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15 January 2023

WEF 2023 – The clock is ticking on tackling the climate crisis

As the 53rd World Economic Forum Annual Meeting (WEF) in Davos gets underway, Ingka Group CEO Jesper Brodin, together with over 120 business leaders from the World Economic Forum Alliance of CEO Climate Leaders will be attending the annual meeting as part of their commitment to tackle the climate crisis and are calling on governments to take further action.

The Annual Meeting will take place from 16-20 January and will convene leaders from government, business, and civil society to address the state of the world and discuss priorities for the year ahead. The meeting provides a platform to engage in constructive, forward-looking dialogues and help find solutions through public-private cooperation. Ingka Group will be represented by Jesper Brodin, CEO and Juvencio Maeztu, Deputy CEO and CFO at the meeting. The theme for the World Economic Forum this year is ‘Cooperation in a Fragmented World’.

“No one government, business, organisation, or person can solve this alone. We must work together – with speed and action – the clock is ticking. The upcoming week in Davos is an important milestone, both to engage more leaders and companies as well as continue our journey to show that it is good business to be a good business.” says Jesper Brodin, CEO, Ingka Group.

Jesper Brodin, CEO, Ingka Group

Ahead of WEF, Jesper Brodin together with other business leaders, including Christian Mumenthaler from Swiss Re, Helena Helmersson from H&M, and the WEF Alliance of CEO Climate Leaders are calling for governments to eliminate fossil fuel subsides; cut tariffs on climate friendly goods; support and incentivise net-zero first movers; and invest in climate adaptation. See the call to action in the video below.

As a multinational business, IKEA is committed to the Paris Agreement and to contribute to limiting the global temperature rise to 1.5°C above pre-industrial levels. This includes a commitment to become climate positive by 2030*, through reducing more greenhouse gas emissions than the total IKEA value chain emits, while growing the business and a commitment to reach net-zero by 2050 at the latest.

IKEA believes that, together with partners, it can use its size and reach to play a role in accelerating climate action by influence and working together with governments and the private sector.

About WEF:

The World Economic Forum is the International Organization for Public-Private Cooperation. The Forum engages the foremost political, business, cultural and other leaders of society to shape global, regional and industry agendas. It was established in 1971 as a not-for-profit foundation and is headquartered in Geneva, Switzerland. It is independent, impartial and not tied to any special interests.

*IKEA is committed to the Paris Agreement and to contribute to limiting the global temperature rise to 1.5°C above pre-industrial levels. This includes a commitment to halve the absolute net GHG (greenhouse gas) emissions from the total IKEA value chain by 2030. We will achieve this by drastically reducing GHG emissions through science-based targets and by removing carbon from the atmosphere through natural processes and storing it in land, plants and products through better forest and agriculture management within the IKEA value chain. We will contribute to further greenhouse emission reductions in society by going beyond IKEA, such as enabling customers to generate renewable energy at home. Read more about the IKEA commitment here.


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