Swedish flat-pack furniture retailer Ikea’s recycling efforts are stepping up–again.
Before the 25th meeting of the Conference of the Parties to the United Nations Framework Convention on Climate Change–COP25–in Madrid, the Swedish retailer said it would invest an additional € 200 million in its plan to become a carbon-positive business by 2030.
The business, which wants to improve its use of renewable energy and plans to focus on its production processes on 100% clean energy, now wants to extend its commitment to its suppliers.
“Our goal is to eliminate by 2030 in absolute terms more greenhouse gas emissions than the entire Ikea value chain while increasing the Ikea market,” said Torbjörn Lööf, Chief Executive Officer of Inter IKEA Group. “We will continue to invest in ways that generate value to achieve that goal.” When wood is sliced, splinters have to break, as the German proverb says, and Ikea’s furniture manufacturing business model involves a lot of wood being cut. For increasing the impact on the environment, part of the new € 200 million will be used for reforestation and sustainable forest management, the Swedish firm said.
Ikea didn’t offer specifics on its plans for renewable energy, but installed solar panels on the roofs of its buildings, deployed wind power plants and signed sustainable energy purchase agreements.
In its shops in Germany, Austria, Poland, the Netherlands, Switzerland, the UK, Italy and Sweden, the company also markets off-the-shelf Solstråle PV systems.
Becky Beetz’s PV magazine recently interviewed Signe Antvorskov Krag, the global leader in Ikea’s Home Solar market, on the company’s PV business model.