Swedish-owned homeware giant IKEA claims to have reduced its carbon footprint by five 5% in a year, media reported citing the company’s new 2022 Sustainability and Climate Reports.
IKEA says the reduction – which amounts to 12% when compared to its baseline of 2016 – is mainly due to an increased share of renewable energy in both retail and production.
In the climate report, IKEA’s footprint in the financial year 2022 (FY22) is estimated to be around 25.8 million tonnes of CO2 – a 5% decrease compared to the FY21, and a 12% decrease in comparison to the baseline FY16.
“With six years of CO2 budget left in the world to limit global warming to 1.5°C, the need to act is more important than ever,” says Jon Abrahamsson Ring, CEO, of Inter IKEA Group.
“We are committed to doing our part, taking a full value chain approach, working towards becoming climate positive, and securing a just transition.”
The new Sustainability Report highlights IKEA’s increase of renewable electricity in production to 64% compared to 52% in FY21.
To speed up the reduction of the climate footprint from production, IKEA has decided to include 10 additional markets into the programme to support suppliers to switch to renewable electricity.
“Every year, more than 2.4 billion people are exposed to dangerous levels of air pollution. There is a strong synergy between reducing GHG emissions and air pollution,” says Andreas Rangel Ahrens, head of the climate, Inter IKEA Group.
“With this report, we are taking the lead by being one of the first to disclose the air pollution generated across our value chain.
“Even though more work is needed, we hope that by transparently sharing our findings, we inspire other companies to also address air pollution while taking climate action”.