In 2024, Hormel Foods completed a corporate carbon footprint assessment and publicly disclosed its greenhouse gas (GHG) emissions according to the GHG Protocol, covering Scope 1 (direct emissions from owned or controlled sources), Scope 2 (indirect emissions from purchased energy) and Scope 3 (indirect emissions across the value chain).
Hormel Foods has also provided a category-level breakdown for 15 out of 15 Scope 3 emissions categories, offering greater transparency into its value chain emissions.
| Metric (tCO2e) | 2024 | 2023 | 2022 | 2021-2019 |
|---|---|---|---|---|
Total Scope 1 | 527,671a | 625,338b | 635,226b | |
Total Scope 2 | ||||
Market-Based | 27,987a | 40,770b | 22,680b | |
Location-Based | 395,278a | 437,394b | 444,707b | |
Total Scope 3 | 6,119,225a | N/A | N/A | |
Total Scope 1 Revenue Intensity (tCO2e/$M) | 44.2647a | 51.6381b | 50.9861b |
You are welcome to quote or reference individual data points from this page, provided you include the following attribution with a visible, clickable link to this page: "Source: Tracenable, the global reference for ESG data"
Bulk collection, scraping, resale, or redistribution of data across multiple company profiles is not permitted without our prior written permission. For more information, see our General Terms and Conditions.
Every figure on this dashboard has a transparent audit trail. With Tracenable, each data point is traceable back to its original source, viewable directly inside our platform.
In 2024, the total operational greenhouse gas (GHG) emissions of Hormel Foods amounted to 922,949 metric tons of CO2 equivalent. This figure includes both direct emissions from owned or controlled sources (Scope 1) and indirect emissions from purchased energy (Scope 2).a
Compared to 2023, the total operational greenhouse gas (GHG) emissions of Hormel Foods decreased by 13.15%, showing that the company has made progress in taking action to reduce the climate impact of its operations.ab
In 2024, the total Scope 1 emissions of Hormel Foods were 527,671 metric tons of CO₂ equivalent (tCO₂e).a
Since 2019, Hormel Foods's Scope 1 emissions have decreased by 33.48%, reflecting a declining long-term trend in Scope 1 emissions over time.a
Compared to the previous year (2023), Hormel Foods's Scope 1 emissions decreased by 15.62%, highlighting the company's efforts to lower direct emissions from assets it owns or controls.ab
In 2024, Hormel Foods reported Scope 2 greenhouse gas (GHG) emissions of 27,987 tCO₂e using the market-based method and 395,278 tCO₂e using the location-based method.a
Since 2019, Hormel Foods's Scope 2 greenhouse gas (GHG) emissions (Location-Based) have increased by 42.3%, reflecting a rising long-term trend in Scope 2 emissions over time.a
Compared to the previous year (2023), Hormel Foods's Scope 2 emissions (Location-Based) have remained relatively stable, indicating that Hormel Foods's emissions have plateaued with no significant change in its energy consumption footprint.ab
In 2024, Hormel Foods reported its Scope 2 emissions using the market-based method and using the location-based method.a
In 2024, Hormel Foods reported 6,119,225 metric tons of CO₂ equivalent (tCO₂e) of Scope 3 greenhouse gas (GHG) emissions, representing indirect emissions across its upstream and downstream value chain.a
The 2024 disclosure of Hormel Foods includes a breakdown across 11 of the 15 Scope 3 categories defined by the GHG Protocol, up from 0 in 2023, reflecting improved emissions accounting practices and greater transparency across the company's value chaina
In 2024, Hormel Foods reported total Scope 3 emissions of 6,119,225 metric tons of CO₂ equivalent (tCO₂e).a
Approximately 60.03% of these emissions originated from upstream activities such as purchased goods and capital goods, while 39.97% came from downstream activities like product use, distribution, and end-of-life treatment.a
Since 2019, Hormel Foods's Scope 3 emissions have decreased by 50.09%, reflecting a declining long-term trend in Scope 3 emissions over time.a
In 2024, Hormel Foods reported emissions for 11 out of the 15 Scope 3 categories defined by the GHG Protocol.a
This reflects a high level of granularity and transparency in the company's emissions reporting.
In 2024, the largest contributors to Hormel Foods's Scope 3 emissions were:a
In 2024, Hormel Foods reported Scope 1 greenhouse gas (GHG) emissions of 527,671 tCO₂e and total revenues of USD 11,921 millions. This translates into an emissions intensity of 44.26 tCO₂e per millions USD.a
In 2024, Hormel Foods reported a Scope 1 emissions intensity of 44.26 tCO₂e per millions USD. Compared to the peer group median of 37.76, this places the company above its industry benchmark, indicating it is less carbon-efficient than most competitors.a
In 2024, Hormel Foods ranked 18 out of 23 companies in its industry peer group, based on Scope 1 emissions intensity (measured in tCO₂e per millions USD).a
Hormel Foods is therefore positioned in the mid-range of its industry, neither a clear leader nor a laggard in carbon efficiency.a
In 2024, Hormel Foods reported a total carbon footprint of 7,042,174 metric tons of CO₂ equivalent (tCO₂e) across Scope 1, Scope 2, and Scope 3 emissions. This represents a 562.65% increase compared to 2023, suggesting a rise in emissions across its operations or value chain.ab
The largest contributor to Hormel Foods's total carbon footprint was Scope 3 emissions, accounting for 86.89% of the company's total carbon footprint, followed by Scope 1 emissions at 7.49%.a