JBS is the Brazilian company that pays the highest salaries and distributes the most wealth to suppliers
JBS is the Brazilian company with shares traded on stock exchanges that distributes the most wealth in the form of contracts with suppliers and the one that pays the most salaries and benefits to employees, according to the study "The Relevance of Publicly Traded Companies in the Brazilian Economy - Creating Prosperity for Brazil", carried out by the Getúlio Vargas Foundation (FGV) for the Brazilian Association of Publicly Traded Companies (Abrasca). The survey ranked publicly traded companies in several areas.
In the suppliers pillar, JBS came in first, with R$ 327 billion directed to its value chain. According to the analysis, the amount reflects the integrated nature of its operation, which involves thousands of producers of grains, animals and other raw materials, as well as packaging, logistics, equipment and industrial services.
In terms of personnel (generating value at work), JBS also achieved leadership, with more than R$ 53 billion allocated to employees in 2024. The survey further detailed that the Company's performance demonstrates its intense demand for labor, especially in industrial, logistics, and administrative activities. In the ranking that consolidates the wealth distributed to society as a whole (suppliers, personnel, and taxes), JBS came in second place.
For Gilberto Tomazoni, Global CEO of JBS, the study's results reinforce the Company's role as an engine of development in the communities where it operates. "Our work contributes to boosting local economies and expanding opportunities in more than 130 municipalities where we are present," stated the executive. As a global food leader, JBS has a broad value chain that connects rural production to millions of consumers in Brazil and abroad. "This work generates income, strengthens suppliers, and confirms the relevance of the food sector as a driver of growth for the country ," said Tomazoni.
According to the Global CEO, the Abrasca study reflects JBS's mission to feed the world with the supply of high-quality, sustainable products. "We aim to be the best at what we do, guaranteeing excellence for our customers, solidity for our suppliers, profitability for our shareholders, and opportunities for our employees ," he concluded.
Methodology and results
To measure which companies contribute most to the prosperity of Brazilian society, FGV's analysis used a methodology focused on the DVA (Declaration of Added Value), which considers wealth, jobs, and taxes. To ensure fair comparisons between companies, FGV created a unique taxonomy with 14 sectors.
The study included a total of 270 publicly traded companies, after applying technical and economic filters to an initial universe of 372 listed companies. The survey resulted in "Top 15" rankings, published by pillar and sector.
In 2024, the companies analyzed accounted for R$ 2.1 trillion in gross value added (GVA), which corresponds to the total wealth created by the production of goods and services minus the inputs used. This amount was equivalent to 17.1% of Brazil's GDP. In total, this group accounted for R$ 4.1 trillion in wealth distributed to society. Specifically, R$ 3 trillion was generated for suppliers.
Furthermore, last year, the companies analyzed directly employed 2.8 million people and paid R$ 475.3 billion in salaries, benefits, and social security contributions. From a fiscal perspective, the group transferred R$ 639.6 billion in taxes, which finance public services. This amount represented 23% of all corporate tax revenue in the country in 2024.
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