87 multinationals RE100 member

87 multinationals RE100-member

“IKEA Group investments into wind and solar energy generation contribute to the shift to a low carbon economy, and from a business perspective, help to secure our future as we become energy independent.” – Steve Howard, Chief Sustainability Officer, IKEA Group

87 of the world’s leading companies are now members of RE100.

Together they have a creating demand for around 107 Terawatt hours (TWh) of renewable electricity – around the same amount of power consumed by the United Arab Emirates or The Netherlands. Read More

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.”

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IKEA plans to invest 1.5 billion euro in Climate Change

IKEA, renewable energy, climate change, wind power, sun power, greenhouse gas, emissions, CO2

IKEA wants to produce at least 70% of the energy by 2016 and wants to increase it to full energy independence by 2020.

The next five years furniture giant IKEA will spend 1.5 billion euros (1,7 billion USD) to the development of renewable energy and other measures to help tackle climate change

  • 500 million euros (565 million USD) will be given to develop wind energy
  • Another investment of 100 million (112 million USD) will be spend for further development of solar energy
  • People in regions that are hardest hit by global warming will receive 400 million euros (450 million USD)

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