Law & Policy Active Updated Sep 2, 2026
JBS's climate retreat
Where it stands, Sep 2, 2026 Pilgrim's Europe workers at a Northern Ireland meat plant that also makes vegan sausages escalated to an all-out strike over pay and unpaid morning breaks.
JBS, the world's largest meatpacker, dropped its 2040 economy-wide net-zero and deforestation pledges in its latest sustainability review, replacing them with a narrower target covering only its own operations. The company excluded Scope 3 emissions, which make up 97% of its footprint, from the new goal. This storyline tracks whether investors, regulators or campaign groups push JBS back toward accountability for its full climate and deforestation record, and whether other major meatpackers follow its retreat.
What the brief said to watch
- Raised Aug 20, 2026, no date set The proposal needs sign-off from a special committee of independent directors and a majority vote of unaffiliated Pilgrim's shareholders before it can close. [70]
The story so far
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Sep 2, 2026 Latest
Pilgrim's Europe workers at a Northern Ireland meat plant that also makes vegan sausages escalated to an all-out strike over pay and unpaid morning breaks.
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Aug 20, 2026
JBS made a fresh $28.49-a-share bid, via a 2.086-for-1 stock swap, for full control of Pilgrim's Pride, the 82% stake it does not already own, four years after walking away from a nearly identical offer; the proposal needs sign-off from a special committee of independent directors and a majority vote of unaffiliated shareholders before it can close.
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Aug 18, 2026
JBS-backed Pilgrim's Europe agreed to buy UK pork firm Walkers from Samworth for about £141.5 million, expanding its meatpacking footprint.
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Aug 8, 2026
JBS launched a $5 billion joint venture with Indonesia's sovereign-wealth fund Danantara to expand meat production across Indonesia, South East Asia, Australia and New Zealand, with Danantara building a 25% stake from an initial $800 million toward a $2.5 billion commitment.
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Jul 17, 2026
JBS dropped its 2040 economy-wide net-zero and deforestation pledges, replacing them with a narrower goal to cut Scope 1 and 2 emissions intensity 30% by 2030 that excludes Scope 3 emissions, which made up 97% of the company's 191 million tonnes of CO2e emitted in 2025, up 22% from 2023. Mighty Earth's Gemma Hoskins said the reversal would not diminish scrutiny of JBS's climate and deforestation record.
This fight, in numbers
Every sourced figure the brief has published on this storyline, newest first.
- 82% of Pilgrim's Pride JBS already owns, the stake it is now trying to fully absorb
- $28.49 per share, via a 2.086-for-1 JBS stock swap, is what JBS is offering for the rest
- $5 billion total capital the new JBS-Danantara joint venture plans to raise for meat production expansion across Indonesia, South East Asia, Australia and New Zealand
- 25% stake Indonesia's sovereign-wealth financing arm will hold in the venture, built up from an initial $800 million (9.64%) toward a $2.5 billion commitment
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