Donation for Trump’s inauguration

According to OGlobo, Pilgrim's Pride, a JBS company, was revealed as the largest donor to President Trump's administration in a recent financial report, with a donation of US$5 million—more than any other company, including large technology and financial companies. The NGO Mighty Earth reported that this information was shared just days before JBS confirmed that the US SEC had approved its proposal to list its shares on the NYSE, despite NGOs warning investors that the company's new structure would transfer 85% of voting control to the Batista family, seriously limiting the opportunities for minority shareholders to run the company, including on ESG issues.

By |2025-04-27T09:00:35-03:0024/04/2025|Corporate Governance Problems|0 Comments

Price manipulation

Pilgrim’s Pride, a U.S. subsidiary of JBS, as described in the settlement, has agreed to pay USD 41.5 million to settle a class action lawsuit filed by investors who accused the company of artificially inflating its share price through misleading statements. The shareholders alleged that the company concealed a widespread price-fixing scheme aimed at charging artificially high prices for chicken.

By |2025-04-26T22:12:26-03:0027/01/2025|Corporate Governance Problems|0 Comments

McDonald’s denounces cartel

As reported by Reuters, the fast food chain McDonald’s has sued JBS, Tyson Foods and other leading companies in the meat processing and packing sector. According to the complaint, the companies coordinated for years to restrict the supply of meat in the market, artificially inflating prices. The lawsuit is being heard in a U.S. federal court.

By |2025-04-27T09:35:45-03:0007/10/2024|Corporate Governance Problems|0 Comments

Climate delay

JBS employs tactics to delay, distract, and obstruct transformation of the food system—similar to those historically used by the tobacco and fossil fuel industries—according to a report by the Changing Markets Foundation. The organization notes that JBS spends more on advertising than on its efforts to achieve net-zero emissions, which accounted for just 0.03% of its annual revenue in 2022.

Influence on academic research

As reported by Repórter Brasil, JBS USA, the U.S. arm of the Brazilian company, has financed studies conducted by public universities in the United States that downplay the role of livestock in climate change, according to research by Yale University and the University of Miami published in the scientific journal Climatic Change. The research concludes that this type of support is reportedly part of a broader strategy by the meat industry to hinder the adoption of climate policies that could negatively impact the sector, while seeking to positively influence public opinion.

No concrete plan

The National Advertising Review Board (NARB), the self-regulatory body for the U.S. advertising industry, recommended that JBS cease publishing five key statements related to its “Net Zero by 2040“ campaign, as they could mislead consumers into believing that effective measures were already being implemented. NARB concluded that JBS had not presented a concrete plan to achieve its goal of net-zero emissions by 2040.

Racial discrimination

As revealed in Bloomberg Law, JBS has been the target of a class action lawsuit filed by Black employees alleging racial discrimination at the company’s meatpacking plant in Souderton, Pennsylvania, in the United States. According to the complaint, the thirteen employees claim they were subjected to racial insults by managers and coworkers, denied promotions and pay raises, and forced to work in lower-paid areas of the plant.

By |2025-04-27T09:36:21-03:0016/05/2023|Corporate Governance Problems|0 Comments

Child labor in the United States

According to reports by the U.S. Department of Labor, a third-party company providing cleaning services for JBS employed at least 31 children, aged between 13 and 17, to perform hazardous tasks. These activities included cleaning high-risk motorized equipment during night shifts at thirteen facilities located across eight states in the US. The case was settled with a payment of USD 1.5 million by the subcontracted company, Packers Sanitation Services Inc.

By |2025-04-27T09:36:22-03:0017/02/2023|Corporate Governance Problems|0 Comments

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.

Pilgrim’s Pride admits guilt

Pilgrim’s Pride, a U.S. subsidiary of JBS, pleaded guilty and was ordered to pay fines for its involvement in a price-fixing and bid-rigging scheme related to the sale of chicken products, according to the U.S. Department of Justice. The case was closed in 2025 with the payment of a reduced fine of USD 41 million.

By |2025-04-27T10:02:27-03:0023/02/2021|Corporate Governance Problems|0 Comments
Go to Top