Climate Change Data

THOR Industries, Inc.

Climate Impact & Sustainability Data (2022)

Reporting Period: 2022

Environmental Metrics

Total Carbon Emissions:97,146 MT CO2e (North America); Global Absolute Emissions were 97,146 MT CO2e
Scope 1 Emissions:Not disclosed
Scope 2 Emissions:Not disclosed
Scope 3 Emissions:Assessment in progress
Renewable Energy Share:Not disclosed
Total Energy Consumption:41,726 MWh (clean electricity in Europe); 3,266 MWh (clean energy generated in North America)
Water Consumption:95,963,393 gallons (Total)
Waste Generated:93,608 metric tons (Global)
Carbon Intensity:0.77 MT CO2e per $100,000 of revenue (North America)

ESG Focus Areas

  • Environmental
  • Social
  • Governance

Environmental Achievements

  • European operations became carbon net-neutral in their RV manufacturing facilities.
  • Generated 3,266 MWh of clean energy, eliminating 2,337 MT of CO2e.
  • Reduced Scope 1 emissions by investing in more energy-efficient material handling equipment (estimated 915 MT CO2e).
  • Reduced Scope 2 emissions through LED lighting projects (estimated reduction of more than 5,000 MT CO2e annually).
  • Planted over 250,000 trees.

Social Achievements

  • Launched Together Outdoors coalition to foster diversity, equity, and inclusion in outdoor recreation.
  • Continued two-year partnership with Girl Scouts.
  • Established a Diversity, Equity, and Inclusion (DEI) Framework.
  • Offered various health and well-being benefits to employees.
  • Developed a new Executive Development program.

Governance Achievements

  • Expanded ERM program to include more sustainability and climate-related risks.
  • Submitted second annual submission of the CDP’s Carbon & Climate Questionnaire.
  • Implemented robust security measures and processes to protect information systems.

Climate Goals & Targets

Long-term Goals:
  • Achieve carbon net-neutral emissions by 2050.
Medium-term Goals:
  • Not disclosed
Short-term Goals:
  • Reduce solid waste to landfill by 50% by 2030.
  • Reduce Scope 1 and Scope 2 GHG emissions by 50% by 2030.

Environmental Challenges

  • Transition risks related to a lower-carbon economy (policy actions, litigation, technological innovations, market shifts).
  • Physical risks from natural disasters in northern Indiana (where most facilities and suppliers are located) and the availability of camping and RV facilities.
  • Human capital risks due to competition for skilled workers.
  • Achieving 50% reduction in solid waste to landfill by 2030.
Mitigation Strategies
  • Investing in cutting-edge battery technology and aerodynamic design improvements.
  • Developing an electrification strategy (electric RV concepts).
  • Implementing selective automation at plants to improve ergonomics and product quality.
  • Expanded annual safety audit program.
  • Supplier self-assessment questionnaires to understand and address sustainability issues within the value chain.
  • Investing in energy efficiency, renewable electricity, and carbon offset projects.

Supply Chain Management

Supplier Audits: 2 supplier surveys sent to top suppliers

Responsible Procurement
  • Ethical standards
  • Conflict minerals
  • Modern slavery policies

Climate-Related Risks & Opportunities

Physical Risks
  • Extreme weather events
  • Natural disasters
  • Availability of camping and RV facilities
Transition Risks
  • Policy actions
  • Litigation
  • Technological innovations
  • Market shifts
Opportunities
  • Development of energy-efficient products
  • Investment in cutting-edge battery technology

Reporting Standards

Frameworks Used: TCFD, SASB, UN Global Compact

Certifications: Null

Third-party Assurance: Not disclosed

UN Sustainable Development Goals

  • SDG 3 (Good Health and Well-being)
  • SDG 4 (Quality Education)
  • SDG 5 (Gender Equality)
  • SDG 6 (Clean Water and Sanitation)
  • SDG 9 (Industry, Innovation and Infrastructure)
  • SDG 13 (Climate Action)

THOR's initiatives contribute to these goals through various programs and strategies outlined in the report.

Sustainable Products & Innovation

  • Elkboard
  • Electric RV concepts (THOR Vision Vehicle, Airstream eStream)

Awards & Recognition

  • Newsweek’s list of America’s Most Trusted Companies 2022
  • Airstream eStream earned 2022 Red Dot Product Design Award