Austin, Minn, October 24, 2022 /PRNewswire/ — Hormel Foods Corporation (NYSE: HRL ), a Fortune 500 global brand company, has been ranked among the 100 Best ESG Companies for the first time in Investor’s Business Daily’s annual report. The list recognizes outstanding environmental, social and governance (ESG) standards combined with strong fundamental and technical stock performance.
As part of it Our Food Journey™Hormel Foods has created a 20 by 30 challenge, 20 qualitative and quantitative goals to reach by the end of 2030, focusing on environmental, community and game-changing goals to make the world a better place. These include increasing our annual procurement costs for small and diverse businesses, achieving reductions in our packaging, non-renewable energy use, greenhouse gas (GHG) emissions, water use and solid waste sent to landfills, and supporting agricultural startups. The company’s goals are reported in the 2021 Global Impact Report.
This is Hormel Foods’ first appearance in Investor Business Daily’s annual report on the 100 Best ESG Companies. Hormel Foods receives accolades for its ESG initiatives, including being named to Newsweek’s 2022 list of America’s Most Trusted Companies and appearing on America’s Most Responsible Companies list three years in a row. Forbes and receiving multiple Impact Awards from Progressive Grocer for educational support and food security programs.
To determine the 2022 Top 100 ESG Companies list, Investor’s Business Daily started with a company environmental, social and governance sustainability score created by Dow Jones Newswires. The list is narrowed by removing non-public companies and companies with undervalued shares. $10 Shares or insufficient information to create Investor Business Daily Composite Ratings. The 100 companies with the highest Investor Business Daily Composite ratings are named in the list.
To see the full Investor’s Business Daily 100 Best ESG Companies in 2022, visit 100 Best ESG Companies.
About Hormel Foods – Motivated People. Inspirational Food.™
Hormel Foods Corporation, founded by Austin, MinnAbove is an international branded food company. 11 billion dollars Annual income in more than 80 countries around the world. Its brands include Gardeners®jump®spam®Hormel® Natural selection®Applegate®of Justin®completely®Hormel® Black label®Columbus®, Jenny-O® And more than 30 other popular products. The company is a member of the S&P 500 Index and S&P 500 Dividend Aristocrats, named in the “Global 2000 World’s Best Employers” list. Forbes Magazine has been one of Fortune Magazine’s Most Admired Companies for three consecutive years, has been featured in 3BL Media’s “100 Best Corporate Citizens” list 13 times, and has received many other awards and accolades for its corporate responsibility and community service efforts. The company lives by its mission statement: Motivated people. Inspirational Food.™ – To bring the most trusted and popular brands to the tables worldwide. For more information, visit www.hormelfoods.com and http://csr.hormelfoods.com/.
Source Hormel Foods Corporation
