Nordea sheds €40 million of JBS shares, citing poor environmental and health and safety record – #interesting

Nordea sheds €40 million of JBS shares, citing poor environmental and health and safety record

29 July 2020

Nordea Asset Management has dropped shares of JBS SA worth about €40 million for all of its funds in July based on the company’s environmental record and response to the COVID-19 pandemic.

According to ReutersNordea sent out a statement on 28 July explaining the move.

Nordea said the decision to drop JBS from its portfolio was taken after a period of engagement with the company, which is the world’s largest meat producer, that in the end did not produce a satisfactory outcome.

http://www.thecattlesite.com/news/55667/nordea-sheds-40-million-of-jbs-shares-citing-poor-environmental-and-health-and-safety-record/