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2017 Report
Our Food Journey™
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The information within this report covers topics based on Global Reporting Initiative Standards and relevancy to our business and our stakeholders.

To select content, we assessed key topics in our industry and engaged with stakeholders to understand their concerns, questions and feedback. This dialogue gives us a picture of future topics of interest to our stakeholder groups, helps us understand the issues to anticipate and/or address, and outlines the questions we can help answer. We engage with stakeholders who have an active role or stake in our business, as well as those who help us improve as a company and are looking to engage in constructive dialogue.

In determining the information to report, we conducted a process to identify topics based on the interest of our stakeholders — a group that includes employees, customers, consumers, investors, suppliers, nongovernmental organizations, government agencies and communities.

The analysis included interviews, socially responsible investor (SRI) inquiries/questionnaires, customer questionnaires, consumer feedback, meetings, conferences and media coverage. From there, we prioritized the topics based on their importance to the business.

View the key topics assessment section for the results of our analysis.

Employees

(Current, prospective and retired)

How Hormel Foods Engages
  • Annual performance reviews
  • Annual town hall meetings with the CEO and executives at various plants
  • Departmental meetings (ongoing)
  • Engagement surveys (ongoing)
  • Intranet (daily)
  • Monthly location-specific newsletters and quarterly companywide magazine
  • Ongoing recruitment events (college campuses, job fairs)
  • Social media (daily)
Stakeholder Interests
  • Community impacts
  • Distribution of profits
  • Diversity and inclusion
  • Employee health and wellness
  • Employee recruitment and retention
  • Environmental sustainability
  • Occupational health and safety
  • Philanthropy
How We Respond To Their Interests
  • Charitable giving
  • Diversity and inclusion initiatives and employee resource groups
  • Employee benefits
  • Environmental sustainability goals
  • Safety program and goals
Ongoing Results Of Engagement
  • Community support and retiree engagement and involvement
  • Improved safety
  • Increased employee engagement and retention

Customers

How Hormel Foods Engages
  • Conferences (ongoing)
  • Facility and farm tours (ongoing)
  • One-on-one meetings (ongoing)
  • Questionnaires (ongoing)
  • Sales meetings (ongoing)
Stakeholder Interests
  • Animal welfare and antibiotics
  • Environmental sustainability
  • Food access and affordability
  • Food safety and quality
  • Responsible marketing
  • Responsible sourcing and supply chain management
How We Respond To Their Interests
  • Animal welfare standards and antibiotic stewardship efforts
  • Connect customers with internal experts
  • Environmental sustainability goals
  • Integrate customer feedback into product development
  • Respond to questionnaires and inquiries
  • Robust food safety program and training
Ongoing Results Of Engagement
  • Demonstration of our best practices
  • Development of customer relationships
  • Identification of risks and opportunities
  • Increased understanding of the business and practices

Suppliers

How Hormel Foods Engages
  • One-on-one meetings (ongoing)
  • Supplier site audits (ongoing)
  • Supplier site tours (ongoing)
  • Supplier Quality Management System (ongoing)
Stakeholder Interests
  • Animal welfare and antibiotics
  • Farmer livelihoods
  • Responsible sourcing and supply chain management
  • Sustainable agriculture
How We Respond To Their Interests
  • Animal welfare standards and antibiotic stewardship efforts
  • Participate in ongoing dialogue
  • Recognize top suppliers through annual awards
  • Requirements outlined in our Supplier Responsibility Principles
Ongoing Results Of Engagement
  • Increased accountability
  • Improvement of supplier relationships
  • Improvement of supply base
  • Improvement of quality from suppliers

Investors/Analysts

How Hormel Foods Engages
  • One-on-one meetings (ongoing)
  • Rankings/questionnaires (annually)
Stakeholder Interests
  • Animal welfare and antibiotics
  • Environmental sustainability
  • Human rights
  • Sustainable agriculture
  • Sustainability governance
How We Respond To Their Interests
  • Animal welfare standards and antibiotic stewardship efforts
  • Development of company policies
  • Environmental sustainability goals
  • Respond to questionnaires/inquiries
  • Verify data from analysts compiling rankings and indices
Ongoing Results Of Engagement
  • Benchmark data
  • Correct information

Consumers

How Hormel Foods Engages
  • Consumer hotline (daily)
  • Consumer research (ongoing)
  • Social media (daily)
  • Websites (daily)
Stakeholder Interests
  • Animal welfare and antibiotics
  • Consumer education and information
  • Consumer health and safety
  • Environmental sustainability
  • Food access and affordability
  • Food safety and quality
  • GMOs
  • Health, nutrition and wellness
How We Respond To Their Interests
  • Animal welfare standards and antibiotic stewardship efforts
  • Answer questions through hotline and social media channels
  • Environmental sustainability goals
  • Promote more proactive information and take suggestions
  • Robust food safety program and training
  • Sodium reduction efforts
  • Use insights for new product development
Ongoing Results Of Engagement
  • Better understanding of our consumers’ concerns and interests to help provide the best products on the market
  • Correct information
  • Helpful suggestions for how to improve our business/products
  • Improved consumer loyalty

Government

How Hormel Foods Engages
  • Engagement in associations and subcommittees (ongoing)
  • Hormel Foods Political Action Committee (ongoing)
  • One-on-one meetings with members of Congress and regulatory agencies (ongoing)
  • Public forums via panels (ongoing)
  • Plant tours for elected officials (ongoing)
  • Reports and regulatory filings (ongoing)
Stakeholder Interests
  • Animal welfare and antibiotics
  • Community impacts
  • Environmental sustainability
  • Food safety and quality
  • Lobbying disclosure and political contributions
How We Respond To Their Interests
  • Animal welfare standards and antibiotic stewardship efforts
  • Engage in ongoing dialogue about these issues
  • Environmental sustainability goals
  • Robust food safety program and training
  • Updates to management about key issues
Ongoing Results Of Engagement
  • Better understanding of our practices and processes
  • Communication of our culture, commitment to communities and the impact we have on the industry and in communities
  • Positive business policies

Nongovernmental Organizations

How Hormel Foods Engages
  • Meetings (ongoing)
  • Response to questions/concerns (ongoing)
Stakeholder Interests
  • Animal welfare and antibiotics
  • Business ethics
  • Community impacts
  • Distribution of profits
  • Environmental sustainability
  • Food relief
  • Health, nutrition and wellness
  • Human rights
  • Lobbying disclosure and political contributions
  • Philanthropy
  • Responsible sourcing and supply chain management
  • Stakeholder engagement
  • Sustainable agriculture
  • Sustainability governance
  • Transparency and reporting
How We Respond To Their Interests
  • Animal welfare standards and antibiotic stewardship efforts
  • Charitable giving
  • Consider topics raised in our reporting and operating practices
  • Developed formal hunger and community giving strategy
  • Developed Project SPAMMY® hunger-relief program
  • Development of company policies
  • Environmental sustainability goals
  • Maintain ongoing dialogue to incorporate a variety of changes to business practices and explain business practices
  • Reporting
Ongoing Results Of Engagement
  • Identification of risks to the business or larger issues in the industry
  • Improved two-way conversation about the industry and business practices

Communities

How Hormel Foods Engages
  • Charitable giving (ongoing)
  • Community events (ongoing)
  • Local media relations (ongoing)
  • Representation and participation in community organizations (ongoing)
  • Sponsorships (ongoing)
  • Volunteer efforts (ongoing)
Stakeholder Interests
  • Community impacts
  • Distribution of profits
  • Environmental sustainability
  • Employee recruitment and retention
  • Food relief
  • Philanthropy
  • Sustainable agriculture
How We Respond To Their Interests
  • Charitable giving
  • Consider topics raised in our reporting and operating practices
  • Developed formal hunger and community giving strategy
  • Developed Project SPAMMY® hunger-relief program
  • Environmental sustainability goals
  • Hold meetings to discuss local concerns
  • Invest in community infrastructure
Ongoing Results Of Engagement
  • Employee engagement
  • Large number of community groups engaged
  • Positive community relations
  • Positive corporate reputation