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Our Food Journey™ 2020 Report

The 2020 Hormel Foods Corporate Responsibility 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. The 2020 Hormel Foods Corporate Responsibility Report is developed in accordance with the 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
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
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
102-17 Mechanisms for advice and concerns about ethics
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
102-22 Composition of the highest governance body and its committees
102-23 Chair of the highest governance body
102-24 Nominating and selecting the highest governance body
102-25 Conflicts of interest
102-26 Role of highest governance body in setting purpose, values and strategy
102-28 Evaluating the highest governance body’s performance
102-29 Identifying and managing economic, environmental and social impacts
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
102-35 Remuneration policies
102-36 Process for determining remuneration
102-37 Stakeholder involvement in remuneration
Stakeholder Engagement
GRI Standard Description Location/Information
102-40 List of stakeholder groups
102-41 Collective bargaining agreements
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


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

The 2020 Hormel Foods Corporate Responsibility 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:

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
201-2 Financial implications and other risks and opportunities due to climate change
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
301-2 Recycled input materials used
GRI 302: Energy
GRI Standard Description Location/Information
302-1 Energy consumption within the organization
302-3 Energy intensity
302-4 Reduction of energy consumption
GRI 303: Water
GRI Standard Description Location/Information
303-1 Water withdrawal by source
303-2 Water sources significantly affected by withdrawal of water
GRI 305: Emissions
GRI Standard Description Location/Information
305-1 Direct (Scope 1) GHG emissions
305-2 Energy indirect (Scope 2) GHG emissions
305-5 Reduction of GHG emissions
GRI 306: Effluents and Waste
GRI Standard Description Location/Information
306-1 Water discharge by quality and destination
GRI 307: Environmental Compliance
GRI Standard Description Location/Information
307-1 Noncompliance with environmental laws and regulations
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
401-2 Benefits provided to full-time employees that are not provided to temporary or part-time employees
GRI 403: Occupational Health and Safety
GRI Standard Description Location/Information
403-1 Workers representation in formal joint management-worker health and safety committees
403-2 Types of injury and rates of injury, occupational diseases, lost days and absenteeism, and number of work-related fatalities
GRI 404: Training and Education
GRI Standard Description Location/Information
404-1 Average hours of training per year per employee
404-2 Programs for upgrading employee skills and transition assistance programs
GRI 405: Diversity and Equal Opportunity
GRI Standard Description Location/Information
405-1 Diversity of governance bodies and employees
GRI 406: Nondiscrimination
GRI Standard Description Location/Information
406-1 Incidents of discrimination and corrective actions taken
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
GRI 408: Child Labor
GRI Standard Description Location/Information
408-1 Operations and suppliers at significant risk for incidents of child labor
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
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
GRI 415: Public Policy
GRI Standard Description Location/Information
415-1 Political contributions
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
GRI 417: Marketing and Labeling
GRI Standard Description Location/Information
417-1 Requirements for product and service information and labeling
417-2 Incidents of noncompliance concerning product and service information and labeling
417-3 Incidents of noncompliance concerning marketing communications
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

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
FP5 Percentage of production volume manufactured in sites certified by an independent third party according to internationally recognized food safety management system standards
FP6 Percentage of total sales volume of consumer products, by product category, that are lowered in saturated fat, trans fats, sodium and added sugars
FP8 Policies and practices on communication to consumers about ingredients and nutritional information beyond legal requirements
FP11 Percentage and total of animals raised and/or processed, by species and breed type, per housing type
FP12 Policies and practices on antibiotic, anti-inflammatory, hormone and/or growth promotion treatments, by species and breed type
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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