Ingka Group – the business owner of Ikea has committed €600m in sustainability investments, including a “zero-fossil fuel” approach, to assist with Ikea’s overall ambition of becoming “climate positive” by 2030. The commitment brings total spending into sustainability solutions from the Group to €3.8bn. Last year, the company revealed that it has invested a total of almost €2.5bn in onsite and offsite wind and solar power which has helped the Group, which has operations in more than 30 countries, to generate more renewable energy than it consumes. Ikea has reduced its overall climate footprint by 4.3%, despite the business growing by 6.5%. It builds towards Ikea’s overarching 2030 goal of becoming ‘climate positive’ – an aim the firm has defined as fulfilling its contribution to the Paris Agreement through an emissions reduction across the value chain that is aligned to climate science.

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