As a 111-year old company with a legacy of success and vision anchored on improving life at home, Whirlpool Corp. continues to deliver long-term value to our consumers and shareholders. We have a strong track record of successfully managing risk and providing oversight.
For more information on our Climate Risk Management, refer to our TCFD Appendix.
For more information on Business Risk Management, refer to our 10-K, Annual Report and Proxy.
We have in place an enterprise risk management (ERM) process that involves systematic risk identification and mitigation covering the categories of enterprise, strategic, financial, non-financial, operational, compliance and reporting risks. The ERM process receives Board of Directors and management oversight, drives risk mitigation decision-making and is integrated into our internal audit planning and execution cycle.
Our Board of Directors is committed to overseeing ESG strategy and initiatives, including those related to climate risks and opportunities. The role of assessing climate risks and opportunities resides with the Risk Management and Sustainability functions. Our Sustainability team works with internal stakeholders from multiple functions to monitor environmental metrics and promote accountability on an ongoing basis for achieving our science-based emissions reduction goals and mitigating risks.
Our Board is responsible for overseeing risk management. The Board focuses on our risk management strategy and the most significant risks facing Whirlpool Corp., including climate and water risk, and provides that appropriate risk mitigation policies and procedures are implemented by management.
Our risk management, internal audit and compliance areas serve as the primary monitoring and testing functions for companywide policies and procedures and manage the day-to-day oversight of the risk management strategy for the ongoing business of Whirlpool Corp.
