Friday 7 February 2014

Flatpacker IKEA gets quarter of power from renewables

Flatpacker IKEA gets quarter of power from renewables

Flatpack furniture giant IKEA generates more than a quarter of its electricity from renewable energy.

That’s according to the furniture seller’s first progress report since launching sustainability goals for 2020 a year ago.

The group has committed to own 137 wind turbines and installed 550,000 solar panels. It has a target of producing more renewable energy than the total energy it uses by 2020.

Since 2010 it has save €40 million (£33m) through energy efficiency efforts in stores and warehouses.

Peter Agnefjäll, President and CEO, IKEA Group said: “I am convinced there is no other way of doing business than in a sustainable way.”

Steve Howard, IKEA’s Chief Sustainability Officer said: “One year on from the launch of our People & Planet Positive strategy, we are making good progress – more than doubling the amount of cotton we buy from more sustainable sources, investing in renewable energy, and enabling millions of people to live more sustainably at home.

“The 22 million LED products we sold during the year show that more sustainable products have great appeal when customers can understand the savings they can make from day one.”

IKEA has bought a string of renewable energy projects including a Canadian wind farm in Alberta and the Carrickeeny wind farm in Ireland last August.

In the UK, it recently announced plans to sell cut price solar panels in its stores.

Written by

Bruna Pinhoni

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