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 20 is higher than 52% 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 a combined scope 1 and 2 emissions intensity of approximately 54.0 tonnes CO2e per million USD in revenue. However, specific absolute emissions data for the year is not disclosed. In 2022, Hormel's global scope 1 emissions totalled about 632,840,000 kg CO2e, while scope 2 emissions were approximately 34,968,000 kg CO2e (market-based). In China, the company reported scope 1 emissions of about 1,758,000 kg CO2e and scope 2 emissions of approximately 21,776,000 kg CO2e. Hormel has set ambitious climate commitments, aiming to reduce absolute scope 1 and 2 greenhouse gas emissions by 50% by 2030 from a 2019 baseline. Additionally, the company targets a 27.5% reduction in absolute scope 3 emissions within the same timeframe. These targets are aligned 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 to commence in 2020. This commitment reflects the company's ongoing efforts to enhance operational efficiency and reduce its carbon footprint across all scopes.
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| 2019 | 2020 | 2021 | 2022 | |
|---|---|---|---|---|
| Scope 1 | 793,230,000 | 000,000,000 | 000,000,000 | 000,000,000 |
| Scope 2 | 238,300,000 | 000,000,000 | 000,000,000 | 00,000,000 |
| Scope 3 | 12,240,103,000 | - | 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 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.
