Ikea Plans to be Exporter of Renewable Energy by the Year 2020

Jon Capistrano
Jon Capistrano
June 8, 2016

Ikea, the Swedish furniture giant made a number of big announcements. The company pledged to invest 600M Euros in renewable energy projects in addition to an earlier 1.5B Euros cash injection and another 400M Euros to support communities that are vulnerable to climate change according to The Guardian.

The company says that they are going all in to have a net positive impact on the environment and the climate through renewable energy investments, cutting supply chain emissions, having energy-efficient measures and product changes designed to achieve behaviour change. The initiative already helped its suppliers to be 18% more energy efficient over the past 4 years. This happened by way of having a sustainability assessment tool and by having their suppliers together to get sustainability best practices.

Kea Plans to be an exporter of renewable energy within the next four years. At present, Ikea produces 53% of its energy from renewable sources. It operates 314 wind turbines and already installed 700,000 solar panels on their stores and their distribution centres. In Denmark, Finland, Sweden, Poland and Sweden, Ikea already produces energy that is equivalent to what it uses in its daily operations. In Canada operations, its wind farm produces more than double its consumption thus, they are covered.

Another of Ikea’s core strategy is to support consumers in making their environmental choices. The company changed its entire lighting range to LED in September of last year and estimates that by the year 2020, the electricity saved will be equal to the yearly needs of every household in Paris and London.

Click here to read the full story on The Guardian

Leave a Reply

Your email address will not be published. Required fields are marked *

Share on facebook
Share on twitter
Share on linkedin

Trending Posts

Making a Big Deal of Microgrids

Making a Big Deal of Microgrids

Australia is right now experiencing an energy revolution. It’s profoundly exciting. Yet if there’s one challenge we are facing, it’s that because the speed and scale of change is so vast, it’s easy for certain aspects of it to be overlooked a little now and then.

The Ambitions of the Asian Renewable Energy Hub
Green Energy

The Ambitions of the Asian Renewable Energy Hub

Australia has always known it would build stronger ties throughout Asia. There are many reasons for this, but central is the shared cultural and economic links that connect a nation of 25 million into a region of over 4.5 billion.