Conflict Minerals
None of our products contain conflict minerals. However, we have met with our key packaging suppliers, who are complying with the SEC Rule on Conflict Minerals, and have teams in place to continually review their due diligence processes.
Hormel Foods understands the issues associated with conflict minerals that originate in the Democratic Republic of the Congo or an adjoining country. That’s another reason why we work with suppliers that share our values and support our Supplier Code of Conduct. These principles outline our expectations for our suppliers within specific areas of corporate responsibility, such as human rights and safe work environment standards.
Circular Economy
In 2024, Hormel Foods will issue a report that will identify opportunities to develop further internal policies and goals for a circular economy. The report will take into account the company’s current efforts to promote a circular economy for its packaging and the potential to increase efforts, including through the following opportunities:
- Increased packaging recyclability;
- Support of organizations who share the overall mission to use reusable packaging in compliance with applicable regulations; and
- Development of further internal policies and goals, which may include financial and non-financial support to organizations who share the overall mission to improve the circular economy.
Additionally, Hormel Foods will create a company-led circular economy working group made up of internal and external experts. The working group will meet regularly to assist with continued progress, including support of improvements to circular economy policies at the regional, national, and/or global level. The company will also participate in industry groups that align with these efforts. Progress will be published annual in the company’s Global Impact Report.
