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 25 is higher than 95% of the industry. This can give you a sense of how well the company is doing compared to its peers.
Hormel's reported carbon emissions
In 2023, Hormel Foods Corporation reported total greenhouse gas emissions of approximately 1,062,732,000 kg CO2e, which includes 625,338,000 kg CO2e from Scope 1 and 437,394,000 kg CO2e from Scope 2 emissions. The company has set ambitious climate commitments, aiming to reduce its absolute Scope 1 and 2 greenhouse gas emissions by 50% by 2030, using 2019 as the base year. Additionally, Hormel is targeting a 27.5% reduction in absolute Scope 3 emissions within the same timeframe. In 2022, Hormel's emissions were approximately 1,079,933,000 kg CO2e, with Scope 1 emissions at 635,226,000 kg CO2e and Scope 2 emissions at 444,707,000 kg CO2e. The company has consistently reported its emissions across various regions, including significant figures from its global operations. Hormel Foods is committed to aligning its reduction targets with the Science Based Targets initiative (SBTi), ensuring that its strategies contribute to limiting global warming to 1.5°C. The company has not yet committed to a net-zero target but is actively working towards substantial emissions reductions in the near term.
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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 | 12,260,503,000 | - | 00,000,000,000 | - | - |
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 committed to some reduction initiatives 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.
