Thor published its fifth annual sustainability report, detailing the company’s 2022 sustainability efforts across its global companies.
“We are proud of our sustainability journey, which is an integral and ongoing part of our culture,” said Bob Martin, Thor president and CEO. “We are proactively addressing environmental, social and governance risk, and we believe these ongoing sustainability efforts have a very positive impact on our business, consumers, team members, partners and the communities in which we live, work and play.”
Thor said the company takes very seriously its responsibility to promote a clean and safe environment through responsible and sustainable business practices and believes doing so will encourage others in the industry to do the same.
In FY2022, Thor took steps in its sustainability journey. Specifically, the company:
- Introduced two electric vehicle concepts designed to help reduce greenhouse gas (GHG) emissions as part of its eMobility strategy, the Thor Vision Vehicle motorhome and the Airstream eStream travel trailer.
- Acquired Elkhart Composites, Inc., maker of “Elkboard.” The composite alleviates the industry’s reliance on lauan-based sidewalls sourced from tropical hardwood forests which continue to be overharvested.
- Began investing in renewable energy expansion, energy-efficient systems and energy generation from the sun and biomass through its Erwin Hymer Group, a Thor company.
- Submitted its greenhouse gas reduction targets to the Science Based Targets initiative (SBTi) as part of Thor’s June 2020 commitment to “Business Ambition for 1.5˚C.”
- Invested in Dragonfly Energy, a deep cycle lithium-ion battery producer.
- Partnered with and supported over 120 non-profit organizations across the Thor family of companies, including the National Forest Foundation.
“Our global sustainability program highlights our deep-rooted commitment to better the lives of our team members and customers, foster the viability of diverse communities, and promote a clean and safe environment,” said Todd Woelfer, Thor COO. “The products that our companies build inspire people to travel, build connections with family and friends, and develop a lasting appreciation for nature. As we continue to execute on our long-term strategic plan, we remain focused on contributing to a sustainable future to allow great outdoor experiences, which is a cornerstone of our business.”
To view Thor’s FY2022 Sustainability Report, click here.
