JBS drops net-zero emissions target

JBS N.V., the world's largest meatpacker, has stepped back from its 2040 net-zero emissions goal, dropping targets for Scope 3 greenhouse gas emissions, which constitute the bulk of its environmental footprint. The company replaced its 2021 commitment with a focus on reducing Scope 1 and 2 emissions intensity by 30% by 2030 and 70% by 2050. JBS will continue reporting Scope 3 emissions but will no longer set reduction targets for them, citing measurement challenges. The move follows a $1.1 million settlement with the New Mexico — New Mexico Attorney General over misleading carbon reduction claims. Environmental groups like the Rainforest Action Network criticized the decision, stating JBS never had a credible plan. JBS also abandoned its $100 million investment target for Scope 3 R&D, redirecting funds to direct programs. The company's stock fell about 3% on the news.