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Hormel Foods Releases 2024 Global Impact Report

1. Hormel Foods released its 19th annual Global Impact Report. 2. The report emphasizes sustainability and responsible sourcing in operations. 3. Hormel achieved significant reductions in emissions and water usage. 4. The company donated over $22.6 million in cash and products. 5. HRL supports its team with educational opportunities for dependents.

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Why Bullish?

The focus on sustainability may attract ESG investors, potentially boosting HRL's stock price. Historical trends show companies enhancing ESG initiatives often witness positive market reactions.

How important is it?

The positive developments outlined can significantly influence investor perception and long-term growth potential for HRL.

Why Long Term?

Sustained commitment to sustainability can enhance brand loyalty and operational efficiencies over time. This improvement aligns with consumer trends toward ethical and environmentally friendly practices.

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19th annual report highlights global impact progress through newly adopted framework, /PRNewswire/ -- Hormel Foods Corporation, a Fortune 500 global branded food company, today shared its 19th annual Global Impact Report. The report, available online, provides fiscal year 2024 progress through the lens of Good Feeds Us All, the company's next-generation global impact framework. Hormel Foods Corporation, a Fortune 500 global branded food company, today shared its 19th annual Global Impact Report. "Good Feeds Us All evolved naturally and purposefully from our earlier 20 By 30 Challenge," said Katie Clark, senior vice president and chief communications officer at Hormel Foods. "The 20 By 30 Challenge cast a wide net, which was reflective of where we were in our global impact journey at the time. Good Feeds Us All is now allowing us to organize and streamline our company's global impact work under two interconnected pillars — planet and society — reflecting the ecosystems and people our business depends on every day." The framework articulates the company's global impact initiatives, and powers meaningful action by: Reaffirming the company's commitment to reducing greenhouse gas emissions within our operational boundary Conveying a clearer focus on responsible sourcing across the entire supply chain Enhancing objectives around consumers and product quality, ensuring delivery of trusted, high-quality food Outlining new initiatives to strengthen communities across the globe "Hormel Foods has always been guided by a strong sense of purpose," said Jeff Ettinger, interim chief executive officer for Hormel Foods. "Good Feeds Us All is one way we put that purpose into practice, bringing clarity to our global impact efforts. It demonstrates how our values shape the way we work and shows how we continue to evolve with the world around us, while staying true to the principles that have long defined us.""Today's release of our Global Impact Report reflects our continued focus on what matters most, which includes supporting our team members and communities, advancing responsible practices across our supply chain and continuing to deliver trusted, high-quality food. We are committed to being stewards of good, because Good Feeds Us All," said John Ghingo, president, Hormel Foods.Among the company's many notable accomplishments in 2024 are: Eliminating 9.7 metric tons of carbon dioxide emissions Saving more than 73 million gallons of water and reducing water usage by 5.5% compared to the previous year Completing 23 packaging projects in the U.S. supply chain, reducing materials by more than 1 million pounds Contributing more than $22.6 million in cash and product donations Providing a free college education and related support services to 179 dependents of U.S. team members To read about the organization's momentum, initiatives and philosophy, explore the full 2024 Global Impact Report here.The 2024 Global Impact Report has been published under the direction of the Hormel Foods Global Impact Executive Council. Projects and initiatives featured in the report include information about efforts by Hormel Foods that support the select UN SDGs. The company has utilized Global Reporting Initiative (GRI) Standards and Sustainability Accounting Standards Board (SASB) Processed Foods and Meat, Poultry & Dairy Standards to inform reporting practices.About Hormel Foods — Inspired People. Inspired Food.™Hormel Foods Corporation (NYSE: HRL), based in Austin, Minnesota, is a global branded food company with approximately $12 billion in annual revenue across more than 80 countries worldwide. Its brands include PLANTERS®, SKIPPY®, SPAM®, HORMEL® NATURAL CHOICE®, APPLEGATE®, JUSTIN'S®, WHOLLY®, HORMEL® BLACK LABEL®, COLUMBUS®, JENNIE-O® and more than 30 other beloved brands. The company is a member of the S&P 500 Index and the S&P 500 Dividend Aristocrats, was named one of the best companies to work for by U.S. News & World Report, one of America's most responsible companies by Newsweek, recognized by TIME magazine as one of the World's Best Companies and has received numerous other awards and accolades for its corporate responsibility and community service efforts. The company lives by its purpose statement — Inspired People. Inspired Food.™ — to bring some of the world's most trusted and iconic brands to tables across the globe. For more information, visit hormelfoods.com.SOURCE Hormel Foods Corporation WANT YOUR COMPANY'S NEWS FEATURED ON PRNEWSWIRE.COM? 440k+ Newsrooms & Influencers 9k+ Digital Media Outlets 270k+ Journalists Opted In

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