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Hormel Foods Releases 2014 Corporate Responsibility Report

2014 CR Report
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June 4, 2015

Austin, Minn.

Hormel Foods Corporation (NYSE: HRL) today announced it surpassed its goal to reduce solid waste 10 percent by 2020 six years early, with the release of its 2014 Hormel Foods Corporate Responsibility Report.

The report is available online at www.hormelfoods.com/csr and includes information related to the company’s sustainability performance in 2014. Highlights include:

• Surpassing the solid waste goal by 20 percent (originally set to reduce solid waste to landfills by 3,500 tons by 2020). In 2014 alone, the company’s operations implemented projects that reduced the amount of solid waste sent to landfills by 1,500 tons. The company plans to reevaluate and establish a new goal related to solid waste and will report the goal/progress in next year’s report.

• Awarding the first international winner of the Hormel Foods 2014 Sustainability Best of the Best competition to the Beijing Project Blue Sky team at the Beijing HFC Plant (Beijing, China) for their achievements in reducing greenhouse gas emissions.

• Implementing projects that have documented significant resource savings:
o Reduced more than 2,500 metric tons of greenhouse gas (GHG) emissions from domestic manufacturing operations (32 percent of goal when combined with previous progress).
o Reduced energy use by 17,400 MMBtu (45 percent of goal when combined with previous progress).
o Reduced water use by 0.082 billion gallons (67 percent of goal when combined with previous progress).
o Reduced product packaging by 8.27 million pounds (68 percent of goal when combined with previous progress).

• Donating 2.5 million cans of SPAMMY® shelf-stable poultry product to help malnourished children in Guatemala, and $6.8 million in hunger donations, including products donated to food banks and disaster relief.

“Our achievements in 2014 illustrate the dedication we have to being a responsible food manufacturer,” said Jeffrey M. Ettinger, chairman of the board, president and chief executive officer of Hormel Foods. “Achieving our solid waste goal six years earlier than expected shows how committed our people are to not only reaching, but exceeding our sustainability goals. Additionally, we understand the positive impact we have on our communities and are pleased that we were able to donate more than $9.1 million in cash and products to help address hunger. Our journey to sustainability is never ending and we will continue to operate responsibly. It’s ‘Our Way’ of doing business.”

In addition to this report, Hormel Foods will showcase the different focus areas of its corporate responsibility program through the “Our Way” video series, to be released periodically throughout the year.

Additionally, Hormel Foods will be hosting a Twitter Chat with Triple Pundit following the launch of the report on Friday, June 5 at 1 p.m. CT (2 p.m. ET) at #Hormel3pChat. This Twitter Chat will focus on how Hormel Foods is meeting sustainability goals through employee engagement.

This is the ninth corporate responsibility report for Hormel Foods, and the first report for the company that follows the new Global Reporting Initiative (GRI) G4 guidelines “in accordance” with the core option, with the Content Index verified as being accurate and aligned by GRI.

The Hormel Foods 2014 Corporate Responsibility Report is designed to allow stakeholders to easily view top-line highlights through the interactive online version and downloadable PDF. Readers are encouraged to provide any feedback about the report or corporate responsibility at Hormel Foods by emailing sustainability@hormel.com.

Hormel Foods will continue to report on its environmental and social performance annually. The company’s next report will be released in June 2016 for data spanning from November 2014 to October 2015.

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 branded, value-added products to the global marketplace. The company is a member of the Standard & Poor’s (S&P) 500 Index, S&P 500 Dividend Aristocrats for 2014, was named the 2013 Sustainable Supply Chain of the Year by Refrigerated & Frozen Foods magazine, and was again named one of “The 100 Best Corporate Citizens” by Corporate Responsibility Magazine for the seventh year in a row. Hormel Foods was also recognized as a 2015 Military Friendly Employer by G.I. Jobs magazine, on the 2015 Best for Vets Employers List by Military Times, and was named one of the 2015 40 Best Companies for Leaders by Chief Executive 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 http://www.hormelfoods.com.