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COP26
Let's rise to our greatest challenge

IKEA and COP26 logos

At IKEA, we’re guided by our vision to create a better everyday life for the many people. A better planet is a better home for us all — but climate change threatens this for people today and generations to come.

 

That is why IKEA is committed to becoming climate positive by 2030. That means we’ll reduce more greenhouse gases than our value chain emits — all while growing our business. We are also committed to the Paris Agreement and to helping limit global temperature rise to 1.5°C above pre-industrial levels.

Accelerating the move to renewable energy is key to reducing greenhouse gas emissions and keeping 1.5°C within reach. To get there, we’re embracing a number of actions — including phasing out fossil fuels and striving towards 100 percent renewable energy across the IKEA value chain by 2030. Here’s how we’ve already started the transition towards renewable energy.

In 2020, 13 of our direct home furnishing suppliers used 100 percent renewable energy; another 61 used more than 90 percent. And in June 2021, IKEA announced a program with the intention of securing 100 percent renewable electricity at direct suppliers — especially in markets where it’s traditionally been difficult to access renewable energy. The ultimate goal is to have 100 percent renewable electricity consumption across IKEA’s own operations by 2025.

Moreover, as of 2020, Ingka Group owned and managed 547 wind turbines in 14 countries, two solar parks and 935,000 solar panels on the roofs of IKEA stores and warehouses. (In 2021, Ingka Investments acquired a 49 percent stake in eight solar PV parks in Russia; they provide enough electricity to power all 17 IKEA stores and parts of shopping centres in the country.) Our total installed renewable energy power exceeds 1.7 Gigawatts – enough energy to power over 1 million European households every year. 2020 also saw Ingka Group generate renewable energy that’s equivalent to 132 percent of our energy consumption: 66 percent of the electricity used in our buildings came from renewable sources and 40 percent of our stores and distribution centres had renewable heating and cooling systems.

In addition, Ingka Investments has put 2.5 billion euros into renewable energy infrastructure since 2009 (In 2021, we even raised our investment by an additional 4 billion euros.) This investment helps us work towards securing renewable electricity consumption at IKEA retail operations and in the wider value chain across countries like China, South Korea, India and Australia.

Our acceleration towards clean energy is a work in progress. Nevertheless, we hope that we inspire businesses, governments and policy makers to take ambitious climate action. 

Join us to rise to our greatest challenge

We urge businesses to set science-based targets in line with the 1.5°C degrees benchmark to halve emissions by 2030. A clear roadmap and transparent reporting are essential to this process. We also encourage cross-sector collaboration and advocacy to drive the renewable energy transition. For example, joining RE100, the WEF CEO Climate Leaders Alliance, EV100 or the We Mean Business Coalition are all effective steps forward.

When it comes to governments, we support the key demands from the We Mean Business Coalition regarding energy, which include demands to end coal financing immediately, end coal exports, and phase out the use of coal by 2030 for OECD countries (and 2040 for non-OECD countries at the latest). We want to see roadmaps for phasing out all fossil fuel subsidies and financing by 2025. Moreover, governments and policy makers should invest in energy efficiency solutions and smart grid infrastructure that integrates renewable energy. It’s also time to commit to public procurement and stimulate corporate procurement of renewables.

Last but not least: government and policy makers should commit to reaching 100 percent clean energy and power systems by 2040 or soon after.

Climate change is our greatest challenge — but we’re ready to rise to it. The moment is now.

Let’s assemble a better future.

Read more

Read more about our initiatives to help us become more people and planet positive.