Ingka Group, the retail giant behind IKEA, has unveiled a bold Net Zero Transition Plan aimed at reducing its carbon emissions by 50% by 2030. The plan, which aligns with the Paris Agreement’s 1.5°C target, sets out a detailed roadmap for decarbonizing its operations and value chain by FY30, with the goal of reaching net zero emissions by FY50.
Key actions outlined in the plan include scaling up zero-emission deliveries, expanding renewable energy usage, adopting renewable heating and cooling, and embedding sustainability into senior management decisions. The company has committed to a variety of strategies to address major emission sources, such as enhancing energy efficiency, optimizing mobility, and investing in circular solutions.
Ingka is urging governments, industries, and consumers to collaborate on accelerating the transition to sustainability. The company also advocates for bold policy actions in the lead-up to COP30, including ambitious climate plans, fossil fuel phase-out, and greater renewable energy adoption.
Since FY16, Ingka Group has reduced its total climate footprint by 30.1% across Scope 1, 2, and 3 emissions, while growing its business by 23.7%. This progress is driven by increased renewable energy sourcing, energy efficiency measures, and lower product volumes.
Karen Pflug, Chief Sustainability Officer of Ingka Group, emphasized the importance of transparency in addressing climate challenges and innovation gaps, signaling IKEA’s determination to lead the way toward a sustainable, net-zero future.
Excerpts from https://esgnews.com
IKEA-LOGO-Photo-by-ilgmyzin-on-Unsplash
