ESG-Focused Investors Ask SEC to Block JBS’s Listing in US (1)

A group of ESG-focused investors has asked US regulators to deny JBS SA a pathway to trade shares in New York over allegations that the Brazilian meat company has failed to properly disclose its environmental impact.

The group, which includes Green Century Capital Management Inc., asked US Securities and Exchange Commission Chair Gary Gensler to “decline to declare JBS’s registration effective” unless the company discloses more data including on its indirect greenhouse gas emissions.

JBS’s plan for a listing on the New York Stock Exchange — which the company sees as a key step to unlock capital for acquisitions ...