This report details IKEA's progress and ongoing efforts in addressing climate change, aligning with its sustainability strategy and agenda. It provides an overview of initiatives and performance across the entire IKEA value chain for the fiscal year 2024 (FY24).
IKEA is committed to reducing its greenhouse gas (GHG) emissions, removing carbon from the atmosphere, and driving broader societal change towards a net-zero future. The report highlights key achievements in FY24, including a 5% reduction in total GHG emissions compared to FY23, contributing to the long-term goals set for FY30 and FY50.
Key Focus Areas
- Reducing absolute GHG emissions across the IKEA value chain.
- Removing and storing carbon through responsible forestry, agriculture, and product lifecycle management.
- Undertaking initiatives "Going beyond IKEA" to foster a resilient net-zero society and support climate action globally.
Value Chain Progress
The report outlines progress across various segments of the IKEA value chain, including materials, food ingredients, production, product transport, retail operations, product use at home, and product end-of-life. Materials represent the largest portion of IKEA's climate footprint, with ongoing efforts focused on increasing the use of recycled and renewable materials.
Significant attention is given to the transition towards renewable energy sources in production and retail, as well as decarbonizing logistics and transport services.
Methodology and Outlook
Updates to the climate footprint calculation methodology for FY24 are detailed, including adjustments made in preparation for future reporting standards like CSRD. The report emphasizes continuous improvement in data accuracy and transparency.
IKEA aims to achieve ambitious climate goals by FY30 and net-zero emissions by FY50, driven by innovation, partnerships, and a commitment to sustainable living.
