Hormel
Hormel Foods Corporation, commonly known as Hormel, is a leading player in the global food industry, headquartered in Austin, Minnesota, USA. Founded in 1891, the company has evolved significantly, marking key milestones such as the introduction of its iconic Spam product in 1937, which remains a staple in many households today. Hormel operates primarily in the meat and food products sector, offering a diverse range of items including refrigerated and shelf-stable products. Its portfolio features well-known brands such as Jennie-O, Hormel Natural Choice, and Applegate, each distinguished by a commitment to quality and innovation. With a strong market position, Hormel has garnered recognition for its sustainability efforts and product development, making it a trusted name in the food industry.
DitchCarbon Score
How does Hormel's carbon action stack up? DitchCarbon scores companies based on their carbon action and commitment to reducing emissions. Read about our methodology to learn more.
Industry Average
Mean score of companies in the Food Product Manufacturing industry. Comparing a company's score to the industry average can give you a sense of how well the company is doing compared to its peers.
Industry Benchmark
Hormel's score of 32 is higher than 64% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Hormel's reported carbon emissions
In 2023, Hormel Foods Corporation reported total greenhouse gas emissions of approximately 625,338,000 kg CO2e for Scope 1 and about 40,770,000 kg CO2e for Scope 2 (market-based). The combined total for Scope 1 and Scope 2 emissions reached about 666,108,000 kg CO2e. Hormel has set ambitious climate commitments, aiming for a 50% reduction in absolute Scope 1 and 2 emissions by 2030, using 2019 as the baseline year. Additionally, the company targets a 27.5% reduction in absolute Scope 3 emissions within the same timeframe. Hormel's interim target includes a 1% annual reduction in greenhouse gas emissions, which was established for the near term. The company has demonstrated a commitment to sustainability by aligning its targets with the Science Based Targets initiative (SBTi), ensuring that its emissions reduction goals are consistent with the global aim to limit warming to 1.5°C. Overall, Hormel Foods is actively working towards significant emissions reductions while maintaining transparency in its reporting and commitments.
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| 2019 | 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|---|
| Scope 1 | 793,230,000 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 |
| Scope 2 | 238,300,000 | 000,000,000 | 000,000,000 | 00,000,000 | 00,000,000 |
| Scope 3 | 12,240,103,000 | - | - | - | - |
Industry emissions intensity
Location emissions intensity
Reduction initiatives & disclosure networks
Companies disclose and commit to reducing emissions to show they are serious about reducing emissions impact over time. They can also help a company track its progress over time.
Hormel is participating in some of the initiatives that we track. This may change over time as the company engages with new initiatives or updates its commitments. DitchCarbon will update this information as it becomes available.
