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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Verified Sources Behind Hormel Foods’s Greenhouse Gas (GHG) Emissions Data
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Insights into Hormel Foods's Operational Emissions
In 2023, the total operational greenhouse gas (GHG) emissions of Hormel Foods amounted to 1,062,732 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 2022, the total operational greenhouse gas (GHG) emissions of Hormel Foods decreased 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 CO₂ equivalent (tCO₂e). 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. a c
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 tCO₂e using the market-based method and 437,394 tCO₂e 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. a c
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