Whirlpool Corporation's 2022 Sustainability Report Highlights Progress in Environmental Sustainability, Social Responsibility, and Corporate Governance

Strategic Insights -

Whirlpool Corporation has released its 2022 Sustainability Report, showcasing the company's commitment to environmental sustainability, social responsibility, and corporate governance. The report highlights progress across its commitments to sustainable products and operations, support for employees, communities, and corporate governance. Key highlights include the activation of two virtual power purchasing agreements to match 100% of the company's U.S. manufacturing plants' electricity consumption, a 25% reduction in GHG emissions in scopes 1 and 2, and a 18% increase in women's representation at the director level over the last five years.

Key Takeaways:

  • Whirlpool Corporation activated two virtual power purchasing agreements that will provide renewable energy to match 100% of its U.S. manufacturing plants' electricity consumption.
  • The company achieved a 25% reduction in GHG emissions in scopes 1 and 2 compared to the prior year.
  • Whirlpool Corporation delivered an 18% increase in women's representation at the director level over the last five years, thanks to its commitment to the Catalyst CEO Champions For Change Pledge.
  • The company donated $2 million and over 3,200 home appliances to new Habitat homeowners through its work with Habitat for Humanity.
  • Whirlpool Corporation reduced employee safety incident rates across its global operations.
  • The company committed to expanding its work with Habitat for Humanity to double the number of people impacted by 2025.
  • Whirlpool Corporation has committed to installing 500 Feel Good Fridges in the U.S. by 2025, with over 300 already donated and stocked with easily accessible food in underserved communities.

Statistics:

  • 29 out of 29 large manufacturing sites worldwide have reached Zero Waste to Landfill Gold or Platinum status (a greater than 95% diversion rate) [Ref. 1].
  • 100% of Whirlpool Corp's U.S. manufacturing plants will be powered by renewable energy through the two virtual power purchasing agreements.
  • 25% reduction in GHG emissions in scopes 1 and 2 compared to the prior year.
  • 18% increase in women's representation at the director level over the last five years.
  • $2 million donated to Habitat for Humanity in 2022.
  • Over 3,200 home appliances donated to new Habitat homeowners in 2022.
  • 143 out of 250 climate-resilient and energy-efficient homes built through the BuildBetter with Whirlpool program.
  • Over 300 refrigerators donated and stocked with easily accessible food in underserved communities through the Feel Good Fridges program.

Sources:

  • Whirlpool Corporation [Category: Household Durables, ESG]
  • [1] Zero Waste to Landfill goal reached for all large global manufacturing facilities owned by Whirlpool at December 31, 2022 with the exception of a new manufacturing facility in Argentina that opened Oct. 28, 2022 and the InSinkErator business which was acquired on Oct. 31, 2022.
  • Catalyst CEO Champions For Change Pledge
  • Habitat for Humanity
  • United Way
  • Forbes
  • Fortune
  • Just Capital
  • Dow Jones Sustainability World Index (DJSI)