JBS Makes Global Commitment to Achieve Net-Zero Greenhouse Gas Emissions by 2040
March 23 2021 - 6:17PM
JBS, one of the world’s leading food companies, today 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 planet’s resources for future
generations. As part of its commitment, the company has signed on
to the United Nations Global Compact’s Business Ambition for 1.5°C
initiative, which aligns with the most ambitious aim of the Paris
Agreement to limit global warming.
“Climate change is the great challenge of our time and we must
act urgently to combat the negative effects of global warming,”
said Gilberto Tomazoni, JBS global chief executive officer. “As one
of the most diversified global food companies, we have an
opportunity to leverage our scale and influence to help lead a
sustainable transformation of agricultural markets that empowers
producers, suppliers, customers and consumers. Agriculture can and
must be part of the global climate solution. We believe through
innovation, investment and collaboration, net zero is within our
collective grasp.”
The company will develop GHG emission reduction targets across
its global operations and value chains in South America, North
America, Europe, the U.K., Australia and New Zealand. JBS will
provide a time-bound roadmap that provides interim targets
consistent with the criteria set forth by the Science Based Targets
initiative for a 1.5°C trajectory. The company will also provide
annual updates on progress to ensure transparency and disclose its
financial risks linked to climate change, in line with the Task
Force on Climate-related Financial Disclosure (TCFD)
initiative.
To accomplish its net-zero goal, the company will adopt several
strategies to achieve reductions in emissions, including:
- Reducing direct emissions in
its facilities: JBS will reduce its global scope 1 and 2
emission intensity by at least 30% by 2030 against base year
2019.
- Investing in the
future: JBS will invest more than $1 billion in
incremental capital expenditures over the next decade in emission
reduction projects. The company will engage its team members and
award funding for projects to its facilities using a panel
consisting of company executives, specialists and academics.
- Eliminating
deforestation: JBS will eliminate illegal Amazon
deforestation from its supply chain – including the suppliers of it
suppliers – by 2025, and in other Brazilian biomes by 2030. The
company will achieve zero deforestation across its global supply
chain by 2035.
- Using 100% renewable
electricity in its facilities: JBS will join RE100 and
convert to 100% renewable electricity across its global facilities
by 2040.
- Fostering
innovation: JBS will invest $100 million by 2030 in
research and development projects to assist producer efforts to
strengthen and scale regenerative farming practices, including
carbon sequestration and on-farm emission mitigation technologies.
This investment will contribute to reducing scope 3 emissions
across the value chain, in our efforts toward net zero.
- Ensuring
accountability: Across the company, performance against
environmental goals, including GHG emission reduction targets, will
be part of senior executive compensation considerations.
The company’s announcement is a continuation of its longstanding
commitment to sustainability and ongoing efforts to reduce
emissions. In Brazil, JBS currently monitors 100% of its direct
cattle suppliers for illegal Amazon deforestation and is leveraging
blockchain technology to monitor the suppliers of its suppliers. In
North America, JBS operations have reduced GHG emission intensity
by nearly 20% since 2015. In the UK and Northern Ireland, Moy Park
has reduced CO2 emission intensity by more than 77% since 2010, and
Pilgrim’s UK previously committed to net-zero emissions by
2040.
ABOUT JBSJBS is the world’s
second-largest food company and the largest animal protein
producer. With a global platform diversified by geography and
products, the company has more than 245,000 team members in South
America, North America, the United Kingdom, Europe, Australia and
New Zealand. JBS offers an extensive portfolio of brands recognized
for excellence and innovation, including Swift, Pilgrim’s Pride,
Seara, Moy Park, Friboi, Primo, and Just Bare, which are enjoyed by
consumers in more than 190 countries around the world every
day.
Media Contact:Nikki
RichardsonCorporate Communicationsnikki.richardson@jbssa.com
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