FY2020 Sustainability Report

FY2020 Sustainability Report

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