WASHINGTON — Several environmental organizations are asking the US Securities and Exchange Commission (SEC) to look into JBS S.A.’s possible initial public offering on the New York Stock Exchange.

The groups, including Mighty Earth and Rainforest Action Network (RAN), filed complaints opposing the world’s largest meatpacker’s move over alleged concerns about the company’s business practices including cattle supply chains and deforestation.

“To fulfill its role of basic due diligence, we request that the SEC conduct a thorough investigation into the pattern of alarming and unacceptable corporate conduct by JBS before granting it an IPO on the NYSE,” said Merel van der Mark, spokesperson for Rain Forest Action Network.

In its statement, Mighty Earth said it plans to contest the validity of JBS’ IPO prospectus about climate impact.

“This is probably the single most important IPO for the climate in history,” said Glenn Hurowitz, chief executive officer of Mighty Earth.

The SEC declined to comment on the complaints. The meatpacker already has its stock listed on the São Paulo Stock Exchange.

JBS provided a statement to Meat & Poultry (sister publication of Food Business News) on the proposed dual listing, which was first announced in July.

“JBS is confident our dual listing proposal will create opportunities for our company, team members, shared communities and all stakeholders,” said Nikki Richardson, spokesperson for the company. “The proposal accelerates our efforts to enhance corporate governance and transparency through adherence to Securities and Exchange Commission (SEC) standards and the formation of a majority independent board. We recognize the important role of civil society and we are always open to dialogue with thoughtful stakeholders who share our commitment to a more sustainable future. We look forward to enhancing our collaboration with NGOs and other key stakeholders during this next phase in the company’s evolution.”

JBS previously worked on a US IPO for several years with the most recent attempt happening in 2017. However, that proposed listing was delayed following corruption charges for several JBS executives by the Brazilian government.