Home » Resource Database Case Study JBS Links to Amazon Deforestation Imperil US IPO as Banks and Customers Cut Ties Authoring Organisation BloombergNEF Publish Date 2024 Geography Brazil Download Case Study (JBS Links to Amazon Deforestation Imperil US IPO as Banks and Customers Cut Ties)(This link will take you to an external website) About this Case StudyThe 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 outcomesAllegations 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)(This link will take you to an external website) Related resources Corporates – Latin America & Caribbean: Deforestation Intensifies Reputational Risk For Companies Operating In Brazil Moody’s (December 2021) Environmental damage to Brazil’s biomes will have a substantial impact on Brazilian companies in coming years, rippling across different sectors and the wider economy. Nature-Related Financial Risks in Brazil World Bank (August 2021) A paper exploring to what extent and how Brazilian financial institutions are exposed to nature-related risk and biodiversity loss through their lending to non-financial corporates. Assessing nature-related issues of key value chain clients as a Brazilian Asset Manager Frontierra, JGP Gestão de Crédito Ltda and Global Canopy | 2023Location: BrazilLEAP Use Case JGP participated in a TNFD pilot to enhance their understanding of nature-related risks, with a particular focus on deforestation within Brazil’s agriculture sector. The pilot involved using the LEAP approach to assess the nature impact of two agricultural companies in their ESG Credit fund. Identifying regulatory barriers and recommendations for assessing asset geolocation in South America Global Canopy (November 2023) Global Canopy has launched a new report investigating financial institutions’ abilities to obtain critical geographic location data about the operations and supply chains of companies in their portfolios in Brazil, Peru, Ecuador and Colombia, as part of... Red Gold: Spanish Strawberries and German Supermarkets TNFD | December 2024Location: Germany, Spain, SwitzerlandCase Study This case study examines the nature-related dependencies and impacts of Spanish strawberry production, the impact of consumer boycotts on this commodity and how supermarkets have responded to reputational and financial risks. High and Dry: How water issues are stranding assets CDP and Planet Tracker | 2022Location: Argentina, Australia, Canada, Chile, India +1 moreCase Study This report covers the significance of the water crisis to the financial sector and how water risk is becoming a potential threat to financial stability. It examines the drivers of water risks - physical, regulatory, reputational, technological - and assesses the level of awareness and preparedness... Related publications Additional sector guidance – Food and agriculture Discussion paper on proposed approach to value chains Guidance on biomes Related webinars Insights on TNFD Sector Guidance March 8, 2024 (Updated: January 28, 2025) This Forum member webinar explored the draft sector guidance for 9 sectors published at COP28 in December 2023. This session provides an overview of all sector guidance, followed by two short deep dives on Metals & Mining... Webinar TNFD 101: Uma introdução à Força-Tarefa sobre Divulgações Financeiras Relacionadas à Natureza September 16, 2024 (Updated: September 16, 2024) Neste webinar, exploraremos por que a TNFD foi criada, quais são seus objetivos, a abordagem que a Força-Tarefa adotou e o que foi recomendado em termos de melhor gestão de questões relacionadas à natureza, incluindo suas...