To spark real change, Ingka Group today announced from the World Economic Forum meeting in Davos*, it has developed a prototype of a platform called Action Speaks where impactful climate solutions that can be scaled will be showcased, to inspire and accelerate more action.
“With this new platform we want to create a community of hope and encourage climate action at scale with real impact to support the transition to net-zero by 2050. We see people and companies are longing to contribute to change and to inspire with hope and solutions to create a positive impact on people and the planet”
– Jesper Brodin, CEO of Ingka Group
“We believe partnering with WEF can help to play a role in accelerating climate action and reach many across the private sector, governments, and individuals through collaboration and advocacy. We strongly encourage companies to register and get involved”
– Karen Pflug, CSO of Ingka Group
Developed in collaboration with the World Economic Forum, the new interactive platform will be hosted on WEF Forum Spaces and be divided into different parts focusing on how we eat, power, move, make, and grow and includes solutions that have already been developed with the aim to be scaled up. Solutions range from addressing food waste to enhancing energy efficiency, protecting, and restoring ecosystems and more.
The platform enables sharing of good examples to inspire other companies and value chain leaders to take action from learning, copying or adapting. Company examples will come from SSAB, NOTPLA and Volvo Cars amongst others and there will also be an opportunity for other businesses to sign up to join the Action Speaks community.
Speaking from Davos, Jesper Brodin, CEO Ingka Group I IKEA says “We are in the most important decade for climate action in history, and with 2023 now confirmed as the hottest year on record, only action will create the change we need to be on track with the Paris Agreement and 1.5 degrees. With this new platform we want to create a community of hope and encourage climate action at scale with real impact to support the transition to net-zero by 2050.
We see people and companies are longing to contribute to change and to inspire with hope and solutions to create a positive impact on people and the planet. Solutions are out there, now we need to get many more to transition with speed to drastically reduce carbon emissions. Only together can we accelerate the implementation and scale the positive impacts,” he says.
Jesper Brodin, CEO of Ingka Group at Davos 2024
The platform builds on the success of Ingka Group’s recent Action Speaks Summit in September 2023, held during Climate Week in New York. The Action Speaks Summit featured impactful climate solutions from over 30 companies, including Volvo, Harley Davidson and Retour Matras.
Although many climate solutions from business already exist there is a gap when it comes to the awareness, implementation as well as the ability to inspire many more people to take action with speed and scale. We believe partnering with WEF can help to play a role in accelerating climate action and reach many across the private sector, governments, and individuals through collaboration and advocacy. We strongly encourage companies to register and get involved,” adds Karen Pflug, Chief Sustainability Officer, Ingka Group.
As a 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**. As a multinational business Ingka Group believes that, together with partners, it can use its size and reach to play a role in accelerating climate action even further.
As co-chair of the WEF CEO Climate Leaders Alliance, Jesper Brodin, together with Deputy CEO and CFO Juvencio Maeztu, are attending the annual World Economic Forum meeting taking place in Davos, as part of the IKEA commitment to tackle the climate crisis and advocate for public-private cooperation across a range of business topics. The meeting provides a platform to engage in constructive, forward-looking dialogues and help find solutions through public-private cooperation. It will be attended by more than 100 governments, major international organizations, as well as civil society leaders, NGOs and academics.
IKEA is one of first companies to commit to making nature-related disclosures in its reporting.
During the meeting in Davos, it was also announced IKEA would become one of over 320 companies to sign up and commit to start making nature-related disclosures in its reporting, based on new recommendations published in September 2023 by the Taskforce on Nature-related Financial Disclosures (TNFD). The recommendations and guidance aim to enable businesses to integrate nature into decision making, and ultimately support a shift in global financial flows away from nature-negative outcomes and toward nature-positive outcomes.
“Nature loss is one of the biggest challenges facing humanity, deeply connected with the climate crisis, and growing social inequality around the world. Nature urgently needs attention and collaboration from us all, which is why we are delighted to share that we are one of 320 companies joining the TNFD early adopter. We see nature-related issues as a strategic business issue and believe the TNFD recommendations will guide us to access risks and opportunities. We know that our future relevance, success and resilience is directly linked to how we nature now,” Jesper Brodin concludes.
For more information on the new Action Speaks platform and to register with action speaks community and get involved, register here: www.actionspeaksplatform.com. To view the WEF session presentation of the Platform please click here
Below, the prototype platform with company examples from SSAB, NOTPLA and Volvo Cars:
For information on Action Speaks and the Summit that took place during Climate Week in September 2023 please visit Ingka.com here: Action Speaks Summit 2023 | Ingka Group
Why we advocate for a net zero world – To read more information on Ingka Group’s climate advocacy and policy asks, please go to the climate advocacy page on Ingka.com here: Climate change advocacy | Ingka Group
*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. IKEA is committed to become climate positive by 2030 by taking action across the IKEA value chain and beyond. This includes a commitment to halving greenhouse gas (GHS) emissions in absolute terms from the total IKEA value chain by 2030, including emissions reduction, carbon removal and storage. Read more about the IKEA commitment here.
About Ingka Group:
With IKEA retail operations on 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 www.ingka.com.