Hormel Foods Named One of the Top Corporate Citizens in the United States

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Hormel Foods Corporation (NYSE: HRL) has been recognized as one of the 100 Best Corporate Citizens by 3BL Media, marking the 13th time the company has received this honor. The ranking highlights Hormel's outstanding performance in environmental, social, and governance (ESG) practices among the largest U.S. public companies. Hormel's commitment to ESG is demonstrated through its '20 By 30 Challenge' and various accolades for transparency and responsibility. The evaluation is based on 155 ESG factors across eight pillars, ensuring comprehensive scrutiny of corporate practices.

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• Ranked as one of the 100 Best Corporate Citizens by 3BL Media for outstanding ESG performance.
• Recognized for transparency and responsibility with multiple awards, including being on the Fortune 500 list of largest green power users.

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• None.

AUSTIN, Minn., May 18, 2022 /PRNewswire/ -- Hormel Foods Corporation, (NYSE: HRL), a global branded food company, today announced it has been named one of the 100 Best Corporate Citizens by 3BL Media. The 2022 ranking recognizes outstanding environmental, social and governance (ESG) transparency and performance among the 1,000 largest U.S. public companies. Hormel Foods has been included on the 100 Best Corporate Citizens list 13 times.

"Hormel Foods is committed to responsibly shaping the future of food with a reputation as a company that cares about our people, consumers, communities and planet," said Jim Snee, chairman of the board, president and CEO of Hormel Foods. "We are committed to make the world a better place through Our Food Journey™ efforts and our ambitious 20 By 30 Challenge goals. We are proud and honored to continue to be named a top corporate citizen for our ESG transparency and performance."

The 100 Best Corporate Citizens ranking is based on 155 ESG factors in eight pillars: climate change, employee relations, environment, finance, governance, human rights, stakeholders and society, and ESG performance.

Using a methodology developed by 3BL Media, all Russell 1000 Index companies are researched by ISS ESG, the responsible investment research arm of Institutional Shareholder Services. To compile the ranking, corporate data and information is obtained from publicly available sources only, rather than questionnaires or company submissions. Companies have the option to verify data collected for the ranking. Data and information used in the 2022 edition of the 100 Best Corporate Citizens ranking is from March 19, 2021, to March 18, 2022.

"Achieving the transformational targets in the Paris Agreement and UN Sustainable Development Goals in this decisive decade will require companies to truly embed ESG into the core of their business," said Dave Armon, CEO of 3BL Media. "The 100 Best Corporate Citizens of 2022 are answering the call by demonstrating the societal and bottom-line value of leadership and transparency around ESG topics. They are setting ambitious goals, outlining robust strategies for achieving them, disclosing data to measure progress, and accounting for all stakeholders in business decisions."

Hormel Foods continually receives accolades for its transparency and ESG efforts, including being ranked No. 57 on the U.S. Environmental Protection Agency's Fortune 500^® list of the largest green power users from the Green Power Partnership, being named one of America's Most Responsible Companies for the third year in a row by Newsweek, being recognized as one of the World's Top Female-Friendly Companies by Forbes and receiving several Impact Awards from Progressive Grocer for its educational support and food security programs. The company recently launched its new set of corporate responsibility goals, the 20 By 30 Challenge, as part of its overall ESG strategy. The company's goals were based on a robust assessment process that identified and prioritized the topics most relevant to the business and its stakeholders. In addition, the company set goals that helped support the UN Sustainable Development Goals.

For access to the complete 100 Best Corporate Citizens of 2022 ranking and methodology visit: https://100best.3blmedia.com/.  

ABOUT HORMEL FOODS — Inspired People. Inspired Food.™
Hormel Foods Corporation, based in Austin, Minn., is a global branded food company with over $11 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 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 www.hormelfoods.com and http://csr.hormelfoods.com/.

Contact:  Kelly Braaten
               Hormel Foods
               507-434-6352
               media@hormel.com

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SOURCE Hormel Foods Corporation

FAQ

What does the '100 Best Corporate Citizens' ranking signify for Hormel Foods (HRL)?

It highlights Hormel Foods' commitment to environmental, social, and governance (ESG) transparency and performance.

How many times has Hormel Foods (HRL) been named a top corporate citizen?

Hormel Foods has been recognized as one of the 100 Best Corporate Citizens 13 times.

What initiatives does Hormel Foods (HRL) focus on for ESG performance?

Hormel Foods focuses on initiatives like the '20 By 30 Challenge' to enhance its ESG practices.

How is the ranking for the 100 Best Corporate Citizens determined?

The ranking is based on 155 ESG factors evaluated across eight pillars, using publicly available data.

Which organizations assess the corporate citizenship of Hormel Foods (HRL)?

The assessment is conducted by ISS ESG, the responsible investment research arm of Institutional Shareholder Services.