JBS sold more than $3 billion worth of “green bonds” in the U.S., but a watchdog group says its impact on Amazon forests belies its pledges
On Tuesday, Mighty Earth filed a complaint with the Securities and Exchange Commission alleging that JBS is already failing to meet its emissions targets. Mighty Earth wants the agency to impose penalties and injunctions on the Brazilian company, which it says has contributed to or ignored deforestation carried out by its suppliers.“We see JBS as one of the three linchpin companies for changing the whole meat industry,” said Glenn Hurowitz, founder and chief executive of Mighty Earth.
Nikki Richardson, a spokesperson for JBS, said in an email that the company hopes to reduce its Scope 3 emissions — climate impacts caused by suppliers and other entities the company does not directly control.“While we acknowledge the importance of measuring and ultimately reducing scope 3 emissions, a widely-accepted method for measuring scope 3 emissions does not currently exist for our industry,” JBS said in a filing.unveil a new rules on climate-related disclosures.
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