HSBC sounds the alarm over investment in meat giant due to inaction from deforestation | Environment

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Analysts at global banking giant HSBC have sounded the alarm over the potential risks of investing in JBS, the world’s largest meat company, after a series of investigations raising concerns over Amazon’s deforestation problems in its beef supply chain.The meat giant “has no vision, plan of action, timeline, technology or solution” to verify whether the livestock it purchases comes from farms involved in the destruction of the rainforest, according to analysis of the bank, which has substantial investments in the ailing meat packaging business.

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