Hormel Foods

Planters, Jennie-O, Skippy, Columbus Craft Meats, Dinty Moore, Spam, Chi-Chi's
Minnesota
Food and Staples Retailing

Corporate Bias Rating

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Risk Level:

Rating - Danger
High Risk

Summary:

Hormel Foods scored a 100 on the 2023 Corporate Equality Index (CEI) from the Human Rights Campaign (HRC), a political stakeholder group. By complying with the HRC’s controversial demands, Hormel Foods increases the risk of dividing employees, alienating customers and harming shareholders. The company covers transgender-related medical costs for its employees and their children and provides specific sexual orientation and gender identity-based benefits. It also uses sex and gender ideology criteria in employee recruitment, vendor selection, marketing, and philanthropic support. Hormel Foods forces employees to undergo multiple ideological trainings and uses its reputation, corporate funds, and political influence to support controversial sex and gender ideologies, organizations, and legislation. Hormel Foods has used corporate funds to support ideological organizations. For these reasons, Hormel Foods receives a High Risk rating.

Shareholder Proposals

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Date
ESG Category
Proponent
Summary of ResolutionMgmt RecTotal Vote % in Favor
1/31/23SocialThe Shareholder CommonsComply with World Health Organization guidelines on antimicrobial use throughout its supply chainsAgainst5.88%
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