Hormel Foods Corporation has been named one of America’s Most Responsible Companies by Newsweek magazine for the third year in a row. This honor is among the many honors and rankings the company receives for its world-class corporate responsibility efforts. The company was also recently recognized as a Best for Vets Employer by Military Times and received numerous accolades for its internship program by Vault.
Jim Snee, chairman of the board, president, and chief executive officer of Hormel Foods stated in a news release that the company is a leader in the food industry and is committed to producing food responsibly for customers and consumers by investing in its people and partners; improving communities and the world; and creating products that improve the lives of others. In 2020, the company donated $8.2 million in cash and products, which included hunger-relief, COVID-19 and disaster-relief donations to support numerous organizations, such as Feeding America, Conscious Alliance and Convoy of Hope. In addition, the company also contributed more than $1 million in education donations and launched a first-of-a-kind Inspired Pathways program that provides the opportunity of a free, two-year-college education for the dependent children of its team members.
Hormel Foods also recently announced the new set of corporate responsibility goals the company it will strive to achieve by 2030 (the 20 By 30 Challenge). The new goals follow the company’s previous set of goals in which the company achieved significant reductions in its packaging, nonrenewable energy use, greenhouse gas emissions, water use and solid waste sent to landfills. The company’s new goals were based on a robust key topics assessment process that identified and prioritized the topics most relevant to the company and its stakeholders.
America’s Most Responsible Companies were selected based on publicly available key performance indicators derived from corporate responsibility reports as well as an independent survey. The key performance indicators focused on company performance in the environmental, social and corporate governance areas, while the independent survey asked U.S. citizens about their perception of company activities related to corporate responsibility. The final list recognizes the top 500 most responsible companies in the United States, spanning dozens of industries.