Mighty Earth files complaint with US Securities and Exchange Commission against JBS ‘green bonds’

Senior executives at Mighty Earth have filed a whistleblower complaint to the US Securities and Exchange Commission (SEC), calling for a full investigation into alleged misleading and fraudulent “green bonds” issued by the Brazilian meat giant JBS.  Evidence presented to the SEC details how JBS, the world’s largest meat processor with operations in over 20 countries, issued $3.2 billion in four separate debt issuances or “green bonds” in 2021, referring to them as Sustainability-Linked Bonds (SLBs) tied to its stated goal to cut its emissions and achieve “Net Zero by…

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JBS Makes Global Commitment to Achieve Net-Zero Greenhouse Gas Emissions by 2040

JBS, has announced a commitment to achieve net-zero greenhouse gas (GHG) emissions by 2040. The commitment spans the company’s global operations, including Pilgrim’s Pride Corporation (Nasdaq: PPC), as well as its diverse value chain of agricultural producer partners, suppliers and customers in their efforts to reduce emissions across the value chain. JBS is the first major company in its sector to set a net-zero target. The ambition reflects the company’s goal to meet the health and nutritional needs of the growing global population in a sustainable manner that preserves the…

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