The FY19 Sustainability Report marks an important point in our journey toward creating a positive impact for people, society and the planet. It is the first year where we have seen a 6.5% growth in sales compared to FY18, while at the same time, the climate footprint of the IKEA value chain decreased by 4.3% in absolute terms, down to the FY16 baseline level.
How have we achieved this? Well, the use of renewable energy and renewable materials in production, offering affordable renewable energy to the many people and updating our supplier code of conduct are just a few of the ways.
And this is just the beginning. At the end of FY19, IKEA committed to investing 200 million euros to further speed up the journey to becoming climate positive.
Although FY19 was a successful year, it was also an eventful year, with many challenges. We still see negative trends when it comes to rising inequalities, loss of biodiversity, severe air and ocean pollution, and the increasing amount of waste from human activity. We will play an active part in turning such challenges into new solutions and creating a positive impact, but to achieve our ambitions, we must make large changes. However, we can't achieve all the big changes we want to see alone, so we are committed to working together in collaboration with NGOs, governments, businesses and the many people around the world to find better solutions.
Working together, leading by example and finding better ways to get things done are the IKEA way of working. Guided by the IKEA vision to create a better everyday life for the many people, we have a big opportunity to make a positive difference