Hormel Foods Corporation
) presented its corporate social responsibility report for the
fiscal 2012. According to the company, producing its products in
a sustainable and responsible way is the key driver.
At the end of fiscal 2011, the company adopted a new set of
environmental goals for the fiscal years 2012-2020, taking fiscal
2011 as the base year. In the fiscal year 2012, Hormel invested
roughly $3.4 million in environmental and facility
The new set of goals includes a 10% reduction in non-renewable
energy use, water use, solid waste sent to landfill and
greenhouse gas emission. Along with these objectives, Hormel also
targets to reduce product packaging by 25 million
In fiscal 2012, Hormel successfully achieved its aim of
reducing 11,000 metric tons of greenhouse gas emissions. The new
target is now set at reduction of 77,000 metric tons of the gas
emissions by fiscal 2020.
Hormel uses intermodal shipments to transport its products,
which cuts the fuel use and green house emissions by 65% compared
with transportation by trucks. The use of these new methods of
shipment saved 940,000 gallons of diesel fuel in the fiscal year
Hormel also has a target of reducing energy usage by 664,000
MMBtu by fiscal 2020, out of which roughly 14%, i.e. 92,000 MMBtu
have been reduced in fiscal 2012.
On the water front, 24% of the total water use reduction
target was achieved, with about 0.122 billion gallons less water
used. The total target is set at saving 4.9 billion gallons of
The company's other accomplishment was its reaching the target
of solid waste management, where Hormel achieved 51% of its
target for the fiscal year 2020. Hormel's goal is to reduce solid
waste to landfills by 3,300 tons, out of which there was a
reduction of 1,700 tons in fiscal 2012.
Coming to the total sales increase, in fiscal 2012 Hormel
achieved its target of earning $2.0 billion of revenue from the
products initiated since fiscal 2000. This target has now been
increased to $3.0 billion by fiscal 2016.
Apart from these meaningful activities, Hormel also trains its
employees properly to avoid any fatalities and take proper care
of animals and reduce energy usage.
Hormel currently carries a Zacks Rank #2 (Buy). Other stocks
worth a look in the industry are
Sanderson Farms, Inc.
), carrying a Zacks Rank #1 (Strong Buy).
H. J. Heinz Company
) each carry a Zacks Rank #2 (Buy).
ANNIES INC (BNNY): Free Stock Analysis Report
HEINZ (HJ) CO (HNZ): Free Stock Analysis
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SANDERSON FARMS (SAFM): Free Stock Analysis
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