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Our 2021 Global Impact Report follows the standards developed by the Global Reporting Initiative (GRI), the internationally recognized standard for responsibility reporting.

This chart explains the GRI standards that are included in our report and where they are located online. In addition, we have included references to the corresponding UN Sustainable Development Goals (SDGs) based on the “Linking the SDGs and GRI Standards” reference material. Our 2021 report is developed in accordance with the GRI core option.

GRI 102: General Disclosures
Organizational Profile
GRI Standard Description Location/Information
102-1 Name of the organization

Hormel Foods Corporation

102-2 Activities, brands, products and services
102-3 Location of headquarters

Austin, Minn.

102-4 Location of operations
102-5 Ownership and legal form
102-6 Markets served
102-7 Scale of the organization
102-8 Information about employees and other workers

Supports UN SDGs 8 and 10

102-9 Supply chain
102-10 Significant changes to the organization and its supply chain
102-11 Precautionary Principle or approach
102-12 External initiatives
102-13 Membership of associations
Strategy
GRI Standard Description Location/Information
102-14 Statement from senior decision-maker
102-15 Key impacts, risks and opportunities
Ethics and Integrity
GRI Standard Description Location/Information
102-16 Values, principles, standards and norms of behavior

Supports UN SDG 16

102-17 Mechanisms for advice and concerns about ethics

Supports UN SDG 16

Governance
GRI Standard Description Location/Information
102-18 Governance structure
102-19 Delegating authority
102-20 Executive-level responsibility for economic, environmental and social topics
102-21 Consulting stakeholders on economic, environmental and social topics

Supports UN SDG 16

102-21 Consulting stakeholders on economic, environmental and social topics
102-22 Composition of the highest governance body and its committees

Supports UN SDGs 5 and 16

102-23 Chair of the highest governance body

Supports UN SDG 16

102-24 Nominating and selecting the highest governance body

Supports UN SDGs 5 and 16

102-25 Conflicts of interest

Supports UN SDG 16

102-26 Role of highest governance body in setting purpose, values and strategy

Supports UN SDG 16

102-28 Evaluating the highest governance body’s performance

Supports UN SDG 16

102-29 Identifying and managing economic, environmental and social impacts

Supports UN SDG 16

102-30 Effectiveness of risk management process
102-31 Review of economic, environmental and social topics
102-32 Highest governance body’s role in sustainability reporting
102-33 Communicating critical concerns

Supports UN SDG 16

102-35 Remuneration policies
102-36 Process for determining remuneration
102-37 Stakeholder involvement in remuneration

Supports UN SDG 16

Stakeholder Engagement
GRI Standard Description Location/Information
102-40 List of stakeholder groups
102-41 Collective bargaining agreements

Supports UN SDG 8

102-42 Identifying and selecting stakeholders
102-43 Approach to stakeholder engagement
102-44 Key topics and concerns raised
Reporting Practices
GRI Standard Description Location/Information
102-45 Entities included in the consolidated financial statements
102-46 Defining report content and topic boundaries
102-47 List of material topics
102-48 Restatements of information

None

102-49 Changes in reporting
102-50 Reporting period
102-51 Date of most recent report
102-52 Reporting cycle
102-53 Contact point for questions regarding the report
102-54 Claims of reporting in accordance with the GRI Standards

Our 2021 Global Impact Report is developed in accordance with the core option

102-55 GRI content index

This is our content index

102-56 External assurance

Our report is reviewed by our internal audit department; it is not externally assured

GRI 103: Management Approach
GRI Standard Description Location/Information
103-1 Explanation of the material topic and its boundary
103-2 The management approach and its components

Information about our policies and practices can be found in the appropriate category in the Responsibility section of our corporate website: http://www.hormelfoods.com/responsibility/

Information about our responsibilities, commitments, goals and targets and other initiatives can be found in this report

103-3 Evaluation of the management approach

We evaluate the effectiveness of our management approach for each key topic through stakeholder feedback, benchmarking external performance rankings and evaluating/monitoring our progress toward our goals

GRI 201: Economic Performance
GRI Standard Description Location/Information
201-1 Direct economic value generated and distributed

Supports UN SDGs 8 and 9

201-2 Financial implications and other risks and opportunities due to climate change

Supports UN SDG 13

201-3 Defined benefit plan obligations and other retirement plans
GRI 301: Materials
GRI Standard Description Location/Information
301-1 Materials used by weight or volume

Supports UN SDGs 8 and 12

301-2 Recycled input materials used

Supports UN SDGs 8 and 12

GRI 302: Energy
GRI Standard Description Location/Information
302-1 Energy consumption within the organization

Supports UN SDGs 7, 8, 12 and 13

302-3 Energy intensity

Supports UN SDGs 7, 8, 12 and 13

302-4 Reduction of energy consumption

Supports UN SDGs 7, 8, 12 and 13

GRI 303: Water and Effluents
GRI Standard Description Location/Information
303-1 Interactions with water as a shared resource

Supports UN SDGs 6 and 12

303-2 Management of water discharge-related impacts

Supports UN SDG 6

303-3 Water withdrawal

Supports UN SDG 6

303-4 Water discharge

Supports UN SDG 6

303-5 Water consumption

Supports UN SDG 6

GRI 305: Emissions
GRI Standard Description Location/Information
305-1 Direct (Scope 1) GHG emissions

Supports UN SDGs 3, 12, 13, 14 and 15

305-2 Energy indirect (Scope 2) GHG emissions

Supports UN SDGs 3, 12, 13, 14 and 15

305-4 GHG emissions intensity

Supports UN SDGs 13, 14 and 15

305-5 Reduction of GHG emissions

Supports UN SDGs 13, 14 and 15

GRI 306: Waste
GRI Standard Description Location/Information
306-1 Waste generation and significant waste-related impacts

Supports UN SDGs 3, 6, 11 and 12

306-2 Management of significant waste-related impacts

Supports UN SDGs 3, 6, 8, 11 and 12

306-3 Waste generated

Supports UN SDGs 3, 11 and 12

306-4 Waste diverted from disposal

UN SDGs 3, 11 and 12

306-5 Waste directed to disposal

Supports UN SDGs 3, 11 and 12

GRI 307: Environmental Compliance
GRI Standard Description Location/Information
307-1 Noncompliance with environmental laws and regulations

Supports UN SDG 16

GRI 308: Supplier Environmental Assessment
GRI Standard Description Location/Information
308-2 Negative environmental impacts in the supply chain and actions taken
GRI 401: Employment
GRI Standard Description Location/Information
401-1 New employee hires and turnover

We disclose our turnover percentage but do not report our new employee hires

Supports UN SDGs 5, 8 and 10

401-2 Benefits provided to full-time employees that are not provided to temporary or part-time employees

Supports UN SDGs 3, 5 and 8

GRI 403: Occupational Health and Safety
GRI Standard Description Location/Information
403-1 Occupational health and safety management system

Supports UN SDG 8

403-2 Hazard identification, risk assessment and incident identification

Supports UN SDG 8

403-3 Occupational health services

Supports UN SDG 8

403-4 Worker population, consultation and communication on occupational health and safety

Supports UN SDGs 8 and 16

403-5 Worker training on occupational health and safety

Supports UN SDG 8

403-6 Promotion of worker health

Supports UN SDG 3

403-7 Prevention and mitigation of occupational health and safety impacts directly linked by business relationships

Supports UN SDG 8

403-8 Workers covered by an occupational health and safety management system

Supports UN SDG 8

403-9 Work-related injuries

Supports UN SDGs 3, 8 and 16

GRI 404: Training and Education
GRI Standard Description Location/Information
404-1 Average hours of training per year per employee

Supports UN SDGs 4, 5, 8 and 10

404-2 Programs for upgrading employee skills and transition assistance programs

Supports UN SDG 8

GRI 405: Diversity and Equal Opportunity
GRI Standard Description Location/Information
405-1 Diversity of governance bodies and employees

Supports UN SDGs 5 and 8

GRI 406: Nondiscrimination
GRI Standard Description Location/Information
406-1 Incidents of discrimination and corrective actions taken

Supports UN SDGs 5 and 8

GRI 407: Freedom of Association and Collective Bargaining
GRI Standard Description Location/Information
407-1 Operations and suppliers in which the right to freedom of association and collective bargaining may be at risk

Supports UN SDG 8

GRI 408: Child Labor
GRI Standard Description Location/Information
408-1 Operations and suppliers at significant risk for incidents of child labor

Supports UN SDGs 5, 8 and 16

GRI 409: Forced or Compulsory Labor
GRI Standard Description Location/Information
409-1 Operations and suppliers at significant risk for incidents of forced or compulsory labor

Supports UN SDGs 5 and 8

GRI 412: Human Rights Assessment
GRI Standard Description Location/Information
412-1 Operations that have been subject to human rights reviews or impact assessments

Some Hormel Foods operations had social performance assessments completed by customers/third parties

412-2 Employee training on human rights policies or procedures
412-3 Significant investment agreements and contracts that include human rights clauses or that underwent human rights screening
GRI 414: Supplier Social Assessment
GRI Standard Description Location/Information
414-2 Negative social impacts in the supply chain and actions taken

Supports UN SDGs 5, 8 and 16

GRI 415: Public Policy
GRI Standard Description Location/Information
415-1 Political contributions

Supports UN SDG 16

GRI 416: Customer Health and Safety
GRI Standard Description Location/Information
416-1 Assessment of health and safety impacts of products and service categories
416-2 Incidents of noncompliance concerning the health and safety impacts of products and services

Supports UN SDG 16

GRI 417: Marketing and Labeling
GRI Standard Description Location/Information
417-1 Requirements for product and service information and labeling

Supports UN SDG 12

417-2 Incidents of noncompliance concerning product and service information and labeling

Supports UN SDG 16

417-3 Incidents of noncompliance concerning marketing communications

Supports UN SDG 16

GRI 418: Customer Privacy
GRI Standard Description Location/Information
418-1 Substantiated complaints concerning breaches of customer privacy and losses of customer data

No incidents to report

Supports UN SDG 16

GRI Food Processing Sector Supplement
GRI Standard Description Location/Information
FP1 Percentage of purchased volume from suppliers compliant with the company’s sourcing policy
FP3 Percentage of working time lost due to industrial disputes, strikes and/or lock-outs by country

Supports UN SDG 8

FP5 Percentage of production volume manufactured in sites certified by an independent third party according to internationally recognized food safety management system standards

Supports UN SDG 2

FP6 Percentage of total sales volume of consumer products, by product category, that are lowered in saturated fat, trans fats, sodium and added sugars

We disclose examples of our efforts to reduce added sugars and sodium in our products

We will work to include the percentage of total sales volume by product category that are lowered in saturated fat, trans fats, sodium and added sugars in future reports

Supports UN SDG 2

FP8 Policies and practices on communication to consumers about ingredients and nutritional information beyond legal requirements

Supports UN SDG 2

FP11 Percentage and total of animals raised and/or processed, by species and breed type, per housing type

We disclose housing types, but do not disclose percentages

FP12 Policies and practices on antibiotic, anti-inflammatory, hormone and/or growth promotion treatments, by species and breed type

Supports UN SDG 2

FP13 Total number of incidents of noncompliance with laws and regulations and adherence with voluntary standards related to transportation, handling and slaughter practices for live terrestrial and aquatic animals
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