See total ranking

Hormel Foods

Hormel Foods is a large-scale branded food company. It was founded in 1891 and began as a processor of meat and food products. Hormel Foods has transitioned to three operating segments beginning 2022. Retail, the largest operating segment, focuses on Hormel Foods powerhouse consumer brands such as SPAM, Skippy, Hormle, and the newly acquired Planters and Corn Nuts. The food service operating segment serves leading food service establishment like restaurants, hotels, and convenience stores. The international segment focuses on its growing presence outside the United States. 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.

Summary

Hormel Foods performs below average overall and ranks 33rd in the food and agriculture sector with a score of 17.1 out of 100. While it performs well in the violence and harassment measurement area, it has an opportunity to improve in all other areas, particularly in the representation as well as marketplace and community measurement areas, ranking at the bottom.

Hormel Foods is one of the 9 companies that disclose its remediation process for addressing violence and harassment grievances in the workplace. Like most other companies, it performs well on having a violence and harassment policy for its employees and requiring its suppliers to have an effective remediation process for addressing violence and harassment grievances of their workers.

Hormel Foods has an opportunity to have a public commitment to gender equality and women’s empowerment, publicly aligning its primary carer leave policy to ILO standards of at least 14 weeks and its secondary carer policy to ILO standards of 2 weeks.

Ranking position: #77 /112
Total score: 17.1 /100

Measurement area	Score	Rank (0-112)
Governance and strategy	#1 3.6 /20	#63
Representation	#1 0.0 /17.5	#103
Compensation and benefits	#1 2.6 /17.5	#43
Health and well-being	#1 5.5 /17.5	#46
Violence and harassment	#1 5.5 /17.5	#24
Marketplace and community	#1 0.0 /10	#76
Total score	17.1 /100	#77

Value chain element	Score
Workplace	7.7 /35
Supply chain	5.8 /35

Segment
Food and Agriculture	#33

More about the company

Headquarters: Austin, MN, USA
Number of employees: 20000
Percentage of female employees: 38%
Group revenue: USD 12,459 billion
Ownership structure: Publicly listed
Website: https://www.hormelfoods.com/