JBS

Region: 
Private: 
Public: 
Ticker: 
JBSS3 BZ
Market cap: 
$11,104 million
Country of incorporation: 
Brazil
Industry: 
Consumer Staples
Description: 

Manufactures and exports of meat products. Its product line includes corned beef, roast beef with gravy, stewed steak, sausages, canned vegetables and beef cuts1.

  1. 1. google company description
Positive Impact – Doing: 
Positive Impact – Talking: 

1. Sustainable development section on website1.

  1. 1. http://www.jbs.com.br/default.aspx?pagid=FMICRNWP&navid=481
Controversy: 

1. Friboi not transparent in its supply chain processes, despite its public CSR commitment on the website. The company declined an explanation of their processes in a Friends of the Earth – Brazilian Amazon study. The study deemed that “abattoir and meat processing companies responsible for 73% of the country’s beef exportations had commercial links with cattle raising ranches where slave labor was used during the period 2006-2007”. http://www.consumersinternational.org/Templates/Internal.asp?PrintFriend...
2. A week-long dispute between JBS Swift & Co. and hundreds of Muslim workers seeking Ramadan prayer accommodations flared into firings of about 100.1
3. JBS Souderton Inc., which was known as Smithfield Beef Group prior to Oct. 23, 2008, must pay at least $8 million in civil penalties and for upgrades to its Franconia plant operation and maintenance. That is part of a settlement announced Wednesday with the U.S. Environmental Protection Agency (EPA) and Pennsylvania. JBS entered into a consent decree after failing to comply with the Clean Water Act during plant operations, which resulted in fish kills on Aug. 10, 2007; Dec. 5, 2007; and June 10, 2008.2

  1. 1. http://www.greeleytribune.com/article/20080911/NEWS/109119997
  2. 2. http://www.thereporteronline.com/articles/2010/06/16/business/doc4c19469...
Notes: 

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