The Swedish conglomerate IKEA, founded back in 1943, has decided to work towards becoming more environmentally friendly and sustainable.
With approximately $50 billion in annual profit, the company is very influential worldwide. With such an influence, a focus on cutting their emissions, moving towards carbon neutrality, and really focusing on taking care of the planet, IKEA is really setting a good example to other large companies to hopefully follow suit.
Their plan is to cut their emissions by at least 50% by 2030 and to move towards Carbon neutrality by 2050.
According to True Activist, how the company estimates their responsibility in emissions is by calculating how much comes from their electrical appliances sales, while factoring in how much electricity it takes to power those said appliances. Then, the outcome is the figure that they apply to their future climate targets.
“At IKEA, we want to become fully circular and climate positive by 2030, built on renewable energy and resources. We believe the future of energy is renewable and we want to make electricity from sustainable sources more accessible and affordable for all,” says Jan Gardberg, the the New Retail Business Manager of the Ingka Group.