RV manufacturer THOR Industries, Inc. on Monday published its fourth annual sustainability report detailing the company’s sustainability efforts for fiscal year 2021 across its global family of operating companies.
For over 40 years, THOR Industries has utilized responsible and sustainable business practices to make it easier and more enjoyable for families to connect with nature and one another.
“We’re proud of our sustainability journey, which is an integral and ongoing part of our culture,” shared THOR President and CEO Bob Martin.
“We are proactively addressing environmental, social, and governance risk, 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.”
As the global leader in the growing RV industry, THOR believes that employing sustainable business practices will encourage others in the industry to do the same. THOR takes its responsibility to promote a clean and safe environment through responsible and sustainable business practices very seriously. Last year, THOR took significant steps in its sustainability journey to lead the way for the industry.
The company took bold steps toward achieving a 50% reduction in Scope 1 and Scope 2 Green House 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.”
Erwin Hymer Group, a THOR company, also became a carbon-neutral manufacturer in FY 2021, a significant milestone and a first for the RV industry.
THOR voluntarily completed the Carbon Disclosure Project (CDP) Carbon & Climate Questionnaire in March 2021, which the RV manufacturer will complete annually.
Another thing noted in the report is THOR’s Board of Directors renaming its Governance and Nomination Committee to the Environmental, Social, and Governance and Nomination Committee as a testament to its focus on and commitment to sustainability.
The RV company solidified its commitment to diversity, equity, and inclusion by engaging a Chief People and Inclusion consultant to develop a DEI framework and benchmark initiatives, implement new recruiting and retention strategies, create an inclusive culture and build partnerships that serve diverse communities through THOR’s Inclusion Committee.
Last year, THOR also appointed its first Chief Innovation Officer to develop a vision for evolving advanced technologies and optimizing innovation. THOR believes its innovation focus will help reduce its carbon footprint and achieve its sustainability goals across the THOR family of companies globally.
The company partnered with and supported over 60 non-profit organizations across the THOR family of companies and supported National Forest Foundation as one of the foundation’s most significant corporate sponsors.
Lastly, THOR founded the Together Outdoors Coalition in partnership with Outdoor Recreation Roundtable (ORR). The coalition’s mandate is 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.
“Our global sustainability program highlights our deep-rooted commitment to better the lives of our team members and customers, foster the viability of communities, and promote a clean and safe environment,” added THOR Chief Operating Officer Todd Woelfer.
“The products that our companies build inspire people to travel, build connections with family and friends, and develop a lasting appreciation for nature, 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 may be viewed on the Company’s website at: www.thorindustries.com/sustainability-report.
About Thor Industries
THOR is the sole owner of operating companies that, combined, represent the world’s largest manufacturer of RVs. For more information on the Company and its products, please visit https://www.thorindustries.com/.