APPENDIX / TCFD TCFD RECOMMENDATION WHIRLPOOL CORPORATION DISCLOSURES Strategy (continued) CLIMATE-RELATED OPPORTUNITIES Innovative and Efficient Products for Our Consumers Opportunity type: Products and services Time horizon: Short-term Likelihood: Likely Magnitude of impact: Medium Description: As global leaders and technology drivers in the home appliances industry, we are continually improving product efficiency on a volun - tary basis. This creates opportunities in sales and creates value for utilities, developers, builders, and consumers. We continue to make investments in both the efficiency and innovation of our products to improve lives at home and in our communities. In 2021, we contin - ued to invest in manufacturing efficiency, product leadership, technology and innovation, including $525 million in capital expenditures and we are completing our previously announced investments of over $70M to significantly reduce high global warming refrigerants and blowing agents in the next three years. In 2021, we were 97% HFC free in our products and operations. In addition to driving individ - ual product efficiency, we are developing innovations that drive efficiency through more dynamic interactions with the grid through con - nected appliances and smart homes. These innovations and engagement with our consumers have the ability to drive significant gains in the emissions of our products in use to exceed our 2030 goals, while providing savings on consumer utility bills and a more resilient grid more capable of renewable energy generation. Additionally, they will open new consumer loyalty and services growth opportuni - ties. With decarbonization and with our extensive electric product portfolio in numerous consumer segments and markets, we will be able to potentially capitalize on the shift to new technologies such as induction cooking and heat pump dryers. Growth in demand for appliances may also be impacted by more extreme weather events that disrupt homes and by additional migration. Zero Impact Operations Opportunity type: Resource efficiency Time horizon: Short-term Likelihood: Virtually certain Magnitude of impact: Medium-low Description: Through our industry-leading brand portfolio and robust product innovation pipeline, we are able to leverage both our global scale and innovative manufacturing processes to drive best-in-class energy performance across all regions. The WCM (World Class Manufacturing) system that we adopted at all of our production sites includes an Environmental pillar that addresses the identification and assessment of environmental aspects and impacts, including understanding energy losses and implementing projects to reduce emissions, energy consumption and waste. We know that managing the use of natural resources in the manufacturing process is the right thing to do as part of our efforts to reduce our environmental footprint. We invest in driving continuous improvement in emissions and energy efficiency by developing and utilizing local renewable energy generation or procurement and dedicated capital for deep energy retrofits, while investing in off-site renewable energy options. In 2021, we reached commercial operation of our first Virtual Power Purchase Agreement (VPPA) that will cover approximately 50%of our electricity consumption at U.S. plants and help reduce our overall global carbon footprint in operations by nearly 16% and additionally contracting a second VPPA covering the remaining 50% of our electricity consumption, which will become operational in December of 2022. While the majority of our GHG emissions footprint results from our products in use, the energy efficiency of our plants also represents an important opportunity for our risk management strategy. We intend to complete other off-site and on-site opportunities in the next several years. Whirlpool Corporation / 2021 SUSTAINABILITY REPORT 125