IKEA Group science-based targets approved - contributing to IKEA ambition to become climate positive by 2030 - IKEA — ikea.com

IKEA Group (Ingka Holding B.V. and its controlled entities) has set science-based targets, to challenge ways of working and drive innovation, all to ensure that the business contributes to reaching the targets set under the Paris Agreement . IKEA Group is the largest IKEA franchisee with 363 stores in 29 markets.“Taking action on climate change is not only the right thing to do for people and the planet, it’s necessary for our long-term success as a business. Setting science-based targets will challenge us to find new and better ways, as well as drive innovation and renewal in our business. We encourage other companies to join us in accelerating the transition to a low-carbon economy which boosts investment, employment and innovation.” says Pia Heidenmark Cook, Chief Sustainability Officer, IKEA Group. The targets for 2030 approved by the Science Based Targets initiative include: Reduce the greenhouse gas emissions from IKEA Group stores and other operations by 80% in absolute terms, compared to 2016. Reduce greenhouse gas emissions from IKEA Group customer and co-worker travel and customer deliveries by 50% in relative terms, compared to 2016. Inter IKEA Group, the worldwide IKEA franchisor and responsible for the IKEA range and supply chain, commits to reduce the greenhouse gas emissions from the IKEA value chain by at least 15% in absolute terms by 2030, compared to 2016. This translates to a 70% reduced climate footprint on average per IKEA product. The Science Based Targets initiative helps companies determine a pathway for reducing their emissions in line with the Paris Agreement’s goal of limiting global warming to well below 2°C above pre-industrial levels. It is a collaboration between CDP, the United Nations Global Compact, World Resources Institute (WRI) and the World Wide Fund for Nature (WWF) and is one of the We Mean Business Coalition commitments. Alexander Liedke, WWF Germany’s Sustainable Business & Markets Manager and member of the Science Based Targets initiative steering committee says: “We congratulate IKEA Group on its bold new climate targets, which align its strategy with the goals of the Paris Agreement. It is particularly encouraging to see IKEA addressing the emissions associated with the products it sells – as a company with a large global footprint, it has the ability to help drive down emissions in households around the world.” The science-based targets are an important part of the IKEA ambition of becoming climate positive by 2030, and reduce more greenhouse gas emissions than the IKEA value chain emits, while growing the IKEA business. To keep global temperature increase to maximum 2 degrees over pre-industrial levels, aiming for 1.5 degrees. The scope includes the footprints of materials, food ingredients, transport, the production at suppliers, and the use of products in people’s homes. Read more about the IKEA sustainability commitments and ambition to become climate positive here: https://www.ikea.com/gb/en/this-is-ikea/newsroom/press-release/ikea-launches-new-people-planet-positive-strategy/For more on IKEA Group’s sustainability performance, read the IKEA Group FY17 Sustainability Summary Report: https://www.ikea.com/gb/en/doc/ikea-download-the-2017-ingka-holding-b.v.-sustainability-summary-report-pdf__1364526394201.pdf Read more about the Science Based Targets initiative at http://sciencebasedtargets.orgIKEA Group Media Relations: +46 70 993 6376 or corporate.communications.gl@ikea.comAbout the IKEA Group IKEA Group (INGKA Holding B.V. and its controlled entities) is one of 11 different groups of companies that own and operate IKEA sales channels under franchise agreements with Inter IKEA Systems B.V. IKEA Group is the world’s largest home furnishing retailer and operates 363 stores in 29 countries. Our vision is to create a better everyday life for the many people. IKEA Group offers well-designed, functional and sustainable home furnishing products at prices so low that many people are able to afford a beautiful and functional home. IKEA Group stores had 817 million visits during FY17 and 2.1 billion visits www.IKEA.com.

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