Tag: ikea

IKEA invests EUR 1.5 billion to accelerate phase out of fossil fuels

Stuart Mitchell

Ingka Group, the largest IKEA retailer, is investing a total of EUR 1.5 billion as part of its renewable energy transformation to phase out the direct use of fossil fuels. This investment in energy efficiency improvements and renewable heating and cooling technology contributes towards the target of reducing its climate footprint from own operations by 85% by 2030 (from a 2016 baseline). This is in addition to the already committed EUR 7.5 billion investment in offsite renewable energy production and technologies. “Ending our reliance on fossil fuels is essential to…

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IKEA partners with the Baby Bank Alliance, as cost of living crisis drives 44% of UK parents to consider visiting a baby bank in the last year

Stuart Mitchell

IKEA has announced a new partnership with the Baby Bank Alliance, an organisation dedicated to supporting and advocating for over 300 UK baby banks and families.  With concerns surrounding the rising cost of living and the need to provide for their family, new research revealed 44% of parents have considered visiting a baby bank in the past year.  It comes as 4.3 million children in the UK are currently living in poverty₁, with referrals to baby banks up 54% in the past year, according to research undertaken by the Baby…

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IKEA sets new world record for largest-ever pyjama gathering, launching a year for better sleep

Stuart Mitchell

2,051 IKEA co-workers broke the GUINNESS WORLD RECORDS™ title for the largest gathering of people wearing two-piece pyjamas (single venue). The achievement took place in Älmhult, Sweden, the heart of IKEA, and marked the beginning of a year-long initiative focused on improving sleep for the many people.  “We’re thrilled about this collective effort, coming together to highlight the importance of sleep,” says Fredrika Inger, Managing Director of IKEA of Sweden. “Good sleep benefits everyone, and we believe that by prioritizing it, we can genuinely make a big difference. Small adjustments,…

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Strengthening the IKEA climate agenda: moving towards Net Zero and Beyond

Stuart Mitchell

IKEA is introducing a strengthened climate agenda – Net Zero and Beyond – in line with the latest climate science. The Science Based Targets initiative (SBTi) has now verified the Inter IKEA Group net-zero science-based targets, which were set last year and cover the entire IKEA value chain. The Net Zero and Beyond climate agenda replaces the previous Climate Positive agenda.   The IKEA business is committed to contributing to limiting temperature rise to 1.5°C by drastically reducing greenhouse gas (GHG) emissions across the entire IKEA value chain. After thorough…

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IKEA launches new in-app feature and products to empower smarter energy use at home

Stuart Mitchell

IKEA pilots the new Energy Insights feature, to enable customers to monitor their electricity consumption and use energy smarter. The feature is now available in the Swedish IKEA Home smart app, and will be further improved and developed throughout the year.  As energy costs and consumption continue to capture homeowners’ attention, IKEA embarks on a journey to create digital experiences and smart energy products designed to help customers save energy and make better decisions around their electricity consumption at home. Marking the beginning is the pilot launch of Energy Insights in…

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