SASB
The Sustainability Accounting Standards Board (SASB) connects businesses and investors on the financial impacts of sustainability. Our 2019 Sustainability Report marked the first time that Whirlpool has reported to the SASB framework against the Consumer Goods Sector—Appliances Manufacturing Standards.
SASB—Sustainability Accounting Standards Board |
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Consumer Goods Sector—Appliance Manufacturing |
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Sustainability Disclosure Topics & Accounting Metrics: |
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Topic |
Accounting Metric |
Category |
Code |
Unit of Measure |
2021 Response |
Topic
Product Safety |
Accounting Metric
Number of (1) recalls issued and |
Category
Quantitative |
Code
CG-AM-250a.1 |
Unit of Measure
Number |
2021 Response
(1) Zero voluntary1 and involuntary product safety recalls issued |
Accounting Metric
Discussion of progress to identify and manage safety risks associated with the use of its products |
Category
Discussion |
Code
CG-AM-250a.2 |
Unit of Measure
n/a |
2021 Response
|
|
Accounting Metric
Total amount of monetary losses as a result of legal proceedings associated |
Category
Quantitative |
Code
CG-AM-250a.3 |
Unit of Measure
Reporting currency |
2021 Response
$4.5M2 |
|
Topic
Product Life Cycle Environmental Impacts |
Accounting Metric
Percentage of eligible products by revenue certified to the Energy Star program |
Category
Quantitative |
Code
CG-AM-410a.1 |
Unit of Measure
Percentage (%) |
2021 Response
40.4%3, 4 |
Accounting Metric
Percentage of eligible products by revenue certified to an Association of Home Appliance Manufacturers (AHAM) sustainability standard |
Category
Quantitative |
Code
CG-AM-410a.2 |
Unit of Measure
Percentage (%) |
2021 Response
0% in 2021, due to competing retailer sustainability labels and lack of usage in marketplace by our |
|
Accounting Metric
Description of efforts to manage products’ end-of-life impacts |
Category
Discussion |
Code
CG-AM-410a.3 |
Unit of Measure
n/a |
2021 Response
|
1 In August 2021, a recall was issued for dehumidifiers manufactured and sold by New Widetech, a licensee of Whirlpool Corporation. This recall involves dehumidifiers, manufactured before September 1, 2017, with the brand names including Amana and Whirlpool, amongst other non-Whirlpool Corporation brand names. As Whirlpool Corporation is not responsible for the manufacturing of these products or the issuance of the recall, nor financially liable for the recall, we have excluded this recall from SASB Appliance Manufacturing Standard CG-AM-250a.1 reporting.
2 Total amount of monetary losses are reported net of insurance reimbursements in excess of Whirlpool’s self-insured limit.
3 Excludes products sold or intended for sale outside the United States, licensed products not manufactured nor sold by Whirlpool Corporation and Whirlpool manufactured products sold under the following brands Admiral, Crosley, IKEA, Kenmore, DACOR, Ingles
4 Revenue used to calculate the percentage of eligible products certified to the Energy Star program does not reflect sales incentives or allowances for product returns, which are recognized as a reduction of revenue when accounting for Net Sales in the Consolidated Statements of Income. See Notes 1 & 2 to the Consolidated Financial Statements for additional information on Accounting Policies and Revenue.