Minerva S.A. (“Minerva” or “Company”), the leading beef exporter in South America, informs its shareholders and the market in general that, in line with its sustainability strategy and in pursuit of a low-carbon livestock chain, it has, on this date, entered into a Memorandum of Understanding (“Memorandum”) with Biofílica Ambipar Environmental Investments S.A. (“Biofílica”), a company focused on reducing greenhouse gas emissions based on the management and development of carbon projects.
The recently signed Memorandum of Understanding aims to establish the main terms and conditions for partnership between Minerva Foods and Biofílica to develop carbon projects within the agribusiness chain across South America (except for Brazil and Peru).
Minerva and Biofílica will form a join venture (“JV”) to assess and implement carbon projects within the properties linked to Minerva Foods’ supply chain, with a focus on the adoption of improved handling practices to promote livestock production with more sustainability, and other opportunities, such as the preservation of additional legal reserve areas and the introduction of REDD+ and reforestation initiatives.
As a result of the projects to be developed together with Minerva Foods’ supply chain, carbon credits and/or Verified Emission Reductions (VERs) will be issued. They can be traded in appropriate markets, including the Company’s own customer base.
For more information about Biofílica, go to.
This is another Minerva Foods’ initiative, reinforcing our commitment to sustainability – one of the pillars of our business model. Through the Renove Program and MyCarbon, we adjusted our sustainability strategy to pursue a more productive, efficient, sustainable and low-carbon livestock chain. The Company will keep shareholders and the market in general informed of the developments of this and any other relevant topics.