#Sustainability #United States #Austin #Hormel Foods #Global Impact

Hormel Foods Unveils Its 2024 Global Impact Report

Hormel Foods Corporation, recognized as a Fortune 500 global branded food leader, recently released its 19th annual Global Impact Report. This comprehensive document, which is accessible online, outlines the company's achievements and initiatives for fiscal year 2024 and is framed by its evolving global impact framework known as Good Feeds Us All.

In a statement, Katie Clark, Senior Vice President and Chief Communications Officer at Hormel Foods, emphasized that the Good Feeds Us All framework builds upon the previously established 20 By 30 Challenge. This new framework is designed to streamline the company’s global impact initiatives under two critical pillars: planet and society. Clark noted that these pillars reflect the ecosystems and communities vital to Hormel’s operations.

The report articulates Hormel Foods' unwavering commitment to sustainability and responsible practices. Here are some of the key components highlighted:

• - Reducing Greenhouse Gas Emissions: Hormel strives to decrease its carbon footprint, affirming its dedication to minimizing greenhouse gas emissions within its operational boundaries.
• - Responsible Sourcing: The company aims to enhance transparency and responsibility across its supply chain, ensuring that it sources materials ethically and sustainably.
• - Emphasizing Quality for Consumers: Hormel is focused on delivering high-quality food products that consumers can trust, outlining new objectives to ensure that food safety and quality remain paramount.
• - Strengthening Global Communities: Furthermore, Hormel Foods is launching initiatives aimed at fortifying communities around the world, demonstrating their commitment to being good stewards of both people and the planet.

Jeff Ettinger, Interim CEO of Hormel Foods, echoed the statement regarding the company’s sense of purpose. He indicated that Good Feeds Us All reflects how the company actively integrates its ethos into practical initiatives, allowing them to evolve alongside societal and environmental changes while remaining anchored in their core principles.

John Ghingo, President of Hormel Foods, summed up their philosophy, stating, “Today’s release of our Global Impact Report mirrors our consistent focus on important matters, including supporting our team members and communities while adhering to sustainable practices throughout our supply chain.”

Notable Achievements of 2024

Among the myriad accomplishments outlined in the report are:

• - The elimination of 9.7 metric tons of carbon dioxide emissions.
• - A saving of over 73 million gallons of water along with a 5.5% reduction in overall water consumption compared to the previous year.
• - The successful completion of 23 packaging projects across the U.S. supply chain, which resulted in a reduction of materials by more than 1 million pounds.
• - Contributions exceeding $22.6 million in cash and product donations to various causes.
• - Provision of free college education and support services to 179 dependents of U.S. team members.

The 2024 Global Impact Report not only reflects Hormel Foods' actions and achievements but also emphasizes their alignment with select United Nations Sustainable Development Goals (SDGs). To ensure thoroughness and transparency, Hormel employed the Global Reporting Initiative (GRI) Standards and the Sustainability Accounting Standards Board (SASB) standards for processed foods and meat, poultry, and dairy in compiling this report.

In conclusion, Hormel Foods Corporation remains steadfast in its mission as a global leader in the food industry, embodying its commitment to sustainability and community service through comprehensive reporting and responsible practices. Their motto, Inspired People. Inspired Food., encapsulates their dedication to bringing quality products to tables worldwide. To delve into the full details of the report and learn more about their initiatives, visit Hormel Foods.