JBS and Banco Do Brasil have partnered up to aid farmers
Meat processing company JBS has entered into a partnership with Banco do Brasil, a well-known financial company, to financially aid producers in its supply chain.
Brazilian company JBS. SA (JBS), the largest meat processing company in the world, has entered into a partnership with financial company, Banco do Brasil, to facilitate access to rural credit for producers in its supply chain.
With the support of the company’s ‘Green Offices’, JBS said livestock farmers will be able to obtain funds to finance environmental regulation actions, contributing to a more sustainable production chain.
JBS state that the joint action adds value to farming and to Brazil, since it provides the conditions for farmers to make environmental adjustments to their rural property “with peace of mind and convenience”.
Commenting on this partnership, Renato Costa, president of JBS said: “This is yet another effort by JBS in support of a sustainable supply chain. Our key objective is to help livestock farmers to resolve their environmental liabilities according to Brazilian legislation. It is for this that the Green Offices exist. The partnership with Banco do Brasil further bolsters this objective.”
Elected for the second consecutive year as the world’s most sustainable bank by the Global 100 ranking in 2021, Banco do Brasil has issued ’10 Commitments to Sustainability’. Similarly, JBS also have a strong focus on sustainability, with 15 Green Offices at its processing units in several key livestock industry regions to help livestock farmers across Brazil meet socioenvironmental criteria.
The Green Offices have teams of professionals with access to the tools required for diagnosing the problems and the respective paths for solving them, in addition to a network of accredited consulting companies that work with the livestock farmers. The offices also offer free support to livestock farmers experiencing environmental restrictions so they can meet sustainable regulations.