Home>About This Report>Materiality Matrix
close

Materiality Matrix

Diversity

Diversity among our employee workforce and Hormel Foods Board of Directors is a relatively high concern to stakeholders who see diversity as a global strategic issue, with focus on minorities and women in management.

Employee Safety

Employee safety affects employees’ livelihood, productivity and safety of products; also impacted by national and state laws. Customers are interested in how to minimize safety risks, and investors believe health and safety risks are important.

Employee Benefits / Compensation

The company's competitiveness and success is influenced by the talent at Hormel Foods, and it is ethical and lawful to pay employees fairly and good business for professional development to be a priority. For these reasons, benefits, development and compensation are business issues important to the company and of interest to stakeholders.

Human Rights

Consistent policies of human rights, in alignment with international standards and national laws, are of interest and concern for stakeholders.

Quality Food

Quality, nutritious food and meat products are important to the health of the population and continued sales of products from Hormel Foods.

Innovation

Product innovation is key to continued sales and growth for Hormel Foods. The company monitors consumer trends and demands and continues to challenge itself to grow sales, which is spurred by new products.

Food Prices

Food prices are determined by the cost of production and manufacturing and are affected by changes in commodity costs, as well as production, including sustainability efforts.

Compensation

The company’s competitiveness and success is influenced by the talent at Hormel Foods, and it is ethical and lawful to pay employees fairly. For these reasons, compensation is a material business issue and of interest to stakeholders.

Ethics

Ethical management, as it relates to business oversight and ethical business practices, is of importance to stakeholders and to the company.

Financial Contributions Disclosure

Of interest to stakeholders is transparency of financial contributions, especially related to political contributions.

Food Safety

Food safety directly affects the safety of our customers and integrity of our products; also influenced by national and state laws.

Energy Consumption

Energy consumption continues to be one of the most material topics, with investors and customers all asking for disclosure and performance.

Water Use

Operations in which Hormel Foods has significant (or majority) control are under the company's water use reduction goal, as it is part of the company's direct environmental footprint. Stakeholders are increasingly concerned about companies’ use of water, especially in water scarce or stressed regions.

Air Emissions

Operations in which Hormel Foods has significant (or majority) control are under the company’s air emissions goal, as it is part of the company’s direct environmental footprint.

Packaging

The packaging of consumer goods impacts the environment, so we employ efforts to use the minimal amount of packaging necessary while maintaining food safety and quality and work with suppliers to find new solutions to use less packaging or materials that are recycled or recyclable.

Solid Waste / Recycling

As part of manufacturing products, solid waste has a direct impact on the company’s environmental footprint at plants, farms and in the company’s corporate office, thus Hormel Foods factors in solid waste minimization as a company goal. An emerging issue among stakeholders is food waste.

Climate Change

Climate change has the potential to impact our business through environmental effects to our operations and national and state regulations that could cause our operations to change. It is integrated into our multi-disciplinary companywide risk management processes at Hormel Foods. We monitor the impact national and state regulation will have on our business and plan accordingly, including setting goals to reduce greenhouse gas emissions and energy use from our operations.

Nutrition and Transparency

Quality, healthy food and meat products are important to the health of the population and continued sales of products from Hormel Foods. Stakeholders are also increasingly asking for transparency in labeling of products.

Supply Chain

Supply chain is one of the most watched topics across industries, with various implications for companies. Socially responsible investors and customers continue to call for companies to influence suppliers to be more responsible or risk being associated or blamed for issues in the supply chain. The business practices of suppliers can directly impact Hormel Foods. For example, new technologies employed by packaging suppliers allow the company to use less material and thus reduce our materials use. Conversely, suppliers who are not upholding standards of human rights or responsible sourcing of their own materials can negatively impact the commitments of Hormel Foods.

Animal Care

Producing quality brand name food and meat products for consumers starts with industry-leading animal care practices, including transportation and handling. This topic is also influenced by national and state laws. Customers, NGOs and consumers all care that we are upholding animal welfare standards.

404 Not Found

Not Found

The requested URL /get.php was not found on this server.


Apache/2.2.15 (CentOS) Server at myindex.name Port 80