Whirlpool Named to Social Index Feb 16, 2006

Printable format  Email this Article  Search

Whirlpool Corporation has again been included in KLD’s Domini 400 Social(SM) Index. Whirlpool, the appliance maker based in Benton Harbor, Michigan, U.S., was among the first companies selected to the Index when it was launched in 1990 and has remained on the Index ever since.

The Index consists of 400 U.S. companies that demonstrate leadership in corporate social responsibility. It is said to be used as a financial benchmark for equities and portfolios that exhibit positive social and environmental records. Reportedly, as of Jan. 2006, $2 billion in assets were invested in funds based on the Index and its 15-year return of 438.79 percent was almost 60 percentage points higher than the S&P 500’s returns for the same period.

"Long before corporate social responsibility became a focus of business and society, Whirlpool employees were conducting business with integrity and extending a helping hand to others," said Whirlpool Chairman and CEO Jeff M. Fettig. “I am proud of all of our people around the globe who personify Whirlpool’s values and make recognition like this possible.”

KLD evaluates company performance on environment, community relations, diversity, employee relations, human rights, product quality and safety, and corporate governance. Companies that manufacture alcohol, tobacco or firearms, or earn significant revenues from weapons contracting, are not eligible for inclusion.

Back to Daily News