Tag: Ingka Group

Ingka Group (IKEA) and H2 Green Steel sign agreement for the supply of Green Steel across its warehouse operations

Stuart Mitchell

Ingka Group, the largest IKEA retailer, announces it has signed an agreement with H2 Green Steel for the delivery of Green Steel, to be used in IKEA warehouse racking. The agreement forms part of Ingka Group’s ongoing action to reduce its climate footprint and will account for 50% of warehouse racking purchased globally. “The innovation of companies like H2 Green Steel holds great potential for a positive business and climate impact. We are delighted to announce this agreement, as we also want to inspire other businesses to follow. Significant steel…

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Ingka Group increases its sustainability investments by EUR 600 million over coming 12 months

Stuart Mitchell

Ingka Group will accelerate its investments to further enable the transition to reach the IKEA overall commitment to become climate positive by 2030. Over the coming year, the company has committed to invest EUR 600 million more into companies, solutions and its own operations to enable the transition to a net zero carbon economy. This increases its overall investments into sustainability to EUR 3.8 billion.    Since 2009 Ingka Group1, through its investment arm Ingka Investments2, has continued to invest in innovative companies that support its sustainability goals, including achieving…

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