JBS NYSE Listing: Deforestation Concerns | Critics’ Plea
- JBS, the Brazilian meat processing giant, anticipates its shares will be available on the New York Stock Exchange beginning Friday. This JBS stock listing marks a significant milestone...
- Last month, minority shareholders approved the dual listing plan, which will see shares traded in both Sao Paulo and New York.
- The company has stated that the dual listing will provide increased access to investors and more favorable interest rates, supporting future growth.JBS also claims that a U.S.
JBS, the meat processing giant, prepares for its NYSE debut Friday, but the move is not without controversy. Environmental groups and critics voice strong concerns about deforestation and past misconduct tied to the company’s practices. Explore the details of the dual listing, shareholder objections, and the ongoing debate surrounding the
JBS Stock to Begin NYSE Trading Amid Scrutiny
Updated June 13, 2025
JBS, the Brazilian meat processing giant, anticipates its shares will be available on the New York Stock Exchange beginning Friday. This JBS stock listing marks a significant milestone for the company, which has grown into one of the world’s largest in its sector over 72 years.Approximately half of JBS’s revenue originates in the U.S., where it employs over 72,000 people and holds leading positions in beef, poultry, and pork production.
Last month, minority shareholders approved the dual listing plan, which will see shares traded in both Sao Paulo and New York. This decision followed opposition from environmental groups and U.S. lawmakers, who cited the company’s history of corruption, monopolistic practices, and environmental destruction.
The company has stated that the dual listing will provide increased access to investors and more favorable interest rates, supporting future growth.JBS also claims that a U.S. listing will subject it to greater regulatory oversight.The Securities and Exchange Commission approved the listing last month.
Despite these assurances, the JBS stock listing faces continued resistance. Mighty Earth, an environmental advocacy group, reportedly sent a letter to the NYSE board this week, urging them to reject the listing based on allegations that JBS profits from illegally deforested land in Brazil.
Glass Lewis,an investor advisory firm,also recommended shareholders vote against the dual listing.
JBS said the outcome showed shareholders were confident in the benefits a dual listing would bring.
Glass Lewis cited the return of Joesley and Wesley Batista to the JBS board as a concern for investors. The brothers, sons of the company’s founder, were previously jailed in Brazil in 2017 on bribery and corruption charges. The firm also raised objections to the company’s dual share class structure, which grants the Batistas and other controlling shareholders greater voting power.