Company shares commitment to sustainability and impact of
worldwide ESG efforts
AUSTIN,
Minn., Sept. 21, 2023 /PRNewswire/ -- Hormel
Foods Corporation (NYSE: HRL), a Fortune 500 global branded food
company, today announced the launch of its 17th annual Global
Impact Report. The report, available online at
HormelFoods.com/Global-Impact, contains information about the
company's progress toward its corporate responsibility and
environmental, social and governance (ESG) goals in fiscal 2022.
![Hormel Foods Corporation, a Fortune 500 global branded food company, today announced the launch of its 17th annual Global Impact Report. The report contains information about the company’s progress toward its corporate responsibility and environmental, social and governance (ESG) goals in fiscal 2022. Hormel Foods Corporation, a Fortune 500 global branded food company, today announced the launch of its 17th annual Global Impact Report. The report contains information about the company’s progress toward its corporate responsibility and environmental, social and governance (ESG) goals in fiscal 2022.](https://mma.prnewswire.com/media/2216883/Hormel_Foods_Global_Impact.jpg)
"As a global branded food company, we understand our
responsibility and our ability to make a positive impact," said
Jim Snee, chairman of the board,
president and chief executive offer of Hormel Foods. "Our global
impact report is a snapshot of Hormel Foods' unwavering commitment
to transparency and accountability as a corporate citizen. This
report reflects our dedication to sustainability, ethical business
practices, and our ongoing mission to nourish the world while
caring for our planet. We are proud to share Our Food Journey
toward a more sustainable and responsible food system with our
stakeholders." Highlights of the company's 2022 progress
include:
- Continued progress on the company's corporate responsibility
and ESG goals, officially named the 20 By 30 Challenge, which
consists of 20 qualitative and quantitative goals and commitments
to be achieved by the end of 2030. The goals were based on a
key-topics assessment that helped the company identify and
prioritize the issues most relevant to the business and its
stakeholders. The 20 By 30 Challenge is aligned with the UN
Sustainable Development Goals, committing to the advancement of our
antibiotic stewardship efforts and piloting an antibiotic-use
measurement and reporting system.
- Matching 100% of domestic energy use in fiscal 2022 with
renewable sourcing.
- Being on track to have an approved science-based target in 2023
for the reduction of greenhouse gas (GHG) emissions.
- Investing in sustainable agricultural practices through a
50,000-acre pilot project in Minnesota that is designed to generate
positive outcomes in environmental-impact measurement, water
stewardship, carbon removals and agricultural resilience.
- Continued success with our groundbreaking two-year
college-degree program, Inspired Pathways.
- Contributing more than $11.3
million in cash and products, including $9.1 million in hunger-relief donations.
- Making significant progress on creating a food-secure community
program in Austin, Minn., with the additional goal of sharing
the blueprint and findings with other communities.
Hormel Foods continues to be recognized as a leading corporate
citizen and has been named one of America's Most Trustworthy
Companies and one of America's Most Responsible Companies by
Newsweek magazine. It's also been named one of the World's Most
Admired Companies by Fortune magazine, has appeared on the 100 Best
Corporate Citizens list from 3BL Media 13 times, has been listed in
Investor's Business Daily Annual Report of the 100 Best ESG
Companies and has been named to Barron's 100 Most Sustainable
Companies. In addition, 3BL Media named Snee its 2022 Responsible
CEO of the Year for his transformative leadership.
The 2022 Hormel Foods Global Impact Report follows Global
Reporting Initiative (GRI) Standards and follows the reporting
guidance and principles of Sustainability Accounting Standards
Board (SASB) Processed Foods and Meat, Poultry & Dairy
Standards. Projects and initiatives featured in the report include
information about the Hormel Foods efforts that support the select
UN Sustainable Development Goals. Content within this report has
been reviewed and approved by the company's ESG Council, internal
experts and vice presidents who oversee relevant ESG topics across
the business.
About Hormel Foods — Inspired People. Inspired
Food.™
Hormel Foods Corporation (NYSE: HRL),
based in Austin, Minn., is a
global branded food company with over $12
billion in annual revenue across more than 80 countries
worldwide. Its brands include Planters®,
Skippy®, SPAM®, Hormel® Natural
Choice®, Applegate®, Justin's®,
Wholly®, Hormel® Black Label®,
Columbus®, Jennie-O® and more than
30 other beloved brands. The company is a member of the S&P 500
Index and the S&P 500 Dividend Aristocrats, was named on the
"Global 2000 World's Best Employers" list by Forbes magazine for three years, is one of
Fortune magazine's most admired companies, has appeared on the "100
Best Corporate Citizens" list by 3BL Media 13 times, and has
received numerous other awards and accolades for its corporate
responsibility and community service efforts. The company lives by
its purpose statement — Inspired People. Inspired
Food.™ — to bring some of the world's most trusted
and iconic brands to tables across the globe. For more information,
visit hormelfoods.com.
Contact:
|
Media
Relations
|
|
Hormel Foods
|
|
media@hormel.com
|
View original content to download
multimedia:https://www.prnewswire.com/news-releases/hormel-foods-releases-17th-annual-global-impact-report-301934539.html
SOURCE Hormel Foods Corporation