Hormel Foods Corporation
NYSE : HRL
2022 Food & Beverage
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Company Ranking
32 out of60 Companies
Company Score
SUMMARY
Hormel Foods Corporation (Hormel), a US producer of meat and food products, ranks 32 out of 60 companies. Compared to 2020, the company improved by strengthening its supplier code to cover freedom of association and collective bargaining and by disclosing a publicly available grievance mechanism for supply chain workers.
The company’s score is based on poorer performance across the themes of Traceability & Risk Assessment, where it neither discloses supplier lists, nor details of its human rights risk assessment process. The company also performs poorly on the theme of Monitoring, where it provides no detail of is methodology for monitoring forced labour in its supply chains. Additionally, the company does not provide any information on its process for raising and handling grievances or remedy outcomes for workers.
The company is encouraged to improve its performance and disclosure on the themes of Traceability and Risk Assessment, Monitoring and Remedy.
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SCORE HISTORY
THEME & indicator score
The benchmark methodology has seven themes, selected to capture the key areas where companies need to take action to eradicate forced labour from their supply chains. The themes are comprised of a total of 12 key indicators. For each indicator, a company can score a total of 100 points.
Commitment and Governance
Supplier Code of Conduct and Capacity Building | 25 / 100 |
Management and Accountability | 59 / 100 |
Traceability and Risk Assessment
Traceability and Supply Chain Transparency | 0/100 |
Risk Assessment | 0 / 100 |
Data on Supply Chain Risks | 0 / 100 |
Purchasing Practices
Purchasing Practices | 0 / 100 |
Recruitment
Recruitment Fees | 10 / 100 |
Monitoring and Responsible Recruitment | 0 / 100 |
Worker Voice
Freedom of Association | 0 / 100 |
Grievance Mechanism | 10 / 100 |
Monitoring
Monitoring Process | 0 / 100 |
Remedy
Remedy Programs | 0 / 100 |