From Yahoo Finance: 2025-06-16 06:52:00

Shares in JBS, the Brazilian meat giant, closed slightly up on their first day of trading in New York. The listing faced criticism due to environmental concerns and governance issues. Shareholder advisory firms recommended voting against the listing, citing governance risks. JBS faces potential legal liabilities of nearly $7bn.

JBS contested the legal liabilities figure, stating possible liabilities were $6bn. The company clarified that possible proceedings do not reflect expected losses. Environmental groups criticized the company’s record, with one NGO calling its US debut a “dark milestone.” JBS aims for net zero greenhouse gas emissions by 2040.

NGO Mighty Earth informed NYSE that JBS listing could violate US anti-money laundering laws. JBS admitted uncertainty in ensuring cattle compliance with laws. JBS’s new Netherlands-based holding structure may expose it to legal challenges. Shares closed at $13.87 in New York trading.

CEO Gilberto Tomazoni stated the listing strengthens access to global markets and enhances long-term value. Environmental groups warn of the impact of JBS’s operations. Greenpeace raises concerns over JBS’s new Netherlands structure. Investors should be aware of potential legal risks and challenges to JBS’s growth model.



Read more at Yahoo Finance: NGOs issue warnings after JBS shares start US trading