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. This data reflects Hormel's ongoing commitment to transparency in its climate impact. Hormel has set ambitious reduction targets, committing to a 50% absolute reduction in Scope 1 and 2 emissions by 2030, using 2019 as the baseline year. Additionally, the company aims to reduce its Scope 3 emissions by 27.5% within the same timeframe. These targets align with the Science Based Targets initiative (SBTi) and are designed to support global efforts to limit warming to 1.5°C. In the near term, Hormel established an interim target of a 1% annual reduction in greenhouse gas emissions, which was set for the period from 2020 to 2021. This commitment underscores the company's proactive approach to sustainability and climate responsibility. Overall, Hormel Foods Corporation is actively working to mitigate its carbon footprint while enhancing operational efficiency, reflecting a strong commitment to environmental stewardship in the food and beverage processing sector.
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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.
