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deforestation
JBS Doesn’t Deserve a Place in Our Markets or on Our Plates
Even in industrial meat production, an industry known for its corruption and poor conditions, JBS stands out for the scope and severity of its violations.
Aug 20, 2025
Earlier this summer, JBS, the world’s largest meatpacking corporation, was approved to list on the New York Stock Exchange. The move was celebrated in business media as a milestone of corporate growth and a testament to the leadership of JBS’ 33-year-old CEO of their US division Wesley Batista Filho. But behind the headlines lies a far more troubling story, one of exploitation, impunity, and environmental devastation that should not be ignored.
Turning a blind eye to abuses at a company as large and powerful as JBS is dangerous, with the harms extending far beyond the meatpacking industry. Consumers, advocates, and investors must stop normalizing this behavior. We have the power and the responsibility to demand better.
JBS has built its empire not through innovation or sustainability, but through exploitation. Price fixing, child labor, wage theft, bribery, tax avoidance, deforestation, animal cruelty—these are not isolated scandals. They are core ingredients of JBS’ business model. And while many corporations would work to correct and address their abuses, JBS has repeatedly treated legal penalties and reputational damage as just another cost of doing business.
Even in industrial meat production, an industry known for its corruption and poor conditions, JBS stands out for the scope and severity of its violations. The company recently agreed to pay over $80 million to settle a beef price-fixing lawsuit. Earlier this year, the company was cited for illegally employing migrant children, some as young as 13, on overnight cleaning shifts in its slaughterhouses. Meanwhile, workers across its global operations report being injured, silenced, or discarded when they speak up.
We must stop sending the message that corporations can endanger workers, break the law, and destroy the environment without consequence, as long as they remain profitable.
A recent federal lawsuit filed by Salima Jandali, a former safety trainer at JBS’ Greeley, Colorado plant, alleges that she faced racial and religious harassment, was retaliated against for raising safety concerns, and was pressured to falsify injury reports. Her allegations closely mirror a separate class action lawsuit filed by Black workers at another JBS facility in Pennsylvania who describe enduring racist slurs, being passed over for promotions, and working in unsafe conditions.
Beyond the factory floor, JBS has long been linked to illegal deforestation and environmental destruction in the Amazon, both directly through its supply chains and indirectly through pressure on local ecosystems. The company’s climate footprint is staggering, with greenhouse gas emissions that rival those of entire countries. And yet, instead of reckoning with this impact, JBS continues to expand production and avoid accountability.
In Brazil, where the company is headquartered, the recent passage of most of the so-called “devastation bill” further weakens environmental safeguards and accelerates the damage. Now that President Luiz Inacio Lula da Silva approved the bill, even with some environmental restrictions, it continues to grant free rein to agribusiness giants like JBS that profit from the destruction of forests and the displacement of Indigenous communities.
This is not a case of a few bad actors or isolated scandals. JBS has thrived because of weak enforcement, political influence, and a financial system that rewards short-term gains over long-term responsibility.
Just months before its New York Stock Exchange (NYSE) debut, JBS subsidiary Pilgrim’s Pride made a $5 million donation to the Trump-Vance Inaugural Committee. This is the context in which JBS was allowed to access US capital markets. Even though top proxy advisory firms, including Glass Lewis and Institutional Shareholder Services, urged shareholders to vote against the listing, citing serious governance concerns and lack of transparency, their warnings were ignored, and just this June, JBS began trading on the NYSE.
JBS now generates over $39 billion a year from its US operations alone, profits that are often routed through tax havens in Luxembourg, Malta, and the Netherlands. And when caught breaking the law, JBS often faces only minor consequences that rarely match the scale of the harm.
We must stop sending the message that corporations can endanger workers, break the law, and destroy the environment without consequence, as long as they remain profitable. There is another path forward. Consumers, advocates, and investors need to reject this status quo and demand change.
That starts with consumers actively choosing not to buy JBS products. Investors can divest from JBS and urge their asset managers to do the same. Universities, pension funds, and retirement plans can reexamine whether their portfolios are supporting a company with this kind of track record. At the same time, policymakers must push for stronger corporate accountability, not just in meatpacking, but across industries that harm people and the planet.
JBS should not be rewarded with more money, more access, and more influence. Instead, we must make JBS the example and let it serve as a warning about the costs of putting profit above all else. The future of our food system, our environment, and our communities depends on drawing the line and holding it.
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Development Banks’ Factory Farm Investments Harm the Climate and Local Communities
Despite clear evidence of the harms of industrial livestock, new research showed that in 2024, 11 leading international finance institutions invested $1.23 billion in factory farming and wider industrial animal agriculture supply chains.
Jul 06, 2025
The World Bank’s mission is to “create a world free of poverty on a livable planet.” However, the institution, along with its peer development partners, pumps billions of dollars into factory farming, appearing to turn a blind eye to the significant harm it causes.
We cannot meet the 1.5°C Paris agreement goal without reducing emissions from livestock. Animal agriculture is a leading cause of climate breakdown; already responsible for around 16% of global greenhouse gas emissions and set to rise.
Factory farming is also tearing apart our thriving ecosystems. In Latin America, high demand for industrial grazing pasture and land for growing animal feed has fueled devastating deforestation: 84% of all Latin America’s forest loss in the last 50 years can be attributed to land claimed for livestock farming. Factory farming also pollutes soils and freshwater sources that wild animals and rural communities rely on.
Development banks tasked with tackling poverty and climate change owe it to current and future generations to use their investments to help spur the transition toward more sustainable diets and forms of food production.
Yet despite clear evidence of the harms of industrial livestock, new research I conducted for the Stop Financing Factory Farming Coalition (S3F), based on data from the Early Warning System, showed that in 2024, 11 leading international finance institutions (IFI) invested $1.23 billion in factory farming and wider industrial animal agriculture supply chains. This is five times more than what they spend on more sustainable non-industrial animal agriculture projects. The World Bank and its private sector arm, the International Finance Corporation (IFC), were together responsible for over half the funding for industrial animal agriculture.
One of the investments IFC made last year was a $40 million loan to build a soybean crushing plant in Bangladesh, used to mass-produce animal feed. The soybeans will require an estimated 354,000 hectares of land annually to be grown, and will be sourced from Brazil and Argentina where soy production is associated with destruction of sensitive ecosystems. Communities living near the plant have documented the existing and potential impacts such as the contamination of coastal waters and freshwater sources, which would consequently lead to a reduction in the local fish stocks that local communities rely on to guarantee their livelihoods, and brought their concerns in front of representatives of the U.S. government.
Over the last 20 years, IFC has also made a number of investments in Pronaca, the largest food producer in Ecuador, to expand its factory farm operations. The company has built pig and poultry farms in Santo Domingo de los Tsáchilas, a region home to natural forest and Indigenous Peoples. Local Indigenous communities documented how the farms have polluted water resources that are traditionally used to sustain their livelihoods, forcing community members to migrate to preserve their traditional cultures.
Other IFIs have also made harmful investments. The European Bank for Reconstruction and Development (EBRD) boldly claims all its investments have been Paris-aligned since January 2023; however, recent spending to expand multinational fast food chains in Eastern Europe seem to show a different scenario. During the first half of 2025, the EBRD has provided $10 million for the expansion of KFC and Taco Bell restaurants in the Western Balkans, and proposed an equity investment of $46 million for the expansion of Burger King and Louisiana Popeyes in Poland, Romania, and Czech Republic.
The latter investment would have led to the opening of 600 restaurants in the region, with large adverse impacts in terms of public health and emissions of greenhouse gases. Restaurant Brands International, which owns Burger King and Popeyes, reported approximately 29 million metric tons of carbon dioxide-equivalent emissions along its value chain in 2024, more than the entire emissions of Northern Ireland. Thankfully, following civil society pressure, the investment was not approved by the EBRD’s Board of Directors.
While the overall picture is bleak, there is real room for hope. Between 2023 and 2024, IFI investments in factory farming nearly halved, and investments in more sustainable approaches tripled, from $77 million to US$244 million. Examples of promising investments include the Multilateral Investment Guarantee Agency and the Inter-American Development Bank providing support to smallholder farmers using climate-friendly techniques.
This is clearly good news; however, it remains too early to tell if these figures are a one-off blip, or part of a longer-term trend. My hope is that the next round of investment data will show that harmful investments have dropped further—if not stopped completely—and more sustainable ones additionally increased.
Development banks tasked with tackling poverty and climate change owe it to current and future generations to use their investments to help spur the transition toward more sustainable diets and forms of food production, rather than replicating and expanding the broken systems that are wrecking our planet. By only investing in animal agriculture projects that are sustainable—following agroecological principles such as promoting species diversity and using nature’s resources efficiently—banks can help move us closer toward “a world free of poverty on a livable planet.”
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US Pension Fund TIAA Linked to Brutal Land Grabs and Evictions of Farmers in Brazil
The 10 largest transnational landowners in the world control an area larger than Japan, according to a new report. This accumulation fuels human rights abuse, inequalities, and environmental destruction, and underlines the need for redistributive policies.
Jun 03, 2025
Angelim is a small rural community in Piauí, northeastern Brazil, where small-scale farmers and artisans have lived for generations. Their way of life dramatically changed a few years ago when a company arrived, claiming it had purchased the land. Residents report being threatened by armed men. They have faced forest clearances and the destruction of native vegetation that is essential for their livelihoods and way of life. New monoculture plantations began to dry up the wetlands. The plantations also used pesticides, polluting the ecosystem and threatening residents’ health and livelihoods.
Angelim is located in the municipality of Santa Filomena and is just one of many communities affected by land acquisitions by Radar Propriedades Agrícolas, a company formed in 2008 as a joint venture between U.S. pension fund TIAA and Brazilian agribusiness giant Cosan. In recent years, Radar has acquired more than 3,000 hectares in Santa Filomena, adding to the land it already owns throughout the Matopiba region, which includes the Brazilian states of Maranhão, Tocantins, Piauí, and Bahia—the latest frontier of industrial agriculture in Brazil.
Elite Group
This region sits in the Cerrado, one of the world’s most biodiverse areas, home to 12,000 plant species (35% endemic) and 25 million people, including Indigenous Peoples and small-scale food providers. But 40-55% of the Cerrado has already been converted to commercial tree plantations, large agro-industrial monocultures, and pastures for cattle production. Land grabs, speculation, and deforestation are displacing communities and damaging the environment. One of the major players in this expansion is TIAA and its asset management company, Nuveen.
Tackling land inequality is crucial for a more just and sustainable future.
As revealed in our new report, TIAA is one of the world’s largest landowners and has almost quadrupled its landholdings since 2012. Managing 1.2 million hectares across 10 countries, it ranks 7th among the world’s top 10 transnational landowners, who together control 404,457 square kilometers—an area the size of Japan.
Others in this elite group include financial investors like Blue Carbon from the UAE, Australia-based Macquarie, and Canada’s Manulife; agribusiness giants Olam and Wilmar from Singapore; Chilean timber company Arauco; and U.K.-based Shell via Raízen, a Brazilian subsidiary.
Global Land Grabbing and Concentration Trends
This accumulation of land in the hands of a few transnational companies is part of a global trend of land grabbing that surged after the 2008 financial crisis. Since 2000, transnational investors have acquired an estimated 65 million hectares of land—twice the size of Germany. This has accelerated a dynamic of land concentration, which has resulted in 1% of farms controlling 70% of global farmland, a trend that jeopardizes the livelihoods of 2.5 billion smallholder farmers and 1.4 billion of the world’s poorest, most of whom depend on agriculture.
As the case of the Angelim community shows, land grabbing and land concentration have devastating consequences for communities and ecosystems. Like U.S.-based TIAA, virtually all the top global landowners have reportedly been implicated in forced displacements, environmental destruction, and violence against local people.
Land concentration exacerbates inequality, erodes social cohesion, and fuels conflict. But there are deeper consequences as well: The fact that vast tracts of land, located across different state jurisdictions, are brought under the control of distant corporate entities for the sake of global supply chains or global financial capital flows runs diametrically counter to the principles of state sovereignty and people’s self-determination. In particular, it undermines states’ ability to ensure that land tenure serves the public good and enables the transition to more sustainable economic models.
“Net Zero” Fueling Evictions
The question of who should own and manage land becomes even more pressing in light of climate change and biodiversity loss. Transnational landowners are associated with industrial monoculture plantations, deforestation, and other extractive practices. In contrast, up to 80% of intact forests are found on lands managed by Indigenous Peoples and other rural communities. Moreover, small-scale food providers practicing agroecology support higher biodiversity, better water management, and produce over half the world’s food using just 35% of global cropland.
Ironically, the environmental value of community-managed land has sparked a new wave of land grabs. So-called “green grabs” (land grabs for alleged environmental purposes) now account for about 20% of large-scale land deals. Since 2016, more than 5.2 million hectares in Africa have been acquired for carbon offset projects. The global carbon market is expected to quadruple in the next seven years, and over half of the top 10 global landowners now claim participation in carbon and biodiversity markets. “Net zero” has become a pretext for expelling communities from their lands.
From Deregulation to Redistribution
While global land policy debates in the past 10 years have focused on limiting the harm of land grabs on people and nature, the scale and severity of these trends demand a shift from regulation to redistribution. Neoliberal deregulation, as well as trade and other economic policies, have fueled the massive transfer of land and wealth to the corporate sector and the ultra-rich. Redistributive policies are needed to reverse this trend.
Tackling land inequality is crucial for a more just and sustainable future. However, only very few countries implement land policies and agrarian reform programs that actively attempt to redistribute and return land to dispossessed peoples and communities.
The international human rights framework requires states to structure their land tenure systems in ways that ensure broad and equitable distribution of natural resources and their sustainable use. The tools at the disposal of governments include redistribution, restitution, and the protection of collective and customary tenure systems, as well as measures such as ceilings on land ownership (including by corporate entities), protection and facilitation of use rights over publicly owned land, and participatory and inclusive land-use planning. These efforts must also be matched by redistributive fiscal policies, such as progressive land and property taxes, which remain regressive or ineffective in most countries today, thus perpetuating inequality and enabling wealth concentration.
International Cooperation
Because land grabbing is driven by global capital and the accumulation of land across jurisdictions by transnational corporations and financial entities, international cooperation is essential. The upcoming International Conference on Agrarian Reform and Rural Development (ICARRD) in Colombia in February 2026 offers a critical moment for governments to agree on measures that end land grabbing, reverse land concentration, and ensure broad and sustainable distribution of natural resources.
To be effective, these discussions should connect with initiatives on a global tax convention and an international mechanism to address sovereign debt, empowering states to have the fiscal space to implement human rights-based, redistributive policies and just transitions. Also important are binding legal provisions that prevent transnational corporations from using the power of their money to bend national rules in their pursuit of profits.
In a world facing intersecting crises—climate breakdown, food insecurity, persisting poverty, and social inequality—and a reconfiguration of the global balance of power, there is an opportunity to move away from neoliberal policies that have benefited very few, and to create a more just and sustainable global future for all.
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