AUSTIN. Minn. – Corporate Responsibility Magazine (CR Magazine) has recognized Hormel Foods for its outstanding environmental, social and governance (ESG) transparency and performance among the 1,000 largest US public companies in its 20th annual 100 Best Corporate Citizens ranking.
“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 CEO of Hormel Foods. “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.”
CR Magazine bases the list on 134 disclosure and performance factors in seven categories; climate change, employee relations, environment, finance, governance, human rights and stakeholders and society.
The investment research arm of Institutional Shareholder Services, ISS-ESG, conducts the research. ISS-ESG charges no fees to the companies it assesses, and the information compiled comes from publicly available resources only, rather than questionnaires or company submissions. Companies have the option to verify data for the ranking at no cost.
“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.”
Other recent recognitions for Hormel Foods includes 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, among others.