Ingka Group endorses WEF COP30 letter urging action to unlock the next wave of green growth

Ingka Group, the largest IKEA retailer, is endorsing an open letter from the World Economic Forum’s Alliance of CEO Climate Leaders. The letter, released ahead of the UN Climate Change Conference 2025 (COP30), highlights the proven commercial potential of the climate economy and calls on world leaders and policymakers to work closer together to accelerate the transition to a low-carbon and climate-resilient future. The actions taken today to unlock this historic commercial opportunity will determine the speed and scale of the green transformation.

Under current global policies, the world is on track for 2–3°C of global warming: well above the 1.5°C target of the Paris Agreement. This underscores the urgent need for more ambitious action. At the same time, the business case for climate action is stronger than ever. From 2019–2023, the 134 Alliance members, grew revenues by 20% while cutting absolute emissions by 12% – with Scope 1 down 25% and Scope 2 down 33% – proving that growth and decarbonisation can go hand in hand.  The Alliance is the world’s largest CEO-led community dedicated to net zero emissions, representing $4 trillion in annual revenues, 12 million employees, and ~5 Gt of CO₂ emissions. Ingka Group have been members of the Alliance since 2018, and CEO Jesper Brodin is a co-chair of the Alliance.

Ingka Group continues its work to deliver to the Paris Agreement and become net-zero by reducing absolute greenhouse gas emissions from the entire value chain by at least 50% by 2030 and 90% by 2050. Since the Agreement was signed in 2016, the company has reduced its carbon footprint across its full value chain by 30.1%, while growing the business with 23.7%[1]. This has been achieved by implementing  zero emission deliveries, energy efficiency measures, reducing  operational waste, and sourcing renewable electricity to match its consumption. At the same time, Ingka Group has invested more than €4.2 billion out of its total commitment of€7.5 billion by 2030 to accelerate the transition to a renewable future.

The Alliance letter calls on governments to maintain stable and ambitious climate policies, scale up climate finance, and remove barriers to deploying renewable energy and other low-carbon solutions. It also urges businesses to set science-based targets, drive decarbonisation across value chains, and invest in resilience and adaptation.

“Strong, well-designed climate plans can serve as blueprints for more resilient and prosperous economies – delivering more jobs, better health, affordable energy, and new opportunities for business. Upholding the commitments of COP28, such as accelerating the renewable energy transition, phasing out fossil fuels, and increasing energy efficiency, will be essential to achieving these benefits,” Brodin adds.

Read the full open letter from the Alliance of CEO Climate Leaders here.

References

1. 1. UNEP Emissions Gap Report 2024

About Ingka Group
With IKEA retail operations in 31 markets, Ingka Group is the largest IKEA retailer and represents about 90% of IKEA retail sales. It is a strategic partner to develop and innovate the IKEA business and help define common IKEA strategies. Ingka Group owns and operates IKEA sales channels under franchise agreements with Inter IKEA Systems B.V. It has three business areas: IKEA Retail, Ingka Investments and Ingka Centres. Read more on Ingka.com.