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IKEA: € 1 billion additional investments for climate change measurements

IKEA, LED, multinational, company, industry, carbon, energy neutral, sustainable, energy, climate change, renewables, green power, neutral, CO2, emissions

Light emitting diodes, better known as LEDs, run cool and use very little electricity. That’s a cost benefit that furniture giant Ikea promotes.

IKEA has decided to invest an extra € 1 billion to tackle climate change, including investments in renewable energy.

Since 2009 the company has € 1.5 billion invested in wind and solar energy.

“We have got a very good year,” according to IKEA Group President and CEO Peter Agnefjäll at the presentation of the Annual Review and Sustainability Report of the past year. “As a result we have been able to continue significant investments in sustainability, improving our product portfolio and more increasing the number of our stores.”

Sustainability Report 2015:

  • IKEA Group and IKEA Foundation have committed to an additional investment of € 1 billion to tackle climate change.
  • In addition, IKEA Group attracts € 600 million for renewable energy, in addition to the € 1.5 billion it has invested since 2009 in wind farms and solar energy systems.
  • The IKEA Foundation has pointed € 400 million to 2020, for aid to those who suffer the most from climate change.

Nowadays, the IKEA Group generates 53 percent of the renewable energy it consumes. In 2020, the company wants to be 100 percent carbon neutral.

  • In 2015, IKEA Group sold more than 90 million LED lights
  • The CO2 emissions of the IKEA business fell by 7% in 2015 to 734 273 tons.
    The long-term goal is 50% reduction.
  • In 2020, IKEA plans an energy sustainable production and use throughout the company.

Steve Howard, Chief Sustainability Officer, IKEA Group: “We are committed to combat climate change in order to protect natural resources and to eradicate inequality. Everyone should feel really involved within the company.

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