(C) Common Dreams
This story was originally published by Common Dreams and is unaltered.
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Grilling the world’s biggest meat producer [1]
['David Gelles', 'More About David Gelles']
Date: 2023-09-28
Environmental activists are trying to block the listing. Last month, Rainforest Action Network, Mighty Earth and World Animal Protection sent letters to the Securities and Exchange Commission detailing what they say is the company’s shoddy environmental record and a litany of dubious corporate governance practices.
“This evidence all points to a company which has no real plan to decarbonize and is highly selective about what it discloses to mislead investors that the company can continue to grow in an industry where ‘business-as-usual’ practices will not cut it,” wrote Glenn Hurowitz, the chief executive of Mighty Earth.
JBS is working hard to persuade the public, and potential investors, that it is a good corporate citizen. And last week, I interviewed the JBS global chief, executive Gilberto Tomazoni, at the Climate Forward live event in New York. Over the course of 30 minutes, I asked him about JBS’s emissions, the public listing, the criticism from activists and more, while Tomazoni defended the company’s record.
‘Strategic information’
Researchers say that as much as 90 percent of deforestation in the Amazon rainforest is linked to the cattle industry. Tropical deforestation for meat production is a double whammy for the climate, replacing biodiverse carbon sinks with clear-cut land full of methane-belching bovines.
JBS is one of the biggest consumers of cattle raised on newly deforested land.
In 2021, an audit led by prosecutors in the Brazilian state of Pará, home to the second-largest cattle herd in the Amazon, found that JBS had bought 301,000 animals, amounting to 32 percent of its purchases in the state, between January 2018 and June 2019 from farms that had violated commitments to prevent illegal deforestation.
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[1] Url:
https://www.nytimes.com/2023/09/28/climate/grilling-the-worlds-biggest-meat-producer.html#:~:text=Brazil's%20JBS%20produces%2032%20billion%20pounds%20of%20animal%20products%20a%20year.&text=You're%20reading%20the%20Climate,insights%20for%20a%20warming%20world.
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