Global Impact Report

Overview

The report covers Hormel Foods' fiscal 2023 Global Impact performance and its 20 By 30 Challenge. It reports SBTi-approved 2030 targets for a 50% absolute Scope 1 and 2 reduction and a 27.5% absolute Scope 3 reduction from a 2019 baseline. Reported 2023 performance includes 625,338 metric tons of Scope 1 emissions, 12,607,250 gigajoules of total energy use, and 39,172 tons of solid waste. The company also reports $12.5 million in cash and in-kind donations and 9.2 million individual meals donated.

Document

Report type: Sustainability Report
Class: Dedicated
Scope: Full report
Fiscal year: 2023
Period: 31 October 2022 – 29 October 2023
Language: English
Pages
File size
Restatement: Disclosed

Standards

GRI
SASB
TCFD
ISSB
ESRS
Integrated Reporting Framework
GHG Protocol
EU Taxonomy
CDP
Other

Commitments

UN Global Compact
UN Guiding Principles
Science Based Targets initiative

Materiality

Assessment
Basis

Assurance

Statement included

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