JBSS3 Jbs Sa

   By Stephen Nakrosis 
 

Food company JBS SA on Tuesday said it would work to achieve net-zero greenhouse gas emissions by 2040.

The company said its commitment spans all its global operations, including Pilgrim's Pride Corp., along with "its diverse value chain of agricultural producer partners, suppliers and customers in their efforts to reduce emissions across the value chain."

The company also said it 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 said it will take actions including "reducing global scope 1 and 2 emission intensity by at least 30% by 2030 against base year 2019," and investing over $1 billion "in incremental capital expenditures over the next decade in emission reduction projects."

The company said it intended to eliminate illegal Amazon deforestation from its supply chain by 2025 "and in other Brazilian biomes by 2030."

JBS said it will "achieve zero deforestation across its global supply chain by 2035," and also said it would "convert to 100% renewable electricity across its global facilities by 2040."

Write to Stephen Nakrosis at stephen.nakrosis@wsj.com

(END) Dow Jones Newswires

March 23, 2021 19:26 ET (23:26 GMT)

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