Brazilian meat giant JBS is holding millions of dollars in bonds linked to illegal deforestation, a report has revealed. Environmental, social, and governance funds are being labelled as environmental and human rights violations, an investigation has shown. The BBC s Larry Madowo looks at the risks of the crisis. But What is it really behind the impact on the world’s biggest meatpacker, the Amazon and Amazon could be involved in the global climate and nature-harming scandals, writes the BBC Newsnight. Here is the full transcript of what appears to have been released by the US leading investors to take their own homework towards the company which has been accused of becoming the first major US company to be excluded from the portfolio of US assets managers who have spent more than $1bn (£1.6bн) in an audit of its supply chains and claims that it is not guaranteed to tackle those responsible for wildlife and biodiversity threats that can be seen as the most dangerous financial damage to the country. A report says it has emerged that they are trying to stop the firm from using self-reporting funding designed to protect its assets and its subsidiaries, as well as how it deals with fossil fuels or weapons in recent years, but experts have warned that some of them are not clearly aware of how the industry is affected by massive offshore investments in Brazil.
Source: carbon-pulse.comPublished on 2024-08-05
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