Our 20 By 30 Challenge

As part of Our Food Journey™, we’re committed to continuous improvement. We have set 20 qualitative and quantitative goals to achieve by the end of 2030 to make the world a better place. Hormel Foods has been named one of America’s Most Responsible Companies by Newsweek magazine for three consecutive years, and one of the 100 Best Corporate Citizens by 3BL Media 13 times.

In continuing with our corporate responsibility leadership, we will strive to achieve 20 corporate responsibility goals by 2030 and will report on our progress annually. Our new goals follow our previous set of sustainability goals in which we achieved significant reductions in our packaging, nonrenewable energy use, greenhouse gas (GHG) emissions, water use and solid waste sent to landfills. We developed our new goals based on our robust key topics assessment process that identifies and prioritizes the topics most relevant to our business and our stakeholders. In addition to this process, we aimed to set goals that helped support the UN Sustainable Development Goals.

We’ve established the following 20 qualitative and quantitative goals & commitments for 2030.

1-3 Products

Supports the UN Sustainable Development Goals 2, 3 & 12.

1

Continue to offer high-quality, safe, affordable and convenient products that meet a wide range of consumer preferences and needs.
2

Continue our clean-label initiative and efforts to reduce added sugars and sodium in our products, and increase desirable ingredients to nourish a diverse population.
3

Achieve 15% of sales from new products each year.*

*Based on net sales for new items launched within the previous three years and the projected sales for items scheduled to launch in the next two years, divided by total reported sales for the year.

4-6 Supply Chain

Supports the UN Sustainable Development Goals 3, 8, 10 & 12.

4

Maintain high standards for animal care and handling throughout our supply chain.
5

Advance our antibiotic stewardship efforts and pilot an antibiotic use measurement and reporting system.
6

Continue to increase our purchasing spend annually with small and diverse businesses.

7-13 Environment

In addition to the environmental sustainability goals listed below, each year we aim to achieve a 1% reduction in GHG emissions, energy use and solid waste sent to landfills, and a 2% reduction in water use. We also aim to achieve annual efficiency gains of 1% in energy and water use.

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Supports the UN Sustainable Development Goals 6, 7, 12 & 13.

7

Match 100% of our energy with renewable sourcing.
8

Demonstrate climate leadership by establishing a science-based target (SBT) for the reduction of GHG emissions by 2023.
9

Advance our water stewardship efforts through initiatives in our top six priority watersheds.
10

Reduce organic waste discharge from our manufacturing facilities by 10% to decrease energy use and GHG emissions, and improve water quality.
11

Support regenerative agriculture initiatives.
12

Focus on packaging sustainability efforts through research, innovation, on-package communications and optimizing package weight and shipping efficiencies.
13

Work toward zero food waste.

14-18 People

Supports the UN Sustainable Development Goals 4, 5, 8 & 10.

14

Promote and protect human rights within our operations and our supply chain.
15

Provide the opportunity of a free two-year college education for all of our team members’ dependent high school graduates.
16

Foster a sense of belonging for everyone, where people feel respected and valued by empowering them with opportunities, equitable treatment and a voice to make Hormel Foods better for all. In addition, our goal is to increase the number of women in salaried roles by 25% and the number of underrepresented racial and ethnic minorities in salaried roles by 25% by 2025.
17

Provide a safe workplace for all team members and reduce our injury rates each year.
18

Invest in our team members by providing an average of at least 25 hours of training per team member annually.

19-20 Community

Supports the UN Sustainable Development Goals 2 & 10.

19

Provide the equivalent of 70 million meals to those in need through cash and product donations.**

**Using the Feeding America estimates of $1 donated = 10 meals and 1.2 pounds donated = one meal.
20

Create a food secure community program and share blueprint and findings globally.

We’ve established the following 20 qualitative and quantitative goals & commitments for 2030.

1-3 Products

1

Continue to offer high-quality, safe, affordable and convenient products that meet a wide range of consumer preferences and needs.

2

Continue our clean-label initiative and efforts to reduce added sugars and sodium in our products, and increase desirable ingredients to nourish a diverse population.

3

Achieve 15% of sales from new products each year.*

4-6 Supply Chain

4

Maintain high standards for animal care and handling throughout our supply chain.

5

Advance our antibiotic stewardship efforts and pilot an antibiotic use measurement and reporting system.

6

Continue to increase our purchasing spend annually with small and diverse businesses.

7-13 Environment

7

Match 100% of our energy with renewable sourcing.

8

Demonstrate climate leadership by establishing a science-based target (SBT) for the reduction of GHG emissions by 2023.

9

Advance our water stewardship efforts through initiatives in our top six priority watersheds.

10

Reduce organic waste discharge from our manufacturing facilities by 10% to decrease energy use and GHG emissions, and improve water quality.

11

Support regenerative agriculture initiatives.

12

Focus on packaging sustainability efforts through research, innovation, on-package communications and optimizing package weight and shipping efficiencies.

13

Work toward zero food waste.

14-18 People

14

Promote and protect human rights within our operations and our supply chain.

15

Provide the opportunity of a free two-year college education for all of our team members’ dependent high school graduates.

16

17

Provide a safe workplace for all team members and reduce our injury rates each year.

18

Invest in our team members by providing an average of at least 25 hours of training per team member annually.

19-20 Community

19

Provide the equivalent of 70 million meals to those in need through cash and product donations.**

20

Create a food secure community program and share blueprint and findings globally.