Whirlpool Stock Price, News & Analysis

Whirlpool has been named one of America's Best Brands for Social Impact in 2024 by Forbes. This recognition reflects the company's dedication to creating a more sustainable and socially responsible future. The list, created in partnership with customer insights company HundredX, is based on an online survey conducted from March 2023 to February 2024, involving over 185,000 consumers rating brands in various categories.

The survey evaluated brands on four key aspects: Overall Brand Values and Trust, Social Stances, Sustainability, and Community Support. Pam Klyn, Whirlpool's executive vice president of corporate relations and sustainability, expressed pride in the company's efforts to positively impact consumers globally and its commitment to serving local communities.

Whirlpool has announced that several of its engineers have been nominated for the Society of Women Engineers (SWE) 2024 Individual Awards. These nominations come from colleagues and regional SWE chapter members in the US, Brazil, and India. The company is celebrating these women and allies for their contributions to engineering solutions that enhance home life globally.

Whirlpool Foundation continues its support for the Michigan Council of Women in Technology Foundation (MCWT) by sponsoring the 'Girls Rock IT' event for a second consecutive year. Held in the spring, the event targeted local girls from grades 2-8, introducing them to coding and app development. Elementary students engaged with Scratch, while middle schoolers used MIT App Inventor to create apps. The initiative also included sessions for parents on Internet Safety and Careers in Technology to bolster support for the girls' tech aspirations. As women remain underrepresented in tech, Whirlpool Foundation aims to inspire and support future female tech talent in Michigan.

Whirlpool is expanding its 'Feel Good Fridge' program, collaborating with HelloFresh and Total Quality Logistics (TQL) to combat food insecurity in 13 U.S. markets. Initially launched in 2021, the program provides refurbished refrigerators to food pantries and nonprofits, offering free, fresh food to those in need. This expansion will see Whirlpool providing 2,000 refrigerators, TQL managing transportation, and HelloFresh supplying fresh ingredients. The initiative has already donated over 900 refrigerators and delivered 250,000 pounds of food, impacting more than 25,000 families. Current target markets include cities like Dallas, Detroit, Atlanta, and Los Angeles, with a goal of 3,000 refrigerators by 2030.

Whirlpool has partnered with Benton Harbor High School and Youth Solutions, Inc.'s Jobs for Michigan Graduates to support 30 students through a comprehensive mentorship program. The initiative included workplace simulations, presentation and etiquette tips, and a Dress For Success event, where students received tailored style advice through a hands-on shopping experience. This program aims to prepare students for college, technical training, or immediate employment. Whirlpool mentors played a key role, ensuring each student was styled for professional success.

On June 18, 2024, Whirlpool employees celebrated World Environment Day by engaging with ECHO, the company's employee-led environmental group. Activities included a recycling comprehension quiz, distributing succulents, and planting seedlings. These initiatives aim to foster greater environmental awareness and participation among employees, enhancing the company's internal and external environmental impact.

Whirlpool has been recognized by the U.S. Environmental Protection Agency (EPA) for its renewable energy strategy in North American operations. The company ranks No. 60 on EPA's National Top 100 list, No. 14 on the Top 30 On-site Generation list, and No. 34 among Green Power Partners from the Fortune 500. Whirlpool purchases over 301 million kilowatt-hours of renewable energy annually, covering 86% of its power needs. The company aims to achieve 100% renewable energy for its U.S. sites through onsite power and two virtual power purchasing agreements in Texas. This initiative aligns with their goal to reach Net Zero by 2030. In 2023, Whirlpool reduced its scope 1 and 2 emissions by 25% and scope 3 emissions by 7%.

Whirlpool (NYSE: WHR) is expanding its 'Feel Good Fridge' program through a collaboration with HelloFresh and Total Quality Logistics (TQL). Launched in 2021, the program donates refurbished refrigerators to food pantries and nonprofits to provide free, fresh food to those in need. This expansion will impact 13 U.S. markets, with Whirlpool providing 2000 refrigerators, TQL handling logistics, and HelloFresh supplying fresh ingredients. Key markets include cities like Dallas, Atlanta, and Detroit. The program has so far donated over 900 refrigerators, delivered 250,000 pounds of food, and aided more than 25,000 families. Whirlpool aims to place 3,000 refrigerators by 2030.

Whirlpool is committed to reducing emissions from products in use by 20% by 2030 compared to a 2016 baseline, as stated in the 2023 Sustainability Report.