Coherent Identifier About this item: 20.500.12592/3p395w

This is more than fossil fuel giant Total’s 2020 emissions. It is more than Italy’s annual climate footprint and 95% of France’s (at 443 mmt).

27 April 2022

Summary

As JBS prepares for its annual general meeting (AGM) on 22 April in São Paulo, this briefing outlines how the company’s “green” claims fail to live up to reality and the meat giant continues to mislead in its communications with investors and the public. [...] But JBS’s “net zero” plan is heavy on rhetoric and light on detail, conveniently ignoring the company’s principal source of emissions: the increasing number of animals in its global supply chain (sometimes referred to as “Scope 3” emissions).3 The number of animals in JBS’s supply chain in the past five years has increased substantially: the number of cattle has increased by 54%, pigs by 67% and c. [...] While the company claims its total emissions for 2020 were only 6.8 Mt CO2-equivalent, this figure excludes emissions from the animals in its supply chain, the production of animal feed and emissions from deforestation, which together make up the vast majority of the company’s climate footprint. [...] JBS says it is partnering with a conservation charity to preserve the biodiversity-rich Araguaia corridor in the Amazon and that it is “supporting” 80 fire brigades to tackle fires in the Pantanal wetlands, as well as five teams from the Aliança da Terra NGO. [...] Feedback and the Institute for Agriculture and Trade Policy are calling for: ● Investors, banks and financiers to divest from JBS and its subsidiaries, following the example of Nordea, and exclude JBS from their investment funds and bond portfolios.

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