Climate groups slam SEC’s JBS listing approval as ‘deep failure’
JBS has been linked to corruption, deforestation and land-grabbing.
Climate NGOs have strongly criticised the US Securities and Exchange Commission’s approval of Brazilian meatpacker JBS’ initial public offering, after spending years documenting the company’s environmental and human rights abuses.
JBS received the SEC’s approval for its New York Stock Exchange listing on April 23, two years after the Brazilian company first applied for it. In that time, NGOs and activist shareholders have repeatedly called on the SEC not to approve the IPO, based on JBS’ environmental and human rights track record.
