Complaint against sustainable bonds
Mighty Earth reported JBS to the U.S. Securities and Exchange Commission (SEC) for allegedly misleading investors by issuing $3.2 billion in “green bonds.” According to the organization, the company linked these bonds to its goal of achieving net-zero emissions by 2040, despite an increase in its emissions in recent years. Additionally, the organization indicates that JBS omitted 97% of its carbon footprint from its calculations by excluding emissions from its production chain.