Investors renew calls to block JBS IPO based on sustainability concerns
“JBS has a long history of misleading investors by exaggerating its environmental track record and minimising environmental risks."
Meat company JBS is under fire again for lowering sustainability standards in its latest New York Stock Exchange IPO application, with investors calling on the SEC to block the listing.
A group of 18 investors, led by NGOs Global Witness and Mighty Earth and representing US$22.2 billion in assets under management, have sent a letter to the US Securities and Exchange Commission (SEC), urging it to block JBS’ desired IPO to “protect investors on the US stock exchange”.
