IKEA’s largest retailer, Ingka Group strengthened its climate targets to reduce greenhouse gas emissions. These targets have been approved and validated by the Science Based Targets initiative (SBTi). Ingka Group first set its science-based climate target in 2018 and since then has reduced its climate footprint by 24.3% while increasing revenue by 30.9%, as compared to the 2016 baseline.
Jesper Brodin, CEO said, “The climate crisis is one of the biggest challenges facing humanity and as a business, we are driving action in our business and beyond to contribute to limit global temperature rise to 1.5°C. Even if we have come far on our journey, we all need to do more, and the latest climate science is telling that we need to move with impact and speed. Now. Together we can create a positive change in society by accelerating climate action and working together with partners, governments, the private sector, and our customers.”