Hormel Foods Recognized as Top U.S. Corporate Citizen
AUSTIN, Minn. | March 18, 2009
Hormel Foods (NYSE: HRL) today announced the company’s recognition on the 10th annual 100 Best Corporate Citizens in the U.S. List compiled by Corporate Responsibility Officer (CRO) magazine. Hormel Foods was ranked 40th on the list. This is the first year Hormel Foods was recognized by CRO magazine.
The annual CRO ranking is the most recognized ranking of Russell 1,000® Index companies and is based on publicly available data. Seven key areas — environment, climate change, human rights, philanthropy, employee relations, financial and governance — are used to rank each company’s performance.
"In tough times, strong reputations and transparency pack as much punch as a strong balance sheet," said Jay Whitehead, CRO publisher. "In today's deep recession, human capital and financial capital seek safety, and companies on the 100 Best List are today’s safest harbors."
Hormel Foods’ Corporate Responsibility (CR) report publicly discloses information about many of the seven key areas used for the CRO ranking. This report was awarded top honors in the Sustainability/Corporate Social Responsibility (CSR) Report category at the PR News Awards on Feb. 26.
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About Hormel Foods
Hormel Foods Corporation, based in Austin, Minn., is a multinational manufacturer and marketer of consumer-branded food and meat products, many of which are among the best known and trusted in the food industry. The company leverages its extensive expertise, innovation and high competencies in pork and turkey processing and marketing to bring quality, value-added brands to the global marketplace. The company is a member of the Standard & Poor's 500 Index, and in each of the past ten years, Hormel Foods was named one of “The 400 Best Big Companies in America” by Forbes magazine. The company enjoys a strong reputation among consumers, retail grocers, foodservice and industrial customers for products highly regarded for quality, taste, nutrition, convenience and value. For more information, visit www.hormelfoods.com
CRO Magazine, TheCRO.com, the CRO Summits and CRO Association have evolved into the leading voices of the Corporate Responsibility professions, following the 2006 acquisition of Business Ethics magazine, which originated the 100 Best Corporate Citizens List®. CRO’s mission is to enhance the standing and practice levels of the Corporate Responsibility professions — including governance, risk, compliance, sustainability, Environmental Health & Safety, CSR, philanthropy and HR. More information on the 100 Best Corporate Citizens List®, CRO and the CRO Association can be found at www.thecro.com
Awards & Recognition,