April 28, 2011

JBS signs an agreement with the Brazilian State of Acre

Press Release

JBS S.A. communicates to its shareholders and the market in general that it signed an agreement with the Public Authorities of the Brazilian State of Acre, as well as with other Government Authorities from various Brazilian States. 

JBS anticipated this event in the Notice to the Market of April 19, 2011.  The agreement puts an end to the civil action against JBS and eliminates any possibility of a fine. 
 

For JBS, this agreement (valid throughout Brazil) embodies its ongoing and sustainable practices in the Amazon Region and reaffirms its commitment to transparency and social and environmental development.  This agreement is aligned with JBS's principles and with its shareholders, including the BNDES (Brazilian Social and Development Bank) with whom the Company already has an ongoing agreement to implement innovative environmental practices throughout the meat supply chain, resulting in a more sustainable sector.
 

This agreement with these Government Authorities reinforces the work being done by JBS with cattle ranchers. The company has enhanced the partnership with Embrapa (the renowned Brazilian Agriculture Research Institute) to promote Good Agricultural Practices (BPA) with cattle ranchers in all regions.

The Public Authorities praised JBS's initiative and hopes other companies will follow this progressiveness.