Hormel Foods has launched its 16th annual Global Impact Report, which contains detailed information about the company’s progress toward its corporate responsibility and environmental, social, and governance (ESG) goals in fiscal 2021. The document follows the Global Reporting Initiative’s standards. The content index of the report also includes references to the corresponding UN Sustainable Development Goals.
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Some sustainability highlights of the company’s 2021 progress include:
- The company launched its updated set of corporate responsibility and ESG goals—its 20 By 30 Challenge. Through the updated goal set, the company is striving to achieve 20 qualitative and quantitative goals and commitments by the end of 2030. The goals were based on a key topics assessment process that helped the company identify and prioritize the issues most relevant to the business and its stakeholders. The goals also support the UN Sustainable Development Goals.
- The company initiated or completed several renewable energy wind and solar projects and is on track to have an approved science-based target for the reduction of greenhouse gas (GHG) emissions by 2023.
- The company assessed several regenerative agriculture projects, and its Applegate subsidiary launched the Applegate Naturals Do Good Dog hot dog made with beef raised on verified regenerative U.S. grasslands.
“For over 130 years, we’ve been making a difference, with our people, in our communities, and with our products,” says Jim Snee, chairman of the board, president and chief executive officer of Hormel Foods. “We do this by producing high-quality, safe, affordable, and convenient food products while being an unwavering steward of the environment. We are on a mission with Our Food Journey—one that compels us to do our part every day to make the world a better place and to continue to raise the bar on our ESG efforts.”