JBS S.A.

JBSS3:BZ BRJBSSACNOR8
Key Information
HQ:
Brazil
Market Cap:
$8.19bn
Primary Markets:
Asia, North America, LATAM



Company Information

Company Summary

JBS is the world's second-largest food company, with an extensive product portfolio focusing mainly on fresh and frozen beef, pork and poultry, as well as prepared and processed foodstuffs and aquaculture. The Company operates in Brazil, the United States, Canada, Australia, the United Kingdom, France, Mexico, Argentina, and Paraguay, among others.
JBS

Revenue

Total revenue:

$65.1bn

Revenue by Geography

Revenue by Protein

Revenue by Product Type

Note: This financial breakdown is based on Annual reports released in 2022, containing, in most cases, FY2021.


Disclosures

CDP ScoresLast Reviewed: 11/10/2023

CDP ClimateCDP ForestsCDP Water
YesYesYes

Science Based Target InitiativeLast Reviewed: 03/10/2023

Target classificationStatusDate
1.5°CCommitted2021

Coller FAIRR Protein Producer Index

Analysis Overview

Index-Radar-2023
Greenhouse Gas Emissions Deforestation & Biodiversity Water Use & Scarcity Waste & Pollution Antibiotics Animal Welfare Working Conditions Food Safety Sustainability Governance Alternative Proteins

Analysis Breakdown

Risk Score

40/100
Medium Risk



Greenhouse Gas Emissions

52/100

Scope 1, 2 & 3 Target
60/100
Type of Target
0/0.5
Strength of Target - SBT
3/4.5
Source(s): Climate Change CDP 2022 English, page 21, 24, 53; JBS Management Report 2022.pdf, page 4; JBS Sustainability Report 2021.pdf, page 7, 8, 9, 10, 11, 13, 16, 60, 62, 63; SBTI Website; SBTi Webpage

Innovation on GHG Emission Reduction
40/100
Innovation to Reduce Agriculture Emissions
1/1
Feed Farming Innovation
0/2
Animal Farming Innovation
1/2
Source(s): Climate Change CDP 2022 English, page 54, 55; Greener Cattle Initiative; JBS Sustainability Report 2021.pdf, page 11, 15, 64, 84, 128; Soil and Water Outcomes Fund

Quality of GHG Inventory
65/100
Quality and scope of GHG inventory Completeness
1.5/1.5
Feed & Animal Farming Emissions
1/2
Transparency of GHG Inventory
0.75/1.5
Source(s): Climate Change CDP 2022 English, page 2, 36, 37, 38, 41, 43, 44, 45, 51; Inventory of Greenhouse Gas Emissions 2021 English, page 14; JBS Sustainability Report 2021.pdf, page 19, 65, 78

Emissions Performance
15/100
Overall Emission Performance
0.75/5
Source(s): Climate Change CDP 2022 English, page 21, 22, 41, 43, 44; JBS Sustainability Report 2021.pdf, page 17, 19

Climate-related Scenario Analysis
80/100
Climate-related Scenarios Analysis Conducted
1/1
Disclosure of Analysis Results on Material Risks
1.99/3
Disclosure of Financial Material Events & Alignment of CAPEX
1/1
Source(s): Climate Change CDP 2022, page 10, 12, 54; Climate Change CDP 2022 English, page 9, 10, 11, 13, 14, 17, 18, 19, 21; JBS CDP Forest 2022.pdf, page 30, 31; JBS Sustainability Report 2021.pdf, page 127; Water CDP 2022 English, page 12, 13, 14, 16



Deforestation & Biodiversity

36/100

Deforestation/Conversion-free Target - Soy for Animal Feed
55/100
Risk Assessment to Identify High-risk Locations
0.25/0.5
Strength of Deforestation Commitment
1.5/2
Regional & Operational Coverage of Commitment
0.75/1.25
Transparency - Progress Against Commitment
0.25/1.25
Source(s): CDP Forests 2021, page 30, 32; JBS CDP Forest 2022.pdf, page 4, 6, 7, 11, 12, 39, 41, 53, 76, 79, 80, 98, 143; JBS Management Report 2022.pdf, page 4, 16, 62; JBS Sustainability Report 2021.pdf, page 78

Deforestation/Conversion-free Target - Cattle
13/100
Risk Assessment to Identify High-risk Locations
0.25/0.5
Strength of Deforestation Commitment
0.25/3.25
Transparency - Progress Against Commitment
0.13/1.25
Source(s): JBS CDP Forest 2022.pdf, page 4, 35, 37, 38, 39, 77, 78, 79; JBS Management Report 2022.pdf, page 4; JBS Responsible Procurement Policy.pdf, page 1; JBS Sustainability Report 2021.pdf, page 78, 80

Engagement, Monitoring & Traceability - Soy for Animal Feed
48/100
Supplier Engagement
0.2/1.25
Compliance monitoring & Traceability
1.95/3.25
Feed Innovation
0.25/0.5
Source(s): Climate Change CDP 2022, page 27; JBS CDP Forest 2022.pdf, page 89, 90, 98, 111; JBS Management Report 2022.pdf, page 4, 16, 62; Soil and Water Outcomes Fund

Engagement, Monitoring & Traceability - Cattle
30/100
Supplier Engagement
1.05/1.25
Compliance monitoring & Traceability
0.3/3.5
Feed Innovation
0.13/0.25
Source(s): Climate Change CDP 2022, page 27; JBS CDP Forest 2022.pdf, page 7, 60, 62, 63, 79, 95, 96, 100, 118, 119; JBS Responsible Procurement Policy.pdf, page 1; JBS Sustainability Report 2021.pdf, page 10, 11, 13, 78, 79, 80, 127; Mighty Earth folder of 68 deforestation cases for JBS 2023; Mightyearth Factsheet 2023, page 1, 3; Soil and Water Outcomes Fund; Unearthed Webpage



Water Use & Scarcity

40/100

Water Use & Scarcity in Facilities
71/100
Monitoring Water Consumption & Withdrawals
0.75/0.75
Target to Reduce Water Consumption & Withdrawals
0.5/1
Disclosure & Performance of Water Risks in Facilities
2.3/3.25
Source(s): JBS Sustainability Report 2021.pdf, page 17, 19, 32, 33, 60, 74, 75; Water CDP 2022, page 5; Water CDP 2022 English, page 1, 2, 5, 17, 18, 31, 67, 71; Water Management Webpage

Water Use & Scarcity in Feed Farming
8/100
Supplier Engagement in Water Use in Feed Farming
0/2.5
Disclosure of Water Risks in Feed Farming
0.4/2.5
Source(s): Climate Change CDP 2022 English, page 27; JBS Sustainability Report 2021.pdf, page 11; Soil and Water Outcomes Fund; Water CDP 2022 English, page 26, 27, 46, 47

Water Use & Scarcity in Animal Farming
42/100
Supplier Engagement in Water Use in Animal Farming
1.3/3
Disclosure of Water Risks in Animal Farming
0.8/2
Source(s): JBS Sustainability Report 2021.pdf, page 51; Water CDP 2022 English, page 7, 11



Waste & Pollution

31/100

Wastewater at Facilities
60/100
Disclosure & Targets for Wastewater Quality & Volume Discharged
0.75/1.5
Transparency on Water Pollution Risks
1.75/2
Performance on Wastewater Quality & Volume Discharged
0.5/1.5
Source(s): JBS Sustainability Report 2021.pdf, page 74, 75, 160; Water CDP 2022 English, page 1, 2, 3, 4, 5, 16, 63, 75

Nutrient Management in Feed Farming
12/100
Supplier Engagement in Nutrient Pollution Risks
0/4
Innovation to Improve Nutrient Management in Feed Farming
0.6/1
Source(s): JBS Sustainability Report 2021.pdf, page 113; Our Net-Zero Commitment; Soil and Water Outcomes Fund

Manure Management in Animal Farming
21/100
Disclosure of Pollution Risks from Manure
0.3/1.25
Supplier Engagement in Manure Management
0.75/1.5
Innovation to Improve Nutrient Management in Animal Farming
0/2.25
Source(s): CDP Climate 2022, page 12, 13; JBS Sustainability Report 2021.pdf, page 11, 67, 73; Water CDP 2022, page 16; Water CDP 2022 English, page 3



Antibiotics

25/100

Policy on Antibiotics Use
35/100
Policy on Antibiotics Use
1.75/5
Source(s): JBS Management Report 2022.pdf, page 4; JBS Sustainability Report 2021.pdf, page 110, 111, 116, 117; JBS USA Health Nutrition Webpage

Disclosure of Quantity of Antibiotics Used
15/100
Disclosure of Quantity of Antibiotics Used
0.75/5
Source(s): JBS Sustainability Report 2021.pdf, page 116, 117



Animal Welfare

49/100

Animal Welfare Policy
70/100
Welfare Policy
2/2
Key Welfare Issues
1.5/3
Source(s): Animal Welfare Management Webpage; Best Practices - Confinement 2018 English, page 2; Breeding, Transportation and Production Webpage; Code of Conduct and Ethics 2022, page 12, 20; JBS Sustainability Report 2021.pdf, page 82, 109, 110, 111, 112, 113, 114, 115, 117, 118, 119, 120, 121; Transportation Webpage

Assurance & Certification
47/100
Auditing & Assurance by an Animal Welfare Organisation
2.09/4
Public Reporting on Welfare
0.25/1
Source(s): About Us Webpage; Achievements and Certifications Webpage; Animal Care- Humane Handling Webpage; Beef and Lamb suppliers Webpage; Commitments Webpage; JBS Animal Welfare Performance Report 2021.pdf, page 9, 10; JBS Sustainability Report 2021.pdf, page 79, 109; Pork Suppliers Webpage

Performance on Key Material Risks
29/100
Performance on Key Material Welfare Risks by Protein
1.44/5
Source(s): Breeding, Transportation and Production Webpage; Humane Handling Web Page; JBS Sustainability Report 2021.pdf, page 17, 113, 114, 119, 121



Working Conditions

48/100

Human Rights
40/100
Strength of Policy
1/1
Due Diligence Process
1/3
Evidence of Remediation
0/1
Source(s): Business Global Policies 2021, page 3

Fair Working Conditions
61/100
Policy for Direct Operations
1.6/3
Monitoring & Discosure
1.45/2
Source(s): Business Associate Code of Conduct 2023, page 9, 10; Business Global Policies 2021, page 3; Code of Conduct and Ethics 2022, page 9, 15, 16, 17; Compliance Verification Audit 2022, page 5; Compliance Webpage; Ethics Line Webpage; JBS Sustainability Report 2021.pdf, page 17, 131, 132

Safety & Turnover Data
41/100
Committee representation of workers
0.6/2
Disclosure of safety and turnover data
1.43/3
Source(s): Achievements and Certifications Webpage; Business Global Policies 2021, page 4; Code of Conduct and Ethics 2022, page 15; Health and safety; JBS Sustainability Report 2021.pdf, page 102

Freedom of Association
50/100
Strength of Policies
1/3
Disclosure of Collective Bargaining Metrics
1.48/2
Source(s): Business Associate Code of Conduct 2023, page 9, 15; Business Global Policies 2021; JBS Code of Conduct and Ethics 2022.pdf, page 24



Food Safety

48/100

Food Safety System
60/100
Certifications
2.5/3.5
Performance
0.5/1.5
Source(s): Blockchain platform developed by JBS begins operation Webpage; JBS Sustainability Report 2021.pdf, page 45, 46, 47, 48, 78, 79, 85, 158; King Island Beef Launches Traceability Program Webpage

Product Recalls & Market Bans
35/100
Product Recall Systems
1.25/3
Performance
0.5/2
Source(s): JBS Sustainability Report 2021.pdf, page 46, 159



Sustainability Governance

34/100

Assessment of a Company's Sustainability Governance
34/100
Board Sustainability
0.25/2
Incentives & Policy Engagement
1.2/2.5
Innovation & Benchmarking
0.25/0.5
Source(s): Board, Council and Committees Webpage; CDP Climate 2022, page 7, 60; Climate Change CDP 2022 English, page 62; Quality and Innovation- Technology and Processes; Socio-Environmental Responsibility Committee 2022, page 1; Work Groups and Associations Webpage



Alternative Proteins

60/100

Diversification of Products to Alternative Protein Sources
60/100
Existing product portfolio
0.5/2.5
Investing for future growth
2.5/2.5
Source(s): JBS Foods: Our Business - Pilgrim's; JBS Sustainability Report 2021.pdf, page 21, 24, 27, 50, 51, 52; JBS to exit Planterra Foods; Management Report 2022, page 19, 55; Mediaroom Webpage 2021; Website: Plant-based offering

Members-only supplement

If you would like to view the Analysis Breakdown, sign up to become an investor member or log in to the FAIRR network.

Icon-Notification JBS SA was previously assessed as JBS USA in 2022 and 2021. This year we are assessing JBS SA.

Working Conditions Engagement

Analysis Overview

WC-Radar
Grievance Mechanisms Economic Incentives Distribution by Contract Type Oversight of Governance Structure Support Worker Representation Engage Workers on Industry Trends

Analysis Breakdown




Health & Safety

Partial
Grievance Mechanisms - Availability & Access
Good
Grievance Mechanisms - Effectiveness & Evaluation
Low
Grievance Mechanisms - Categories & Reporting
Partial
Grievance Mechanisms - Channels for H&S and Worker Rights
Good
Grievance Mechanisms - Resolution Process
Low
Economic Incentives - Sick Pay Entitlement
Did Not Find
Economic Incentives - Other Economic Incentives
Low



Fair Working Conditions

Partial
Distribution by Contract Type
Partial
Oversight of Governance Structure
Low



Worker Representation

Low
Support Worker Representation - Internal & External Structures
Did Not Find
Support Worker Representation - Restrictions Under Law
N/A
Support Worker Representation - Operations in China
N/A
Support Worker Representation - Collective Bargaining
Good
Engage Workers on Industry Trends - Impact assessment on Employees
Low
Engage Workers on Industry Trends - Workforce Engagement
Did Not Find
Engage Workers on Industry Trends - Just Transition
Did Not Find

Members-only supplement

If you would like to view the Analysis Breakdown, sign up to become an investor member or log in to the FAIRR network.

Workstream Information
YoY Performance:
No Change
Index Working Conditions Score:
48/100
Assessed Proteins:
Beef, Poultry & eggs, Pork
Last Updated:
18 March 2024
2023 Resources
Phase 3 | Progress Report


Working Conditions Engagement Icons - Link Out

Waste & Pollution Engagement

Analysis Overview

Waste-Pollution-Radar
Risk Assessment Value Chain Coverage Risk Mitigation Circularity Company Engagement

Analysis Breakdown




Risk Assessment

Poor
Coverage of water quality risk assessment
Transparency and disclosure of water quality indicators
Recognition of nutrient pollution risk on biodiversity



Value Chain Coverage

Poor
Inclusion of upstream feed and livestock suppliers in risk assessment
Downstream use of manure by animal feed suppliers
Acknowledgment of regulatory risks
Transparency on non-compliance from suppliers



Risk Mitigation

Poor
Biogas generation and organic fertilisers from animal waste
Target-setting for water quality
Support to third-party suppliers



Circularity

Good
Pilot projects around nutrient circularity
Disclosure of investment in circular solutions
Targets to increase share of manure under circular initiatives



Company Engagement

Good
Level of company engagement with the coalition

Members-only supplement

If you would like to view the Analysis Breakdown, sign up to become an investor member or log in to the FAIRR network.