Potential offtaker

Thule Group

www.thulegroup.com

Estimated electricity consumption

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Countries of production presence

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Thule Group is a Swedish company that operates in the sporting goods sector. Founded in 1942, the company has a long history of producing high-quality outdoor equipment, including roof racks, bike carriers, and camping gear. Today, Thule Group is a global leader in the industry, with operations in over 50 countries around the world.

One of the key priorities for Thule Group is decarbonisation. The company recognizes the urgent need to reduce greenhouse gas emissions and mitigate the impacts of climate change. To this end, Thule Group has implemented a number of initiatives to reduce its carbon footprint and promote sustainable practices.

One of the most significant steps that Thule Group has taken is to invest in renewable energy. The company has installed solar panels on the roofs of its factories and offices, which generate clean energy to power its operations. Thule Group has also signed corporate power purchase agreements (PPAs) with renewable energy providers, which guarantee a supply of renewable energy to the company's facilities.

In addition to these measures, Thule Group has also implemented a range of energy efficiency measures to reduce its overall energy consumption. This includes upgrading lighting systems, installing energy-efficient equipment, and optimizing heating and cooling systems.

Thule Group has also set ambitious targets for reducing its greenhouse gas emissions. The company has committed to reducing its emissions by 50% by 2030, compared to a 2019 baseline. To achieve this goal, Thule Group is implementing a range of measures, including the use of renewable energy, energy efficiency improvements, and the adoption of low-carbon technologies.

Another key aspect of Thule Group's sustainability strategy is its focus on corporate social responsibility. The company is committed to upholding high ethical standards in all its operations, and to promoting social and environmental sustainability throughout its supply chain.

Thule Group has implemented a range of initiatives to promote responsible sourcing and production. This includes working with suppliers to ensure that they meet the company's standards for ethical and sustainable practices, and implementing a code of conduct for all suppliers.

Thule Group is also committed to promoting diversity and inclusion in its workforce. The company has established a range of initiatives to support diversity and inclusion, including training and development programs, mentorship schemes, and employee resource groups.

Overall, Thule Group is a company that is committed to promoting sustainability and responsible practices in all its operations. Through its focus on decarbonisation, corporate energy, corporate PPAs, and renewable energy, the company is taking concrete steps to reduce its carbon footprint and promote a more sustainable future.

✓ Science Based Targets member
✓ Declared Net Zero commitment