Corporate Responsibility Magazine (CR Magazine) has named Hormel Foods Corporation to its 20th annual 100 Best Corporate Citizens ranking, recognizing outstanding environmental, social and governance (ESG) transparency and performance among the 1,000 largest U.S. public companies.
"We are extremely proud of our journey to make the world a better place and are proud to be recognized for the 11th consecutive year as an outstanding corporate citizen," said Jim Snee, chairman of the board, president and chief executive officer of Hormel Foods. "This is the 10th time our company has been ranked on the top half of the list and is a true testament to the ongoing commitment of all of our team members to continue to create social value while also creating economic value."
Hormel Foods was ranked No. 37 on the list, which was based on 134 updated corporate disclosure and performance factors in seven categories: climate change, employee relations, environment, finance, governance, human rights and stakeholders and society.
The 100 Best Corporate Citizens List ranks the Russell 1000 Index and research is conducted by ISS-ESG, the responsible investment research arm of Institutional Shareholder Services. There is no fee for companies to be assessed. To compile this ranking, information is obtained from publicly available resources only, rather than questionnaires or company submissions. Companies also have the option to verify data collected for the ranking at no cost.
"CR Magazine is proud to celebrate 20 years of advancing ESG transparency and performance through the 100 Best Corporate Citizens," said Dave Armon, CEO of 3BL Media, which publishes CR Magazine. "Each year, we measure the increasingly competitive progress of brands on ESG topics. Transparency and public commitments make corporate responsibility and sustainability programs stronger. We congratulate those honored on this year's ranking for their commitment to the triple bottom line."
Hormel Foods continues to be recognized by third-party organizations for its efforts. Recent recognition includes: being named a Best for Vets Employer by Military Times, receiving the Global Impact Award from Convoy of Hope for the company's hunger-relief efforts, being named one of the World's Best Employers by Forbes and being ranked No. 7 in the consumer foods product category on Fortune's list of the World's Most Admired Companies, among many others.
Additional information about the company's achievements can be found in the company's annual corporate responsibility report. The complete 100 Best Corporate Citizens of 2019 ranking can be found at www.triplepundit.com.