| Invested through |
|
|---|---|
| Asset Classes | Listed equity |
| Impact strategy | Impact Equities and Bonds |
| ISIN code | SE0006422390 |
| Industry group | Consumer Durables & Apparel |
| Aligned with SDGs |
Thule is a world leader in products that support active lifestyles. The company offers products within the following product categories:
• Sport & Cargo Carriers (e.g. roof racks, rooftop boxes, bikes carriers, water and winter sports equipment being transported by car);
• RV Products (e.g. awnings, bike racks and tents for motor homes and caravans);
• Active with Kids (e.g. bike trailers, strollers, child bike seats);
• Packs, Bags & Luggage (e.g. hiking backpacks, suitcases and camera bags).
Thule primarily serves western markets. The majority of revenues are from Europe followed by North America.
Investment rationale
Thule's products encourage sports, an active urban lifestyle, and outdoor activities at weekends and holidays. Its Sport & Cargo Carriers, with over 50% of global market share, enables its customers to take their bikes and sports equipment to holiday or recreational destinations.
Additionally, Thule's Active with Kids product line, its fastest growing category, improves mobility for people with children. Thule's strollers designed for urban environments and different types of terrain make it easy for users to get around comfortably out in the city or in nature. Furthermore, Thule's line of bike trailers and child bike seats encourage urban commuting by bike, especially in cities where cycling is integrated in daily life. For its products that support commuting with children by foot, bike, and public transport (e.g. strollers), Thule is also a fit with Sustainable Mobility and Infrastructure. Finally, Thule is well-known for its high product quality and safety and incorporates sustainability into its development and design stage early on. We therefore believe that the company also makes a positive contribution to child prosperity, as it enables children to be outside with their parents in a safe way.
Alignment with Triodos Transitions:
73% of the company's revenues is aligned with the Wellbeing Transition and 62% of revenues is aligned with the Energy Transition. The contribution to the Wellbeing Transition comes from 62% of revenues related to the impact objective Healthy Lifestyle, and 11% of revenues related to the impact objective Safety & Security. The contribution to the Energy Transition comes from 62% of revenues related to the impact objective Clean Transport.