Hormel

Packaged Foods & Meats
HRL
$ 31 (0.23)%
Share price
$ 17 bn
Market Cap
$ 20 bn
Enterprise Value

Carbon footprint

37 Ton
GHG emissions per $ 1 mln investment
1.1x the weighted average for S&P 500
FY2020
How is this calculated?
-4.2%
YOY change in GHG emissions
Weaker than the -11% weighted average for S&P 500
FY2020 vs. previous year

Primary Climate Goal

This company has not set a company-wide target for an absolute reduction in GHG emissions yet

but has a science based goal that does not target absolute reductions but is still aligned with Paris Agreement according to SBTi

GHG emissions and Carbon intensity

Hormel's GHG emissions (location-based) (Kt of CO2e)
Hormel's Carbon intensity (Tons per 1 USDm)

Hormel's carbon footprint

Hormel reported Total CO2e Emissions - Location-Based Scope 1 + Scope 2 for the twelve months ending 30 September 2020 at 731 Kt (-32 /-4.2% y-o-y). Also positively, carbon intensity declined to 76 t (-4.2 /-5.2% y-o-y).

No public disclosure of Scope 3 emissions has been found for Hormel at the moment.

The company has not set a company-wide target for an absolute reduction in GHG emissions yet.

Hormel also has a science-based goal that, however, does not appear to explicitly target a company-wide reduction in emissions in absolute terms. Hormel Foods Corporation commits to reduce absolute scope 1 and 2 GHG emissions 50% by 2030 from a 2019 base year. Hormel Foods Corporation also commits to reduce absolute scope 3 GHG emissions 27.5% within the same timeframe.

Company environmental metrics

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