Hormel Foods named a Sustainable Performance Leader
October 6, 2010
by Meat&Poultry Staff
AUSTIN, Minn. — Hormel Foods Corporation is included in the Global 1000 Sustainable Performance Leaders ranking for 2009 by CRD Analytics and published by Justmeans, an organization dedicated to helping companies engage with stakeholders on issues of social responsibility.
Companies are ranked by sustainable performance value, the calculated average of publically available information about financial, environmental, social and governance performance indicators, which include the Global Reporting Initiative’s G3 Guidelines for reporting. Ranked 339 overall, Hormel received the seventh-highest score worldwide among companies in the food-products industry and the third-highest score among US-based companies in this group.
Companies included in this ranking must be publicly traded on a major global exchange and have a minimum market capitalization of $1 billion as of Dec. 31, 2009. Contenders must also have published a publicly available sustainability or corporate responsibility report with full-year environmental, social, governance data for their 2008 calendar year before Oct. 31, 2009.
All derived values, scores and ranks were provided by CRD Analytics and powered by SmartView 360. The underlying data was aided by information provided by Thomson Reuters & Asset4.
Hormel Foods has achieved several sustainability milestones in 2010 – its recent addition to the Dow Jones Sustainability World Index and the LEED Gold certification of its Progressive Processing LLC production facility in Dubuque, Iowa.