SEC Whistleblower Complaint Alleges JBS “Green Bonds” Misled Consumers

Mighty Earth, an environmental advocacy group, filed a whistleblower complaint with the U.S. Securities and Exchange Commission (SEC) calling for an investigation into alleged misleading and fraudulent “green bonds” issued by JBS, the world’s largest meat processing company. Mighty Earth’s complaint alleges that JBS based the bond offerings on its commitment to achieve net zero emissions by 2040, but that its emissions actually have increased in recent years.