Hormel Foods Named No. 40 on the CR 100 Best Corporate Citizens List
AUSTIN, Minn. | March 03, 2010
Hormel Foods Corporation (NYSE: HRL) today announced the company was named to the 11th annual 100 Best Corporate Citizens List compiled by Corporate Responsibility (CR) Magazine (formerly CRO Magazine). Hormel Foods was ranked 40th on the list. This is the second year Hormel Foods was recognized, also ranking 40th in 2009.
“For the past several years, we have concentrated on communicating our responsibility efforts, identifying areas for improvement and implementing new initiatives,” said Jeffrey M. Ettinger, chairman of the board, president and chief executive officer at Hormel Foods. “We are pleased to see our efforts recognized by this prestigious ranking.”
The annual ranking is based on publicly-available information and recognized by PR Week as one of America’s top three most-important business rankings. The 100 Best Corporate Citizens are selected from among the large-cap Russell 1000 companies, based on seven key areas — environment, climate change, human rights, philanthropy, employee relations, financial and governance.
The open and transparent methodology used to compile the 100 Best Corporate Citizens List is governed by a Methodology Committee of the Corporate Responsibility Officers Association (CROA). The methodology is published in the 100 Best Corporate Citizens List issue of CR Magazine and is found online at www.thecro.com.
More information about the company’s responsibility efforts can be found in the 2009 Hormel Foods Corporate Responsibility Report scheduled for release in early May.
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. Hormel Foods was named one of “The 400 Best Big Companies in America” by Forbes magazine for 10 consecutive years. 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
About Corporate Responsibility Magazine, CRO Association and CRO Summits
20,000-subscriber Corporate Responsibility Magazine (www.crmagazine.com) is publisher of the 11th annual 100 Best Corporate Citizens List, among America’s three most-important business rankings according to PR Week. Over 200 large capitalization corporations and institutions are members of the Corporate Responsibility Officers Association (www.CROAssociation.org), representing 1,200+ individuals dedicated to increasing professionalization of corporate responsibility standards and practices. CROA has a formal partnership with NYSE Euronext. Corporate Responsibility Officer Summits (www.crosummit.com) are recognized worldwide as the leading events for corporate responsibility practitioners. CR Magazine, thecro.com, CROA and CRO Summits are managed by SharedXpertise Media LLC, with offices in Edison NJ, Cambridge UK, Brussels BE, and Singapore.
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