Highlights from the IKEA Sustainability Report FY23
The IKEA Sustainability Report FY23 provides an overview of the progress made in implementing the IKEA sustainability strategy, "People & Planet Positive" during the past financial year. So how are we doing? Take a look these 12 highlights from across the business, which show promising movements, despite a year of significant challenges around the world.
In FY23, we:
- Strengthened the IKEA climate goals and actions to align with the 1.5°C target trajectory. This includes at least halving the IKEA value chain greenhouse gas emissions in absolute terms by FY30 (compared with FY16) and reaching net-zero latest FY50.
- Decreased our climate footprint, in absolute terms compared to our FY16 baseline, by 6.9 million tonnes of CO2 eq, a reduction of 22%.
- Increased the share of renewable electricity, for retail from 75% to 77%, for logistic services from 86% to 90%, and for production from 63% to 71%, compared to FY22.
- Rolled out an energy-saving awareness campaign across 21 IKEA markets globally, emphasising small, cost-effective, at-home actions to reduce energy consumption.
- Implemented the use of new bio-based glue, beginning with the IKEA Industry board factory in Kazlų Rūda, Lithuania, taking an important first step towards our goal to reduce greenhouse gas emissions from glue by 30% by FY30.
- Reduced the amount of plastic packaging of consumer goods by approximately 47% and reducing total plastic packaging (including consumer packs, multipacks, unit loads and handling materials) by approximately 44% compared with baseline year FY21.
- Increased the offer and availability of spare parts to enable customers to prolong the life of products.
- Used, for the first time, ceramic production waste to make the new tableware range, SILVERSIDA.
- Introduced the plant-based hotdog in 14 markets, adding more plant-based alternatives to our food offer.
- Launched an initiative to fast-track biodiversity assessments in FSC-certified forests to better measure impacts at-scale and improve biodiversity outcomes.
- Took an important step towards our FY30 commitment to provide and support living wages, by sharing our Responsible Wage Practices framework across the IKEA business.
- Supported nearly 3000 asylum seekers and refugees from 2019 to 2023 through the Skills for Employment programme in IKEA retail, with 54% going on to find jobs inside or outside IKEA.