BAYRY - Brazilian food giants ask for a regulated carbon market

Food giants Cargill Agricola, JBS (JBS), and Marfrig (OTCPK:MRRTY +1.2%), have joined over 100 other companies from various industries in asking for the creation of a regulated carbon market in Brazil. Brazil's Congress will vote on the bill that will appear before the United Nations Climate Change Conference in November and would provide a framework to meet the country's goal of net zero carbon emissions. The green manifesto was spearheaded by the Brazilian Business Council for Sustainable Development which boasts members including Ambev (ABEV -0.5%), Bayer (OTCPK:BAYRY +1.5%), Shell (RDS.A +4.4%), KPMG, and WeWork. The Business Council measures member activities using economic, social, and environmental guidelines. Many companies, including PepsiCo, have been feeling more responsibility lately to provide products in a sustainable way.

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Brazilian food giants ask for a regulated carbon market