Brazil meat giant JBS vows net zero by 2040 amid record profits

Brazil meat giant JBS vows net zero by 2040 amid record profits

Much of net-zero target could be met if JBS ended deforestation by Amazon suppliers, say campaigners

The Brazilian company JBS, the world’s biggest meat processor, has announced record profits a day after it pledged to reach net-zero greenhouse gas emissions by 2040 – the first global meat and poultry company to do so.

Surging exports to China and Hong Kong fed its record profit of 4bn Brazilian reais (£516m) for the last quarter of 2020 – up a staggering 65% on the previous year – the company said on Wednesday night. Sales to China and Hong Kong from Brazil grew by about 60%, it said.

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