GlobalData offers a comprehensive analysis of INGKA Holding, providing key insights into its Environmental, Social, and Governance(ESG) factors. By closely monitoring and aggregating mentions of climate change and associated ESG keywords, GlobalData delivers valuable information on INGKA Holding‘s ESG performance. GlobalData’s company profile on INGKA Holding offers a 360-degree view of the company, SWOT analysis, key financials, and business strategy including insights on ESG implementation among other information. Buy the report here.
INGKA Holding, the parent company of IKEA, is committed to reduce its GHG emissions as part of its sustainability efforts. The company aims to achieve an 80% reduction in absolute greenhouse gas emissions from its own operations (scope 1 and 2) by 2030. The company aims to transition to using 100% renewable electricity in its operations by the year 2025. Additionally, the company has set a goal for all vehicles owned, leased, and shared in its operations to be zero-emission by the year 2025. There has been a reduction of 13.6% in the total climate footprint (encompassing scopes 1, 2, and 3) since FY16 for the company. The company has achieved a 75.7% recycling rate for operational waste, with the goal of reaching 100% by the year 2030. In 2022, the company witnessed a 32.3% reduction in greenhouse gas emissions from its own operations (scope 1 and 2) compared to the FY16 baseline and a 23.0% decrease since 2021. The company reported Scope 1 emissions of 166,574 tCO2e, Scope 2 emissions of 288,440 tCO2e, and Scope 3 emissions of 23,683,784 tCO2e.
To achieve its emissions reductions, INGKA Holding has taken several steps and made investments. These include phasing out single-use plastic from IKEA restaurants, cafés, and bistros, empowering customers to generate and use their own renewable energy, scaling up emission-free home deliveries, and investing in renewable heating and cooling in its buildings. The company is also adopting lower carbon, circular techniques to grow fresh produce and partnering with others to take climate action.
In terms of achievements, INGKA Holding has been investing in wind and solar power and switching to renewable heating and cooling in its buildings. The company is also working towards reducing waste production and increasing waste recycling. Additionally, INGKA Holding has been increasing the share of renewable electricity in its operations, with a significant portion of its electricity consumption coming from renewable sources.
In conclusion, INGKA Holding, the parent company of IKEA, is taking steps to reduce its carbon emissions. The company has specific goals related to scope 1, and scope 2 and has made investments in renewable energy and waste reduction. The company's commitment to sustainability showcases its dedication to addressing environmental challenges.