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 | |