bank policy
2017-11-23 00:00:00 | JBS
2009-10-01 00:00:00

Minimum criteria for scale cattle operations

Bank policy
2009-10-01 00:00:00 | Agribusiness companies Brazil
2019-06-10 00:00:00

Countdown to extinction

NGO document
2019-06-10 00:00:00 | Greenpeace
2019-06-30 00:00:00

Annual integrated report 2018

Annual report
2019-06-30 00:00:00 | JBS
2019-04-25 00:00:00

Complicity in destruction II

NGO document
2019-04-25 00:00:00 | Amazon Watch

The companies behind the burning of the Amazon

By Mighty Earth

A Path Towards Zero Deforestation Cattle

By National Wildlife Federation

Big Livestock’s Big Greenwash & Emissions Calculator

By Feedback, DeSmog, IATP and Feedback EU

JBS financial information and company reports

Updates

2025

2025-04-23 00:00:00 | The U.S. Securities and Exchange Commission (SEC) has approved JBS listing on the New York Stock Exchange (NYSE) 

The U.S. Securities and Exchange Commission has approved JBS’s listing on the New York Stock Exchange, opening the door to U.S. capital markets. This decision represents a significant setback for climate action and human rights protections.

With this approval, JBS is now positioned to attract substantial new investment, enabling the continued expansion of the business model that has been consistently linked repeated allegations of human rights violations, child labor, corruption, and illegal deforestation. More financing means more animals raised in inhumane conditions, more deforestation and biodiversity loss, and more emissions driving the climate crisis. JBS’s track record raises serious concerns. Since its initial SEC filing in 2023, JBS’s legal liabilities have more than doubled, now exceeding $3.6 billion. Recent penalties include $83.5 million for price-fixing, $4 million for child labor violations, and $64 million related to illegal deforestation.

This decision comes just after reports surfaced, showing that Pilgrim’s Pride, a poultry company owned by JBS, contributed $5 million to Donald Trump’s inauguration—the largest known corporate donation.

 

2025-04-17 00:00:00 | New investigation reveals that JBS will not achieve its goal of deforestation-free cattle

A team of journalists from The Guardian, Unearthed, and Repórter Brasil conducted investigations with frontline workers—including ranchers and leaders of ranching unions representing thousands of farms across Pará and Rondônia—which once again reveal that JBS is on track to fail its deforestation pledges.

2025-02-12 00:00:00 | Greenpeace International’s lawyers have challanged a Dutch notary firm Loyens & Loeff on their provision of services to JBS

 

Lawyers representing Greenpeace International have issued a legal letter to Dutch notary firm Loyens & Loeff, demanding it to take immediate action and assess whether it is appropriate and in accordance with its professional duties to continue to provide legal service to JBS, the world’s largest meat producer with long-standing links to corruption, deforestation and human rights abuses. This warning comes as JBS seeks to relocate its corporate headquarters to the Netherlands - part of its dual listing on the New York Stock Exchange (NYSE). Greenpeace International warns that by supporting JBS’s restructuring, Loyens & Loeff not only enables JBS to further expand its environmental-wrecking business model, but also risks complicity in financial and environmental scandals.

Under Dutch law, financial service providers like international law and tax firms have stringent professional obligations including being expected to conduct strict due diligence to prevent their services from being used to facilitate money laundering, corruption, or other financial crimes. In certain circumstances, they are obliged to refuse to act. Notaries play a critical role in ensuring that corporate transactions do not enable companies with a record of fraud, environmental destruction, or human rights violations. Greenpeace International has warned that Loyens & Loeff’s involvement in JBS’s corporate restructuring could expose the firm to serious legal and reputational risks. Greenpeace International’s lawyers have also submitted a copy of their legal warning to the Bureau Financieel Toezicht (BFT), urging regulators to review the firm’s role in enabling JBS’s expansion as well.

 

2024

2024-11-27 00:00:00 | JBS Jumps on $2.5 Billion Meatpacking Project in Nigeria

JBS recently announced plans to participate in a $2.5 billion project for the construction of meatpacking facilities in Nigeria — its first expansion into Africa. Investing in Africa would give JBS, which owns processing facilities spanning from Colorado to New Zealand, an opportunity to diversify away from more mature markets including the US. The economy of Nigeria, which has a population larger than Brazil, is expected to more than double by 2050, the company said.

JBS signed a memorandum of understanding with the Nigerian government to build three poultry plants as well as two for beef and one for pork in five years.

 

2024-05-23 00:00:00 | JBS fined USD 33 million in Brazil for paying bribes to the tax auditor responsible for inspecting the slaughterhouse

JBS S/A was fined R$170 million for paying bribes to someone responsible for inspecting a meat processing plant in Mozarlândia,  in the northwest region of Goiás. According to the Federal Comptroller General (CGU), JBS paid more than R$380 thousand to a federal tax auditor from the Ministry of Agriculture, Livestock and Supply (MAPA). According to the CGU, the payment of the bribe was discovered during Operation Risky Conduct, by the Federal Police (PF). The investigation managed to break the auditor's banking secrecy and identified monthly deposits from the company and its employees into the public servant's account.

In a note, the JBS stated that the payments made are related to overtime and occurred in accordance with article 102, item 18 of Decree 30691/1952, which was in force until 2017.

2024-05-14 00:00:00 | Brazil's JBS earns nearly $320 mln in Q1, beating analysts expectations

Brazil's JBS SA reported a net profit of 1.64 billion reais ($319.74 million) for the first quarter 2024, which beat analysts' expectations by a wide margin, according to an earnings statement. After a strong quarter for its U.S. pork business and its beef and processed foods divisions in Brazil, JBS said earnings before interest, tax, depreciation and amortization, a measure of operating income known as EBITDA, was 6.4 billion reais in the period. 

Overall, JBS reported a 2.8% rise in net revenue globally to 89.1 billion reais in the quarter, partly reflecting more beef demand in Brazil, its home market. JBS, which derives most of its sales from the U.S., said the first quarter of 2024 was also marked by growth in the average price for wholesale pork cuts in that country, a reflection of stronger demand for that p protein type resulting from the shift in consumption from beef to pork.

 

2024-04-30 00:00:00 | JBS: cattle rancher fined for deforestation with 'Agent Orange'

Livestock farmer and JBS supplier, Claudecy Oliveira Lemes, was the target of an operation by the Civil Police of Mato Grosso for the illegal deforestation of 81.2 thousand hectares on eleven properties in the municipality of Barão de Melgaço (MT) in the early April. The devastation was carried out with the aerial spraying of 25 types of pesticides and is described by state authorities as the greatest environmental damage ever recorded in Mato Grosso. This drone footage of the area shows the scope of the damage. Lemes is also the owner of Fazenda Monique Vale, located in Pedra Preta (MT), 232 km from where chemical deforestation was recorded. Over the last year, the property sent cattle to be slaughtered at JBS units in Barra do Garças and Pedra Preta (MT).

The rancher’s plan was to grow grass to raise more cattle on the land. However, a court has imposed a fine of 2.8 billion reals (more than US$500 million) and another 2.4 billion reals (US$385 million) in costs for restoring the damage. It has ordered the seizure of the rancher’s cattle and other assets to help cover the costs. 

According to the official response provided by the JBS, the six farms registered in the name of the cattle farmer in question are blocked for purchase by JBS.

The full story was covered by Reporter Brasil.

2024-04-26 00:00:00 | Failure to Act: The most recent investigations into JBS deforestation by Mighty Earth and Aid Environment

New analysis by Mighty Earth and AidEnvironment Failure to Act shows the failure of Brazilian meat giant JBS to act on 68 cases of deforestation on cattle farms in the Amazon and Cerrado, sent to the company over a year ago, has resulted in a further 18,458 hectares of preventable destruction of crucial rainforest and natural ecosystems, some close to the ancestral lands of Indigenous peoples. The new research, released ahead of JBS’ AGM in Brazil today finds that, in total, JBS has failed to investigate or verifiably act on 105 deforestation alerts – covering over 185,000 hectares of deforestation – in the two threatened biomes.

2024-04-26 00:00:00 | JBS reappoints the Batista brothers to the board seven-and-a-half years after they were imprisoned in Brazil for their involvement in a notorious bribery case.

During its AGM on April 26, JBS has reinstated the Batista brothers to its board, seven-and-a-half years after they were imprisoned in Brazil for their involvement in a wide-ranging corruption case. The brothers – former JBS chair Joesley Batista and ex-JBS CEO Wesley Batista, stepped down from their respective roles in 2017 after pleading guilty to corruption charges in Brazil, before both spending several months in prison. They were released from custody in 2018.

However, a majority of shares not cast by the Batistas either rejected or did not support their election. Ban the Batistas advocacy group pointed to that the brothers’ own J&F Investimentos investment vehicle is the controlling shareholder of JBS. J&F vehicle represented 1.08 billion shares out of the 1.24 billion share majority that voted in favour of their return to the JBS board. Almost 250 million shares rejected their return, with 500,000 abstaining.

2024-03-07 00:00:00 | JBS net zero “commitment removed” by the SBTi

JBS has not received validation from the Science-Based Targets initiative (SBTi). JBS is listed as "Commitment Removed" on the SBTi website, indicating that it has been removed from the SBTi register. In the past, BankTrack together with other organisations have been advocating against the validation of JBS's net-zero target. The SBTi is a global organisation that aims to help businesses set emissions reduction targets in line with science. SBTi evaluates the Net Zero plans of numerous companies globally to determine if they are credible and ambitious enough to contribute to combating climate change. As JBS has consistently failed to present substantive plans to support its assertions of achieving Net Zero by 2040, SBTi has taken decisive action to revoke its approval. Mighty Earth says that SBTi’s decision not to validate JBS is a further blow to the meat giant’s plans to list on the New York Stock Exchange.

2024-02-28 00:00:00 | NY attorney general is suing JBS for greenwashing

On February 28, 2024, Letitia James, the New York attorney general, filed a lawsuit against JBS USA, the American division of the world's largest meatpacker, for making deceptive claims regarding its efforts to reduce greenhouse gas emissions. This legal action represents a significant setback for JBS, headquartered in Brazil, as it aims to list on the New York Stock Exchange despite a history of criminal activities including bribery, deforestation, human rights abuses, and land grabs against Indigenous peoples. JBS's pursuit of a U.S. listing has been ongoing for over a decade, but it faces mounting challenges, including resistance from the UK lawmakers and bipartisan concerns in the U.S. regarding its criminal and environmental record. The proposed NYSE listing would provide JBS access to additional capital for expansion. The Securities and Exchange Commission (SEC) holds the power to prevent JBS from listing on the NYSE. On January 11th 2024, Mighty Earth has sent a lettter to the U.S Securities and Exchange Commission (SEC) urging it to investigate JBS and halt the proposed IPO. 

2023

2023-06-20 00:00:00 | JBS should discontinue its "net zero" claims

In June 2023, the National Advertising Review Board (NARB), the appellate body for the U.S. system of advertising industry self-regulation, recommended JBS USA to stop using misleading claims regarding its goal of achieving "net zero" emissions by 2040. This followed an earlier deision by the National Advertising Division (NAD) that found no evidence of a concrete plan to achieve “net zero by 2040” and advised JB to stop using the misleading claims. JBS appealed NAD’s recommendations. The NARB panel confirmed that the challenged claims indeed conveyed misleading messages, as JBS does not currently have a formulated and vetted plan to achieve net zero emissions by 2040. The NARB panel recommended that JBS discontinue the “net zero” claims, such as:

  • “JBS is committing to be net zero by 2040”;
  • “Global Commitment to Achieve Net-Zero Greenhouse Emissions by 2040”;
  • “Bacon, chicken wings and steak with net zero emissions. It’s possible”;
  • “Leading change across the food industry and achieving our goal of net zero by 2040 will be a challenge.  Anything less is not an option”; and
  • “The SBTi recognized the net zero commitment of JBS.”

JBS expressed disagreement with the NARB's interpretation but agreed to comply with its recommendation in future advertising.

2023-01-18 00:00:00 | Mighty Earth files complaint with US Securities and Exchange Commission against JBS ‘green bonds’

Senior executives at Mighty Earth have filed a whistleblower complaint to the US Securities and Exchange Commission (SEC), calling for a full investigation into alleged misleading and fraudulent “green bonds” issued by the Brazilian meat giant JBS. Evidence presented to the SEC details how JBS, the world’s largest meat processor with operations in over 20 countries, issued $3.2 billion in four separate debt issuances or “green bonds” in 2021, referring to them as Sustainability-Linked Bonds (SLBs) tied to its stated goal to cut its emissions and achieve “Net Zero by 2040.” The heart of the complaint centers on the fact that JBS based the bond offerings on its commitment to achieve net zero emissions by 2040 – but that its emissions have in fact increased in recent years and it excluded ‘Scope 3’ supply chain emissions that comprise upwards of 97% of its climate footprint. It also omitted key information from investors about the actual number of animals it slaughters each year, denying US investors vital information to make fully informed decisions about JBS’s net zero and climate-related claims as they decided whether to purchase these SLBs. 

2022

2022-12-15 00:00:00 | Brazil audit finds 17% of cattle bought by JBS came from 'irregular' ranches

Nearly 17% of the cattle bought by JBS SA in Brazil's Para state in the Amazon rainforest allegedly came from ranches with "irregularities" such as illegal deforestation, according to an audit by federal prosecutors. The audit, which examined cattle purchases between July 2019 and June 2020, said that the world's largest meatpacker allegedly bought some 93,734 head from irregular ranchers.

2022-04-21 00:00:00 | JBS increased greenhouse gas emissions by 51% over the last five years

JBS has increased its greenhouse gas emissions by a staggering 51% over the last five years and is now responsible for greater emissions than Italy's annual climate footprint, new research finds. Using an UN-approved methodology, new research contained in a media brief by IATP, Feedback and investigative website DeSmog, found that JBS – which processed 26.8 million cattle, 46.7 million pigs and 4.9 billion chickens last year – increased its annual GHG emissions by 51% in five years from 280 million metric tonnes (mmts) in 2016 to around 421.6 mmts in 2021. This is more than the annual climate footprint of Italy or Spain and close to that of France (at 443 mmt) and the UK (at 453 mmt). It is approximately equivalent to fossil fuel giant Total’s 2020 emissions.

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