Pilgrim's Pride Corporation has announced a $1 billion offering covering a sustainability-linked bond to reduce greenhouse gas emission across global operations. The company announced a commitment to achieve net zero greenhouse gas emissions by 2040 conforming to the long-standing commitment to responsible environmental stewardship. It is intended to reduce emissions 30 percent by 2030 using 2019 as a base.
Fabio Sandri, Global Chief Executive Officer noted, "the announcement firmly ties our financial strategy to our long-term commitment to address climate change, the defining issue of our time." He added, "we are confident that our unique global production platform coupled with our diverse portfolio of sustainably-produced foods in our commitment to the fight against climate change will lead to increased shareholder value."
