(Bloomberg) — A group of UK lawmakers is planning to push the US Securities and Exchange Commission to block listing JBS SA, the world’s largest meat supplier, on the New York Stock Exchange, citing efforts to fight climate change.
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JBS “has a well-documented history of engaging in deforestation, violating human rights, and seizing land from Indigenous communities,” according to a draft letter signed by 12 parliamentarians that was expected to be delivered Wednesday to SEC Chair Gary Gensler. “The company’s practices pose a significant threat to the ecosystem for global climate regulation and biodiversity conservation.”
Read More: World’s Top Meat Packer JBS Seeks Long-Awaited NYC Listing (3)
The Brazilian company has been seeking a US listing for more than a decade, following its aggressive expansion that has made it a global giant. With operations from Colorado to New Zealand, the company is the…
