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Our Food Journey™ 2020 Report

Jim Snee

We are proud of the progress we have made as a leading corporate citizen in our industry and are excited to share our 15th annual report with you.

Welcome, and thank you for visiting the 2020 Hormel Foods Corporate Responsibility Report. At Hormel Foods, we know that building social value and creating economic value are not competing goals, and we are inspired to do our part in making the world a better place. In fact, we continue to be recognized for our efforts. For the 12th year in a row, we were honored to be named one of the 100 Best Corporate Citizens by 3BL Media. We were also named one of America’s Most Responsible Companies by Newsweek, one of the 50 Best Companies to Sell For by Selling Power and a Best for Vets Employer by Military Times.

As part of Our Food Journey™, we aim to produce food responsibly for customers and consumers around the world by:

· Investing in our people and partners;

· Improving communities around the world; and

· Creating products that improve the lives of others.

Despite the significant challenges the COVID-19 pandemic presented, I’m pleased to share the following 2020 highlights in these areas:

  • Surpassed Goals

    Our Goals

    Our commitment to making the world in which we live a better place has never wavered. We’re proud that we surpassed our 2020 nonrenewable energy use, water use, solid waste sent to landfills and product packaging reduction goals, and achieved our goal to deliver 15 percent of sales from innovative new items. We’re also excited for the next chapter of our journey — our 20 By 30 Challenge. Our future corporate responsibility reports will provide updates on our progress in achieving these commitments.

  • Antibiotic Stewardship

    Animal Care And Antibiotic Stewardship

    We are known as a leader throughout the industry for our high standards for animal care. To ensure our standards are being met throughout our supply chain, more than 1,900 audits were conducted in 2020. In January 2021, we also launched our first Antibiotic Stewardship Report that provides comprehensive, detailed and transparent information about our antibiotic stewardship program and metrics from some of the farms in our supply chain over the last several years.

  • Sodium Redection

    Innovation, Sodium Reduction And Clean Product Labels

    In addition to achieving our goal to deliver 15 percent of sales from innovative new items, we once again introduced more than 500 innovative new retail and foodservice products throughout the year to meet the growing needs of our global consumers. We also continued our clean-label initiative to simplify the ingredient statements of many of our products and our sodium reduction efforts.

  • Diversity

    Inclusion, Diversity And Safety

    Inclusion and diversity are critical elements of our future success. It’s our inclusive culture that empowers our inspired team members to bring forth their ideas to make our company the best it can be. In 2020, we partnered with a wide array of business associations to support inclusion and diversity both internally and externally. To support education and equity, we assisted several nonprofit organizations and announced our Inspired Pathways program. The Inspired Pathways program is a game-changing initiative that provides the opportunity of a free, two-year-college education for the dependent children of our team members. This monumental program will help many first-generation college students.

    Throughout the COVID-19 pandemic, we kept our promise to maintain a Safety-First culture by launching our KEEP COVID OUT! campaign. Our efforts included proactive and transparent educational materials; a paid leave and pay protection program; access to personal protective equipment; enhanced sanitation procedures and daily wellness screenings. In addition, we paid more than $11 million in special cash bonuses to our essential production professionals. We also opened a state-of-the-art health center located in Austin, Minn., close to our global headquarters and flagship plant, which improves access to high-quality, affordable health care for Hormel Foods team members and their dependent family members.

  • Charitable Giving

    Charitable Giving

    Being a good corporate citizen means doing our part every day to lift up our communities and use our size and position to make a difference. Therefore, in 2020 we donated more than $8.2 million in cash and products. This includes $6.4 million in donations to fight hunger, COVID-19 and disaster-relief efforts, our donation of 1.9 million cans of SPAMMY® (a shelf-stable product to help prevent childhood malnutrition in Guatemala) and more than $1 million in education donations.

Thanks to the incredible effort and dedication of our team members, partners and suppliers, we continue to achieve outstanding results. We look forward to working together to advance our efforts even more through our 20 By 30 Challenge.

Please read more about our progress in this online report. As always, email to share any feedback you may have about our report or our corporate responsibility efforts.

Thank you,

Jim Snee

Jim Snee
Chairman of the Board, President and Chief Executive Officer