HSBC sounds alarm over investment in meat giant due to deforestation inaction

Cattle ranching in Brazil has been linked to deforestation. Picture: Greenpeace

By Andrew Wasley and Alexandra Heal

Analysts at global banking giant HSBC have sounded the alarm over the potential risks of investing in JBS, the world’s biggest meat company, after a string of investigations raising concerns about Amazon deforestation issues in its beef supply chain.