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Hormel Foods Corp
Hormel Foods's GHG Emissions Data Preview
In 2023, 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) and Scope 2 (indirect emissions from purchased energy).
However, Hormel Foods has not published a category-level breakdown of its Scope 3 emissions, limiting visibility into specific value chain sources.
| Metric (tCO2e) | 2023 | 2022 | 2021 | 2020 - 2017 |
|---|---|---|---|---|
Total Scope 1 | Copy restricted. Please purchase to unlock this data.  a | Copy restricted. Please purchase to unlock this data.  a | Copy restricted. Please purchase to unlock this data.  b | 0000000 |
Total Scope 2 | ||||
Market-Based | Copy restricted. Please purchase to unlock this data.  a | Copy restricted. Please purchase to unlock this data.  a | Copy restricted. Please purchase to unlock this data.  | 0000000 |
Location-Based | Copy restricted. Please purchase to unlock this data.  a | Copy restricted. Please purchase to unlock this data.  a | Copy restricted. Please purchase to unlock this data. | 0000000 |
Total Scope 3 | Copy restricted. Please purchase to unlock this data. | Copy restricted. Please purchase to unlock this data. | Copy restricted. Please purchase to unlock this data.  b | 0000000 |
Total Scope 1 Revenue Intensity (tCO2e/$M) | Copy restricted. Please purchase to unlock this data.  a | Copy restricted. Please purchase to unlock this data.  a | Copy restricted. Please purchase to unlock this data.  b | 0000000 |
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bVerified Sources Behind Hormel Foods’s Greenhouse Gas (GHG) Emissions Data
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. Explore Hormel Foods’s data sources below and access millions more through our Disclosure Search.
Insights into Hormel Foods's Operational Emissions
In 2023, the total operational greenhouse gas (GHG) emissions ofHormel Foods amounted to1,062,732metric 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 2022, the total operational greenhouse gas (GHG) emissions of Hormel Foodsdecreased by 1.59%, showing that the company has made progress in taking action to reduce the climate impact of its operations.a
Hormel Foods's Scope 1 Emissions Over Time
- Total Scope 1
- Year-over-Year Change
What are Hormel Foods's Scope 1 emissions?
In 2023, the total Scope 1 emissions of Hormel Foods were 625,338 metric tons of COâ‚‚ equivalent (tCOâ‚‚e).a
Has Hormel Foods reduced its Scope 1 emissions over time?
Since 2020, Hormel Foods's Scope 1 emissions have decreased by 35.43%, reflecting a declining long-term trend in Scope 1 emissions over time.ac
Compared to the previous year(2022), Hormel Foods's Scope 1 emissions decreased by 1.56%, highlighting the company's efforts to lower direct emissions from assets it owns or controls.a
What are Hormel Foods's Scope 2 emissions?
In 2023, Hormel Foods reported Scope 2 greenhouse gas (GHG) emissions of 40,770 tCOâ‚‚e using the market-based method and 437,394 tCOâ‚‚e using the location-based method.a
Has Hormel Foods reduced its Scope 2 emissions over time?
Since 2020, Hormel Foods's Scope 2 greenhouse gas (GHG) emissions (Location-Based)have decreased by 12.61%, reflecting a declining long-term trend in Scope 2 emissions over time.ac
Compared to the previous year(2022), 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.a
What methodology does Hormel Foods use for Scope 2 reporting?
In 2023, Hormel Foods reported its Scope 2 emissions using the market-based method and using the location-based method.a
Hormel Foods's Scope 2 Emissions Over Time
- Total Scope 2 Location-Based
- Total Scope 2 Market-Based
Insights into Hormel Foods’s GHG Emissions Intensity Compared to Industry Peers
In 2023, Hormel Foods reported Scope 1 greenhouse gas (GHG) emissions of 625,338 tCOâ‚‚e and total revenues of USD 12,110 millions. This translates into an emissions intensity of 51.64 tCOâ‚‚e per millions USD.a
Hormel Foods's Scope 1 Emissions Intensity Compared to Peers
How does Hormel Foods's GHG emissions intensity compare to its peers?
In 2023, Hormel Foods reported a Scope 1 emissions intensity of 51.64 tCOâ‚‚e per millions USD. Compared to the peer group median of 23.73, this places the company above its industry benchmark, indicating it is less carbon-efficient than most competitors.a
Where does Hormel Foods rank on GHG emissions intensity within its industry?
In 2023, Hormel Foods ranked 20 out of 24 companies in its industry peer group, based on Scope 1 emissions intensity (measured in tCOâ‚‚e per millions USD).a
This places Hormel Foods among the least efficient performers, with one of the highest emissions intensities in its sector.a