Jbs

JBS, a prominent entity in the Food products nec industry based in Brazil, has reported significant carbon emissions and set ambitious climate commitments.

Emissions Data:

• In 2023, JBS reported total global emissions of approximately 156.65 billion kg CO2e. This included Scope 1 emissions of around 3.59 billion kg CO2e and Scope 2 emissions of approximately 1.53 billion kg CO2e (market-based). Scope 3 emissions for 2023 were substantial, totalling about 151.53 billion kg CO2e, with purchased goods and services being the largest contributor.
• For 2022, JBS recorded total global emissions of approximately 187.56 billion kg CO2e. Scope 1 emissions were around 3.76 billion kg CO2e, and Scope 2 emissions were approximately 1.45 billion kg CO2e (market-based). Scope 3 emissions for this year reached about 182.34 billion kg CO2e.
• In 2021, the company's total global emissions amounted to approximately 158.41 billion kg CO2e, comprising Scope 1 emissions of about 3.87 billion kg CO2e and Scope 2 emissions of around 1.76 billion kg CO2e (market-based). Scope 3 emissions for 2021 were approximately 152.77 billion kg CO2e.
• For 2020, JBS reported Scope 1 and 2 emissions totalling about 5.29 billion kg CO2e, with Scope 1 at approximately 3.76 billion kg CO2e and Scope 2 at around 1.53 billion kg CO2e (market-based). Scope 3 data was not reported for this year.
• Emissions data for earlier years are also available, with Scope 1 and 2 emissions ranging from approximately 5.78 billion kg CO2e in 2019 to around 8.37 billion kg CO2e in 2016.

Climate Commitments and Reduction Targets:

JBS is committed to significant greenhouse gas (GHG) emissions reductions across its operations. Key targets include:

• Net-Zero Ambition: JBS aims to achieve net-zero greenhouse gas emissions by 2040, extending across its operations and shared value chain. An earlier ambition for net-zero emissions by 2050 was also stated.
• Scope 1 & 2 Reduction: The company has a near-term target to reduce Scope 1 and 2 emissions by 30% by 2030, using a 2019 baseline. This includes targets for both absolute emissions and emission intensity. Notably, Scope 2 intensity reduction targets are reported as already achieved in some documentation.
• Intensity Reductions: JBS has also reported achieving a 20% reduction in GHG emission intensity by 2020. Furthermore, specific operations in South America showed a 9.2% reduction in Scope 1+2 emissions intensity between 2016 and 2020. JBS USA operations had a commitment to reduce greenhouse gas emissions by 20% by 2020.

JBS actively engages with initiatives like the Science Based Targets initiative (SBTi), demonstrating its dedication to aligning its climate strategy with scientific recommendations. The company has also committed to being a BA1.5 member, indicating alignment with the Business Ambition for 1.5°C.