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THOR Industries Unveils Annual Sustainability Report

THOR FY2023 sustainability report

THOR Industries has published its sixth annual sustainability report detailing the company’s sustainability efforts for FY2023 across its global family of companies.

“Our sustainability journey is an integral and ongoing part of our culture, for which we are very proud,” shared Bob Martin, THOR president and CEO. “We are proactively addressing environmental, social and governance risk, and 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 it is focused on building for the future through products, people and community involvement. It has taken significant steps in its sustainability journey to lead the way for the industry, including attaining approval from the distinguished Science Based Targets initiative (SBTi) Validation Team confirming the its Scope 1 and Scope 2 short-term targets, and Scope 1, 2 and 3 long-term targets, are aligned with the SBTi’s 1.5˚C mitigation pathways for reaching net-zero by 2050 or sooner.

FY2023 sustainability highlights include:

  • THOR embarked on a comprehensive screening of its Scope 3 Greenhouse Gas (GHG) emissions and expanded its energy intensity goals to include Scope 3 in becoming carbon net-neutral by 2050.
  • Provided disclosures in accordance with the Task Force on Climate-Related Financial Disclosures (TCFD), the Sustainability Accounting Standards Board (SASB) metrics and the Global Reporting Initiative (GRI) Standards.
  • Advanced its emobility innovation leadership by introducing the Bürstner all-electric concept camper van in Europe, in addition to announcing a partnership with Harbinger to offer a proprietary electrified RV lineup to include larger RVs, like Class A motorhomes.
  • Reinforced the work of the CDP by submitting its third annual Carbon & Climate questionnaire to provide more visibility and disclosure around its efforts to measure, manage, disclose and reduce GHG emissions.
  • Partnered with the RV Industry Association to create the first ever RV Industry Sustainability Committee to share best practices and serve as an educational resource, chaired by THOR’s vice president of ESG.
  • Published its Inclusion Maturity Model which focuses on executive leadership and accountability, growing a diverse workplace, creating a connected culture and having an exceptional employer brand.
  • Supported and partnered with over 150 non-profit organizations across the THOR family of companies, including the National Forest Foundation, whose mission it is to help combat threats to the outdoor lifestyle.

“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,” added Todd Woelfer, THOR senior vice president and COO. “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.”

THOR’s full FY2023 Sustainability Report can be accessed here.

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