Sustainability

Sustainability

Sustainability Approach

THOR’s core values of community, trustworthiness, compassion and adventure are the foundation of everything we do. This sense of continuous improvement and empowerment is key to our strategies for being an industry leader in sustainability. 

Further emphasizing our commitment to sustainability, a new senior management role was established to lead our efforts. The Vice President of Global Supply Management and Sustainability is tasked with creating strategies and developing goals to embed sustainability across the enterprise. By combining the responsibilities of global supply management with sustainability, we have created a unique opportunity to engage with business partners across the value stream on critical sustainability initiatives. 

We are very excited to report that THOR is demonstrating the highest level of ambition on climate change and paving the way to a net-zero carbon future by signing the UN Global Compact “Business Ambition for 1.5°C” Commitment. As a key first step to achieving our vision to be an industry leader in sustainability, THOR has pledged to achieve net-zero greenhouse gas (GHG) emissions in or before 2050. Entering the initial phase of the commitment, we are driving to develop and publish a plan to achieve net-zero emissions backed by interim science-based targets. 

Doing Business the Right Way

We believe in doing business the right way. We act with integrity and always comply with the law, provide employees with a fair and safe work environment, and deal fairly with members of the public (including our customers, investors, and competitors).

We are committed, at our core, to better the lives of our employees and customers, foster the viability of our communities, and promote a clean and safe environment through responsible and sustainable business practices. These business practices are critical to the long-term health and value of THOR Industries. Our commitment is, in part, demonstrated by the creation of THOR’s Sustainability Committee, a group charged with identifying and promoting sustainable business strategies and practices for the company. 

THOR benefits when we all support our communities, as well as those of our suppliers and customers. After all, we succeed when our products inspire people to travel vastly, build strong connections with family and friends, and develop a lasting appreciation for nature. Whether you are a member of our community, stakeholder, or outdoor enthusiast, we believe you should have transparent access to THOR’s corporate responsibility efforts via this dedicated website and elsewhere.

These corporate responsibility efforts establish a foundation that allows THOR, along with our employees and communities, to grow and thrive well into the future. As leaders in our industry, it is our responsibility to constantly improve and create a space for others to flourish. Our hope is that by pushing ourselves to do more for each other and the environment, we will encourage others to do the same.

We are eager to share the many impactful sustainability initiatives Erwin Hymer Group has undertaken as we continue our integration of EHG into the THOR Industries family of companies. All information and policies provided currently apply to THOR companies based in the US only. Data and statistics pertain to FY2019 unless otherwise indicated.

Leading Today, Inspiring Tomorrow

A message from Bob Martin, President and CEO:

THOR Industries’ approach to Corporate Social Responsibility (CSR) is a continuous journey and is an integral part of our culture. This year, we have continued our Environmental, Social and Governance (ESG) efforts to establish a formalized and comprehensive approach to sustainability. 

Ensuring we have the best people and practices in place to lead THOR through these sustainability efforts is essential. THOR has established a Sustainability Committee consisting of leaders in different functions across the organization, and is led by our first appointed VP of Sustainability. Our steering committee meets regularly to determine objectives that drive change throughout our global organization. This committee, reporting directly to THOR’s Nomination and Governance Committee, is responsible for establishing THOR’s commitment in leading sustainability initiatives and providing insight into new developments across the organization. Our commitment to sustainability helps us understand and address environmental, social, and governance risk, while enabling us to have a greater positive impact on our customers, team members, and communities. In addition to doing what’s right, sustainability efforts will continue to help us be more resilient and more adaptive. 

Changes often come from new ideas and concepts, as well as collaboration among companies, industries and even competitors. Carving out space for innovations that may not exist today is a priority for THOR as we think about the future of our people and operations. The long-term success of our company requires the integration of sustainability efforts into all aspects of our business. THOR strives to always meet the highest standards, and will contribute toward sustainable development to ensure we make a positive and lasting impact on the communities in which we live and operate. 

This year, THOR has become a signatory of “Business Ambition for 1.5°C” signifying our further commitment to lead the fight against climate change. Our commitment is to be Greenhouse Gas (GHG) net-neutral in or before 2050, with an interim target of 50% reduction in GHG in or before 2030. We are excited about the journey in which we are embarking and look forward to seeing the impact on our planet, communities, team members and customers. 

I have signed the CEO Act!on for Diversity & Inclusion Pledge™ to reinforce our commitment to creating a more inclusive workplace. Our goal is to empower our team members to be their best and, in return, be the best organization we can be with our talent and connections. 

2020 will be remembered for many things, not least of which is the widespread disruption and uncertainty wrought by the coronavirus. Tough times test character. I am proud that our team never lost sight of our commitment to sustainability as we weathered the storm. Now, as we continue to confront this global health crisis, we are determined to continue to increase our efforts to better our company and better the world. 

Bob Martin,

THOR INDUSTRIES PRESIDENT AND CEO 

Environmental

The THOR family of companies has a proud history of leadership in reducing solid waste landfill disposal and increasing recycling. We are pleased to announce our goal of 50% reduction of solid waste landfill disposal in or before 2030. 

Social Responsibility

Taking care of our team members by supporting them in their personal and professional goals is a priority at THOR. We do this by engaging and connecting with our team members to help in their development. We continue to implement resources to cultivate and empower our people around the globe. THOR is proud of the work we do in our communities, as they are a valuable resource to our success. We continue to develop our culture and organization every day. 

Governance

THOR Industries is governed by our executive officers and Board of Directors. Our President and Chief Executive Officer is a board member, while we operate with an independent Chairman of the Board. 

Supply Management

Thor Industries, Inc. is committed to conducting our business accordance with the highest ethical standards. We strive to act with integrity and fairness in both employment and business relationships. We expect our employees to act ethically and in compliance with all applicable laws at all times, and we expect the same from those with whom we do business, including business partners, agencies and suppliers.

Sustainability Committee

The Sustainability Committee the supports on-going commitment to environmental, health, and safety, corporate social responsibility, corporate governance, sustainability, and other public policy initiatives.

FY2020 Sustainability Report

Corporate social responsibility is a lifelong behavior, and while we are far from perfect, we are committed to continuous improvement and to being leaders in our industry. By pushing ourselves to do more in the areas of this report, we intend to influence others, and in turn, make the world better by simply doing the right thing. 

FY2020 Sustainability Report