ELKHART, Ind., April 20, 2021 /PRNewswire/ -- THOR Industries
Inc. (NYSE: THO) has published its Carbon and Climate Report detailing
the recreational vehicle (RV) leader's sustainability risk
management approach for managing the business threats presented by
climate change. The disclosure also presents a plan for mitigating
direct and indirect carbon emissions, also known as Scope 1 and
Scope 2 emissions, across the Company's operations.
THOR Industries' steady spotlight on sustainability as a
business imperative comes as the world celebrates the 51st Earth
Day and the kickoff to the camping season. Since the beginning of
2020, more individuals and families than ever are turning to the
outdoors for relaxation, fun and connection with nature and each
other—a trend predicted by business analysts to continue for the
long term.
"Climate change is a direct and real threat to the environment
our owners rely on to enjoy the RV lifestyle, which creates a
threat to our business. Aside from being the right thing to do, it
is imperative for THOR Industries to manage these risks and lead
the RV industry in doing so. Our Disclosure on Carbon and Climate report sets a baseline and
the action steps needed to deliver on our ambitious sustainability
goals," said Chris Workman, Vice
President of Global Supply Management and Sustainability.
The Carbon and Climate
Report quantifies current emissions across the THOR family of
companies, defines reduction targets and identifies key actions to
help realize THOR's carbon net-neutral goal by 2050, including:
- Engaging with electricity partners to understand and drive
conversion to renewables
- Internal investments in renewable energy self-generation
- Reduction of energy use, including a recent investment of
$1,279,000 anticipated to realize an
estimated 10,815 MWH energy reduction
- An expanded partnership with the National Forest Foundation to
plant half a million new trees by 2025
In 2020 THOR, the largest manufacturer of RVs in the world,
signed the UN Global Compact "Business Ambition for 1.5°C", making
an industry-leading commitment to achieve 50% reduction in
greenhouse gas emissions by 2030 and achieve net neutrality by
2050.
According to Workman, the progress the Company has made in
establishing significant sustainability targets and benchmarking
impacts is a natural progression of its growth and long-term
business goals.
"THOR views sustainability as both a business imperative and an
opportunity for positive environmental and social change. What is
good for the outdoors benefits our owners, industry partners and
ultimately, our business. We will continue to make improvements,
share progress and challenge ourselves and our family of companies
to do more," said Workman.
Subsequent reporting on THOR's carbon emission reduction efforts
will be included in the Company's annual sustainability report.
About THOR Industries, Inc.
THOR Industries is the
sole owner of operating companies which, combined, represent the
world's largest manufacturer of recreational vehicles. For more
information on the company and its products, please go to
www.thorindustries.com.
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SOURCE THOR Industries