Hormel Foods Corporation has earned another in a streak of impressive accolades from Corporate Responsibility Magazine (CR Magazine). The protein provider has been named to CR Magazine’s 20th annual 100 Best Corporate Citizens ranking, earning its 11th straight acknowledgement for outstanding environmental, social and governance (ESG) transparency, and performance among the 1,000 largest U.S. public companies.
“We are extremely proud of our journey to make the world a better place and are proud to be recognized for the 11th consecutive year as an outstanding corporate citizen,” said Jim Snee, Chairman of the Board, President, and Chief Executive Officer of Hormel Foods, in a press release. “This is the 10th time our company has been ranked on the top half of the list and is a true testament to the ongoing commitment of all of our team members to continue to create social value while also creating economic value.”
This year Hormel took 37th on the list—a list based on 134 updated corporate disclosure and performance factors in seven categories including: climate change, employee relations, environment, finance, governance, human rights, and stakeholders and society.
“CR Magazine is proud to celebrate 20 years of advancing ESG transparency and performance through the 100 Best Corporate Citizens,” said Dave Armon, CEO of 3BL Media, which publishes CR Magazine. “Each year, we measure the increasingly competitive progress of brands on ESG topics. Transparency and public commitments make corporate responsibility and sustainability programs stronger. We congratulate those honored on this year's ranking for their commitment to the triple bottom line.”
According to Hormel’s press release, CR Magazine’s 100 Best Corporate Citizens List ranks the Russell 1000 Index and research is conducted by ISS-ESG, the responsible investment research arm of Institutional Shareholder Services. There is no fee for companies to be assessed. To compile this ranking, information is obtained from publicly available resources only, rather than questionnaires or company submissions. Companies also have the option to verify data collected for the ranking at no cost.
Hormel noted that the company continues to earn accolades and achieve recognition for its various efforts. Recent recognition includes: being named a Best for Vets Employer by Military Times, receiving the Global Impact Award from Convoy of Hope for the company's hunger-relief efforts, being named one of the World's Best Employers by Forbes, and being ranked No. 7 in the consumer foods product category on Fortune's list of the World's Most Admired Companies.
To learn more, visit Hormel's corporate responsibility website, here.
We at Deli Market News congratulate Hormel on their acknowledgement and efforts. For more dairy, deli, bakery, and specialty food news, keep reading Deli Market News.