JBS to invest $1bn to hit zero GHG by 2040
Meat company and tannery owner JBS has committed to net-zero greenhouse gas (GHG) emissions by 2040.
The commitment spans the group's global operations, as well as its value chain of agricultural producer partners, suppliers and customers.
JBS has signed on to the United Nations Global Compact’s Business Ambition for 1.5°C initiative, which aligns with the most ambitious aim of the Paris Agreement to limit global warming.
It will invest more than $1 billion in incremental capital expenditures over the next decade in emission reduction projects. Around $100 million will be invested 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.
Gilberto Tomazoni, CEO of JBS, said: “Agriculture can and must be part of the global climate solution. We believe through innovation, investment and collaboration, net zero is within our collective grasp.”
