Hormel

Hormel's reported carbon emissions

In 2024, Hormel Foods Corporation reported approximately 922.9 million kg CO2e in combined Scope 1 and 2 emissions. This figure reflects a market-based approach to emissions accounting. In 2023, the company disclosed approximately 669.5 million kg CO2e for Scope 1 and 2 emissions, indicating a significant increase in emissions over the year. Hormel has set ambitious climate commitments, aiming to reduce absolute Scope 1 and 2 greenhouse gas emissions by 50% 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. These targets align with the Science Based Targets initiative (SBTi) and are designed to contribute to global efforts to limit temperature rise to 1.5°C. In 2021, Hormel established an interim target of a 1% annual reduction in greenhouse gas emissions, which reflects their ongoing commitment to improving efficiency and reducing their carbon footprint. However, the company has not disclosed specific Scope 3 emissions data, which includes emissions from purchased goods and services, indicating areas for further transparency and improvement. Overall, Hormel Foods is actively working towards significant emissions reductions while navigating the complexities of their operational impact on climate change.