SAO PAULO, June 30 (Reuters) - Brazilian meat processor BRF
SA on Wednesday pledged to slash its net carbon
emissions to zero by 2040, seeking to elevate environmental
standards in a bid to attract investments and better manage
By announcing the new goal, BRF joins rivals like JBS SA
, Marfrig and Minerva with
similar sustainability goals.
The move is part of a plan to triple the size of the company
by 2030, an effort that will require investments of 50 billion
reais ($10.04 billion), executives said.
"The climate agenda is fundamental in the management of
risk," said Chief Financial Officer Carlos Moura. That agenda is
driving regulatory changes, he said.
"We know it is not going to be an easy trajectory," said
Chief Executive Lorival Luz. "A goal of this magnitude demands
participation of the entire supply chain."
Grazielle Parenti, the company's VP for corporate affairs
and sustainability, said in an interview that BRF lagged
Brazilian peers in announcing net zero targets because it was
waiting to nail down clear commitments to the goal.
During a presentation, Parenti reiterated the company's goal
to track 100% of grains purchased from the Amazon and Cerrado
regions by 2025, a strategy aimed at avoiding suppliers linked
BRF, which processes pork and chicken and sells in 117
countries, said also it would launch a line of products that
will be totally carbon free this year, but declined to go into
The company also pledged to cut emissions by sourcing about
50% of its energy from renewable sources like wind and solar by
2030, up from about 3% currently.
($1 = 4.9816 reais)
(Reporting by Ana Mano; Editing by Richard Chang and Aurora