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Stakeholder Feedback

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Communities where manufacturing facilities are located, and international communities suffering from malnutrition
Employees (current, prospective, and retired)
Stakeholder
interests
  • Company information
  • Strategic vision, employee and retiree benefits
  • Compensation
  • Diversity
  • Employee safety
  • Community outreach
  • Food safety
  • Healthy food
  • Innovation
  • Food prices
  • Animal care
  • Standards required to remain/become a supplier of Hormel Foods
  • New product development
  • Food prices
  • Commodity costs
  • Code of ethics
  • Governance
  • Environmental impact
  • Food safety
  • Healthy food
  • Food prices
  • Commodity costs
  • Animal care
  • Food safety
  • Local community concerns
  • Regulatory climate
  • Hunger relief in local communities where we have operations
  • Animal care
  • Water
  • Standards for suppliers
  • Human rights
  • Food deserts
  • Cost of rising food prices
  • Global food system
  • Food safety
  • Community involvement
  • Philanthropy
  • Environmental impact from operations
How we respond to
their interests
  • Include benefits information in materials for employees and in the CR Report
  • Measure and include safety and demographic data in the CR Report
  • Hold annual Road Show meetings to help communicate the vision to employees at all levels
  • Integrate customer feedback into product development
  • Provide relevant information through quarterly Responsibility Post newsletters
  • Respond to questionnaires
  • Connect customers with internal experts
  • Created Supplier Responsibility Principles
  • Recognize top suppliers through annual awards
  • Participate in ongoing dialogue
  • Respond to multiple questionnaires or verification of data from analysts compiling rankings and indices
  • Answer questions through hotline, Twitter handles
  • Provide more proactive information and take suggestions through Twitter handles
  • Updates to management on key issues
  • Engage in ongoing dialogues on these issues
  • Developed more formal hunger and community giving strategy
  • Provide resources to plant managers to give to local hunger-relief efforts
  • Engage in social media to support partners
  • Consider topics raised in our reporting and operating practices
  • Maintain ongoing dialogue to incorporate a variety of changes to business practices and explain business practices
  • Hold meetings to discuss local concerns
  • Invest in community infrastructure
  • Discuss food safety and health and nutrition during trips to Guatemala
  • Developed product to help address malnutrition in children internationally
Ongoing results of
engagement
  • Improved safety
  • Increased employee retention, engagement
  • Improved communication of company vision and motivated employees
  • Community support and retiree engagement/involvement
  • Increased understanding of the business and practices
  • Demonstration of our best practices
  • Identification of risks and opportunities
  • Development of retailer relationship
  • Improvement of quality from suppliers
  • More accountability for suppliers
  • Improvement of supplier relations
  • Improvement of supply base
  • Correct information
  • Benchmark data
  • Improved consumer loyalty
  • Correction of misinformation
  • Helpful suggestions for how to improve our business
  • Better understanding of our consumers’ concerns and likes to help provide the best products on the market
  • Better understanding of our practices and processes
  • Communication of our culture, commitment to community and impact we have on the industry and in communities
  • Positive business policies
  • Formal hunger strategy
  • Employee engagement
  • Community involvement
  • Relationship building in communities
  • Improved two-way conversation about industry and business practices
  • Identification of risks to the business or larger issues in the industry
  • Relationship building in communities
  • Employee engagement
  • Positive corporate reputation
  • Larger number of community groups engaged

Global Forum In addition, Hormel Foods participates in an advisory group commenting on a Global Social Compliance Programme (GSCP) from The Consumer Goods Forum. Through the GSCP, our company and our fellow members have the opportunity to leverage our efforts to increase the impact of our responsible sourcing programs, achieve greater scale and advance the industry as a whole, boosting supplier and factory/farm development across the board. We decided to actively engage in the development of its framework and contribute to building the GSCP reference tools and processes. Their fundamental aim is to provide a common interpretation of working and environmental requirements across geographies and sectors.