Hormel recognized for green practices

Published 10:14 am Tuesday, April 24, 2012

Hormel Foods Corp. has again been recognized as a company that adapts to climate change.

Hormel announced today it has moved up two spots to No. 124 on the Maplecroft Climate Innovation Indexes benchmark, which is part of the Maplecroft Climate Innovation indexes.

According to the organization, the Maplecroft CII is the single most exhaustive study of the top 360 U.S.-based multinational companies and how they manage and adapt to climate change, with a special focus on innovation.

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Examples of the corporate responsibility initiatives at Hormel include:

—The organizational learning strategy at Hormel Foods, which encourages and facilitates the flow and exchange of ideas throughout the company; and

—A management strategy that prepares the company for risks and opportunities resulting from potential regulatory changes.

The Maplecroft CII considers U.S. stocks with a free-float market capitalization of more than $1 billion, and each company is rated against more than 100 performance-based criteria, including technological innovation and new practices to combat climate change impacts; management of climate-related issues; adaptation to physical climate-related risks; and the reduction of greenhouse gas emissions.

Hormel Foods has achieved several sustainability milestones in the past year, including its second year in a row on the Dow Jones Sustainability World Index and moving up 11 spots to No. 19 on Corporate Responsibility Magazine’s 100 Best Corporate Citizens list.