Hormel Foods

Hormel Foods is a large-scale branded foods company. It was founded in 1891 and began as 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 included 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.

Baseline assessment

Environment

Started the journey

Nutrition

Started the journey

Social inclusion

Started the journey

Summary

Hormel Foods publicly discloses commitments across all three dimensions but has significant room for improvement.. The company has set a number of time-bound targets in the environment dimension, including reducing its scope 1 and 2 GHG emissions, freshwater and plastic use and maintaining its animal welfare standards. It reports annually on progress towards all. Hormel Food’s Supplier Responsibility Principles outline its commitment to eliminate deforestation and improve working relationships with palm oil and beef suppliers. However, it does not disclose commitments to enhance agrobiodiversity or minimise fertiliser and pesticide use. In terms of nutrition, the company has time-bound targets for reducing sodium levels by an average of 15% by 2020 across its entire portfolio. It also discloses a strategic commitment to increase accessibility and affordability of healthy foods. While the company offers a diverse range of proteins, it does not have a commitment or target for further diversification. It does, however, outline clear policies covering its commitments to responsible marketing, food safety and product labelling. In the social inclusion dimension, Hormel Foods is committed to preventing and eliminating child and forced labour in its own operations and supply chain and discloses metrics on employee health and safety. The company does not commit to paying a living wage or improving (smallholder) farmer productivity or market access. Its commitment to protecting land rights is only applicable to its supply chain.

Food and Agriculture Benchmark

The Food and Agriculture Benchmark will assess 350 keystone companies on the issues underpinning the food system transformation agenda. The benchmark’s aim is to stimulate companies to apply sustainable business practices throughout their operations as well as use their influence to encourage value chain partners to do the same. WBA has organised the food and agriculture value chain into six sub-sectors. These sub-sectors are also reflected in the methodology framework.

Food and agriculture revenue
USD 9,497,317,000
Food and agriculture revenue USD
USD 9,497,317,000
Onwnership structure
Publicly listed
Number of employees
18,800

Value chain sub-sectors

Other benchmarks

The company is also included in the following benchmarks developed by WBA and our Allies. These benchmarks help to deepen our understanding on key issues and industries.