Marfrig celebrates BRF’s historical results and ESG recognitions
The historic positive performance is the result of Marfrig's management, which began in May 2022, when he took over the Board of Directors of BRF and which focuses on improving operational efficiency, reducing leverage and valuing the company's iconic brands, such as Sadia , Perdigão and Qualy.
Marfrig's decision to invest in BRF is part of a long-term value generation strategy, which offers the global market a multi-protein portfolio, with recognized brands and quality.
The execution of this strategy began in 2018, when Marfrig announced the acquisition of control of National Beef, one of the largest beef companies in the United States. The following year, Marfrig purchased Quickfood, in Argentina, owner of leading brands such as Paty and Vieníssima!. In Brazil, it acquired the industrial complex in Várzea Grande, Mato Grosso. In 2020, Campo del Tesoro, in Argentina, was acquired, focused on the production of hamburgers. And, in 2022, Marfrig opened one of the most modern hamburger factories in the world in Bataguassu, Mato Grosso do Sul.
Last year, Marfrig concentrated resources on industrial complexes with greater scale, efficiency and competitive cost and reinforced the focus on products with greater added value. At the same time, it made important investments in BRF – in May, Marfrig and Salic, one of the main sovereign wealth funds in the world, made a capital contribution of approximately 3.4 billion reais in BRF.
In 2023, BRF gained around 60 new export licenses. Marfrig, in turn, obtained more than 30 new authorizations.
"Together, Marfrig and BRF are now in 140 countries, with a diversified multi-protein portfolio", says Marcos Molina. "Marfrig and BRF are oriented to operate in an increasingly efficient, profitable and sustainable way, and to promote the creation of value for all our stakeholders".
The performance of companies has been recognized by the market. In the last 12 months, Marfrig shares have accumulated an increase of 48.8% (quote 27/2). BRF shares rose 145.1% in the same period.
Another strong characteristic of Marfrig and BRF is the investment in sustainability as a fundamental pillar of the business and solid governance on the topic – both companies have committees dedicated to the topic, with the participation of Board members and independent members. The sustainability policy focuses on reducing emissions, origin control, preservation of natural resources, animal welfare, circular economy and social responsibility. All of these pillars have clear goals, based on robust and transparent methodologies
As a result, Marfrig and BRF are highlighted in the main global sustainability rankings and indices such as FAIRR, CDP, among others. The most recent achievement took place on the 27th, with the publication of the new global ranking for combating deforestation Forest 500, which showed an increase of five percentage points (from 39% to 44%) by Marfrig. In the last two evaluation cycles, the increase was of 10 % points, demonstrating the company's evolution and its leadership among companies in the sector in Brazil.
Marfrig was also the best evaluated company in the beef protein sector by the FAIRR initiative, a collaborative network made up of more than 360 international investors that aims to raise awareness about the environmental, social and governance (ESG) risks and opportunities brought by intensive livestock farming. On the CDP list -- an international non-profit organization that encourages companies and governments to reduce greenhouse gas emissions, preserve water resources and protect forests -- the company has just received the highest score with an A rating for climate change and A- for the forests and water resources categories, making the company the best rated in the sector globally. This is the result of the strong commitment and effective deliveries over more than three years of the Verde+ Program, which will receive investments of around 100 million reais on fronts such as forest recovery, ecological restoration, regenerative farming and genetic improvement of the herd, among others.
It is also worth highlighting that Marfrig is included, for the fourth consecutive year, in the ISE (Business Sustainability Index) portfolio of B3 (Brazilian Stock Exchange), which reaches its 19th edition in 2024. BRF is also part of the list, since 2006.
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