The world’s ten largest global agricultural trading and processing companies, including JBSissued a joint statement committed by COP27 to develop a regional roadmap to curb global warming above 1.5 °C above pre-industrial levels. In a movement expressed by the US and UK governments, the commitment was also signed by ADM, Amagi, Bunge, Cargill, Golden Agri-Resources, Louis Dreyfus Company, Olam, Wilmer and Vitera. The announcement, to be announced at the World Leaders’ Summit on Forests and Land Use at COP26, signals a commitment to take immediate collective action to engage other stakeholders in their supply chains. The goal is to identify large-scale solutions to eliminate deforestation and make even more rapid progress in reducing greenhouse gas (GHG) emissions.
The joint statement follows a meeting convened in October by the US government’s special climate envoy John Kerry and UK Trade and Energy Secretary Quasi Quarteng, supported by the World Economic Forum-affiliated Tropical Forest Coalition, and the World for Sustainable Development. by the Business Council. . The ongoing collaboration for COP27 will be supported by these actors.
JBS, a global leader in the protein sector and the world’s second largest food company, made its commitment in March this year to become net zero by 2040That is, to zero the net balance of its direct and indirect GHG emissions. To achieve this objective, the Science Based Targeting Plan is being prepared on the basis of the norms established by the Science Based Targeting Initiative (SBT), while several actions are already being put into practice. For example, the company has had a geospatial monitoring system for more than 10 years, which uses satellite images to monitor all of Brazil’s biomes, whether its suppliers are in compliance with its social and environmental norms or No. To ensure equal control for its suppliers to its suppliers, JBS implemented transparent livestock platformtechnology that uses blockchain To provide security and confidentiality in this surveillance. In 2025, JBS will not buy from producers who are not part of this platform.
“JBS is committed to meeting its net zero commitment by 2040. But that is not all. We will work closely with small producers to support them in this new green revolution. There is not a single winner in this race. : Either everyone loses or all humanity wins. By bringing everyone together, we believe the company can be an agent of change,” said Gilberto Tomazoni, CEO of JBS Global.
The most recent report from the Intergovernmental Panel on Climate Change reaffirmed the certainty that global warming is one of the greatest threats humanity has ever faced and that its effects can already be felt around the world today. The commitment of these companies is based on existing initiatives by each of them to define a pathway to meet the 1.5°C targets, working with other actors in their respective supply chains, as well as the government. . The collaboration will focus on how to increase support for small producers, increase the traceability of indirect suppliers, and better control Scope 3 emissions.
John Kerry, the Biden government’s climate special envoy, said that “eliminating deforestation from global agricultural supply chains is critical to achieving net zero by 2050 and limiting warming to 1.5 °C.” Agriculture is a classic example of the power of markets to drive action. We look forward to the difficult but necessary work set by COP27 to help deliver a solid roadmap for reaching the ambitious corporate goal.”
UK Trade and Energy Secretary Quasi Quarteng said: “Agribusiness companies are already playing a vital role in driving innovation to feed more people around the world using less land. Continue to work with governments and farmers to identify practical solutions to defence.With COP26 in Glasgow, some of the world’s largest agri-trading companies work together to reduce their emissions across the entire supply chain It’s great to see doing, it helps make sure we keep the 1.5°C target within reach.”
Borge Brende, President of the World Economic Forum, said: “This joint statement demonstrates the ambition of these companies to leapfrog towards COP27 and increase the contribution of the agricultural sector and land use to a trajectory of 1.5 °C”.