Case Study

JBS Links to Amazon Deforestation Imperil US IPO as Banks and Customers Cut Ties

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About this Case Study

The case study explores how JBS, the world’s largest meat producer, faced legal, market and reputational risks associated with sourcing beef from illegally deforested areas in the Amazon rainforest.  

Key outcomes

  • Allegations of deforestation have followed JBS since 2009, resulting in legal penalties. For example, a fine of BRL 24.7 million (USD 7.7 million) by the Brazilian Institute of Environment and Renewable Natural Resources in 2017.
  • JBS intends to become a listed company in the USA. Various environmental organisations have contacted the Securities and Exchange Commission, urging it to block the listing or investigate the company’s claims.
  • Blocking JBS’s planned USA listing and could jeopardise up to USD 20 billion in unlocked value.
Download Case Study (JBS Links to Amazon Deforestation Imperil US IPO as Banks and Customers Cut Ties)

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