Sweden's Ikea reduces climate footprint to 25.8 mn tonnes in FY 2022

Ikea’s highlights from the financial year 2022 include increasing the share of renewable electricity in Ikea retail and other operations to 76 per cent compared to 71 per cent in FY21. In FY22, 24 Ikea retail markets are consuming 100 per cent renewable electricity.

The share of renewable electricity in production was increased to 64 per cent compared to 52 per cent in FY21. The increase in China was largely driven by the programme launched in FY21 to enable suppliers to purchase renewable electricity. During FY23, the programme will be rolled out to ten additional markets including Germany, Türkiye, and Sweden.

Ikea also claims to be one of the first businesses to disclose an outdoor air pollution footprint across a value chain.

“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. We are committed to doing our part, taking a full value chain approach, working towards becoming climate positive and securing a just transition. We strive to take a holistic approach to our sustainability work, as climate change, nature loss, and inequality are interdependent,” said Jon Abrahamsson Ring, CEO, Inter IKEA Group.

“Every year, more than 2.4 billion people are exposed to dangerous levels of air pollution. There is a strong synergy between reducing greenhouse gas emissions and air pollution. 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,” said Andreas Rangel Ahrens, head of climate, Inter IKEA Group.

Fibre2Fashion News Desk (NB)