"New York Files Lawsuit Against JBS Over Misleading Climate Claims"

1 min read
Source: The Guardian US
"New York Files Lawsuit Against JBS Over Misleading Climate Claims"
Photo: The Guardian US
TL;DR Summary

The state of New York is suing JBS, the world's largest meatpacker, over allegations of misleading customers with sustainability claims, including a plan to reach net zero carbon neutral standards by 2040. The lawsuit accuses JBS of "environmental greenwashing" and claims that the company has no viable plan to meet its commitment. JBS, which is controlled by Brazil's Batista brothers, has faced opposition to its plan to list its US arm on the New York Stock Exchange due to environmental concerns. The lawsuit seeks disgorgement of ill-gotten gains and penalties for misleading the public about their business practices.

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