Climate Change Data

Whirlpool of India Limited

Climate Impact & Sustainability Data (2019-2020, 2022-23)

Reporting Period: 2019-2020

Environmental Metrics

ESG Focus Areas

  • Corporate Governance
  • Corporate Social Responsibility
  • Environmental Sustainability
  • Employee Well-being
  • Stakeholder Engagement

Environmental Achievements

  • Energy generation through Roof Top Solar Power Station resulting in power saving of 12.19 Lacs KWH PA (987 kW Solar Power Station) at Pune plant and 8.34 Lacs KWH PA (800 kW Solar Power Station) at Faridabad plant.
  • Energy upgradation by 1 Star in all models through efficient sealed system
  • 99% of manufacturing waste was sent for recycling.

Social Achievements

  • Skill Development Program: Trained over 4000 students in vocational courses in more than 30 cities, with a pass percentage of close to 80% and significant improvement in placement.
  • Community Development Program: Implemented programs in villages/communities adjoining manufacturing facilities, focusing on health, hygiene, and nutrition; reached 2000 students through learning centers in Faridabad.
  • Employee Engagement: Achieved one of the highest engagement scores ever (90+), with significant improvement in scores related to learning, career visibility, and plan execution.

Governance Achievements

  • Annual performance evaluation of the Board, Committees, and individual Directors.
  • Compliance with the provisions of the Companies Act, 2013 and SEBI Listing Regulations.
  • Established a robust Whistle Blower Policy.

Climate Goals & Targets

Environmental Challenges

  • Slowdown in the economy and impact of liquidity crisis on retail financing in the later quarters of 2019-20.
  • COVID-19 pandemic and government-imposed lockdowns causing disruption to business and supply chains.
Mitigation Strategies
  • Continuous focus on cost management.
  • Monitoring the developments of COVID-19 closely and taking adequate precautions to minimize disruption to business.
  • Focus on business continuity and mitigation of risks.

Supply Chain Management

Responsible Procurement
  • Whirlpool’s Supplier Code of Conduct (SCOC)

Climate-Related Risks & Opportunities

Reporting Standards

Frameworks Used: SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015

Certifications: ISO 14001:2015 (at all three plants)

Third-party Assurance: MSKA & Associates, Chartered Accountants

Sustainable Products & Innovation

  • Energy efficient refrigerators, washing machines, and air conditioners.
  • ROHS compliant products.

Awards & Recognition

  • Superbrands 2019-20 for refrigerators and washing machines
  • Swachhta Award from Puducherry Government

Reporting Period: 2022-23

Environmental Metrics

Scope 1 Emissions:1,660 Metric tonnes of CO2 equivalent (2022-23)
Scope 2 Emissions:18,341 Metric tonnes of CO2 equivalent (2022-23)
Water Consumption:167,181 kilolitres (2022-23)
Waste Generated:14,952.39 metric tonnes (2022-23)

ESG Focus Areas

  • Environmental Sustainability
  • Community Development
  • Inclusion and Diversity
  • Employee Well-being
  • Responsible Sourcing

Environmental Achievements

  • Reduced energy consumption through various initiatives (specific figures not provided)
  • Installed additional solar panels, increasing total capacity to 7200KW
  • Reclaimed 58,338 MT of e-waste and 3,901 MT of plastic packaging waste

Social Achievements

  • Recognized as India’s Best Workplaces in Manufacturing 2022
  • Launched "Be*Well" employee well-being program
  • Skill Development Programs trained around 700 retail and 300 technical candidates
  • Community Development Programs supported over 3,400 children in Faridabad, 30,000+ beneficiaries in Pune, and installed solar panels in four schools in Puducherry

Governance Achievements

  • Robust compliance program to mitigate ethical risks from third-party providers
  • Regularly reviews and updates its Risk Management Policy
  • Maintains a robust Whistle Blower Policy

Climate Goals & Targets

Environmental Challenges

  • Accelerated inflation in costs
  • Interest rate hikes impacting consumer sentiment
  • Weakened appliance demand
  • Intense competition
  • Significant changes in energy and regulation norms for refrigerators
  • Supply chain disruptions
Mitigation Strategies
  • Comprehensive program of cost savings and margin improvement
  • Increased focus on premiumisation
  • Calibrated pricing interventions
  • Launched new refrigerator portfolio range
  • Reduced non-material costs by ~1%
  • Strategic dual sourcing approach with focus on localization

Supply Chain Management

Responsible Procurement
  • Supplier Code of Conduct (SCoC) auditing program
  • Third Party Due Diligence (TPDD) screening
  • Conflict minerals tracking program

Climate-Related Risks & Opportunities

Awards & Recognition

  • India’s Best Workplaces in Manufacturing 2022