Log in
Forgot password ?
Become a member for free
Sign up
Sign up
New member
Sign up for FREE
New customer
Discover our services
Dynamic quotes 

MarketScreener Homepage  >  Equities  >  Bolsa de Valores de Sao Paulo  >  JBS SA    JBSS3   BRJBSSACNOR8


SummaryMost relevantAll NewsPress ReleasesOfficial PublicationsSector newsMarketScreener StrategiesAnalyst Recommendations

JBS : Statement to the NGO Global Witness

12/03/2020 | 03:23pm EST

JBS takes its commitment to stamp out all illegal deforestation in its supply chain seriously and has led industry efforts to engage with authorities to provide effective due diligence measures to tackle this issue. In September 2020, we also launched a new blockchain JBS Green Platform to provide a workable solution to address indirect suppliers - those we have no direct relationship with - with the ambition to have an illegal deforestation-free supply chain by 2025 with a phased approach to compliance over the interim period. The Green Platform is an example of industry self-regulation and due diligence best practice.

The Chain Reaction Research and Global Witness conclusions are inaccurate and misleading. There are flaws in the analysis which were highlighted to Global Witness earlier this year, following a JBS review of each alleged case. These cases contained accusations of deforestation only and were not linked to land grabbing or human rights violations.

JBS presented technical analysis and justification for 100% of the cases presented by Global Witness. All of which were found to be in accordance with the Public Prosecutor's Office (MPF) Supplier Monitoring Protocol at the time of purchase. Some have subsequently been subject to embargo which was not in effect at this time and accordingly have been blocked automatically by our system from the point the embargo applied.

We also work with the MPF to constantly improve the accuracy of the data and its application. Our suggestions have been consolidated by the MPF into the supplier monitoring protocol that must be used by all those operating in the Legal Amazon region to block and unblock suppliers based on specific documentation. Analyses of suppliers undertaken without observing the technical rules of the MPF protocol is likely to lead to erroneous results. Based on the analysis presented, JBS reiterates that it did not make any irregular cattle purchases that did not comply with the MPF protocol.

JBS is independently audited annually. We have confidence in this system and our most recent audit found 100% of direct purchases met the company's social-environmental criteria. It is important to note that some of the cases presented by Global Witness may have not been identified in the audit process given that they were cancelled and JBS did not acquire cattle from these ranches.

Furthermore, JBS closely monitors its suppliers for compliance in all aspects of our Responsible Procurement Policy and has not previously identified issues relating to human rights abuses of Indigenous communities or other protected groups. We have a commitment to no forced labour, labour trafficking, or third-party exploitation of workers within our supply chain.

Our Together for the Amazon program reinforces our belief in the need to work collaboratively with producers, civil society, academics and local authorities to bolster our systems, protect the Amazon, and continue to drive improvements but this must be based on a sound evidence-led approach.


JBS SA published this content on 01 December 2020 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 03 December 2020 20:22:02 UTC

© Publicnow 2020
All news about JBS SA
01/14JBS : Friboi renews partnership with the “Instituto Chefs Especiais”
01/14JBS : hands over the project that revitalized the “Mini Center” of t..
01/11Pilgrim's Pride, Tyson Foods settle some chicken price-fixing litigation
01/05JBS : B3 confirms JBS in the Carbon Efficient Index
01/04JBS : China suspends imports from Brazil pork plant over coronavirus concerns
2020JBS : starts transportation using low-carbon trucks
2020China meat association calls for exporters to disinfect shipments to prevent ..
2020JBS : Minutes of the board of directors' meeting held on december 16, 2020
2020JBS : advances in global sustainability ranking
2020JBS : donates medical equipment to accelerate Covid-19 testing in Brazil
More news
Sales 2020 267 B 50 619 M 50 619 M
Net income 2020 3 039 M 577 M 577 M
Net Debt 2020 47 415 M 8 997 M 8 997 M
P/E ratio 2020 21,4x
Yield 2020 2,90%
Capitalization 64 430 M 12 332 M 12 226 M
EV / Sales 2020 0,42x
EV / Sales 2021 0,38x
Nbr of Employees 242 000
Free-Float 35,1%
Chart JBS SA
Duration : Period :
JBS SA Technical Analysis Chart | JBSS3 | BRJBSSACNOR8 | MarketScreener
Technical analysis trends JBS SA
Short TermMid-TermLong Term
Income Statement Evolution
Mean consensus BUY
Number of Analysts 13
Average target price 35,77 BRL
Last Close Price 24,56 BRL
Spread / Highest target 144%
Spread / Average Target 45,6%
Spread / Lowest Target 1,79%
EPS Revisions
Managers and Directors
Gilberto Tomazoni Chief Executive & Operating Officer
Jeremiah Alphonsus O'Callaghan Chairman
Guilherme Perboyre Cavalcanti Chief Financial Officer
José Batista Sobrinho Vice Chairman
Cledorvino Belini Independent Director
Sector and Competitors
1st jan.Capitalization (M$)
JBS SA4.02%12 332
TYSON FOODS, INC.0.50%23 625
JUEWEI FOOD CO., LTD.16.71%8 508