Hormel Foods Earns Perfect Score of 100 on the Human Rights Campaign Foundation's 2023-24 Corporate Equality Index

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Hormel Foods Corporation (NYSE: HRL) achieves a perfect score of 100 on the 2023–24 Corporate Equality Index (CEI), a national benchmarking survey and report on corporate policies and practices related to LGBTQ+ workplace equality. The company joins the ranks of 545 major U.S. businesses that also earned top marks this year. Hormel Foods is committed to ensuring a safe and equitable work environment for all of its team members, and the efforts in satisfying all CEI criteria earned the company a score of 100, making it a recipient of the Equality 100 Award: Leader in LGBTQ+ Workplace Inclusion.

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• Hormel Foods Corporation achieves a perfect score of 100 on the 2023–24 Corporate Equality Index (CEI)
• Record-breaking 1,340 businesses have non-discrimination protections specific to gender identity

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• None.

Company achieves top score in annual assessment of LGBTQ+ workplace equality

AUSTIN, Minn., Nov. 30, 2023 /PRNewswire/ -- Hormel Foods Corporation (NYSE: HRL), a Fortune 500 global branded food company, received a perfect score of 100 on the 2023–24 Corporate Equality Index (CEI), a national benchmarking survey and report on corporate policies and practices related to LGBTQ+ workplace equality, administered by the Human Rights Campaign Foundation. Hormel Foods joins the ranks of 545 major U.S. businesses that also earned top marks this year.

"We are honored to receive this recognition of the work we've done to ensure an inclusive culture that supports all of our valued team members," said Katie Larson, senior vice president of human resources at Hormel Foods. "We're committed to delivering benefits and programs that support our LGBTQ+ team members and their families."

The CEI rates companies on detailed criteria falling under four central pillars:

• Non-discrimination policies across business entities.
• Equitable benefits for LGBTQ+ workers and their families.
• Supporting an inclusive culture.
• Corporate social responsibility.

The results of the 2023–2024 CEI showcase how U.S.-based companies are promoting LGBTQ+ friendly workplace policies in the U.S. and abroad.

"Hormel Foods is committed to ensuring a safe and equitable work environment for all of our team members. That will always be the case," said Antoine Destin, director of diversity, equity and inclusion at Hormel Foods. "Our company is a great place to work, and we are honored to be recognized by the Human Rights Campaign in this manner."

The first year of the CEI included 319 participants, and the 2023-2024 CEI now includes 1,384 participants, further demonstrating the tremendous trajectory of the CEI. A record-breaking 1,340 businesses have non-discrimination protections specific to gender identity, up from just 17 in 2002. These critical non-discrimination protections cover 21 million employees in the U.S. and around the globe. The efforts of Hormel Foods in satisfying all CEI criteria earned a score of 100, making the company a recipient of the Equality 100 Award: Leader in LGBTQ+ Workplace Inclusion.

The full report is available online at www.hrc.org/cei.

About Hormel Foods — Inspired People. Inspired Food.^™ 
Hormel Foods Corporation, based in Austin, Minn., is a global branded food company with over $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 on the "Global 2000 World's Best Employers" list by Forbes magazine for three years, is one of Fortune magazine's most admired companies, has appeared on the "100 Best Corporate Citizens" list by 3BL Media 13 times, 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.

Contact:	Media Relations
	Hormel Foods
	media@hormel.com

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SOURCE Hormel Foods Corporation

FAQ

What is the company name and ticker symbol of the business achieving a perfect score on the 2023–24 Corporate Equality Index (CEI)?

The company is Hormel Foods Corporation and its ticker symbol is HRL.

What is the Corporate Equality Index (CEI) and what score did Hormel Foods achieve?

The CEI is a national benchmarking survey and report on corporate policies and practices related to LGBTQ+ workplace equality. Hormel Foods achieved a perfect score of 100.

How many businesses earned top marks on the 2023–24 Corporate Equality Index (CEI)?

Hormel Foods joins the ranks of 545 major U.S. businesses that also earned top marks this year.

What are the criteria under which companies are rated in the Corporate Equality Index (CEI)?

Companies are rated on non-discrimination policies across business entities, equitable benefits for LGBTQ+ workers and their families, supporting an inclusive culture, and corporate social responsibility.

What is the full report available online?

The full report is available online at www.hrc.org/cei.