10/07/2021 | Press release | Distributed by Public on 10/07/2021 15:23
Notice to the Market
Minerva S.A. ("Minerva" or "Company"), the South American leader in beef exports, hereby informs its shareholders and the market in general that achieves 100% social and environmental compliance in audit by Public Prosecutor's Office ("PPO") for the Amazon estate of Pará - Brazil, the only company among the major players in the sector to achieve this excellent performance. It is worth mentioning that the PPO is the only 3rd party verifiable audit publicly disclose in Brazil that truly reflects the commitment of the meatpackers in combating illegal deforestation in the Amazon region.
In this way, the Company once again reinforces its commitment to the development of sustainable agricultural supply chain as it fully certifies compliance with the Terms of Adjustment of Conduct agreement ("TAC") for cattle raising in the state of Pará, Brazil, confirmed by an audit lead by the Public Prosecutor's Office, the main and most reliable verification body of the Brazilian production chain, in partnership with the NGO Amigos da Terra - Amazônia Brasileira. The report assessed the results of companies committed to the fight against illegal deforestation in cattle production. TAC focuses on legal, environmental and social aspects involved in the cattle raising activity. This requires that protein-producing industries verify that the properties they deal with are in compliance with social and environmental criteria and laws.
, the commitments signed by Minerva Foods contribute to the non-marketing of raw material from areas with illegal deforestation, land grabbing, slave labor, invasion of environmental protection areas, indigenous, and traditional lands (e.g. quilombola people), or without environmental or land regularization. The new achievement confirms not only Minerva Foods' good sustainability practices, but also reiterates its commitment to Sustainable Cattle Ranching.
The Company is the first and only in the sector to use geographic information systems in all regions in Brazil and Paraguay, been pioneering in monitoring suppliers in the Cerrado and in the use of technologies to assess the risks of indirect supplier farms. Currently, more than 14 million hectaresare being geographically monitored in Brazil and Paraguay.
In Brazil, 100% of purchases made by Minerva Foods in the Amazon, Cerrado, Pantanal and Atlantic Forest regions are monitored, through the use of georeferenced maps of direct supplier farms, thus ensuring compliance with strict social and environmental criteria by suppliers.
Report results are available at: www.mpf.mp.br/pa/sala-de-imprensa/documentos/2021/apresentacao_auditorias_cadeia_pecuaria_pa_07-10-2021.pdf
The Company will keep its shareholders and the market in general informed about this and any other relevant matter.
To access the full Notice to the Market, click here.