Results from the first phase of the cross-sector project CarbonPrime have been released, suggesting that estimates based on secondary data are not accurate enough to make investment decisions regarding emissions reduction. This could impact how the agricultural sector targets investment in sustainable infrastructure.
The National Advertising Division (NAD) of the Better Business Bureau has ruled against global meat giant JBS (BVMF:JBSS3) and its claims of a net zero trajectory.
Brazil’s JBS (BVMF:JBSS3), the world’s largest meat processing company, has announced that it is to install a biodigester at its Friboi beef processing plants, reducing direct greenhouse gas emissions by 65%.
The latest report by the FAIRR Initiative warns that the rising costs of climate change could see 20 leading livestock producers falling into net operational loss by 2030.
Jacobs (NYSE:J) has included Scope 3 emissions reduction targets in its latest sustainability-linked bonds (SLBs) issuance. The initiative will invite scrutiny, but the firm’s ability to achieve its goal may also revive issuance in the asset class, which has been declining.
S&P Global Ratings is forecasting a rise in the issuance of green, social, sustainable, and sustainability-linked (GSSS) bonds in 2023, but believes sustainability-linked bonds (SLBs) are at a turning point, after their issuance declined in 2022.
Global advocacy organisation Mighty Earth has filed a complaint with the US Securities and Exchange Commission (SEC) against meat producer JBS (BVMF:JBSS3) and its issue of ‘green bonds’.
As the biodiversity COP kicks off in Montreal, the FAIRR investor network warns that the meat and dairy industries are failing to manage their impacts on biodiversity leaving companies exposed to various regulatory, legal and reputational risks.
Brazilian beef company Marfrig (SAO:MRFG3.SA), supplier to the likes of Nestlé (OTCM:NSRGY), McDonalds (NYSE:MCD) and Burger King (part of Restaurant Brands International NYSE:QSR), stands accused of sourcing cattle from farms on illegally occupied indigenous lands.
The $68 trillion-backed FAIRR Initiative has launched a world-first investor engagement addressing the biodiversity impacts of animal waste mismanagement and nutrient pollution from intensive livestock production.