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Whirlpool Corporation and Habitat for Humanity Continue BuildBetter With Whirlpool Program

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Whirlpool Foundation has renewed its support for the BuildBetter with Whirlpool program, committing $2.5M over the next two years to help Habitat for Humanity build energy-efficient homes. The program will construct 50 net-zero-energy-ready homes, focusing on climate resilience and energy efficiency. The initiative's first phase, launched in 2021, will complete over 260 homes by end of 2024, achieving 45% predicted energy cost savings per family and 15% reduction in greenhouse gas emissions per home. The program aims to help homeowners reduce operating costs through improved energy efficiency while demonstrating that energy-efficient homes aren't exclusive to the luxury market.

La Fondazione Whirlpool ha rinnovato il suo sostegno per il programma BuildBetter with Whirlpool, impegnando 2,5 milioni di dollari nei prossimi due anni per aiutare Habitat for Humanity a costruire abitazioni energie-efficienti. Il programma costruirà 50 case pronte per l'energia netta zero, concentrandosi sulla resilienza climatica e sull'efficienza energetica. La prima fase dell'iniziativa, avviata nel 2021, completerà oltre 260 case entro la fine del 2024, raggiungendo un risparmio energetico previsto del 45% per famiglia e una riduzione del 15% delle emissioni di gas serra per ogni abitazione. Il programma mira ad aiutare i proprietari di case a ridurre i costi operativi attraverso un miglioramento dell'efficienza energetica, dimostrando al contempo che le case energie-efficienti non sono esclusive del mercato del lusso.

La Fundación Whirlpool ha renovado su apoyo al programa BuildBetter with Whirlpool, comprometiéndose a invertir 2,5 millones de dólares en los próximos dos años para ayudar a Habitat for Humanity a construir viviendas eficientes en energía. El programa construirá 50 casas listas para energía neta cero, enfocándose en la resiliencia climática y la eficiencia energética. La primera fase de la iniciativa, lanzada en 2021, completará más de 260 viviendas para finales de 2024, logrando un ahorro de costos de energía del 45% por familia y una reducción del 15% en las emisiones de gases de efecto invernadero por hogar. El programa tiene como objetivo ayudar a los propietarios a reducir los costos operativos mediante la mejora de la eficiencia energética, demostrando que las casas eficientes en energía no son exclusivas del mercado de lujo.

휘센재단BuildBetter with Whirlpool 프로그램에 대한 지원을 갱신하며, 향후 2년 동안 250만 달러를 투자하여 휴먼 하비타트를 돕고 에너지 효율적인 주택을 건설할 것을 약속했습니다. 이 프로그램은 기후 회복력과 에너지 효율성에 중점을 두고 50채의 넷 제로 에너지 준비 주택을 건설할 것입니다. 2021년에 시작된 이 이니셔티브의 첫 번째 단계는 2024년 말까지 260채 이상의 주택을 완공할 예정이며, 각 가정에 대해 45%의 에너지 비용 절감과 15%의 온실가스 배출량 감소를 달성할 것으로 예상됩니다. 이 프로그램은 에너지 효율성을 개선하여 재정적인 운영 비용을 줄이는 데 도움을 주는 동시에, 에너지 효율적인 주택이 럭셔리 시장에만 국한되지 않다는 것을 보여줄 것입니다.

La Fondation Whirlpool a renouvelé son soutien au programme BuildBetter with Whirlpool, s'engageant à investir 2,5 millions de dollars au cours des deux prochaines années pour aider Habitat for Humanity à construire des maisons économes en énergie. Le programme construira 50 maisons prêtes pour l'énergie net zéro, en se concentrant sur la résilience climatique et l'efficacité énergétique. La première phase de cette initiative, lancée en 2021, aboutira à plus de 260 maisons d'ici fin 2024, avec une économie d'énergie prévue de 45 % par famille et une réduction de 15 % des émissions de gaz à effet de serre par maison. Le programme vise à aider les propriétaires à réduire leurs coûts d'exploitation grâce à une meilleure efficacité énergétique, tout en démontrant que les maisons économes en énergie ne sont pas réservées au marché du luxe.

Die Whirlpool-Stiftung hat ihre Unterstützung für das BuildBetter with Whirlpool-Programm erneuert und verpflichtet sich, in den nächsten zwei Jahren 2,5 Millionen Dollar bereitzustellen, um Habitat for Humanity beim Bau von energieeffizienten Häusern zu helfen. Das Programm wird 50 Netto-Null-Energie-fertige Häuser errichten, wobei der Fokus auf Klimaanpassungsfähigkeit und Energieeffizienz liegt. Die erste Phase der Initiative, die 2021 gestartet wurde, wird bis Ende 2024 über 260 Häuser fertigstellen und dabei eine prognostizierte Einsparung der Energiekosten von 45 % pro Familie und eine Reduzierung der Treibhausgasemissionen von 15 % pro Haus erreichen. Ziel des Programms ist es, Hausbesitzern zu helfen, ihre Betriebskosten durch verbesserte Energieeffizienz zu senken und gleichzeitig zu demonstrieren, dass energieeffiziente Häuser nicht nur dem Luxusmarkt vorbehalten sind.

Positive
  • Secured $2.5M funding commitment for next two years
  • Program will deliver 45% energy cost savings for homeowners
  • Building 260 energy-efficient homes by end of 2024
  • 15% reduction in greenhouse gas emissions per home
Negative
  • None.

Insights

The $2.5M commitment from Whirlpool Foundation represents a strategic ESG investment with potential long-term benefits. While modest relative to Whirlpool's market cap, this initiative could yield significant brand value and consumer goodwill. The program's focus on energy efficiency aligns with growing consumer demand for sustainable appliances and homes, potentially strengthening Whirlpool's market position in the energy-efficient appliance segment.

The 45% energy cost savings and 15% reduction in greenhouse gas emissions per home demonstrate measurable impact. These metrics could enhance Whirlpool's ESG ratings, potentially attracting ESG-focused investors and improving access to sustainable financing. The 25-year partnership history and cumulative $140M investment showcase consistent corporate citizenship, which typically correlates with reduced regulatory risks and stronger stakeholder relationships.

ATLANTA, GA / ACCESSWIRE / November 12, 2024 / Habitat for Humanity International announced today that Whirlpool Foundation has renewed its support for the BuildBetter with Whirlpool program. Over the next two years, the Foundation will allocate $2.5M to help the global housing nonprofit construct stronger, more energy-efficient homes that are responsive to changing climate conditions and increasing climate hazards. In the next evolution of the program, 50 net-zero-energy-ready homes will be built bringing energy efficiency and cost savings to homeowners.

The BuildBetter with Whirlpool program, launched by Habitat for Humanity and Whirlpool Corporation in June 2021, started as a three-phase initiative expanding upon Habitat's current efforts to help homeowners mitigate the impact of climate change with more energy-efficient and climate resilient homes. The initiative also aims to produce a long-term reduction in operating costs for homeowners through an expected improvement in energy efficiency of up to 45% compared to homes built to current local government code. Dollars saved on water and energy bills can be used to help with the cost of food, medical expenses and other household expenses or as savings for the future.

"We are thrilled to continue our work with Habitat on the BuildBetter with Whirlpool program," said Pam Klyn, executive vice president for corporate relations and sustainability for Whirlpool Corporation. "We're learning from the data collected to date and evolving the program to build homes that are even more efficient in the next two years. This project truly demonstrates that creating energy efficient homes isn't just for the luxury market."

The first commitment of the BuildBetter with Whirlpool program, which launched in 2021 and will be completed later this year, encouraged local Habitat affiliates to build above local code to meet higher energy and resilience standards. It also focused on research and collaboration to establish a more accurate baseline to measure sustainable building standards across the construction industry. By the end of 2024, more than 260 energy efficient and climate resilient homes will be constructed across the U.S., resulting in an average 45 percent predicted energy cost savings per family, as well as a 15 percent reduction in greenhouse gas emissions per home. The second commitment of the initiative will begin in early 2025.

"Whirlpool Corporation has been an instrumental partner in helping us improve and broaden the ways we can help more families achieve housing stability," said Charlita Stephens-Walker, vice president of corporate partnerships and cause marketing at Habitat for Humanity International. "Through the BuildBetter with Whirlpool program, we have been able to build more resilient and energy-efficient homes, helping families reduce their carbon footprint as well as lessen their housing costs. We are proud to continue this work with Whirlpool and we are grateful for their dedication to ensure everyone has a safe and decent place to live."

For more than 25 years, Habitat for Humanity International and Whirlpool Corporation have worked together to improve and broaden the ways the global housing organization can help more families achieve housing stability. Over the lifetime of the relationship, Whirlpool has given more than $140 million in funding and donated products supporting nearly 200,000 Habitat households in the U.S. and close to 1 million people in more than 50 countries worldwide. The company has also supported other initiatives including Habitat's global housing forums, the Cost of Home national advocacy campaign, and the Jimmy and Rosalynn Carter Work Project.

About Habitat for Humanity

Driven by the vision that everyone needs a decent place to live, Habitat for Humanity found its earliest inspirations as a grassroots movement on an interracial community farm in south Georgia. Since its founding in 1976, the Christian housing organization has since grown to become a leading global nonprofit working in local communities across all 50 states in the U.S., Puerto Rico, and more than 70 countries. Families and individuals in need of a hand up partner with Habitat for Humanity to build or improve a place they can call home. Habitat homeowners help build their own homes alongside volunteers and pay an affordable mortgage. Through financial support, volunteering or adding a voice to support affordable housing, everyone can help families achieve the strength, stability and self-reliance they need to build better lives for themselves. Through shelter, we empower. To learn more, visit habitat.org.

About Whirlpool Corporation

Whirlpool Corporation (NYSE: WHR) is a leading kitchen and laundry appliance company, in constant pursuit of improving life at home and inspiring generations with our brands. The company is driving meaningful innovation to meet the evolving needs of consumers through its iconic brand portfolio, including Whirlpool, KitchenAid, JennAir, Maytag, Amana,Brastemp, Consul, and InSinkErator. In 2023, the company reported approximately $19 billion in annual sales, 59,000 employees, and 55 manufacturing and technology research centers. Additional information about the company can be found at WhirlpoolCorp.com.

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Contact Info:
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SOURCE: Whirlpool Corporation



View the original press release on accesswire.com

FAQ

How much funding did Whirlpool Foundation commit to the BuildBetter program in 2024?

Whirlpool Foundation committed $2.5M over the next two years to the BuildBetter with Whirlpool program.

How many net-zero-energy-ready homes will WHR build in the next phase?

Whirlpool will build 50 net-zero-energy-ready homes in the next phase of the program.

What energy cost savings are expected from WHR's BuildBetter program homes?

The homes are expected to achieve 45% energy cost savings compared to homes built to current local government code.

How many energy-efficient homes will be completed by WHR's BuildBetter program by end of 2024?

More than 260 energy-efficient and climate resilient homes will be constructed across the U.S. by the end of 2024.

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