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Whirlpool receives American Business Ethics Award'05

14 Oct '05
3 min read

Michigan based home appliances maker Whirlpool Corporation announced it recently received the 2005 American Business Ethics Award from the Society of Financial Service Professionals (FSP). The Society established the award in 1994 to honor companies that exemplify high standards of ethical behavior in their everyday business conduct and in response to specific crises or challenges.

Whirlpool embraced its responsibility to conduct business in an ethical manner nearly 100 years ago with its first major order. When 100 motor-driven, wringer washers were delivered to a new customer and a component failed, Whirlpool co-founder Lou Upton found a way to replace the defective part and, in doing so, doubled the order to 200 washers. This anecdote underscores Whirlpool's philosophy that doing right is the right thing to do.

"Throughout the years, Whirlpool has built a culture of doing the right thing based on living up to our commitment to stakeholders and by quietly working behind the scenes to strengthen the economic and social fabric of the communities in which we operate," said Jeff M. Fettig, Whirlpool's Chairman, President and CEO.

This commitment is demonstrated by the company's effort to bring meaningful, sustainable change to its headquarters community of Benton Harbor through programs that encompass affordable housing, safety, health care and youth opportunities. Globally, Whirlpool made a five-year, $25 million commitment in 2000 to Habitat for Humanity International and has extended that partnership globally for years to come.

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