[vc_row equal_height=”yes” content_placement=”middle” el_id=”tesco”][vc_column][vc_single_image image=”575″ img_size=”full” alignment=”center”][\/vc_column][\/vc_row][vc_row el_class=”padding-top-bottom-small dblue-background” el_id=”dear-tesco”][vc_column][vc_row_inner el_class=”padded-row”][vc_column_inner][vc_column_text]<\/p>\n
[\/vc_column_text][\/vc_column_inner][\/vc_row_inner][\/vc_column][\/vc_row][vc_row el_class=”padding-top-bottom-small dblue-background” el_id=”tesco-intro”][vc_column][vc_row_inner el_class=”padded-row”][vc_column_inner][vc_column_text]The Brazilian-headquartered company is notorious for environmental destruction, deforestation, corruption and human rights abuses.\u00a0<\/strong><\/p>\n And yet: Barclays is the world’s largest financier<\/a> of JBS.<\/strong><\/p>\n In the past seven years Barclays provided JBS over $6bn in financing – while JBS paid out more than $3.5bn in fines.\u00a0<\/strong><\/p>\n Other investors are walking away from JBS. Being associated with the highest emitting<\/a> meat and dairy company with a track record of corruption<\/a> just isn’t worth the risk. When will Barclays draw the line?<\/strong><\/p>\n Drop JBS now. <\/strong><\/p>\n [\/vc_column_text][vc_single_image image=”418″ img_size=”full” alignment=”center”][\/vc_column_inner][\/vc_row_inner][\/vc_column][\/vc_row][vc_row el_class=”padding-top-bottom-small dblue-background”][vc_column][vc_single_image image=”424″ img_size=”full” alignment=”center” el_class=”section-6-tear”][vc_row_inner el_class=”tesco-dark-grey-background”][vc_column_inner el_class=”tesco-dark-grey-background”][vc_column_text el_class=”padded-row” css=”.vc_custom_1650963834261{margin-bottom: 3rem !important;}”]<\/p>\n [\/vc_column_text][\/vc_column_inner][\/vc_row_inner][vc_single_image image=”550″ img_size=”full” alignment=”center” el_class=”section-6-tear”][\/vc_column][\/vc_row][vc_row equal_height=”yes” el_id=”section-1″ el_class=”split-screen tesco-dark-grey-background”][vc_column width=”1\/2″ el_class=”background-row left-col new_padding” css=”.vc_custom_1649232954718{margin: 0px !important;padding: 0px !important;border: 0px initial !important;}”][vc_column_text el_class=”photo-credit”]<\/p>\n Photo: \u00a9 Priscila Tapajowara<\/p>\n [\/vc_column_text][vc_single_image image=”583″ img_size=”full” alignment=”right” el_class=”new_padding” css=”.vc_custom_1649232924142{margin: 0px !important;padding: 0px !important;}”][\/vc_column][vc_column width=”1\/2″ el_class=”tesco-dark-grey-background right-col padded-inner-col”][vc_custom_heading text=”1. Climate Change” font_container=”tag:h3|text_align:left” use_theme_fonts=”yes”][vc_empty_space height=”3rem”][vc_column_text el_class=”quote”]<\/p>\n Barclays commitment:<\/b> \u201cAddressing climate change requires a fundamental transformation of the global economy, so that society stops adding to the total amount of greenhouse gases in the atmosphere. At Barclays, we are determined to play our part. In March 2020, we announced our ambition to be a net-zero bank by 2050.\u201d<\/span><\/p>\n Source<\/b>: Barclays, 2020<\/a><\/p>\n The reality:<\/b> If you\u2019re serious about Barclays becoming a net-zero bank by 2050 and doing your bit to stop adding emissions to the atmosphere, why is Barclays the biggest European financial backer of JBS, the world\u2019s top-emitting livestock company? A recent study<\/a> revealed that the meat-giant\u2019s net-zero target has failed to tackle 97% of its emissions.<\/span>[\/vc_column_text][\/vc_column][\/vc_row][vc_row equal_height=”yes” el_class=”split-screen dblue-background” el_id=”section-2″][vc_column width=”1\/2″ el_class=”padded-inner-col dblue-background left-col”][vc_custom_heading text=”2. Deforestation” font_container=”tag:h3|text_align:left” use_theme_fonts=”yes”][vc_empty_space height=”3rem”][vc_column_text el_class=”quote”]<\/p>\n Barclays commitment:<\/b> Barclays has pledged to support global efforts to end deforestation by 2030, including the elimination of deforestation from agricultural commodities such as soy and beef by 2020, as part of the New York Forest Declaration.<\/span><\/p>\n Source<\/b>: Barclays, 2020<\/a><\/p>\n The reality:<\/b> JBS says it will end illegal deforestation by 2025 and become entirely deforestation-free in 2035. That\u2019s 5 years after the cut-off date for the New York Declaration on Forests. Worse still, it\u2019s 24 years after JBS\u2019s own initial promise to end deforestation. Financially backing JBS is at odds with Barclay\u2019s own policies and pledges and means you\u2019re linked to a company that has essentially admitted it will break the law for at least another 3 years.<\/span>[\/vc_column_text][\/vc_column][vc_column width=”1\/2″ el_class=”background-row right-col”][vc_single_image image=”598″ img_size=”full”][vc_column_text el_class=”photo-credit”]<\/p>\n Photo:\u00a0\u00a9 Christian Braga \/ Greenpeace<\/p>\n [\/vc_column_text][\/vc_column][\/vc_row][vc_row equal_height=”yes” el_class=”split-screen tesco-dark-grey-background” el_id=”section-3″][vc_column width=”1\/2″ el_class=”background-row left-col”][vc_single_image image=”599″ img_size=”full”][\/vc_column][vc_column width=”1\/2″ el_class=”padded-inner-col tesco-dark-grey-background right-col”][vc_custom_heading text=”3. Biodiversity” font_container=”tag:h3|text_align:left” use_theme_fonts=”yes”][vc_empty_space height=”3rem”][vc_column_text el_class=”quote”]<\/p>\n Barclays commitment:<\/b> \u201cNature and biodiversity are intrinsically connected to efforts to mitigate and adapt to the effects of climate change and are vital to ensuring a sustainable economy and healthy society.”<\/span><\/p>\n Source<\/b>: Barclays, 2022<\/a><\/p>\n The reality:<\/b> Barclays could be a leader on nature by dropping JBS now. Deforestation is a leading cause<\/a> of habitat and biodiversity loss, as well as climate change, and companies linked to nature destruction are set to become stranded assets. Don\u2019t invest in companies like JBS that are actively driving nature destruction.<\/span>[\/vc_column_text][\/vc_column][\/vc_row][vc_row equal_height=”yes” el_class=”split-screen dblue-background” el_id=”section-4″][vc_column width=”1\/2″ el_class=”padded-inner-col dblue-background left-col”][vc_custom_heading text=”4. Corruption” font_container=”tag:h3|text_align:left” use_theme_fonts=”yes”][vc_empty_space height=”3rem”][vc_column_text el_class=”quote”]<\/p>\n Barclays commitment:<\/b> \u201cWe will not tolerate any deliberate breach of financial crime laws and regulations that apply to our business and the transactions we undertake.\u201d <\/span><\/p>\n Source<\/b>: Barclays, 2022<\/a><\/p>\n The reality:<\/b> Joesley and Wesley Batista – JBS senior executives, majority shareholders and sons of the company\u2019s founder – pleaded guilty<\/a> and were heavily fined for bribery. Barclays has known about this for years. How can Barclays continue to be the biggest financial backer in Europe of a company whose senior executives have admitted to committing crimes?<\/span>[\/vc_column_text][\/vc_column][vc_column width=”1\/2″ el_class=”background-row right-col”][vc_column_text el_class=”photo-credit”]<\/p>\n Photo: \u00a9 REUTERS\/Ueslei Marcelino<\/p>\n [\/vc_column_text][vc_single_image image=”572″ img_size=”full”][\/vc_column][\/vc_row][vc_row equal_height=”yes” el_class=”split-screen tesco-dark-grey-background” el_id=”section-5″][vc_column width=”1\/2″ el_class=”background-row left-col”][vc_single_image image=”615″ img_size=”full”][vc_column_text el_class=”photo-credit”]<\/p>\n Photo: Piero Locatelli \/ Rep\u00f3rter Brasil<\/p>\n [\/vc_column_text][\/vc_column][vc_column width=”1\/2″ el_class=”padded-inner-col tesco-dark-grey-background right-col” css=”.vc_custom_1649251360612{margin-top: 0px !important;}”][vc_custom_heading text=”5. Logging, fires & slavery” font_container=”tag:h3|text_align:left” use_theme_fonts=”yes”][vc_empty_space height=”3rem”][vc_column_text el_class=”quote”]<\/p>\n Barclays commitment:<\/b> \u201cBarclays has no appetite for providing financial services to forestry, palm oil or soy companies that are involved in: 1.<\/b> Illegal logging or trading activities. 2.<\/b> Use of fire in forestry or plantation operations, including for land clearance and preparation. 3.<\/b> Acts of violence against or exploitation of people and local communities, including through forced or child labour, modern slavery and human trafficking.\u201d <\/span><\/p>\n Source<\/b>: Barclays, 2020<\/a><\/p>\n The reality:<\/b> Soy is an integral part of the livestock supply chain. And while the Barclays policy doesn\u2019t explicitly cover the livestock sector, it should do, as JBS fails to meet your own criteria: <\/span><\/p>\n 1. It has openly admitted that it will permit illegal deforestation in its supply chain for another 3 years. It\u2019s time to Drop JBS now.<\/span>[\/vc_column_text][\/vc_column][\/vc_row][vc_row el_id=”section-6″][vc_column][vc_row_inner equal_height=”yes” el_class=”split-screen”][vc_column_inner el_class=”padded-inner-col dblue-background left-col” width=”1\/2″][vc_custom_heading text=”6. Your customers care” font_container=”tag:h3|text_align:left” use_theme_fonts=”yes”][vc_empty_space height=”3rem”][vc_column_text el_class=”quote”]<\/p>\n Barclays:<\/b> \u201cWith daily headlines about climate change, it’s perhaps not surprising that our research found that 45% of Brits say they actively seek out products and services that are environmentally friendly\u201d<\/span><\/p>\n Source<\/b>: Barclays, 2019<\/a><\/p>\n The reality:<\/b> Barclays customers want you to tackle climate change. A poll<\/a> of Barclays customers showed that two-thirds of your customers think the bank should avoid investing in fossil fuels. Livestock companies are no different, they are big extractive climate polluters. It\u2019s time to Drop JBS now.<\/span>[\/vc_column_text][\/vc_column_inner][vc_column_inner el_class=”background-row right-col” width=”1\/2″][vc_single_image image=”603″ img_size=”full”][vc_column_text el_class=”photo-credit”]<\/p>\nTop 6<\/strong> reasons to drop JBS now,
\naccording to Barclays<\/span><\/h2>\n
\n2. Numerous fires<\/a> have been linked to JBS operations in recent years.
\n3. Modern slavery<\/a> has been found in JBS\u2019s supply chain in Brazil.<\/p>\n