JBS charges ahead with climate change commitments for a greener tomorrow
JBS to achieve net-zero by 2040
JBS is proud to have been the first major global company in the protein sector to establish a net-zero target that spans its worldwide operations. This commitment will see the company achieve net-zero greenhouse gas (GHG) emissions by 2040, including across the operations of its diverse value chain of agricultural producer partners, suppliers and customers.
Welcoming the commitment, Gilberto Tomazoni, JBS’ global chief executive officer, was unequivocal when he said that “climate change is the great challenge of our time and we must act urgently to combat the negative effects of global warming.”
To accomplish its net-zero goal, the company will adopt several strategies to achieve reductions in emissions, including:
- Reducing direct emissions in its facilities: JBS will reduce its global scope 1 and 2 emission intensity by at least 30% by 2030 against base year 2019.
- Investing in the future: JBS will invest more than $1 billion in incremental capital expenditures over the next decade in emission reduction projects. The Company will engage its Team Members and award funding for projects to its facilities using a panel consisting of company executives, specialists and academics.
- Eliminating deforestation: JBS will eliminate illegal Amazon deforestation from its supply chain – including the suppliers of it suppliers – by 2025, and in other Brazilian biomes by 2030. The company will achieve zero deforestation across its global supply chain by 2035.
- Using 100% renewable electricity in its facilities: JBS will join RE100 and convert to 100% renewable electricity across its global facilities by 2040.
- Fostering innovation: JBS will invest $100 million by 2030 in research and development projects to assist producer efforts to strengthen and scale regenerative farming practices, including carbon sequestration and on-farm emission mitigation technologies. This investment will contribute to reducing scope 3 emissions across the value chain, in our efforts toward net zero.
- Ensuring accountability: Across the company, performance against environmental goals, including GHG emission reduction targets, will be part of senior executive compensation considerations.At JBS, we fully recognise the collective ambition of our customers to reach net-zero. We look forward to partnering with you to make these plans a comprehensive reality as we continue to promote our longstanding commitment to sustainability and ongoing efforts to reduce emissions.