Thor Industries, Inc., the world’s largest RV manufacturer, published its fourth annual sustainability report detailing sustainability efforts for fiscal 2021 across its global family of operating companies.
Bob Martin, Thor president and CEO, said the company’s sustainability journey is an integral and ongoing part of the company’s culture.
“We are proactively addressing environmental, social and governance risk,” Martin said, “and we believe these ongoing sustainability efforts will have a very positive impact on our business, consumers, team members, partners and the communities in which we live, work and play.”
Thor stated the company employs sustainable business practices to encourage others in the industry to do the same. In 2021, Thor took significant steps in its sustainability journey to lead the way for the industry.
Specifically:
- Thor founded the Together Outdoors Coalition, in partnership with Outdoor Recreation Roundtable (ORR). The coalition’s mandate is to work to make the outdoors a more diversified, inclusive and inviting place through education, equity and action through the joined forces of organizations across the outdoor economy.
- Germany-based Erwin Hymer Group, a Thor company, became a carbon net-neutral manufacturer in 2021, a significant milestone and a first for the RV industry.
- Thor achieved an important highpoint in its sustainability journey by voluntarily completing the Carbon Disclosure Project (CDP) Carbon & Climate Questionnaire in March 2021, which the company will complete annually.
- Thor’s Board of Directors renamed its Governance and Nomination Committee as the Environmental, Social and Governance and Nomination Committee, as a testament to its focus on, and commitment to, sustainability.
- Thor appointed its first chief innovation officer to develop the company’s vision for evolving advanced technologies and optimizing innovation. The company set an innovation focus to reduce its carbon footprint and achieve sustainability goals across all Thor companies globally.
- The company worked on achieving a 50% reduction in Scope 1 and 2 greenhouse gas emissions, the interim target of its carbon net-neutral goal by 2050, as part of Thor’s June 2020 commitment to “Business Ambition for 1.5 C.”
- The company supported the National Forest Foundation as one of the foundation’s most significant corporate sponsors.
Todd Woelfer, Thor chief operating officer, said the global sustainability program highlights the company’s commitment to its team members’ and customers’ lives and promotion of clean and safe environments.
“The products that our companies build inspire people to travel, build connections with family and friends, and develop a lasting appreciation for nature,” Woelfer said, “and our sustainability efforts are beneficial for our company, our customers, the industry and the environment over the long term.”
Thor’s FY2021 Sustainability Report was published in electronic format only and is viewable at thorindustries.com/sustainability-report.
