IKEA Climate Report FY22
Increasing transparency and making progress
The world has six years of carbon budget left to limit global temperature increase to 1.5°C compared to pre-industrial levels. Taking action to achieve tangible results is now more critical than ever before. At IKEA, we are committed to doing our part, by taking a full value chain approach, in working towards becoming climate positive.
This report, issued by Inter IKEA Group, summarises our performance during FY22 compared to the IKEA commitment to become climate positive by FY30. The climate commitment is a key element of the IKEA sustainability strategy, People & Planet Positive. This report covers the entire value chain and franchise system and provides an update on activities and the ongoing work to measure progress.
The IKEA climate footprint in FY22 is estimated to be 25.8 million tonnes of CO2 eq – a decrease in absolute terms of 5% since last year, and 12% compared to our baseline year FY16. This means that we’re on our way to reaching our current goal for FY30 of an absolute reduction of at least 15%. The reduction of the IKEA climate footprint is mainly due to the increased share of renewable energy in both retail and production, and a more energy-efficient range, particularly SOLHETTA LED bulbs.
To learn more, explore the full report below.