Whirlpool Corp. and Habitat for Humanity drive climate-resilient and energy-efficient home construction for lower-income families

Rhea-AI Summary

Whirlpool Corp. (NYSE: WHR) has expanded its partnership with Habitat for Humanity through the BuildBetter initiative, aiming to create affordable, climate-resilient housing for low-income families. This collaboration, spanning over 22 years and worth $120 million, focuses on building homes equipped with energy-efficient Whirlpool appliances. A study indicates these efforts have reduced annual energy costs by an average of 20%, significantly impacting families facing high energy expenses. Whirlpool's commitment aligns with its corporate responsibility program, House+Home, promoting sustainable community growth.

Positive

• Expanded partnership with Habitat for Humanity through BuildBetter initiative.
• Over $120 million invested in affordable housing projects.
• Average annual energy cost reduction of 20% for households using Whirlpool appliances.
• Contribution equivalent to removing 33,000 cars from the road due to energy savings.

Negative

• None.

Lower-income families are disproportionately affected by severe weather events and rising energy costs 

BENTON HARBOR, Mich., July 13, 2022  /PRNewswire/ -- Forecasters at the National Oceanic and Atmospheric Administration (NOAA) are predicting a seventh consecutive above-average hurricane season with up to 21 named storms this year. With inflation also at a 30-year high, more low-income families will be burdened with higher energy and repair costs.

Whirlpool Corp. (NYSE: WHR) and long-time collaborator Habitat for Humanity are committed to reducing this burden and have expanded their 22-year and over $120 million relationship through the BuildBetter with Whirlpool initiative to provide more families with safe and affordable housing by building climate-resilient and energy-efficient homes. These new homes will be built with innovative construction methods and are further equipped with energy-efficient Whirlpool Corp. appliances so families are better protected from extreme weather events and can gain additional financial security through energy cost savings.

A recent study by Whirlpool Corp. and Habitat for Humanity found that their joint efforts accounted for an average reduction of 20 percent in annual household energy costs attributable to appliance use. Whirlpool Corp.'s donated appliances have also contributed to energy savings equivalent to taking 33,000 passenger cars off the road. These figures are significant because in some areas of the country, energy costs can be as high as 37 percent of a homeowners' total burden.

This is all part of Whirlpool Corp.'s global corporate responsibility approach called House+Home, which contributes to comfortable and nurturing places to live and supports resilient, thriving, and sustainable communities.

"The vitality of our communities and improving the quality of life at home are what drive us to continually innovate," shared Pam Klyn, sr. VP of corporate relations and sustainability at Whirlpool Corp. "We are thrilled to support Habitat for Humanity in this work and respond to the growing need for affordable, climate-resilient housing that helps protect our planet, and passes on energy reduction cost savings to homeowners who need it most."

For more details on Whirlpool Corp. and Habitat for Humanity's BuildBetter collaboration and impact, please visit here.

About Whirlpool Corporation

Whirlpool Corporation (NYSE: WHR) is committed to being the best global kitchen and laundry company, in constant pursuit of improving life at home. In an increasingly digital world, the company is driving purposeful innovation to meet the evolving needs of consumers through its iconic brand portfolio, including Whirlpool, KitchenAid, Maytag, Consul, Brastemp, Amana, Bauknecht, JennAir, Indesit and Yummly. In 2021, the company reported approximately $22 billion in annual sales, 69,000 employees and 54 manufacturing and technology research centers. Additional information about the company can be found at WhirlpoolCorp.com

 

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SOURCE Whirlpool Corporation

FAQ

What is the BuildBetter initiative by Whirlpool Corp. and Habitat for Humanity?

The BuildBetter initiative aims to provide safe and affordable housing by building climate-resilient and energy-efficient homes for low-income families.

How much has Whirlpool Corp. invested in its partnership with Habitat for Humanity?

Whirlpool Corp. has invested over $120 million in its partnership with Habitat for Humanity over 22 years.

What reduction in energy costs can families expect from Whirlpool appliances?

Families can expect an average reduction of 20% in annual household energy costs attributable to the use of Whirlpool appliances.

How does Whirlpool Corp. contribute to sustainability?

Whirlpool Corp. contributes to sustainability through its House+Home initiative, focusing on creating nurturing and resilient communities.

When was the press release about Whirlpool Corp. and Habitat for Humanity issued?

The press release was issued on July 13, 2022.