As a leader in e-mobility, we deliver the world’s first electric vehicle prototype
ELKHART, Ind., Oct. 29, 2024 /PRNewswire/ — For nearly 45 years, THOR Industries has used responsible and sustainable business practices in its operations and its products inspire people to connect with nature. , we have encouraged each other to go wherever we want. Stay Anywhere®. THOR Industries, Inc. (NYSE: THO), the world’s largest recreational vehicle (RV) manufacturer, today announced its industry-leading sustainability goals for the fiscal year ending July 31, 2024 (FY2024). We have published our 7th Annual Sustainability Report detailing our efforts. Its global family of companies.
“At THOR, sustainability is more than just a topic; it is a core principle by which we operate,” said Bob Martin, THOR President and CEO. spoke. “We are committed to making changes now to ensure a sustainable future where people can continue to connect with nature and with each other and create lifelong memories. ”
THOR receives industry-leading approval from the renowned Science Based Targets Initiative (SBTi) validation team, confirming THOR’s Scope 1 and Scope 2 short-term goals and Scope 1, 2, and 3 long-term goals We have taken an important step in our commitment to sustainability. The period target is consistent with SBTi’s 1.5°C mitigation pathway to reach net zero by 2050.
Highlights of our 2024 sustainability efforts:
THOR has proactively completed a dual materiality assessment as a first step towards compliance with upcoming European sustainability regulations. Implemented a solar power project for a North American company that has saved 3,595 MTCO2e to date. This equates to 856 petrol cars driven per year. Global Scope 1 and Scope 2 emissions were reduced by 27.4% compared to the baseline fiscal year 2019. We advanced our leadership in mobility innovation by developing the world’s first hybrid Class A motorhome test vehicle and the world’s first fully electric fifth-wheel trailer prototype. Developed in partnership with Harbinger, the hybrid Class A camper has an estimated range of 500 miles and will be certified as a near-zero emission vehicle (NZEV) under the Advanced Clean Trucks Act adopted by the California Air Resources Board ( carbohydrates). The world’s first fully electric fifth-wheel trailer prototype was successfully introduced to the operator’s dealer network at the annual dealer conference. We have debuted the Hymer Eriba® Touring Sustainability Concept Vehicle, which focuses on sustainable production methods, increases the use of environmentally friendly materials, and is expected to reduce CO2 emissions by reducing vehicle weight. Our 4th annual carbon and climate survey was submitted to CDP to provide visibility and disclosure on efforts to measure, manage, disclose and reduce greenhouse gas emissions, water use and forest impacts. Submitted. In partnership with the RV Industry Association, we re-established the RVIA Workplace Safety Committee to share best practices and serve as an educational resource. We support and partner with more than 150 nonprofit organizations across the THOR family of companies, including a strategic partnership with the National Forest Foundation whose mission is to help combat threats to the outdoor lifestyle. THOR is one of the Foundation’s most important corporate sponsors. Named to Newsweek & Statista’s list of “The World’s Most Trustworthy Companies” two years in a row; Named to Newsweek and Statista’s “America’s Most Trustworthy Companies” list three years in a row; Named to Newsweek and Statista’s “America’s Most Trustworthy Companies” list three years in a row; THOR’s sustainability efforts have earned it recognition as a Great Place to Work by U.S. News & World Report and among America’s Climate Leaders by USA Today & Statista two years in a row. Ta.
“As we continue to execute on our long-term strategic plan, we remain focused on contributing to a sustainable future that provides great outdoor experiences for our customers today and for generations to come, and this is why we ” added Todd Wolfer, THOR SVP and Chief Operating Officer. “Our global sustainability program underscores our deep-rooted commitment to improving the lives of our team members and customers, promoting the viability of our diverse communities, and promoting a clean and safe environment. ”
THOR’s 2024 Sustainability Report is published in electronic format only and can be viewed on the company’s website at www.thorindustries.com/sustainability-report.
About Thor Industries
THOR is the sole owner of the operating companies, which together make them the world’s largest manufacturer of recreational vehicles. For more information about our company and our products, please visit https://www.thorindustries.com/.
Forward-looking statements
This release contains certain statements that are “forward-looking” statements within the meaning of the Private Securities Litigation Reform Act of 1995, Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934. Included. As modified. These forward-looking statements are made based on management’s current expectations and beliefs regarding future and anticipated developments and their impact on THOR and are inherently subject to uncertainties and risks. These forward-looking statements are not guarantees of future performance. We cannot guarantee that actual results will not differ materially from our expectations. Factors that can cause significantly different results include: the impact of inflation on the cost and consumer demand for our products; the effects of fluctuations in raw material and commodity prices and/or supply constraints on raw materials, commodities or chassis; the effects of war, military conflict, terrorism, and/or cyber-attacks, including state-sponsored or ransom attacks; A sudden or material adverse change in the cost and/or availability of energy or fuels (including those caused by geopolitical events) may affect our operating costs, raw material prices, our suppliers, our independent dealers or Impact on retail customers; dependence on a small group of suppliers for certain components used in production, including chassis; interest rates and interest rate fluctuations and their potential impact on the general economy, particularly our independent dealers and consumers and our profitability; Ability to quickly increase or decrease production in response to rapid changes in demand while controlling costs and market share. the level and magnitude of warranty and recall claims incurred; the ability of our suppliers to financially support defects in their products; the financial health of our independent dealers and their ability to successfully navigate various economic conditions; legislative, regulatory, tax law and/or policy developments, including their potential impact on our independent dealers, retail customers or our suppliers; the cost of complying with government regulations; the impact of adverse outcomes or conclusions related to current or future litigation or regulatory investigations; public awareness of environmental, social, and governance issues and their associated costs; legal and compliance issues, including those that may arise in connection with recently completed transactions; Decreasing levels of consumer confidence and personal discretionary spending. the impact of exchange rate fluctuations; restrictive lending practices that may adversely impact our independent dealers and retail consumers; Changes in management. the success of new and existing products and services; our ability to maintain strong brands and develop innovative products that meet consumer demands; Ability to efficiently utilize existing production equipment. Changes in consumer preferences. Risks associated with the acquisition include: the pace and successful completion of the acquisition, the integration and its financial impact, the level of expected operating synergies achieved from the acquisition, and the unknowns or underperformance associated with the acquisition. the assessed potential for indebtedness, the company’s potential for loss; the Company’s ability to retain existing customers of the acquired company and key management teams of the acquired company; Increased labor costs and related employee benefits to attract and retain production talent when production talent is in short supply and demand is high. losses or reductions in sales to key independent dealers and the determination of inventory levels at our independent dealers; interruptions in deliveries of units to independent dealers or deliveries of raw materials, including chassis, to our facilities; Increase in freight transportation costs. our ability to protect our information technology systems from data breaches, cyber-attacks and/or network interruptions; Asset impairment charges. competition; impact of losses under repurchase agreements; The impact of a stronger U.S. dollar on international demand for U.S. dollar-priced products. general economic, market, public health and political conditions in the various countries in which our products are manufactured and/or sold; the effects of changes in emissions and other relevant climate change regulations in the various jurisdictions in which our products are produced, used and sold; changes in our investment and capital allocation strategies or other aspects of our strategic plans; changes in market liquidity conditions, credit ratings and other factors that may affect future access to financing or the cost of debt;
These and other risks and uncertainties are further discussed in Item 1A of our Annual Report on Form 10-K for the year ended July 31, 2024.
We do not intend to disseminate any updates or revisions to the forward-looking statements contained in this release to reflect changes in our expectations after the date of this release or to reflect changes in events, conditions or circumstances on which the statements are based. disclaim any obligation or undertaking to do so. Except as required by law.
Source THOR Industries
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