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Hormel Foods

Hormel Foods is a large-scale branded foods company. It was founded in 1891 and began as a processor of meat and food products. Although pork and turkey remain the major raw materials for its products, Hormel Foods now also manufactures and distributes other consumer items alongside the commodity fresh meat business, including ready meals, snacks and beverages. Some of the well-known brands in its portfolio are Skippy, SPAM and Hormel. Internationally, the company markets its products through Hormel Foods International Corporation (HFIC), a wholly owned subsidiary. HFIC has a global presence in the international marketplace through joint ventures in locations including Australia, Brazil, Canada, China, Japan and the Philippines.

Ranking position
#62/350
Total score
34.3/100
Measurement area Score Rank (0-350)

Governance and strategy

#1 7.5 / 10 #15

Environment

#1 10.2 / 30 #83

Nutrition

#1 8.8 / 30 #47

Social inclusion

#1 7.8 / 30 #107
Segment Rank
Food and beverage manufacturers/processors #48

Segment ranking summary

Hormel Foods sits in the food and beverage processing segment of the value chain, ranking 48th among its peers. While the company performs comparatively strongly in the governance and strategy measurement area, thanks to its broad scope of sustainability topics, it has an opportunity to improve both its performance and disclosure on many of these topics in order to bridge the gap with leading companies, particularly when it comes to social inclusion and the environment. Nonetheless, the company leads many of its peers in nutrition.

Leading practices

Risks and opportunities

Core social indicators

The core social indicators are part of the social inclusion measurement area. These indicators assess societal expectations of business conduct that companies should meet if they aspire to be part of a system transformation that leaves no one behind.

More about the company

Headquarters
Austin, Minnesota, United States of America
Food and agriculture revenue USD
9,608,462,000
Group revenue USD
9,608,462,000
Onwnership structure
Publicly listed
Number of employees
18,800
Website
https://www.hormelfoods.com

This company is part of the SDG2000, the 2.000 most influential companies

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