Report provides the main highlights, investments and achievements of the year;
Sustainability results demonstrate the Company´s commitment to innovation and best practice.
São Paulo, May 29, 2020 – Today, JBS releases its 2019 Annual and Sustainability Report, benchmarking the Company’s economic, social and environmental performance in 2019. The report presents the Company’s practices for management, corporate governance, compliance and the structure of its businesses.
The report demonstrates JBS’ commitment to operational excellence, innovation, food safety and sustainability best practice throughout its entire value chain. During 2019, the Company made investments of R$1.9 billion in sustainability, more than R$120 million in innovation and R$931 million in food quality and safety.
This year, JBS aligned the report to its different business unit activities. Thus, the report was divided into the following chapters:
Achievements that reflect a great year
Throughout 2019, JBS made solid investments that resulted in important advancements and achievements. Among the sustainability pillars globally, R$699 million was invested in health and safety, an increase of 133% in relation to 2018, in addition to R$475 million in animal welfare, another R$32 million was dedicated to social responsibility actions and R$699 million in environmental management.
Additionally in 2019, JBS registered more than 1 million tons of reused waste and a 3.9% reduction in water consumption per ton of product.
Another highlight of the period was JBS’ CDP result – the largest and most respected global platform for corporate sustainability information – which placed JBS as one of the best companies in its sector by the platform’s criteria, including factors related to climate change, water security, forest: livestock, soy and timber products.
Last year was also positively marked by several compliance achievements. The Global Conflicts of Interest Policy was approved and successfully implemented globally. In addition, 94% of JBS’ Brazilian administrative staff were trained in anti-corruption practices.
More than 9 thousand supplier due diligence evaluations, using a tool developed by JBS, in partnership with an international consultancy firm, were achieved allowing a complete reputational analysis of each supplier.
The 2019 Annual and Sustainability Report also includes an overview of the company’s strategic and operational and financial performance.
In 2019, JBS had another year of solid results and financial strength, reflecting the management focus on operational excellence, innovation and sustainability. For the year, the Company’s net revenue totalled R$204.5 billion, with an Adjusted EBITDA of R$19.9 billion, 33.9% higher than 2018. The Company also achieved a strong free cash flow generation, reaching R$9.5 billion for the period, and reducing dollar leverage by 2.13 times.
The report was prepared in accordance with the Global Reporting Initiative (GRI) Standards and includes Financial Statements, audited by Grant Thornton Auditores Independentes, and prepared under the International Financial Reporting Standards (IFRS) following the International Accounting Standards Board (IASB) accounting rules.
Click here to access the report.
JBS is one of the world’s leading food industry companies and has a global production platform diversified by geography and protein type. The Company has more than 240 thousand employees in production units or offices on all continents, in countries such as Brazil, United States, Canada, United Kingdom, Australia, China, among others – in Brazil there are circa 130 thousand employees, with the company being one of the largest private employers in the country.
Worldwide, JBS offers a broad portfolio of brands recognized for excellence and innovation: Friboi, Moy Park, Pilgrim’s Pride, Primo, Seara, Swift, Gold’n Plump, among others. There are more than 275 thousand customers served worldwide across 190 nationalities. 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.
The Company conducts its operations with a focus on high food quality and safety and adopts the best sustainability practices throughout its value chain.
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