As the global leader in RV manufacturing, we are invested in leading the industry in the fight against environmental threats to the outdoor and RV lifestyles. In support of these efforts, we became a signatory to Business Ambition for 1.5° C, and we committed to our goal of net-neutral carbon GHG emissions in or before 2050, with an interim target of a 50% reduction in Scope 1 and Scope 2 emissions in or before 2030.
Sustainability Approach
We are committed to design and responsibly manufacture innovative products that allow our end consumers the freedom and flexibility to enjoy the outdoors and connect with nature in a sustainable manner, whenever and wherever they want. We are also committed to providing a safe and inclusive workplace for our team members and to support the communities in which our team members live and work.
Our sustainability strategy reflects input from our stakeholders, results of our sustainability risk management process and our identified sustainability priorities. We continue to build and advance our sustainability strategy to identify opportunities for improvement across our company to meet the needs of our team members, partners, consumers and communities while actively addressing our impact on the environment. Our sustainability strategy aligns with our business strategy and focuses on three elements: environmental concerns, social responsibility and governance.
Environmental
Minimizing our impact on the planet and contributing to a more sustainable future is a key focus area in our overall sustainability strategy. In an effort to take action to combat climate change and its impacts, our environmental strategy focuses on reducing GHG emissions, reducing waste to landfill and using water in a more conservative manner. As part of our environmental strategy, we are focused on creating innovative solutions including, but not limited to: 1) selective automation initiatives at our plants to create lighter-weight products with higher quality and less waste, 2) sustainable product innovations that enable more efficient usage of onboard vehicle resources like water and energy, 3) connected vehicles that make it easier for consumers to use our products and better understand their resource usage to encourage more sustainable behaviors and 4) the development of electric vehicles to reduce reliance on internal combustion engines, thereby helping to drive lower GHG emissions.
Social
People are at the center of our sustainability efforts. Social issues, ranging from the health and safety of our team members to inclusive and equitable career development to the empowerment of all women and girls, are the foundation of our social strategy. In addition, our focus on community engagement is a priority, and key social areas are an important part of our corporate initiatives.
In support of our social strategy, specifically regarding the health and safety of our team members, selective automation initiatives have been implemented at our plants to provide a safer and more ergonomic work environment for our team members.
We believe our social strategy to influence our company culture and be present in our communities allows us to continue leading the way for our family of companies.
Governance
Our governance strategy focuses on transparency in reporting and alignment with evolving sustainability requirements.
Social Responsibility
We prioritize the well-being, health and safety of our team members and focus on issues around diversity, equity and inclusion while implementing an ethical and connected company culture. We engage with our communities through partnerships and direct giving to support the health and well-being, education and gender equality within our communities, and we continually explore ways to give back to these communities.
Governance
Our executive officers and Board of Directors view oversight and effective management of sustainability-related risks and opportunities as essential to our ability to execute our strategy and achieve long-term sustainable growth.
Supply Management
THOR Industries, Inc. is committed to conducting our business in 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.
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