São Paulo, January 30, 2018 – Transparency International, a non-governmental organization, published its “Transparency in Corporate Reporting” study this Tuesday morning (30), with data from Brazil’s 100 largest companies and 10 biggest banks.
JBS S.A. was proud to be informed that it was one of the few companies ranked “good/excellent” in the business governance and compliance program category.
JBS scored 8.1, well above the overall average of Brazil’s biggest companies (5.7).
The company was ranked 9th among Brazil’s 53 largest companies with foreign operations. JBS came top of the food industry ranking.
JBS’s positive performance was driven by recent investments in its Compliance department. The company hired Marcelo Proença in 2017 to take up the position of Global Compliance Director and kicked off a number of initiatives, which include:
– Launching the “Always Do the Right Thing” program, with a number of in-house Compliance campaigns and training courses for all our directors in Brazil (around 130 staff).
– Hiring White & Case LLP to monitor its initiatives and support global implementation.
– Launching its secure and confidential “JBS Ethics Line” whistleblowing channel, which is operated by a a third party and which employees can call to report any wrongdoing.
Through these efforts, JBS plans to implement a Compliance program that will raise the bar for the rest of the market. The Transparency International ranking confirms the company is on the right path.
To see the full ranking, visit: transparenciacorporativa.org.br.
About the TRAC
The TRAC is a global benchmark and one of Transparency International’s most important publications. Its goal is to encourage companies to adopt ever-higher transparency standards to drive disclosure and monitoring by the market and wider society.
JBS is one of the world’s leading food industry companies with approximately 235,000 employees in over 20 countries. The company owns a portfolio of brands that are acknowledged for their excellence and innovation, including Doriana, Friboi, Moy Park, Pilgrim’s Pride, Primo, Seara, Swift, Gold’n Plump and others, serving over 300,000 customers of more than 150 nationalities worldwide. The company’s focus on innovation also reflects its management approach to related businesses in areas such as leather, biodiesel, collagen, personal hygiene and cleaning products, natural wrappings, solid waste management solutions, metal packaging and transportation. JBS has adopted best corporate governance and sustainability practices throughout its value chain and its operational management focuses on guaranteeing high food quality and safety and animal welfare.
Corporate Communications Department
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