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April 23, 2025<\/b> \u2013 The U.S. Securities and Exchange Commission (SEC) cleared<\/a> JBS, the world\u2019s largest meatpacker, for listing on the New York Stock Exchange (NYSE) yesterday, and the company announced<\/a> it will hold a shareholder vote on the listing on May 23.<\/p>\n Environmental organizations, animal welfare groups, and investors<\/a> have been fighting<\/a> to keep the Brazilian company from achieving an IPO for about a year and half based on allegations of bribery,<\/a> corruption<\/a>, and environmental destruction<\/a>.<\/p>\n Many of those groups decried the SEC\u2019s approval of the registration. In one statement, Laura Fox, a research scholar in Yale Law School\u2019s Law, Environment, & Animals Program, said that by not resolving allegations that the company made misleading claims about its role in driving climate change and biodiversity loss, the SEC failed in its obligation to protect investors.<\/p>\n \u201cThe SEC should have thoroughly investigated these concerns to prevent investors from being misled and to ensure that corporate greenwashing does not further fuel climate destruction and ecological harm,\u201d Fox said.<\/p>\n A spokesperson for the SEC said the agency cannot comment on \u201ca specific issuer or filing.\u201d<\/p>\n Many groups also called attention to the fact that earlier this week, records revealed<\/a> the largest donor to President Trump\u2019s inauguration was Pilgrim\u2019s Pride, a chicken company JBS has owned since 2009.<\/p>\n<\/div>\n