ESG & Investing
Brazil Repeals Fine Against JBS Over Cattle Purchases in the Amazon
Cattle walk along an illegally deforested area in an extractive reserve near Jaci-Parana, Rondonia state, Brazil, in 2023.
Photographer: Andre Penner/AP PhotoA Brazilian state in the Amazon ignored the advice of its own environmental legal team and revoked a fine against JBS NV, the world’s largest meatpacker, that stemmed from the company’s purchase of cattle raised in one of the rainforest’s most-destroyed reserves.