LEIDEN – The climate impact of Swedish homeware conglomerate IKEA decreased in fiscal year 2019, according to its new Sustainability Report released today.
IKEA maintained steady sales growth of 6.5 per cent whilst its footprint decreased by 4.3 per cent to level FY16 levels.
The company cites a rapid uptake in renewable energy sources and the utilisation of more recycled and ‘sustainable’ materials as core contributors in this feat. Accordingly, late last year IKEA announced plans to invest €200 million (US$220 million) which is split down the middle to both increase renewable energy within its supply chain and to offset CO2 emissions via better forest management.
