Expert briefing warns of governance risks of JBS new dual listing attempt on New York Stock Exchange (NYSE)

4 members

JBS have applied to the SEC to dual list their shares on the NYSE. Civil society are appealing to investors to raise awareness of the governance risks.

Please reach out to [email protected] for further information.

Collaboration details

A proposed corporate restructure as part of JBS’s dual listing proposal would hand 85% of voting rights to the Batista family at the point of listing, disenfranchising minority shareholders and limiting stewardship opportunities to shape the company’s deforestation, climate and human rights impact. JBS intend to finalise the listing by end 2023.

Please reach out to [email protected] for further information.

 

Objectives

What are we asking you to do?

1. Suspend support for, and further investment in, JBS or its subsidiaries until they provide a credible plan to address their emissions and risk of deforestation and human rights abuses.

2. Raise awareness – including through advisory services – of the environmental, social, and governance risks associated with JBS’s supply chain  

3. Existing investors should identify and provide redress and remedy to communities affected by the financing of JBS’s operations, where relevant

Attachments
  • Risks of JBS Dual Listing 2023_A Collective Warning to Financial Services.pdf Download
Created on
ESG theme
  • Environment
  • Social
ESG sub-theme
  • Biodiversity / nature
  • Climate change
  • Land use inc. deforestation
Sustainable Development Goal
  • 13 - Climate action
  • 15 - Life on land
Geography
  • Global
  • United Kingdom
Asset class
All