IKEA, famed Swedish retailer after our own hearts, is taking a giant leap forward in the sustainability department. The chain has announced its goal to be “all in” to have a net positive impact on the environment with a multi-pronged strategy of renewable energy investments, energy efficiency techniques, emissions reductions in the supply chain. The company will even redesign some products to encourage more eco-friendly behaviors in its customers. The retailer’s efforts earned the company a 2016 Guardian Sustainable Business Award in the net positive category.
The Swedish retail giant plans to hit its net positive energy goal within four years. Currently, IKEA generates around 53 percent of the energy it uses from renewable sources, primarily wind and solar. The retailer has 314 wind turbines, and has installed 700,000 solar panels to date on its stores and distribution hubs. Energy production varies by location. IKEA’s operations in Denmark, Finland, Norway, Sweden, and Poland have already reached net zero energy status, by producing all the energy they need to operate. IKEA’s Canadian wind farm generates more than double the energy the retail chain uses there.
Inspired by the COP21 climate agreement last December, IKEA sunk a ton of money into renewable energy projects outside its business operations as well. The company pledged a $670 million investment in renewable energy projects in advance of the international climate agreement, which added to previous investments of $1.67 billion cash investments and another $446 million to protect communities at risk from the effects of climate change.
Via The Guardian
Images via IKEA