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Ingka Group cuts its climate footprint by 30.1%
Ingka Group, the largest IKEA retailer which operates in 31 countries, has reduced its climate footprint by 30.1%, compared to the FY16 baseline.
Publishing its Net Zero Transition Plan, the company has shown consistent progress in reducing its emissions. Ingka Group first set science-based climate targets in 2018 and during 2023 strengthened its climate targets to halve absolute emissions across the value chain by 2030 and reach net zero by 2050 at the latest. The updated targets are part of the IKEA strengthened climate ambition ‘Net Zero and Beyond’.
The plan sets out clear actions and way forward for achieving its climate targets to reduce absolute greenhouse gas (GHG) emissions from the value chain by at least 50% by FY30 (compared to FY16 baseline) and reach net zero emissions by FY50. The direction is in alignment with Paris Agreement’s goal to limit global temperature rises to 1.5°C above pre-industrial levels.
Karen Pflug, Chief Sustainability Officer of Ingka Group, said “As part of the IKEA vision of creating a better everyday life for the many people, sustainability has been an important part of the business for many years, with the first IKEA environmental policy introduced in 1991. We have strong climate commitments, and the publication of our net zero transition plan means we have an even clearer roadmap for how to get there. Thanks to the dedication and work of many colleagues across the business, this plan has taken in many learnings and goes deeper than ever before into each of our climate emission categories for our business. We hope that by being transparent about our challenges, dependencies and innovation gaps we can inspire others and lead conversations that will support us in achieving the transition in our own business and broader society.”
To build on progress, the new climate transition plan presents a roadmap for decarbonization across all aspects of the value chain, based on a deep dive analysis of emission categories including store operations, construction materials, mobility and investments. For each emission category the plan presents key sources of emissions, decarbonization levers, case studies, external dependencies, and identified actions.
Key insights from the climate transition plan include actions with impact through detailed breakdown of emission categories where Ingka can uniquely have the most impact and can continue to significantly reduce its own emissions while empowering consumers to make more sustainable choices. Key actions include continuing to scale zero emission deliveries and renewable energy investment and adoption.
The plan also focuses on innovation and efficiency gaps, through mapping of where Ingka has the potential to scale up existing solutions and ensuring consistent adoption across Ingka’s markets, embedding the transition plan into business and innovation planning. Key actions include scaling renewable heating and cooling and the uptake of lower emission materials and technology.
The plan also focuses on governance on the integration of sustainability – with high competence and decision-making involvement of senior management in relation to sustainability topics, in addition to updated assessment of climate risks and opportunities – giving a current overview of how climate risks, including extreme weather events, could impact the business and the value at stake if no action is taken. This is Ingka Group’s third assessment following the Taskforce on Climate related Financial Disclosures (TCFD) framework.
Simon Henzell-Thomas, Climate & Nature Manager of Ingka Group, said “Climate change is highly complex, and we don’t pretend to have all the answers, but as a multinational business we have a responsibility to be part of driving the transition to net zero in society. But we can’t do it alone. Climate change has no borders and together – across the public and private sector – we must collaborate across industries and with governments and customers to drive real change. 2025 is a critical milestone for governments to deliver their own ambitious national climate plans ahead of COP30, so we invite policymakers, industry peers, and customers to collaborate in accelerating the transition to a sustainable future. We can only get there by working together.”
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