Ingka Group exceeds goal to generate more renewable energy than it consumes
IKEA Canada (part of Ingka Group) contributes to sustainable goals as the company transforms to be more people and planet positive
BURLINGTON, Ont. — Ingka Group has focused its efforts towards supporting communities and partners along the value chain, reaching those most in need during the pandemic. The new Ingka Group Annual Summary & Sustainability Report reveals that the company produced more renewable energy than it consumed in its operations.
“FY20 was a truly exceptional year, in so many ways. It has been incredible to see over 166,000 entrepreneurs come together, putting people at the heart of everything we do, as well as quickly adapt to meet the new needs of our customers”, said Jesper Brodin, CEO, Ingka Group, in a prepared statement. “In a time when home has never been more important, we made IKEA more accessible by safely opening 26 new customer meeting points in cities like Helsinki, Seoul and Tokyo. And we accelerated our omnichannel transformation, allowing us to end the year with solid results, despite the fact that 75% of our stores were closed for almost two months.”
Ingka Group will accelerate efforts towards the IKEA ambition of becoming climate positive by 2030. This includes further investments of EUR 600 million during FY21, increasing overall investments into sustainability to EUR 3.8 billion.
“At Ingka Group, we stay committed to our sustainability ambitions and we are proud to say that for the first time we have generated more renewable energy than we consumed in our own operations, landing at 132% globally, thanks to our investments in solar and wind technology”, Karol Gobczyński, Climate & Energy Leader, Ingka Group.
“At IKEA Canada, we are proud to contribute to this global goal by producing more renewable energy than consumed in our total operations since 2015. Through our two wind farms in Alberta and solar panels on more than half of our stores across the country, we generate renewable energy equivalent to 4x our total consumption nationally,” said Melissa Barbosa, Sustainability Manager, IKEA Canada. “Looking forward, we will continue to accelerate efforts in Canada to tackle unsustainable consumption and climate change and will launch initiatives to inspire Canadians to live a better everyday life within the boundaries of the planet.”