- Science Based Targets initiative
Ingka Group commits to reduce absolute scope 1 and 2 GHG emissions 80% by financial year 2030, from financial year 2016. For scope 3, Ingka Group also commits to reduce GHG emissions from customer and co-worker travel and customer deliveries by 50% in relative terms. Inter IKEA Group, which is responsible for developing the IKEA range and supply chain, commits to reduce emissions relating to home furnishing products and food by at least 15% in absolute terms for the same period, translating to a reduction of 70% per product on average, if you take the growth targets into account.
Initiatives we are part of
We Mean Business
World Economic Forum (WEF)
CEO Climate Alliance
IKEA’s vision to power our daily livesSince 2009 Ingka Group, (IKEA’s largest franchisee) has invested EUR 1.7 billion in renewable energy, and we continue to invest to reach our target of generating more renewable energy than we use by 2020. Some of our stores have reduced their electricity costs by up to 25% through onsite solar energy generation. We are also showing our leadership by inviting customers to be part of the clean energy revolution through our offer. Our home solar offer is in six markets today, and will be available in all 30 markets by 2030. Already today, renewable energy is creating millions of jobs around the world, and our commitment to investing in this industry across all our markets will help to create more jobs and growth.
Hermes Investment Management
Hermes Investment Management is an investment management firm providing public and private markets investment strategies and engagement services to institutional and wholesale investors, operating worldwide.