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Hormel Foods Corporation, commonly known as Hormel, is a prominent American company specialising in food products nec (not elsewhere classified). Headquartered in the United States, the company has established a significant presence across North America and beyond, serving diverse markets with its wide range of food offerings. Founded in 1891, Hormel has a long history of innovation and growth, with key milestones including the development of iconic brands such as Spam, Jennie-O, and Skippy.
The company's core business revolves around processed meat products, refrigerated foods, and other packaged food items that emphasise quality and flavour. Hormel’s commitment to product innovation and sustainability has helped it maintain a strong market position within the food industry. Recognised for its enduring legacy and diverse portfolio, Hormel continues to be a leading name in the food products nec sector.
22
DitchCarbon score
+5 vs industry average
Hormel’s score of 22 is lower than 49% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Industry Intensity
Very High
Food Product Manufacturing is among the most carbon-intensive industries
Industry performance
0.397
20182025
The Food Product Manufacturing industry has reduced its overall emissions by 22% since 2018
Emissions trajectory 2020 – 2027
20202021202220232024202520262027
Reported emissions
Scope 1
•••kg CO₂e
Scope 2
•••kg CO₂e
Scope 3
•••kg CO₂e
Total reported
•••kg CO₂e
Scope 3 accounts for ••• of total emissions.
Hormel's reported carbon emissions
Hormel, a US-based food products company, reported approximately 922.9 million kg CO2e in market-based Scope 1 and 2 emissions for 2024. For 2023, its market-based Scope 1 and 2 emissions were approximately 669.5 million kg CO2e. In 2022, Hormel's Scope 1 emissions were around 635.2 million kg CO2e, and its market-based Scope 2 emissions were about 22.7 million kg CO2e, resulting in a total market-based Scope 1 and 2 figure of approximately 657.9 million kg CO2e.
Hormel has set ambitious climate commitments. It aims to reduce absolute Scope 1 and 2 greenhouse gas emissions by 50% by 2030, using a 2019 base year. Additionally, the company is committed to reducing absolute Scope 3 GHG emissions by 27.5% within the same timeframe. These near-term Scope 1 and 2 targets are aligned with a 1.5°C global warming scenario, as validated by the Science Based Targets initiative (SBTi). Hormel has also previously established an interim target of a 1% per year absolute reduction in GHG emissions and a 1% per year efficiency target between 2020 and 2021.
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Hormel’s Climate Goals (2030 & 2050)
3 goals2030
50% reduction in Scope 2
Hormel Foods Corporation commits to reduce absolute scope 1 and 2 GHG emissions 50% by 2030 from a 2019 base year. Hormel Foods Corporation…
At risk50%
2030
50% reduction in Scope 1
Hormel Foods Corporation commits to reduce absolute scope 1 and 2 GHG emissions 50% by 2030 from a 2019 base year. Hormel Foods Corporation…
Behind target50%
2030
27.5% reduction in scope 3 total
Hormel Foods Corporation commits to reduce absolute scope 1 and 2 GHG emissions 50% by 2030 from a 2019 base year. Hormel Foods Corporation…
Insufficient data27.5%
Showing SBTi-validated targets only. Sign up or sign in to see all disclosed climate targets.
Scope 3 top emissions categories
11 of 15 categories disclosedSee all scope 3 categories
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Climate initiatives
Science Based Targets Initiative
2030 targetSee details
Active
Carbon Disclosure Project
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Active
The Climate Pledge
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Not active
UN Global Compact Climate Champions initiative
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Not active
RE 100
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Not active
Climate Action 100
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Not active
Emissions comparison with industry peers
View similar organisationsCompanyCountryIndustryLast updatedScoreDetails
Hormel10 months ago
22
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Frequently asked questions
Common questions about Hormel’s sustainability data and climate commitments
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