THOR Industries Pioneering Electric RV Prototypes, Leading the Charge in Sustainable Mobility
ELKHART, Ind., Oct. 29, 2024 /PRNewswire/ — THOR Industries, a company renowned for its dedication to responsible and sustainable business practices, has taken another giant leap towards a greener future. The world’s largest recreational vehicle (RV) manufacturer recently unveiled its seventh annual sustainability report, highlighting its industry-leading efforts to reduce environmental impact. This report showcases THOR’s unwavering commitment to sustainability, a core principle that drives its operations and inspires people to connect with nature.
“At THOR, sustainability isn’t just a buzzword; it’s a fundamental principle that guides our actions,” said Bob Martin, THOR President and CEO. “We are actively making changes to ensure a sustainable future, enabling people to create lasting memories while connecting with nature and each other.”
A Legacy of Sustainability and Innovation
THOR’s sustainability journey is marked by significant milestones. The company has earned approval from the Science Based Targets initiative (SBTi) Validation Team, validating its commitment to aligning its emissions reduction targets with the SBTi’s 1.5 ̊C mitigation pathways for reaching net-zero by 2050 or sooner.
Key Highlights from THOR’s FY2024 Sustainability Report:
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Double Materiality Assessment:
THOR proactively completed a double materiality assessment, demonstrating its commitment to complying with upcoming European sustainability regulations.*
Solar Power Implementation:
The company has installed solar projects across its North American operations, resulting in the elimination of 3,595 MTCO2e – the equivalent of removing 856 gasoline vehicles from the road for a year.*
Reduced Emissions:
THOR achieved a 27.4% decrease in global Scope 1 and Scope 2 emissions compared to the baseline fiscal year 2019.*
eMobility Leadership:
THOR has taken a bold step forward in emobility innovation, developing the world’s first hybrid Class A motorhome test vehicle and the world’s first fully electric fifth wheel trailer prototype.* The hybrid Class A motorhome, developed in collaboration with Harbinger, boasts an estimated 500 miles of range and is expected to qualify as a Near-Zero Emissions Vehicle (NZEV) under the Advanced Clean Truck legislation adopted by the California Air Resources Board (CARB).
* The fully electric fifth wheel trailer prototype was successfully introduced to THOR’s dealer network at their annual meeting.
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Sustainable Concept Vehicle:
The Hymer Eriba® Touring Sustainability Concept Vehicle showcases THOR’s commitment to sustainable production methods, featuring environmentally-friendly materials and a design that is expected to reduce CO2 emissions due to reduced vehicle weight.*
Transparency and Collaboration:
THOR has submitted its fourth annual Carbon & Climate questionnaire to the CDP, demonstrating its dedication to transparency and disclosure related to GHG emissions, water usage, and forestry impact. The company also partnered with the RV Industry Association to re-establish the RVIA Workplace Safety Committee, promoting best practices and serving as an educational resource.*
Community Engagement:
THOR supports and partners with over 150 non-profit organizations across its family of companies. This includes a strategic partnership with the National Forest Foundation, a mission-driven organization dedicated to protecting the outdoor lifestyle. THOR is a major corporate sponsor for the foundation.*
Industry Recognition:
THOR’s unwavering commitment to sustainability has earned it recognition in prestigious lists, including Newsweek & Statista’s “World’s Most Trustworthy Companies”, “Most Trustworthy Companies in America”, and “America’s Most Responsible Companies.” The company has also been recognized by US News & World Report as one of the “Best Companies to Work For” and by USA Today & Statista as an “America’s Climate Leader.”A Sustainable Future for RVing
“As we continue to execute on our long-term strategic plan, we remain dedicated to building a sustainable future that ensures exceptional outdoor experiences for generations to come,” said Todd Woelfer, THOR SVP and Chief Operating Officer. “Our global sustainability program underscores our deep commitment to enhancing the lives of our team members and customers, fostering thriving communities, and promoting a clean and safe environment.”
THOR’s FY2024 Sustainability Report is available in electronic format on the company’s website: www.thorindustries.com/sustainability-report.
ABOUT THOR INDUSTRIES
THOR Industries is the sole owner of operating companies that collectively represent the world’s largest manufacturer of RVs. For more information about THOR Industries and its products, please visit: https://www.thorindustries.com/
