As many in the world are calling for a carbon-neutral economy, Hormel Foods is preparing to join thousands of other businesses and financial institutions working with the Science Based Targets initiative (SBTi) to reduce emissions in line with climate science. As part of our 20 By 30 Challenge, it is our goal to demonstrate climate leadership by establishing a science-based target for the reduction of GHG emissions by 2023. In 2021, we worked on our Scope 3 GHG emissions analysis in preparation for submitting our preliminary goal to the SBTi for approval in 2022. We are pleased to report that we are on track to have an approved science-based target by 2023.