\u00a0JBS is the <\/span>highest emitting<\/span><\/a> meat and dairy company in the world, with a <\/span>carbon footprint<\/span><\/a> estimated to be larger than Spain\u2019s. The company continues to drive deforestation in Brazil to expand its global business, and has made it clear that it will still accept deforestation in its supply chain for another 12 years. Since 2017, JBS has <\/span>paid billions<\/span><\/a> in fines for corruption, environmental harms and human rights abuses.<\/span><\/p>\n [\/vc_column_text][vc_text_separator title=”” i_icon_fontawesome=”fas fa-exclamation-triangle” i_color=”white” i_background_style=”rounded-outline” i_background_color=”white” add_icon=”true”][vc_column_text]<\/p>\n The company is now proposing to be listed on the New York Stock Exchange (NYSE) in 2023, but filings show they <\/span>lack a legitimate plan<\/span> <\/a>for addressing climate change risk and an evolving global protein market. <\/span>The NYSE listing could also reduce minority shareholder\u2019s power and consolidate family control – despite their notorious history of corruption and legal troubles.\u00a0<\/span><\/p>\n Banks and supermarkets that do business with the company must drop JBS now.<\/span><\/p>\n [\/vc_column_text][vc_btn title=”Read more about the risks of JBS listing on the NYSE ” style=”3d” size=”lg” align=”center” css_animation=”none” shadow_types=”small” hover_anim=”color” hover_anim_color=”#ffe8e8″ link=”url:https%3A%2F%2Fwww.globalwitness.org%2Fen%2Fpress-releases%2Fexperts-issue-warning-to-investors%2F||target:%20_blank|” css=”.vc_custom_1701267634447{padding-top: 20px !important;border-radius: 5px !important;}”][\/vc_column_inner][\/vc_row_inner][vc_column_text el_class=”caption-txt”]\u00a9 Christian Braga \/ Greenpeace[\/vc_column_text][\/vc_column][\/vc_row][vc_row el_class=”padding-top-bottom dark-red-background” el_id=”who-is-responsible”][vc_column][vc_row_inner el_class=”padded-row”][vc_column_inner][vc_custom_heading text=”Who is responsible?” font_container=”tag:h2|text_align:center” use_theme_fonts=”yes” el_class=”fade-in-right”][vc_column_text]<\/p>\n The food, leather and financial sectors all have a role in allowing JBS to get away with its destructive business model. JBS\u2019s customers and financial backers must stop funding the climate crisis and the annihilation of tropical forests and biodiversity<\/span>. They have the power to say no to all forms of deforestation in their supply chains and investment portfolios.<\/p>\n [\/vc_column_text][\/vc_column_inner][\/vc_row_inner][vc_row_inner equal_height=”yes” el_class=”padded-row box-row fade-in-left”][vc_column_inner el_class=”black-background” width=”1\/3″][vc_single_image image=”357″ img_size=”full”][vc_custom_heading text=”Forest-Destroying” font_container=”tag:h3|text_align:center” use_theme_fonts=”yes”][vc_custom_heading text=”Supermarkets” font_container=”tag:h3|text_align:center” use_theme_fonts=”yes” el_class=”highlighted-txt”][vc_column_text]<\/p>\n From burgers to bacon and chicken breasts, JBS products end up on supermarket shelves across the world. Many of the retailers, such as Tesco, have deforestation-free commitments in place, yet continue to source products from JBS-owned companies like Moy Park and Pilgrim\u2019s Pride<\/span>.<\/p>\n [\/vc_column_text][vc_single_image image=”434″ img_size=”full” alignment=”center” onclick=”custom_link” link=”\/tesco” el_class=”read-more-btn”][\/vc_column_inner][vc_column_inner el_class=”black-background” width=”1\/3″][vc_single_image image=”29″ img_size=”full”][vc_custom_heading text=”Forest-Destroying” font_container=”tag:h3|text_align:center” use_theme_fonts=”yes”][vc_custom_heading text=”Finance” font_container=”tag:h3|text_align:center” use_theme_fonts=”yes” el_class=”highlighted-txt”][vc_column_text]<\/p>\n JBS is reliant on investors and lenders to finance its ever-expanding operations. Like supermarkets, many of their financial backers have deforestation-free commitments<\/u><\/a> <\/span>but are actively funding deforestation and climate pollution by continuing to finance the company. Over a third<\/a> of JBS\u2019s financial backing comes from European banks such as Barclays and Santander.<\/p>\n [\/vc_column_text][\/vc_column_inner][vc_column_inner el_class=”black-background” width=”1\/3″][vc_single_image image=”28″ img_size=”full”][vc_custom_heading text=”Forest-Destroying” font_container=”tag:h3|text_align:center” use_theme_fonts=”yes”][vc_custom_heading text=”Leather” font_container=”tag:h3|text_align:center” use_theme_fonts=”yes” el_class=”highlighted-txt”][vc_column_text]<\/p>\n Leather is a vital and valuable part of the cattle industry. The value of the Brazilian leather industry alone is estimated at over $50 billion<\/a> and 80%<\/u><\/a><\/span> of Brazil\u2019s leather from cattle is exported and used in the car, furniture and fashion industries. JBS Couros<\/a> is the world\u2019s largest producer of leather.<\/p>\n [\/vc_column_text][\/vc_column_inner][\/vc_row_inner][vc_row_inner el_class=”padded-row”][vc_column_inner][vc_text_separator title=”THESE COMPANIES ARE CUSTOMERS AND BANKROLLERS OF JBS: ONE OF THE WORLD’S MOST NOTORIOUS FOREST-DESTROYING CORPORATIONS”][\/vc_column_inner][\/vc_row_inner] Tesco still buys meat<\/span><\/span><\/u><\/a> from JBS-owned companies, even though it has stopped purchasing meat directly from Brazil. To live up to its deforestation-free promises, Tesco needs to drop all forest destroyers and stop selling meat from the JBS group. [\/vc_column_text][vc_single_image image=”434″ img_size=”full” onclick=”custom_link” link=”\/tesco” el_class=”read-more-btn”][\/vc_column_inner][\/vc_row_inner][vc_row_inner equal_height=”yes” el_class=”dark-grey-background”][vc_column_inner el_class=”background-row” width=”1\/2″ css=”.vc_custom_1626399718323{background-image: url(https:\/\/dropjbs.org\/wp-content\/uploads\/2021\/07\/company-santander.jpg?id=30) !important;}”][\/vc_column_inner][vc_column_inner el_class=”dark-grey-background padded-inner-col” width=”1\/2″][vc_custom_heading text=”BARCLAYS” font_container=”tag:h4|text_align:left” use_theme_fonts=”yes”][vc_column_text]Category:<\/strong> Finance<\/p>\n Well-known high street bank\u00a0Barclays is the biggest European financier<\/a> of JBS, having provided nearly USD 8 billion in loans between 2015 and 2021 to the forest-destroying company.[\/vc_column_text][\/vc_column_inner][\/vc_row_inner]<\/div>[\/vc_column][\/vc_row][vc_row el_class=”background-row fixed-background overlay” css=”.vc_custom_1626401956899{background-image: url(https:\/\/dropjbs.org\/wp-content\/uploads\/2021\/07\/commitment-vs-reality.jpg?id=24) !important;}” el_id=”commitment-vs-reality”][vc_column][vc_row_inner equal_height=”yes” content_placement=”top” el_class=”padding-top-bottom light-red-background net-zero-commitment-intro”][vc_column_inner el_class=”padded-inner-col left” width=”1\/2″][vc_custom_heading text=”JBS is greenwashing REALITY<\/strong> It doesn\u2019t include any mention of the fundamental source of its emissions: producing meat<\/a>. <\/span>In fact, a recent study<\/a> revealed that the meat-giant\u2019s net-zero target has failed to tackle 97% of its emissions.<\/p>\n \u00a0 <\/span>Its new commitment to become \u201cdeforestation-free\u201d is a rehash of a broken promise the company made over 10 years ago<\/a> and has failed to deliver.<\/p>\n [\/vc_column_text][\/vc_column_inner][\/vc_row_inner][vc_row_inner][vc_column_inner][vc_column_text el_class=”commitment”]COMMITMENT<\/strong> REALITY<\/strong> [\/vc_column_text][\/vc_column_inner][\/vc_row_inner][vc_row_inner][vc_column_inner][vc_column_text el_class=”commitment”]COMMITMENT<\/strong> REALITY<\/strong> [\/vc_column_text][\/vc_column_inner][\/vc_row_inner][vc_row_inner][vc_column_inner][vc_column_text el_class=”commitment”]COMMITMENT<\/strong> REALITY<\/strong> [\/vc_column_text][\/vc_column_inner][\/vc_row_inner]<\/div>[vc_column_text el_class=”caption-txt”]\u00a9 Christian Braga \/ Greenpeace[\/vc_column_text][\/vc_column][\/vc_row][vc_row el_class=”background-row fixed-background overlay” css=”.vc_custom_1626409875385{background-image: url(https:\/\/dropjbs.org\/wp-content\/uploads\/2021\/07\/why-does-it-matter.jpg?id=25) !important;}” el_id=”why-it-matters”][vc_column][vc_row_inner equal_height=”yes” content_placement=”top” el_class=”padded-row padding-top-bottom”][vc_column_inner el_class=”section-title” width=”1\/3″][vc_custom_heading text=”What’s the The food system is responsible for approximately a third<\/a> of global greenhouse gas emissions and the livestock sector is a significant driver of the food sector\u2019s climate pollution.[\/vc_column_text][vc_column_text el_class=”reason-box”]<\/p>\n When forests are destroyed, so too are the homes and habitats of unique plant and animal species. The Amazon is one of the most biodiverse places on Earth and the neighbouring Cerrado region, where much destruction occurs, is a tropical savannah ecosystem that is home to 5%<\/a> of the world\u2019s plants and animals.[\/vc_column_text][\/vc_column_inner][vc_column_inner el_class=”why-it-matters-col” width=”1\/3″][vc_column_text el_class=”reason-box”]<\/p>\n The cattle industry is the biggest driver of deforestation in the Amazon. When land is deforested and cleared of vegetation to grow animal feed and raise livestock, it contributes to greenhouse gas emissions. Deforestation is the main driver of emissions<\/a> in Brazil today, followed by the agriculture sector. Indigenous Peoples protect 80%<\/a> of global biodiversity. In Latin America<\/u><\/a><\/span>, rates of deforestation are significantly lower in indigenous protected lands. But the land, rights, livelihoods and cultures of Indigenous Peoples are under attack, particularly from land grabbers who want to clear forests for cattle, pasture or cash crops.[\/vc_column_text][vc_column_text el_class=”reason-box”]<\/p>\n The Amazon and other ecosystems contain huge numbers of viruses. By destroying forests, people and livestock are brought into closer contact with wild animals and the unique diseases they may carry, putting us at risk of future pandemics<\/u><\/a><\/span>.[\/vc_column_text][\/vc_column_inner][\/vc_row_inner][vc_column_text el_class=”caption-txt”]\u00a9 Christian Braga \/ Greenpeace[\/vc_column_text][\/vc_column][\/vc_row][vc_row el_id=”solution” el_class=”background-row fixed-background overlay” css=”.vc_custom_1626402686006{background-image: url(https:\/\/dropjbs.org\/wp-content\/uploads\/2021\/07\/what-is-the-solution.jpg?id=26) !important;}”][vc_column][vc_row_inner el_class=”padded-row padding-top”][vc_column_inner][vc_custom_heading text=”What is the solution?” font_container=”tag:h2|text_align:center” use_theme_fonts=”yes” el_class=”fade-in-right”][vc_column_text]<\/p>\n
\nits forest-destroying
\nbusiness.” use_theme_fonts=”yes” el_class=”fade-in-right”][\/vc_column_inner][vc_column_inner el_class=”padded-inner-col right” width=”1\/2″][vc_column_text el_class=”fade-in-left”]JBS\u2019s latest green PR spin can\u2019t change the facts: the company is destroying Brazilian forests, savannahs and wetlands. Supermarkets and banks can stop this. JBS gets away with it because retailers and banks are ignoring the company\u2019s environmental destruction, criminal behaviour<\/a> and corruption scandals. JBS\u2019s “commitments” don\u2019t match the reality \u2014 here\u2019s how:[\/vc_column_text][\/vc_column_inner][\/vc_row_inner]
\nJBS will commit to net zero emissions by 2040.[\/vc_column_text][vc_separator color=”white”][vc_column_text el_class=”reality”]<\/p>\n
\nJBS\u2019s so-called climate pledge will continue to fuel deforestation and the climate crisis.<\/p>\n
\nJBS will eliminate all deforestation in all biomes from its supply chain by 2035.[\/vc_column_text][vc_separator color=”white”][vc_column_text el_class=”reality”]<\/p>\n
\nJBS originally promised to eliminate deforestation by a 2011 deadline. That’s 24 years difference. Since 2008, the total deforestation footprint of JBS has been conservatively<\/strong> estimated to be as high as 200,000<\/a> hectares in its direct supply chain and 1.5 million hectares in its indirect supply chain. The Amazon is already showing signs of reaching a tipping point, we can\u2019t wait another 13 years for JBS to stop deforestation when the crisis is now.<\/p>\n
\nJBS said it will monitor all of its direct suppliers by 2025 and require indirect suppliers to voluntarily report.[\/vc_column_text][vc_separator color=”white”][vc_column_text el_class=”reality”]<\/p>\n
\nJBS\u2019s direct cattle suppliers only account for a small proportion of its supply chain. Relying on voluntary reporting from their vast number of indirect suppliers, across several different biomes, leaves the door wide open for continued deforestation.<\/p>\n
\nJBS said it aims to eliminate illegal deforestation in Brazil by 2025 and all deforestation by 2035.[\/vc_column_text][vc_separator color=”white”][vc_column_text el_class=”reality”]<\/p>\n
\nAll forms of deforestation contribute to the climate and biodiversity crises. However, JBS is openly admitting that it will break the law for at least the next 4 years. Nearly 90 million<\/a> hectares (an area the size of Sweden) are at risk of legal deforestation in Brazil alone, where land is deforested and cleared with a permit to do so. Legislation proposed by the Bolsonaro government, currently advancing through the Brazilian Congress, also risks legalising land grabs and swathes of illegal deforestation.<\/p>\n
\nreal cost?” use_theme_fonts=”yes” el_class=”fade-in-right”][\/vc_column_inner][vc_column_inner el_class=”why-it-matters-col” width=”1\/3″][vc_column_text el_class=”reason-box”]<\/p>\n![\"\"](\"https:\/\/dropjbs.org\/wp-content\/uploads\/2021\/07\/icon-climate-change-300x300.png\"){kind=icon}
Climate
\nChange<\/h3>\n![\"\"](\"https:\/\/dropjbs.org\/wp-content\/uploads\/2021\/07\/icon-biodiversity-300x300.png\"){kind=icon}
Biodiversity<\/h3>\n![\"JBS](\"https:\/\/dropjbs.org\/wp-content\/uploads\/2021\/07\/Icon_Deforestation-v2-300x300.png\"){kind=icon}
Forests<\/h3>\n
\n[\/vc_column_text][vc_column_text el_class=”reason-box”]<\/p>\n![\"\"](\"https:\/\/dropjbs.org\/wp-content\/uploads\/2021\/07\/icon-indegenous-community-300x300.png\"){kind=icon}
Indigenous
\nRights<\/h3>\n![\"pandemic\"](\"https:\/\/dropjbs.org\/wp-content\/uploads\/2021\/07\/Icon_Pandemic-300x300.png\"){kind=icon}
Pandemics<\/h3>\n